Sunday, January 5, 2025

Brazil Now Ninth-Largest Oil Producer

Libra field may produce up to 1.4 MMBOPD Brazilian crude oil production is growing, and has risen to the ninth-largest producer of petroleum in the world, according to the EIA. Brazil produced 3.3 MMBPD of crude oil and other liquids so far this year, up from 3.2 MMBPD last year. Production has grown due to Brazilian pre-salt development, which now

Quantum Energy Partners Invests $489 Million in FourPoint Energy

FourPoint Energy, LLC announced a new equity financing agreement and the closing of a strategic upstream and midstream acquisition in the Anadarko Basin. Quantum Energy Partners has agreed to invest $489 million in common equity in FourPoint, making it one of the largest unit holders. Existing equity holders have also invested an additional $36 million bringing the total of new