WorldOil Brazil stays out of OPEC to maximize its output expansion Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC. Oil shutdown a ‘bullet in the head,’ says Libyan central bank Libya’s Central Bank Governor Sadiq Al-Kabir called on the international community to help end a week-long shutdown of oil ports by eastern military commander Khalifa Haftar, likening the closures to a “bullet in the head.” As shale investors fade, EnCap taps $6 billion war chest to keep drilling EnCap Investments LP plans to use a $6 billion war chest to drill oil and natural gas wells, now that dwindling investor interest has made it tougher for private equity players to offload shale assets. EIA: U.S. crude production from tight formations continues to grow U.S. oil production from tight formations increased in 2019, accounting for 64% of total U.S. crude oil production, thanks to the increasing productivity of new wells that were brought online during 2019. Offshore aviation heavyweights Bristow, Era merge Offshore aviation transportation companies Bristow Group and Era Group announced that they entered into a definitive agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification. U.S. sanctions energy traders, tightening the screws on Iran The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Islamic Republic’s revenue sources. Global oversupply sets up LNG for a year of record low prices Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption. World Oil Daily Brief podcast, Thursday, January 23rd Oil hits a two-month low as the Asian virus threatens demand, one of the best-known shale bankers tells Houston to embrace the energy transition, and continued Mediterranean tension has tankers piled up off Libya's coast. Investors wary as AMLO slowly dismantles Mexican energy reforms Andres Manuel Lopez Obrador, who swept into power in Mexico after promising big changes in the country’s energy markets, has been careful not to spook investors by canceling past reforms outright. Exxon looks to divest UK, German upstream assets Exxon Mobil plans to start gauging buyer interest in its UK and German upstream operations in the coming weeks as the oil major continues to divest overseas assets, people with knowledge of the matter said. EIA expects U.S. net natural gas exports to almost double by 2021 The U.S. Energy Information Administration forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 Bcfd in 2020 (2.0 Bcfd higher than in 2019) and 8.9 Bcfd in 2021.