Husky Energy Inc. has received approval for the limited restart of oil and gas production from White Rose field offshore Newfoundland and Labrador and for its plans to repair equipment that leaked oil last November. The leak occurred at a subsea flowline connection during the restart of production, which had been shut in during heavy […]
ExxonMobil reports earnings of $20.8 billion in 2018
ExxonMobil Corp. reported estimated 2018 earnings of $20.8 billion compared with $19.7 billion a year earlier. Excluding US tax reform and asset impairments, earnings were $21 billion compared with $15.3 billion in 2017. Source: News
Petrobras restores full operations at Replan refinery
Petrobras has resumed full production rates at the operator’s 434,000-b/d Replan refinery in Paulinia, Sao Paulo, following a late August 2018 fire that led to a temporary suspension of operations at the complex. The refinery’s return to 100% of its nominal production capacity follows restart of the complex’s atmospheric distillation unit (U-200), which was back in […]
Petrobras starts production from Lula North in Santos basin
Production of oil and natural gas has started from the Lula North presalt area in Brazil’s Santos basin from Petroleo Brasileiro SA’s P-67 floating production, storage, and offloading vessel, reported BM-S-11 consortium partner Shell Brasil Petroleo Ltda. The FPSO, which is 260 km off Rio de Janeiro in 2,130 m of water, will produce through […]
MARKET WATCH: NYMEX down slightly as Trump talks trade
Light, sweet crude prices for March delivery fell slightly to settle just above $54/bbl on Jan. 31 with trade concerns again in the spotlight. In a session to sign an executive order that recommends federal money earmarked for infrastructure projects be directed to American companies, US President Donald Trump told reporters at the White House […]