A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has submitted a non-binding offer for Brazilian oilfields Albacora and Albacora Leste, four sources familiar with the matter told Reuters.
By Reuters Staff
2 Min Read
(Reuters) - U.S. oil producer Hess Corp has been selected to market two Guyana crude oil shipments as the emerging oil power seeks a permanent partner to handle its share of a major offshore oil find, the country’s vice president said on Tuesday.
The South American country has became an oil hotspot after a consortium led by Exxon Mobil Corp discovered more than 8 billion barrels of oil and gas off its coast. Guyana receives a portion of the consortium’s output, which it then sells.
But with no domestic refining nor state oil company, Guyana relies on private companies to market its share. President Irfaan Ali’s government re-launched an advanced search for that partner after taking power last year, receiving 29 bids in October.
Oil prices rose on Wednesday, extending its rally for a ninth day, its longest winning streak in two years, supported by producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.
Oil prices rose on Wednesday, extending its rally for a ninth day, its longest winning streak in two years, supported by producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.
The board of Brazil's Petrobras is standing firm behind its chief executive and sees no evidence of political interference in its fuel pricing, according to two members, a view at odds with the concerns of some analysts and investors.