Petrobras Appoints New CEO, Makes Changes To Management. Petrobras received a letter of resignation from of Petrobras’ Board member and CEO Mr. Aldemir Bendine today. Following the announcement, the Board of Directors held an extraordinary meeting, in which they elected engineer Pedro Pullen Parente as Petrobras’ Board member and CEO of the company. [Oilpro]
Brent Lower On Strong Middle East Output. Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting on Thursday, while U.S. crude edged higher as the summer driving season began. [Reuters, Oilpro]
Cobalt’s New CEO. Cobalt has announced the appointment of BHP veteran Timothy J. Cutt as its new CEO. He assumes this role from Joseph H. Bryant who has resigned as the Company’s Chairman of the Board and CEO, and as a member of the Board of Directors, each effective June 1, 2016. [Cobalt International Energy]
Technip Wins Mediterranean Sea Contract. Technip won a major contract to develop the Bahr Essalam, Phase II development in the Central Mediterranean Sea. [Oilpro]
Battered By Crude Rout, Norway Now Faces Risk Of Oil Strikes. Norway’s oil companies and the industry’s biggest union had set aside two days to negotiate over wages for offshore workers. Instead, the talks broke down after less than a minute. [Bloomberg]
The Controversy Of The Nord Stream 2. Peter Thompson writes, “Much has been saidabout Nord Stream 2, and not an awful lot of it has been positive. In fact one online source referred to it as the embodiment of the hybrid warfare being conducted by parties conniving against the Energy Union.” [Oilpro]
Oil At $60 Gains More Backers On Forecast For Higher U.S. Demand. The UAE’s economy minister joined forecasters looking for $60 crude this year with demand and production moving more in line. “It’s possible for oil prices to reach $60 or more during this summer” as demand increases in the U.S., UAE Economy Minister Sultan Bin Saeed Al Mansoori said. [Bloomberg, Oilpro]
Strategic Marine Building Luxury Crewboat. Strategic Marine, specialist shipbuilder, has collaborated with PT. Pelayaran Tanjung Kumawa, to deliver an exclusive luxury crewboat in November this year. The luxury crewboat will transfer crews from shore to LNG and natural gas processing plant in Indonesia’s oil and gas industry. [Oilpro]
Tiny Oil Kingdom Brunei Moves To Diversify From Oil. Brunei is notorious for its oil riches, which are disproportionately huge for its tiny size and small population, and for the fact that its sultans are among the world’s wealthiest individuals thanks to these riches. Yet, the current oil downturn has forced Brunei to start thinking about moving away from oil. [Oilprice, Oilpro]
SKE Makes Another Discovery Offshore Malaysia. Malaysia’s SapuraKencana Energy (SKE) has made another significant gas discovery from its three wells 2015 drilling campaign within the Block SK408 Production Sharing Contract (PSC) area, offshore Malaysia. [Oilpro]
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