Chinese partner pays nearly $2 bln to Petrobras to raise its stake in Brazilian field

This post was originally published on this sitePetrobras has received almost $2 billion from CNOOC, which the Chinese firm paid to acquire an additional interest in the Búzios field. The post Chinese partner pays nearly $2 bln to Petrobras to raise its stake in Brazilian field appeared first on Offshore Energy.

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ADNOC, Aramco’s converging oil capacity boost targets seen leading to market share spat

This post was originally published on this siteSaudi Arabia and the UAE are ramping up their crude oil production capacity in a bid to capture more market share, but their ambitious plans are likely to put the two OPEC allies in direct competition in the oil demand-growth economies of Asia. Abu Dhabi National Oil Co.,

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Natural Gas Futures Flop Following Production Bump, Mixed Weather Outlook; Cash Prices Climb

This post was originally published on this siteNatural gas futures gave up ground Wednesday as traders absorbed reports of increased production, uneven weather-driven demand and the potential to avert a railroad strike.  At A Glance: Gas production bounces back Markets mull evolving weather Analysts see storage pull in 80s Bcf The January Nymex natural gas

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TC Energy Aiming to Double Mexico Natural Gas Earnings by 2026

This post was originally published on this siteTC Energy Corp. is forecasting substantial earnings and volume growth from its Mexico natural gas pipeline network over the coming years, executives said Tuesday. “[T]he energy fundamentals in Mexico strongly support the need for additional gas supplies to meet growing demand across the industrial heartland in central Mexico,

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Adnoc Consolidates Natural Gas, LNG Units as Part of $150 Billion Growth Plan

This post was originally published on this siteThe United Arab Emirates’ Abu Dhabi National Oil Co. (Adnoc), is planning to combine its natural gas processing and LNG units into one partially public company as a part of its plans to modernize its structure and boost production. Dubbed Adnoc Gas, the new entity would incorporate all

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U.S. Offshore Natural Gas, Oil Infrastructure Said Under Increasing Cybersecurity Threats

This post was originally published on this siteCybersecurity risks to offshore oil and natural gas facilities such as those from state actors and cyber criminals are on the rise. In a new report, the U.S. Government Accountability Office (GAO) said the federal government has identified the oil and gas sector as a target of malicious

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