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French Guiana attracts the interest of oil giants
Guyana has attracted the attention of major oil companies such as Shell, Petrobras and Chevron for its upcoming auction of offshore oil exploration blocks. This region is considered the hottest of the decade in terms of oil potential.
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French Guiana attracts the interest of oil giants
Guyana has attracted the attention of major oil companies such as Shell, Petrobras and Chevron for its upcoming auction of offshore oil exploration blocks. This region is considered the hottest of the decade in terms of oil potential.
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Cautious investors weigh on oil prices
Oil prices started the week lower as investors became more cautious about China's economic recovery after lower than expected growth forecasts.
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Cautious investors weigh on oil prices
Oil prices started the week lower as investors became more cautious about China's economic recovery after lower than expected growth forecasts.
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Norway to record oil and gas revenues in 2022
Norway has recorded record oil and gas revenues in 2022, reaching 1.457 billion kroner, three times more than in 2021, according to official figures released Monday.
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Norway to record oil and gas revenues in 2022
Norway has recorded record oil and gas revenues in 2022, reaching 1.457 billion kroner, three times more than in 2021, according to official figures released Monday.
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Cuba turns to Russia to alleviate its energy crisis
Cuban President Miguel Diaz-Canel received the CEO of the Russian state oil company Rosneft, Igor Setchine, in Havana with the aim of strengthening energy cooperation between the two countries.
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Cuba turns to Russia to alleviate its energy crisis
Cuban President Miguel Diaz-Canel received the CEO of the Russian state oil company Rosneft, Igor Setchine, in Havana with the aim of strengthening energy cooperation between the two countries.
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Ecuador gradually resumes production of its crude oil
Ecuador announced the gradual resumption of production of its crude oil, its main export product, after reinforcing the infrastructure of one of its pipelines. The state-owned oil company Petroecuador had temporarily suspended part of its exports last week due to a check to be carried out on two of its main pipelines crossing a river next to a bridge that had collapsed. .
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Ecuador gradually resumes production of its crude oil
Ecuador announced the gradual resumption of production of its crude oil, its main export product, after reinforcing the infrastructure of one of its pipelines. The state-owned oil company Petroecuador had temporarily suspended part of its exports last week due to a check to be carried out on two of its main pipelines crossing a river next to a bridge that had collapsed. .
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Brazil: record profits for Petrobras in 2022
Brazilian oil company Petrobras has announced a record profit of 188 billion reais in 2022, surpassing the record held by Vale in 2021. The new CEO, Jean Paul Prates, is scheduled to give his first press conference tomorrow.
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Brazil: record profits for Petrobras in 2022
Brazilian oil company Petrobras has announced a record profit of 188 billion reais in 2022, surpassing the record held by Vale in 2021. The new CEO, Jean Paul Prates, is scheduled to give his first press conference tomorrow.
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U.S. Crude Oil Reserves Up Despite Record Exports
Figures released by the U.S. Energy Information Agency (EIA) show that commercial crude oil reserves rose by 1.2 million barrels last week, reaching their 10th consecutive week of increases, despite a winter season usually characterized by higher consumption of crude and refined products.
Sans-titre-2023-03-02T160036.683
U.S. Crude Oil Reserves Up Despite Record Exports
Figures released by the U.S. Energy Information Agency (EIA) show that commercial crude oil reserves rose by 1.2 million barrels last week, reaching their 10th consecutive week of increases, despite a winter season usually characterized by higher consumption of crude and refined products.
Sans-titre-2023-03-02T160036.683
New oil discovery in the Bohai Sea by CNOOC
CNOOC Limited announced the discovery of the Bozhong 26-6 oil field in the Bohai Sea. This new discovery strengthens the company's position and offers new exploration prospects for subtle buried hills in the region.
Sans-titre-2023-03-02T145032.286
New oil discovery in the Bohai Sea by CNOOC
CNOOC Limited announced the discovery of the Bozhong 26-6 oil field in the Bohai Sea. This new discovery strengthens the company's position and offers new exploration prospects for subtle buried hills in the region.
Sans-titre-2023-03-02T145032.286
Chevron doubles oil production in Venezuela
Despite the political risks, Chevron announced that its daily oil production in Venezuela had nearly doubled to about 90,000 barrels per day, up from 50,000 barrels produced before the lifting of U.S. sanctions last year.
Sans-titre-2023-03-02T095454.954
Chevron doubles oil production in Venezuela
Despite the political risks, Chevron announced that its daily oil production in Venezuela had nearly doubled to about 90,000 barrels per day, up from 50,000 barrels produced before the lifting of U.S. sanctions last year.
Sans-titre-2023-03-02T095454.954
OPEC increases oil production in February, despite OPEC+ agreement
The Organization of the Petroleum Exporting Countries (OPEC) produced 28.97 million barrels per day (bpd) in February, an increase of 150,000 bpd from January. Despite the agreement within the OPEC+ alliance to reduce production to support the market, the resumption of Nigerian production contributed to this increase.
