Petroleo Brasileiro SA (Petrobras) said it has approved a new organizational structure and governance model “as part of the company’s response to the new reality of the oil and gas sector.” Source: News

Partners in giant Leviathan natural gas field awaiting development in deep water offshore Israel have signed an agreement to sell as much as 6 billion cu m of gas to an Israeli power generator. Source: News

Wholly owned subsidiaries of DYAS BV, a privately owned Dutch company, has agreed with Lundin Malaysia BV to farm into three production-sharing contracts covering acreage offshore Malaysia. Source: News

Alberta’s Royalty Review Advisory Panel has eased concerns of the oil and gas industry by recommending new attention to cost rather than aggressive rate increases. Source: News

BP PLC has appointed Lamar McKay to the new position of deputy group chief executive as part of the company’s reorganization that will follow the May 1 retirement of Katrina Landis, executive vice-president of corporate business activities. Source: News

BP Trinidad & Tobago (BPTT) has reported that it will invest $1.5 billion in Trinidad and Tobago this year in spite of falling oil prices and declining revenue, BPTT Pres. Norman Christie said. Source: News

CNOOC Ltd. has started oil production from the Weizhou 12-2 joint development project and Weizhou 11-4 North Phase II project in the Beibu Gulf basin of the South China Sea. Source: News

Chevron Australia has confirmed a major delay of 6 months to the start-up of its 8.9 million-tonne/year Wheatstone LNG project in Western Australia. Source: News

Statoil Uruguay BV has agreed to acquire 15% working interest in exploration Block 14 offshore Uruguay from Total E&P Uruguay BV. Source: News

Despite its being an election year, Congress still is an important part of Washington oil and gas associations’ 2016 federal strategies. But those efforts will need to reflect changes in US Senate and House dynamics in 2015 and earlier, association officials told OGJ. Source: News