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Brazil's Petrobras makes another oil find in Espirito Santo basin
Petrobras has made another onshore oil find in the Espirito Santo basin, according to Brazil's regulator ANP. The find was made at well 4BRSA742ES in block ES-T-382, which is 100% owned by Petrobras...More...
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IEA sees OPEC capacity growth at just 1.7 million b/d between 2008-2014
OPEC guide Having forecast late last year that OPEC capacity would grow by 3.2 million b/d by 2014, the International Energy Agency now sees OPEC capacity growth at just 1.7 million b/d between 2008 and 2014.
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Nigeria struggles to meet OPEC quota as militants step up attacks
Nigerian oil production Nigeria is struggling to fulfill its OPEC output quota and has shut down two refineries as militans step up attacks on oil installations in the southern Niger Delta, home to Africa's biggest oil industry.
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