Energy

Equinor acquires 25% stake in Roncador oil field
Energy Global

Equinor acquires 25% stake in Roncador oil field

Norway’s Equinor has acquired a 25% non-operated interest in the Roncador oil field in Brazil’s Campos Basin. Equinor said in a statement that all the transaction conditions have been met including government and regulator approval. Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit […]

Nigeria’s oil export to crash in July
Energy Global

Nigeria’s oil export to crash in July

Latest data from Thomson Reuters shows that Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day (bpd), loading plans showed on Monday, the lowest level so far this year. According to the data, the export plan comprised 48 cargoes, compared with 60 cargoes […]

Exxon acquires Equinor’s Carcara oil field
Energy Global

Exxon acquires Equinor’s Carcara oil field

ExxonMobil has completed the purchase of half of Equinor’s interest in the BM-S-8 block offshore Brazil, which contains part of the 2-billion-barrel, pre-salt Carcara oil field. “The Carcara oil field is an excellent example of the quality resources to be found offshore Brazil,” said Brad Corson, president of ExxonMobil Upstream […]

Jeff Woodbury retires after 35 years at ExxonMobil
Energy

Jeff Woodbury retires after 35 years at ExxonMobil

ExxonMobil said that Jeff Woodbury, vice president of investor relations and secretary, has elected to retire after 35 years of service. The board of directors has elected Neil Hansen, downstream controller, as vice president of investor relations and secretary, effective July 1. Woodbury joined Exxon Company USA in 1983 and […]