Edition:
United Kingdom

Marianna Parraga

Big oil stuns Brazil in back-to-back auction flops

07 Nov 2019

RIO DE JANEIRO Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA .

CORRECTED-UPDATE 3-Big oil stuns Brazil in back-to-back auction flops

07 Nov 2019

RIO DE JANEIRO, Nov 7 Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA.

Big Oil eyes Brazil's next pre-salt round after sitting out TOR

07 Nov 2019

RIO DE JANEIRO, Nov 7 Brazil's government is hoping for redemption on Thursday, when its sixth pre-salt bidding round brings a new chance to lure major oil firms to the country's most promising offshore region.

Biggest Brazil oil auction disappoints as only Petrobras and Chinese firms bid

06 Nov 2019

RIO DE JANEIRO Brazil's biggest-ever oil auction frustrated expectations on Wednesday, as high prices and the dominant role of state-run oil company Petrobras scared off global oil majors.

Moment of truth arrives for huge Brazilian oil auction

06 Nov 2019

RIO DE JANEIRO, Nov 6 Executives from many of the world's biggest oil companies gathered in Rio de Janeiro on Wednesday to compete in Brazil's long-awaited transfer-of-rights (TOR) oil bidding round, the largest offer of crude and gas reserves in the nation's history.

Venezuela's oil exports top 800,000 bpd for a second month, drains surplus -data

04 Nov 2019

* Graphic on Venezuela's oil exports: https://tmsnrt.rs/2CcJciU

Big Oil seeks refuge in Brazil from Latam regional turmoil

28 Oct 2019

RIO DE JANEIRO/MEXICO CITY When executives arrive in Rio de Janeiro this week for Brazil's biennial Offshore Technology Conference, they will find themselves in Latin America's most promising market for Big Oil by far.

Refiner Nynas to suspend imports of Venezuelan oil due to sanctions

21 Oct 2019

European refiner Nynas AB will suspend imports of Venezuelan crude following changes to a license allowing it to operate under U.S. sanctions, the company said on Monday, adding it was looking to shift to alternative sources of oil.

U.S. oil major Chevron set to receive Venezuelan crude cargo: document

19 Oct 2019

U.S. oil major Chevron Corp is scheduled this month to receive at least one cargo of crude oil from sanctioned Venezuelan state oil company PDVSA, according to an internal PDVSA document.

UPDATE 1-U.S. oil major Chevron set to receive Venezuelan crude cargo -document

19 Oct 2019

Oct 18 U.S. oil major Chevron Corp is scheduled this month to receive at least one cargo of crude oil from sanctioned Venezuelan state oil company PDVSA, according to an internal PDVSA document.

World News

Prince Andrew halts public duties over sex scandal

Britain's Prince Andrew stepped down from public duties on Wednesday, saying the controversy surrounding his "ill-judged" association with late U.S. financier Jeffrey Epstein had caused major disruption to the royal family's work.