Sans-titre-2023-03-01T182055.146
OPEC increases oil production in February, despite OPEC+ agreement
The Organization of the Petroleum Exporting Countries (OPEC) produced 28.97 million barrels per day (bpd) in February, an increase of 150,000 bpd from January. Despite the agreement within the OPEC+ alliance to reduce production to support the market, the resumption of Nigerian production contributed to this increase.
Sans-titre-2023-03-01T182055.146
TotalEnergies: French Court Dismisses NGOs Opposed to the Uganda-Tanzania Megaproject
NGOs are calling TotalEnergies to account for its controversial oil pipeline and drilling megaproject, accusing the company of disregarding human rights and environmental protection. Despite the court's rejection, the possibility for the associations involved to appeal is a strong signal.
Sans-titre-2023-02-28T170204.756
TotalEnergies: French Court Dismisses NGOs Opposed to the Uganda-Tanzania Megaproject
NGOs are calling TotalEnergies to account for its controversial oil pipeline and drilling megaproject, accusing the company of disregarding human rights and environmental protection. Despite the court's rejection, the possibility for the associations involved to appeal is a strong signal.
Sans-titre-2023-02-28T170204.756
Equinor sells its oil terminal in the Bahamas
Equinor sells its Bahamas oil terminal to Liwathon. This sale allows Equinor to focus on its core areas and Liwathon to take over the future development of the terminal.
Sans-titre-2023-02-28T120259.273
Equinor sells its oil terminal in the Bahamas
Equinor sells its Bahamas oil terminal to Liwathon. This sale allows Equinor to focus on its core areas and Liwathon to take over the future development of the terminal.
Sans-titre-2023-02-28T120259.273
Blessing or curse: Ugandans divided over oil megaproject
TotalEnergies and CNOOC's oil project in the impoverished eastern region of Uganda is sparking debate over its environmental and social impact, as some residents have benefited from the sale of their land while others have been taken to court for opposing the project.
Sans-titre-2023-02-28T112158.704
Blessing or curse: Ugandans divided over oil megaproject
TotalEnergies and CNOOC's oil project in the impoverished eastern region of Uganda is sparking debate over its environmental and social impact, as some residents have benefited from the sale of their land while others have been taken to court for opposing the project.
Sans-titre-2023-02-28T112158.704
A free trade agreement between South Korea and the GCC
South Korea is continuing negotiations on a free trade agreement with the Gulf Cooperation Council to enhance its energy security and improve the economics of importing sour crude from the Middle East. Discussions focus on opening markets for products and services, improving environmental trading conditions and intellectual property rights.
Sans-titre-2023-02-23T170113.630
A free trade agreement between South Korea and the GCC
South Korea is continuing negotiations on a free trade agreement with the Gulf Cooperation Council to enhance its energy security and improve the economics of importing sour crude from the Middle East. Discussions focus on opening markets for products and services, improving environmental trading conditions and intellectual property rights.
Sans-titre-2023-02-23T170113.630
China lifts unofficial ban on Australian coal
After more than two years of an unofficial ban, China began buying Australian coal this month, according to market sources and data from S&P Global Commodity Insights.
Sans-titre-2023-02-24T094055.376
China lifts unofficial ban on Australian coal
After more than two years of an unofficial ban, China began buying Australian coal this month, according to market sources and data from S&P Global Commodity Insights.
Sans-titre-2023-02-24T094055.376
Oil prices rise as Russian production is cut
Oil prices rose due to a reduction in Russian oil production, which exceeds that announced by the Russian Deputy Prime Minister for Energy. Analysts have warned of a tight market due to growing demand from China and India.
Sans-titre-2023-02-24T133625.642
Oil prices rise as Russian production is cut
Oil prices rose due to a reduction in Russian oil production, which exceeds that announced by the Russian Deputy Prime Minister for Energy. Analysts have warned of a tight market due to growing demand from China and India.
Sans-titre-2023-02-24T133625.642
TotalEnergies obtains license for Ugandan hydrocarbon mega-project
The pipeline project is now officially under the control of the French company TotalEnergies, and activists and NGO groups are facing considerable environmental and human criticism.
Sans-titre-2023-02-21T135740.880
TotalEnergies obtains license for Ugandan hydrocarbon mega-project
The pipeline project is now officially under the control of the French company TotalEnergies, and activists and NGO groups are facing considerable environmental and human criticism.
Sans-titre-2023-02-21T135740.880
Oil prices recover after a week of losses
Oil prices rebounded slightly, buoyed by hopes of recovery in China and uncertainties over Fed rates, despite the recent drop due to expectations of rate hikes to counter inflation, and also with the coming impact of sanctions against Russia.
Sans-titre-2023-02-20T140807.251
Oil prices recover after a week of losses
Oil prices rebounded slightly, buoyed by hopes of recovery in China and uncertainties over Fed rates, despite the recent drop due to expectations of rate hikes to counter inflation, and also with the coming impact of sanctions against Russia.
