RIO DE JANEIRO – A Brazilian court upheld an injunction that bans U.S. oil company Chevron Corp. and drilling company Transocean Ltd. from operating in Brazil, according to a decision posted on the court's website Tuesday. Chevron and Transocean had appealed the ban earlier this month.
OTTAWA – China-owned CNOOC Ltd. has officially filed an application with the Canadian government seeking approval of its $15.1 billion all-cash takeover bid for Calgary-based Nexen Inc., Canada's Industry Minister Christian Paradis said Wednesday.
India's oil companies are exploring opportunities to invest in Canada's LNG projects and import gas from there, junior oil minister R.P.N. Singh told lawmakers in a written reply in lower house of parliament.
The Norwegian oil company Statoil said wednesday it aims for a 60% recovery factor at its fields on the Norwegian continental shelf, which could add more than 3 bbopd to its reserves. The recovery factor is a measure of how much of the oil originally in place in a field is ultimately produced.
Russian explorer Lukoil has made a significant gas and condensate discovery in the mountainous region of southern Uzbekistan.
The 1,230-mile system will deliver growing ethane production from the Marcellus/Utica Shale areas of Pennsylvania, West Virginia and Ohio to Mont Belvieu, Texas.