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Brazil: Statoil submits development plan for Peregrino Phase II

Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in Rio de Janeiro on 30 January. ... more ...

Lithuania signs non-binding deal for U.S. LNG

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a non-binding agreement to purchase LNG from the United States' first export terminal, the company said on Saturday. ... more ...

BP ex-chief Browne to run Russian oligarchs' oil venture

John Browne, the former chief executive of BP, will take charge of a $10 billion oil and gas venture backed by Russian billionaire Mikhail Fridman to help it expand internationally through partnerships and acquisitions, the Financial Times reported. ... more ...

UK blocks Russian oligarchs' deal to buy North Sea fields

The British government blocked on Saturday a deal by Russian billionaires, Mikhail Fridman and German Khan, to buy 12 oil and gas fields in the North Sea as part of their acquisition of Germany's oil firm DEA from RWE, citing possible sanctions against Russia. ... more ...

Mexico OKs 5 shallow water areas in Round One oil tender second leg

Mexico has approved draft auction terms for five shallow water areas containing around 355 million barrels of oil equivalent (boe) as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday. ... more ...

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