Page 52 - Dated Brent News Today

U.S. Energy Corp. announces operating results

WAF crude sellers scramble for buyers as Indian refiners step back West African crude sellers have been dealt a big blow by key buyer India slowing down its purchases as the COVID-19 pandemic continues to ravage the world’s third-largest oil consumer. India’s state-owned refiners typically issue tenders for a large proportion of their crude requirements, but with the latest wave of COVID-19 infections in the country still raging, no new tenders have been issued since late April, according t...

BOPD in Q1 2021, up 11% from the fourth quarter of 2020; Closed the transformational acquisition of Sasol’s working interest in the Etame field offshore Gabon (the “Sasol Acquisition”) on February 25, 2021; Announced the signing of a non-binding Letter of Intent (“LOI”) for a new Floating Storage and Offloading unit (“FSO”) with Omni Offshore Terminals Pte Ltd (“Omni”) at the Etame field; Proposal could reduce VAALCO’s operating costs by 15% to 25% when compared to the c...

DJ Genel Energy PLC: Proposed amendment to KRG payment schedule Genel Energy PLC (GENL) Genel Energy PLC: Proposed amendment to KRG payment schedule 13-May-2021 / 07:00 GMT/BST Dissemination of

West African crude sellers have been dealt a big blow by key buyer India slowing down its purchases as the COVID 19 pandemic continues to ravage the world s third largest oil consumer.

ONGC agrees to remove marketing margin; refuses to lower gas price Zukiman Mohamad State-owned Oil and Natural Gas Corporation (ONGC) has agreed to do away with charging users a marketing margin on the gas it plans to produce from its KG basin field but refused to lower the minimum rate, according to tender documents. ONGC, Indias top oil and gas producer, last month sought bids for sale of initial 2 million standard cubic meters per day of gas from its KG-DWN-98/2 block (KG-D5). The company as...

State-owned Oil and Natural Gas Corporation (ONGC) has agreed to do away with charging users a marketing margin on the gas it plans to produce from its KG basin field but refused to lower the minimum rate, according to tender documents. ONGC, Indias top oil and gas producer, last month sought bids for sale of initial 2 million standard cubic meters per day of gas from its KG-DWN-98/2 block (KG-D5). The company asked bidders to quote a rate linked to prevailing Brent crude oil prices. It fixe...

ONGC removes marketing margin but refuses to lower gas price SECTIONS Last Updated: May 13, 2021, 02:45 PM IST Share Synopsis The company asked bidders to quote a rate linked to prevailing Brent crude oil prices. It fixed the floor or minimum rate at 10.5 per cent of the three-month average Brent crude oil price. On top of it, the firm sought USD 0.20 per million British thermal unit. ONGC, Indias top oil and gas producer, last month sought bids for sale of initial 2 million standard cubic mete...

London — The Kurdistan Regional Government plans to slash payments owed for previous shortfalls to international oil producers operating in the semi-autonomous region of Iraq, citing the rise in benchmark Dated Brent prices as well as the fiscal strains caused by the pandemic, the companies -- DNO, Genel and Gulf Keystone -- said May 13. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Under the proposal, the cash-stra...

VAALCO Enters Into Additional Crude Oil Derivative Contracts HOUSTON, May 11, 2021 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a Dated Brent weighted average price of $66.51 per barrel for the period from and including May 2021 through October 2021. These swaps will settle on a monthly basis.  The Company is hedging a majority of ...