Sans-titre-2023-02-20T140807.251
Vladimir Putin criticizes sanctions targeting Gazprom
The Russian gas giant Gazprom, targeted by international sanctions for the past year, has been at the center of criticism from President Vladimir Putin, who denounced "direct attempts" by the West to "hinder the development" of the company. Despite a 25.1% drop in its gas exports in 2022, Gazprom has launched new projects to cope with the situation, in particular by turning to Asia where energy demand is strong.
Sans-titre-2023-02-20T112642.799
Vladimir Putin criticizes sanctions targeting Gazprom
The Russian gas giant Gazprom, targeted by international sanctions for the past year, has been at the center of criticism from President Vladimir Putin, who denounced "direct attempts" by the West to "hinder the development" of the company. Despite a 25.1% drop in its gas exports in 2022, Gazprom has launched new projects to cope with the situation, in particular by turning to Asia where energy demand is strong.
Sans-titre-2023-02-20T112642.799
Bulgarian Competition Commission sanctions Lukoil
The Bulgarian Competition Commission is sanctioning Lukoil for abuse of a dominant position, fining the Russian oil giant 67 million leva (34 million euros) for refusing discounts to its competitors, resulting in higher prices for Bulgarian consumers.
Sans-titre-2023-02-20T105216.548
Bulgarian Competition Commission sanctions Lukoil
The Bulgarian Competition Commission is sanctioning Lukoil for abuse of a dominant position, fining the Russian oil giant 67 million leva (34 million euros) for refusing discounts to its competitors, resulting in higher prices for Bulgarian consumers.
Sans-titre-2023-02-20T105216.548
The trend of fossil fuel subsidies and its consequences
An all-time high in subsidies is reached in 2022, which increases fossil fuel consumption. A measure that may in the long term compromise the transition to clean energy and from which lessons must be learned for the future.
Sans-titre-2023-02-17T140718.343
The trend of fossil fuel subsidies and its consequences
An all-time high in subsidies is reached in 2022, which increases fossil fuel consumption. A measure that may in the long term compromise the transition to clean energy and from which lessons must be learned for the future.
Sans-titre-2023-02-17T140718.343
Russia: new oil tax legislation
Russia is adopting new tax rules to limit the impact of low oil prices on the state budget, but analysts fear this will exacerbate the pressure of sanctions, which are set to increase in 2023. Oil producers, already struggling under high taxes and deteriorating market fundamentals, could see their output cut even further.
Sans-titre-2023-02-20T164259.971-1
Russia: new oil tax legislation
Russia is adopting new tax rules to limit the impact of low oil prices on the state budget, but analysts fear this will exacerbate the pressure of sanctions, which are set to increase in 2023. Oil producers, already struggling under high taxes and deteriorating market fundamentals, could see their output cut even further.
Sans-titre-2023-02-20T164259.971-1
Oil demand expected to increase by 2 million b/d
According to the International Energy Agency (IEA), global oil demand is expected to increase by 100,000 barrels per day in 2023 due to China's economic recovery and the aviation sector. Market optimism and external factors boosted production, with an increase in the estimate for global oil production growth of 200,000 b/d.
Sans-titre-2023-02-16T120242.083
Oil demand expected to increase by 2 million b/d
According to the International Energy Agency (IEA), global oil demand is expected to increase by 100,000 barrels per day in 2023 due to China's economic recovery and the aviation sector. Market optimism and external factors boosted production, with an increase in the estimate for global oil production growth of 200,000 b/d.
Sans-titre-2023-02-16T120242.083
USA: Commercial crude oil reserves take off
U.S. commercial crude oil reserves rose by 16.3 million barrels last week, despite a general softening in demand. This surprise figure caused prices to plummet and commercial stocks are at their highest level since early June 2021.
Sans-titre-2023-02-16T104509.674
USA: Commercial crude oil reserves take off
U.S. commercial crude oil reserves rose by 16.3 million barrels last week, despite a general softening in demand. This surprise figure caused prices to plummet and commercial stocks are at their highest level since early June 2021.
Sans-titre-2023-02-16T104509.674
Israel makes its first crude oil exports
Israel is starting to export crude oil for the first time in its history, a further step towards energy independence thanks to its resources in the Mediterranean.
Sans-titre-2023-02-15T151651.709
Israel makes its first crude oil exports
Israel is starting to export crude oil for the first time in its history, a further step towards energy independence thanks to its resources in the Mediterranean.
Sans-titre-2023-02-15T151651.709
Oil prices decline
Oil prices record a further decline after the U.S. government's decision to release millions of additional barrels from its strategic reserve and the possible buildup of U.S. crude inventories. Analysts expect oil prices to continue to fall in the coming days.
Sans-titre-2023-02-15T123004.078
Oil prices decline
Oil prices record a further decline after the U.S. government's decision to release millions of additional barrels from its strategic reserve and the possible buildup of U.S. crude inventories. Analysts expect oil prices to continue to fall in the coming days.
Sans-titre-2023-02-15T123004.078

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