Petrobras' (PBR) unit Petrobras Netherlands signed production sharing contracts for eight offshore exploration blocks in Cote d'Ivoire, the company said Thursday.
The company said it will hold a 90% interest in the blocks and serve as operator, while PETROCI Holding will hold the remaining 10% interest.
The agreements expand Petrobras' exploration portfolio in the African equatorial margin and support its strategy to replenish oil and gas reserves through new exploration frontiers, it added.
BP (BP.L) agreed to meet again with the elected representatives of the United Steelworkers union on Sept. 22 to discuss a labor agreement for its Whiting refinery in the US.The parties agreed on the schedule during a meeting on Thursday, according to a same-day release. The oil and gas company said the conversations were "constructive" and that both parties continue to work on several key issues of the deal.Amid the talks, BP assured that the ongoing labor dispute is not affecting operations at the site.
Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, has been bidding for diesel cargoes in the Mediterranean, Bloomberg News reported Thursday, citing brokers who monitor S&P Global Energy's Platts pricing window.Sources told the news outlet that the Saudi Arabian state-owned oil giant has also been seeking to secure gasoline in Europe.Saudi Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
DNB Carnegie on Wednesday launched coverage of British oil and gas exploration and production company Ithaca Energy (ITH.L) with a buy rating and a price target of 3.25 pounds sterling.