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Clean Energy Transition
Malaysia’s Petronas Launches Clean Energy Firm to Lead Carbon-Free Push
Malaysia's Petronas on Thursday announced the establishment of a new clean energy solutions company, Gentari, as part of a global push by the state oil firm to …
United Kingdom
Windfall Tax to Cost UK-Focused Oil Firms More Than $3 Billion
The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion thro…
Norway
Norway Oil Firm Okea to Initiate Dividend, Buy North Sea Assets
Norwegian independent petroleum firm Okea announced its first dividend payment on Monday and separately said it agreed to buy a portfolio of mostly oil-producin…
Crude Oil
Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources
Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, includin…
Oil Price
Fuel Prices up for 8th Straight Week
Fuel prices will increase for eight consecutive weeks as oil firms will impose below PHP1-per liter hike starting Tuesday morning.
Crude Oil
Guyana Talking to Middle East Firms About Offshore Oil Auction
Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields.
Crude Oil
Libya Oil Pipeline Maintenance Completed
Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maint…
Crude Oil
Eni Adds New Field to Angola's Olombendo Crude Grade
Italian integrated oil firm Eni has started crude production from the Cabaca North project in Angola's deepwater block 15/06.
Net Zero Emission
Petrobras Commits to Net Zero Carbon Emissions
Petrobras' public-private structure means that it will face closer scrutiny over its emissions than other national oil firms
Crude Oil
Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire
Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people,
Australia
Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm
Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion, in a deal that would create a top-20 global oi…
CCS
Chevron’s Carbon Capture Project Falls Short Of Requirements
The world’s largest oil firms may need to be careful relying on carbon capture and storage to reduce emissions from operations as much as they would like.
Solar Power Plant
Russian Oil Firm Energises 20MW Solar Plant Featuring Hevel Heterojunction Modules
Oil and gas company Lukoil has commissioned a 20MW PV plant that features heterojunction modules from Hevel and has been constructed at a refinery in Russia’s …
SINOPEC
China's Sinopec, Great Wall to Develop Hydrogen Energy
China's state-controlled oil firm Sinopec has signed a strategic co-operation framework agreement with domestic automotive manufacturer Great Wall Holdings to d…
Oil Price
Angola May Privatize State-Owned Oil Firm To Boost Production
OPEC member Angola was Africa’s top oil producer six years ago when oil prices crashed in 2015-2016, slashing oil-producing countries’ revenues and forcing in…
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