The head of Royal Dutch Shell Plc (RYDAF) in Brazil said on Friday that it currently made more sense for the company to look for exploration areas.
Speaking after Brazil's disappointing oil auctions this week, which Shell chose to sit out, Andre Araujo said the Buzios block, where state-run oil company Petroleo Brasileiro SA won rights to extract proven reserves, is an area that any company would want.
(Reporting by Roberto Samora Editing by Chizu Nomiyama)
Shell received approval from Nigeria’s oil minister to sell $2.4 billion worth of onshore and shallow water assets to Renaissance Group.
Oil edged up on Wednesday after a drop in U.S. crude inventories, and as investors eyed a potential interest rate cut by the U.S.
The Danish Energy Agency has granted a construction permit for 240-megawatt (MW) Jammerland Bugt offshore wind farm, which…
Karoon Energy, an Australian oil and gas company, said that it has reduced the production forecast for its Bauna Project…
Alexander Dyukov said that the high interest rates in the oil industry could have a negative impact on firms providing support services.
Aleksandar Vucic, president of Serbia, said that the United States would introduce financial sanctions in the next few days…
Estimates based on data from the Kazakh energy ministry and analysis service SAC TEK show that output from Kazakhstan's largest…
W&T Offshore is an independent driller in the U.S. Gulf of Mexico. It has asked a federal court to block the insurance companies'…
W&T Offshore is an independent driller in the U.S. Gulf of Mexico. It has asked a federal court to block insurance company…
Woodside Energy, Australia's largest oil and gas producer in terms of market value, announced on Thursday that the state…
Ecopetrol, Colombia's largest state-owned energy firm, announced on Wednesday that it had signed five agreements to enhance…
OPEC reduced its estimates for the growth of oil demand this year and in 2019. The producer group has now revised their forecasts…
World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.
Subscribe to World Energy News Alerts.