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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

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Earlier in December, Cobalt International Energy announced a significant discovery at its Lontra well in the pre-salt play offshore Angola, in which BP holds a 30% interest. Estimated post-drill resource range for Lontra is 700 million to 1.1+ The discovery well encountered both a high liquids content gas interval and an oil interval.

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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billion barrels of resource for more than 40 years. PFT technology processes bitumen on-site to remove water and solids and improve bitumen quality. ExxonMobil says that the project produces blended bitumen with about the same lifecycle greenhouse gas emissions as the average crude oil refined in the United States.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

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