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Oil & Gas Trade
Mexico’s Pemex Swings to $14 Bln Quarterly Loss on Lower Sales, Currency Losses
Mexico's state-owned oil company Pemex swung to a 256 billion peso ($14 billion) second-quarter net loss on Friday, red ink the energy giant chalked up to l…
Oil & Gas Trade
Azerbaijan in Talks to Increase Kazakh Oil Transit to 5-7 Mln T
Azerbaijan and Kazakhstan are discussing increasing the transit of Kazakh oil through Azerbaijan to 5-7 million tonnes, an official at Azerbaijan's state-ow…
Oil & Gas Trade
Exclusive: UAE's Adnoc Recently Eyed BP as Takeover Target, Sources Say
The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File photo Purchase Licensing Rights33.2%.The…
Oil&Gas Drilling
Suriname Presses Exxon, Totalenergies to Combine Gas Developments
Managing Director of Staatsolie Annand Jagesar poses for a portrait during CERAWeek by S&P Global in Houston, Texas, U.S. March 19, 2024. REUTERS/Callaghan O…
Oil & Gas Trade
Libya Says Production Has Resumed at Its Largest Oilfield After More Than 2-Week Hiatus
Libya’s state-owned oil company resumed production at the country’s largest oilfield Sunday, ending a more than two-week hiatus after protesters blo…
Oil Exploration
Türkiye's Oil Production in Eastern Region Breaks Record With 30,000 Barrels per Day
ANKARATürkiye's daily oil production in the Gabar region of southeastern Sirnak province has reached 30,000 barrels, the country's state-owned oil …
Oil & Gas Trade
Altera Shuttle Tankers Fixes Suezmax to Petrobras for Five Years
Altera Shuttle Tankers has sealed a deal with Brazil’s state-owned oil company Petrobras for the charter of its 2013-built suezmax Lambada Spirit.The company d…
Natural Gas
Rosneft’s Natural Gas Output Rose by 15% In 2022 (Russia)
The Russian state-owned oil company Rosneft has released its 2022 results, posting a net profit of RUB813bn (US$10.5bn, -7.9% compared to 2021). The group produ…
Oil & Gas Trade
Venezuelan Oil Minister Resigns on Investigation
Venezuela's oil minister Tareck El Aissami offered his resignation after three years in the post in the wake of a corruption investigation into state-owned …
Solar Power Plant
Eni Launches Solar Lab and PV Plant to Decarbonise Oil Operations in Algeria
Italian oil major Eni and Algerian state-owned oil company Sonatrach have inaugurated a Solar Lab and laid the first stone of a new 10MW PV plant in the Bir Reb…
Crude Oil
Petroecuador Begins Meetings to Renegotiate Contracts with PetroChina
Ecuador's state-owned oil company Petroecuador has started meetings to renegotiate long-term sales oil contracts with PetroChina, a process it hopes to conclude…
Crude Oil
Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed
Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…
LNG
Ghana Plans to Become West Africa’s Gas Hub with Import Terminal
Ghana’s state-owned oil company is progressing with plans to sell liquefied natural gas throughout West Africa after shipments of the fuel begin to flow to an …
South Korea
Saudi Aramco Signs 10 Agreements with South Korean Companies to Advance Co-Operation
State-owned oil company signed one deal and nine preliminary agreements with South Korean companies
Oil Pipeline
Video Shows Fire in Gulf of Mexico After Gas Pipeline Rupture
Mexico's state-owned oil company said Friday it suffered a rupture in an undersea gas pipeline in the Gulf of Mexico, sending flames boiling to the surface in t…
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