Petroleo Brasileiro S.A. (Petrobras) reported Thursday the discovery of a new oil and gas accumulation in the Amazon Basin, Block AM-T-84 in Brazil. The discovery was made while drilling well 1-BRSA-1293-AM (ANP nomenclature), informally known as Jusante do Aneba. Well drilling reached the total depth of 6,693 feet ( 2,040 meters). Preliminary well tests have…
Colombian state-owned oil company Ecopetrol will cope with falling oil prices by bolstering exploration offshore, as well as focusing on production of high-yield wells, the company’s new president said on Tuesday. Ecopetrol will focus on about 20 oilfields that produce 80 percent of its onshore crude and have output costs of between $7 and $17…
The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas exploration in the Arctic since it suffered mishaps in the region in 2012. “The Arctic is an important component of the Administration’s national energy strategy,…