Oil And Gas Total News

Global oil and gas total deal value increased by US$ 79.7b during 2018 to reach US$426.8b, despite a decrease of 18% in deal volume, said EY Global oil and gas transaction review 2018.It said that while the first two quarters of 2018 saw greater deal appetite aided by rising oil prices, caution returned in the second half of the year due to a decline in the oil price to 2015 levels.Looking ahead, the 2019 mergers and acquisitions (M&A) environment will likely be shaped by lower commodity prices, uncertain political climate and energy transition strategies, the review said.Andy Brogan, EY Global Oil & Gas Transaction Advisory Services Leader…

Consolidated Oil and Gas Petrobras in Brazil and abroad, production amounted to 2 million 795 thousand barrels of oil equivalent per day (boe) in October. This volume was 0.5% higher than in September, which was 2 million 781 thousand boe. Oil production in Brazil grew by 0.4% compared to September, and reaches a new high. Oil production from Petrobras in Brazil reached in October average of 2 million 126 thousand barrels / day (bpd), 0.4% higher than what occurred in September, 2 million 118 thousand bpd. This volume represents a new record, surpassing the previous high, reached in December 2010 at 4800 bpd. October was the ninth consecutive month of growth in oil production company in the country.

Total 2013 throughput at Marseilles Fos confirmed containers, steel industry bulks, LNG and cruise traffic as the growth drivers at the French port. In contrast, a mounting decline in crude oil and petroleum volumes pegged overall cargo to 80 million metric tons for the year, down 7% on 2012. Oil and gas still accounts for more than half the cargo handled at one of the world’s biggest oil ports, but volumes have been eroded by the restructuring of Europe’s refinery industry. At just over 46MT, last year’s oil and gas total was 12% and some 5MT lower than in 2012 and 13MT worse than in 2011.