Exxon Consortium to Begin Installation of Floating Oil Facility in Guyana
Wedoany.com Report-Apr. 16, A consortium led by Exxon Mobil, a U.S.-based energy company, is preparing to install its fourth floating production storage and offloading (FPSO) facility, named One Guyan...
Brazilian Oil Field’s FPSO Two Wells Richer With Another Duo Slated for June
Wedoany.com Report-Apr. 16, Brava Energia, a Brazilian energy company formed from the merger of 3R Petroleum and Enauta, has activated two additional wells, 4H and 5H, at the Atlanta field in the Sant...
Oil Uplift Coming up Next on Brazilian Field’s Horizon
Wedoany.com Report-Apr. 15, BW Energy, listed on the Oslo Stock Exchange, has confirmed a final investment decision for the Golfinho Boost project in the Espírito Santo Basin, offshore Brazil. ...
JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output
Wedoany.com Report-Apr. 15, JP Morgan recently revised its oil price forecasts for 2025 and 2026, pointing to increased OPEC+ production and reduced global demand. The bank lowered its 2025 Brent crud...
BP Makes New Oil Discovery off US Gulf Coast
Wedoany.com Report-Apr. 14, On Monday, BP announced a new oil discovery in the Far South field, located in the U.S. Gulf of Mexico. The exploration well, drilled in Green Canyon Block 584, approximate...
Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada
Wedoany.com Report-Apr. 14, Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydminster, Saskatc...
Oando Pipelines in Nigeria’s Oil-Rich Bayelsa State Hit by Sabotage Attacks
Wedoany.com Report-Apr. 14, Oando Plc, a Nigerian oil producer, reported three incidents targeting its pipelines in Bayelsa state, southern Nigeria, over the past week. The company announced the event...
China’s Crude Oil Imports Highest Since August 2023 on Iranian Surge
Wedoany.com Report-Apr. 14, Chinas crude oil imports in March reached 51.41 million metric tons, equivalent to 12.1 million barrels per day (bpd), according to data released by the General Administrat...
Chevron Must Return Venezuelan Oil Before Sanctions Deadline, Sources Say
Wedoany.com Report-Apr. 14, Chevron Corp. has been directed to return nearly 1 million barrels of oil to Venezuela’s state-owned company, Petroleos de Venezuela SA (PDVSA), affecting the U.S. co...
Shale Drillers Idle U.S. Rigs at Fastest Pace in Almost Two Years
Wedoany.com Report-Apr. 14, U.S. shale drilling activity slowed significantly this week, marking the steepest decline in nearly two years, as global trade uncertainties weigh on energy demand forecast...