Petroleumworld

Venezuela’s Guaido gets boost in fight over $1 billion gold Gaby Oraa/Bloomberg Top court allows Venezuela’s Juan Guaido to assert control of $1 billion gold - Top judges accept U.K. government recognition of Guaido - Bank of England is storing Venezuelan bullion in its vaults By Jonathan Browning / Bloomberg News LONDON Petroleumworld 12 21 2021 The U.K.’s top judges ruled in favor of Venezuela’s Juan Guaido, paving the way for the opposition leader to assert control over more than $1...

Oil and gas discoveries for 2021 on pace to be lowest in 75 years -Rystad Rystad Energy By William Watts / Market Watch SAN FRANCISCO Petroleumworld 12 21 2021 Barring any last-minute major finds, oil and gas discoveries are on track this year to come in at their lowest in 75 years, according to data compiled by Rystad Energy.

Oil ends Monday 3% lower amid omicron-inspired restrictions By Myra P. Saefong and Mark DeCambre / MarketWatch SAN FRANCISCO Petroleumworld 12 20 2021 Crude-oil prices fell sharply on Monday, but ended off of session lows, as the spread of the omicron variant of the coronavirus that causes COVID-19 and the imposition of new mobility restrictions in parts of the world, amplified worries about demand.

Russian gas flows to Europe set to remain capped as cold arrives Angel Garcia/Bloomberg By Anna Shiryaevskaya / Bloomberg News LONDON Petroleumworld 12 20 2021 Russia’s gas shipments through a major transit route to Germany are set to remain capped on Monday, potentially worsening Europe’s energy crunch just as a cold snap arrives in the region.

French government asks EDF to restart nuclear reactors early Theo Giacometti/Bloomberg Cooling towers beside the Donzere Mondragon canal at the Tricastin Evolutionary Power Reactor (EPR) nuclear power plant, operated by Electricite de France SA (EDF), in Saint-Paul-Trois-Chateaux, France.

Guyana's PPP/C administration proposes no penalties or jail time for misuse of oil money Facebook …Natural Resource Fund Bill 2021 By Kaieteur News GEORGETOWN Petroleumworld 12 20 2021 In the Natural Resource Fund (NRF) Bill 2021, the People’s Progressive Party / Civic (PPP/C) administration has proposed several penalties for an official who discloses confidential information or provides misleading data about the nation’s oil money.

Former head of security for Mexico's Pemex arrested in Canada Reforma Gen. Eduardo Leon Trauwitz Reporting by Diego Ore and Dave Graham / Reuters MEXICO CITY Petroleumworld 12 20 2021 The former chief of security for Petroleos Mexicanos (Pemex) was arrested in Canada on charges of protecting a fuel theft racket within the state-run oil company, and his extradition process has begun, Mexican officials told Reuters on Friday.

OPEC+ produces below target in November as compliance rises Reuters UK Supreme court building Reporting by Ahmad Ghaddar / Reuters LONDON Petroleumworld 12 20 2021 OPEC+ compliance with oil production cuts stood at 117% in November, up from 116% the previous month, two sources from the group told Reuters, indicating the group's production levels continue to be below agreed targets.

Young: We'll discuss $240m spend with other T&T Atlantic LNG Train One shareholders Jeff Mayers/Newsday Atlantic LNG, Point Fortin By Sean Douglas / TT Newsday PORT SPAIN Petroleumworld 12 20 2021 ENERGY Minister Stuart Young hopes that some $230/$240 million spent by State-run National Gas Company (NGC) on turnaround and maintenance of Train One of the Atlantic LNG complex could be discussed with other shareholders of the train, he said on Friday, in the House of Representatives replying to...

TotalEnergies expects 50,000 barrels per day with the award in Brazil TotalEnergies TotalEnergies expands its pre-salt footprint on giant low-cost and low emissions reserves By EFE PARIS Petroleumworld 12 20 2021 The French group TotalEnergies indicated that thanks to the contracts it obtained in the oil auction this Friday in Brazil, it expects to obtain a production of 50,000 barrels per day from 2023.