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Rosneft Buys Egyptian Crude for First Time in Tender
EG >>  3/8/2017 - The trading arm of Russia's state oil firm Rosneft bought three cargoes of Egypt's heavy sour Ras Gharib grade, the first time the company has bought Egyptian crude. Geneva-based Rosneft Trading won t...

PDO Invites Firms to Unlock Potential of Habhab Heavy Oilfield
OM >>  1/18/2017 - Majority state-owned Petroleum Development Oman (PDO) is looking to partner with international oil and gas companies in harnessing the prodigious hydrocarbon potential of its Habhab oilfield – a large...

YPF & PentaNova Partner to Develop the Llancanelo Block
AR >>  4/19/2017 - Miguel Gutierrez, president of YPF, and Warren Levy, a pair of Patagonia Oil Corp, an affiliate of PentaNova Energy Corp, signed a terms and conditions agreement for the development of the Llancanelo ...

World Oil Supply - April 2017
AT >>  4/12/2017 - Preliminary data indicates that the world’s oil supply decreased in March by 0.23 mb/d m-o-m to average 95.82 mb/d, higher by 0.22 mb/d, y-o-y. ...

Crude Spill Hits Venezuela Oil Port
VE >>  3/29/2017 - Venezuelan state oil company PDVSA confirmed reports of a crude spill from a pipeline connecting its main oil-exporting complex with a tanker loading facility, but said shipments have not been affecte...

Canacol Energy Operational Update in Colombia
CO >>  3/28/2017 -  Canacol Energy Ltd.(Canacol) is pleased to provide an update on the Mono Capuchino 1ST exploration well and the Corporation’s drilling program. ...

Schlumberger Opens New Center of Excellence for Production Chemicals
US >>  3/28/2017 - Schlumberger announced the opening of a new purpose-built Production Technologies Center of Excellence aimed at solving customers’ global challenges related to oil and gas production chemistry, partic...

Steam Oil Offers four Blocks in 29th UKCS Seaward Licensing Round
UK >>  3/23/2017 - On the 23rd of March 2017 the Oil and Gas Authority announced the results of the 29th Seaward Licensing Round. The Steam Oil Production Company had applied for four part blocks surrounding the Pilot f...

GeoPark Announces New Exploration Discovery In Colombia
CO >>  2/2/2017 - GeoPark Limited (GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, annou...

Latin America Oil Supply - January 2017
BR >>  2/2/2017 - Oil supply from Latin America is predicted to increase by 0.21 mb/d, to average 5.33 mb/d in 2017, despite declining in 2016. Brazil’s liquids supply is estimated to average 3.15 mb/d in 2016, an incr...

Sparrows Group Seals Crane Management Contract at New North Sea Field
UK >>  1/23/2017 - Sparrows Group has built upon our recent success in securing work on newly developed fields with a contract to provide crane management services at the Kraken Field in the UK North Sea. ...

Baytex Energy Closes Peace River Acquisition
CA >>  1/20/2017 - Baytex Energy Corp. (Baytex) announces the closing of its previously announced acquisition of heavy oil assets located in the Peace River area of northern Alberta. Cash consideration for the acquisiti...

World Oil Supply - January 2017
AT >>  1/18/2017 - Preliminary data indicates that the world’s oil supply decreased in December by 0.30 mb/d m-o-m to average 96.92 mb/d, but higher by 0.71 mb/d, y-o-y. ...

Operations at Venezuelan Oil Terminal Halted by Spill
VE >>  1/17/2017 - Shipping operations at one of three docks of Venezuela's main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India, union and shipping sources told Reute...


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