Petrobras Finds Oil At Araucária Prospect
(Petrobras, 2.Apr.2020) — Petrobras informs that it has identified the presence of oil in the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt. The pioneer well...
Venezuela Brushing Aside Oil Price Signals For Now
(Argus, 2.Apr.2020) — Venezuela's crude production partially recovered to around 700,000 b/d at the end of March, but state-owned PdV and its foreign partners cannot afford to dismiss weaker price...
Venezuela’s 1Q Oil Exports Fall 17% Over Year Ago
(Reuters, 2.Apr.2020) — Latin American nation's average exports of crude and refined oil in March were the second lowest since United States imposed sanctions in January 2019. ***
Apache Reports Significant Oil Find Offshore Suriname
(Apache, 2.Apr.2020) — Apache Corporation announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft...
Angel Olmeta To Retire From Citgo Petroleum BOD
(Citgo, 2.Apr.2020) — The Citgo Petroleum Corporation Board of Directors and the Citgo President and Chief Executive Officer Carlos Jordá, announced today that Angel Olmeta is retiring from the Board,...
US$210bn Of New Spend In Firing Line
(WoodMac, 2.Apr.2020) — The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the...