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Sinopec reports USD 6.74 bn net profit and 75% payout ratio
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Waaree inaugurates 5.4 GW solar gigafactory in Chikhli, strengthening India’s industrial capacity

Latest news

Russia-India: A Strengthened Oil Partnership Despite U.S. Sanctions
Russia will continue supplying oil to India under advantageous conditions despite U.S. sanctions affecting its energy sector. New Delhi relies on stable Russian deliveries to meet growing demand, consolidating a strategic partnership in a tense global market.
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Russia-India: A Strengthened Oil Partnership Despite U.S. Sanctions
Russia will continue supplying oil to India under advantageous conditions despite U.S. sanctions affecting its energy sector. New Delhi relies on stable Russian deliveries to meet growing demand, consolidating a strategic partnership in a tense global market.
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Brazil: Petrobras accelerates its oil project in the Equatorial Margin despite uncertainties
Petrobras aims to exploit a 10-billion-barrel deposit off the Amazon coast. While Ibama assesses the environmental impact, the Brazilian government supports the project, which could strengthen the country’s position in the global oil market.
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Brazil: Petrobras accelerates its oil project in the Equatorial Margin despite uncertainties
Petrobras aims to exploit a 10-billion-barrel deposit off the Amazon coast. While Ibama assesses the environmental impact, the Brazilian government supports the project, which could strengthen the country’s position in the global oil market.
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Explosion on a Russian Oil Tanker in Ust-Luga: No Victims or Leaks Reported
A fire broke out aboard the Russian oil tanker *Koala* after an explosion in the engine room, forcing the crew to evacuate the vessel. The accident, which occurred in the port of Ust-Luga, caused no casualties or oil spills, according to authorities.
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Explosion on a Russian Oil Tanker in Ust-Luga: No Victims or Leaks Reported
A fire broke out aboard the Russian oil tanker *Koala* after an explosion in the engine room, forcing the crew to evacuate the vessel. The accident, which occurred in the port of Ust-Luga, caused no casualties or oil spills, according to authorities.
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CNOOC launches production at Bozhong 26-6 oilfield in Bohai Sea
CNOOC Limited has announced the start of production for Phase I of the Bozhong 26-6 oilfield development project, located in Bohai Bay. With an expected production capacity of 22,300 barrels of oil equivalent per day in 2025, this strategic project strengthens China's energy supply.
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CNOOC launches production at Bozhong 26-6 oilfield in Bohai Sea
CNOOC Limited has announced the start of production for Phase I of the Bozhong 26-6 oilfield development project, located in Bohai Bay. With an expected production capacity of 22,300 barrels of oil equivalent per day in 2025, this strategic project strengthens China's energy supply.
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Washington Imposes Sanctions on Iranian Oil Network to China
The United States enacts new financial sanctions against an international network moving Iranian oil to China, with generated revenues funding military activities, according to Washington, sparking debate over the economic impact of such measures.
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Washington Imposes Sanctions on Iranian Oil Network to China
The United States enacts new financial sanctions against an international network moving Iranian oil to China, with generated revenues funding military activities, according to Washington, sparking debate over the economic impact of such measures.
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France: Minister of Ecological Transition Opposes New Oil Drilling
The proposed eight new oil wells near Arcachon have sparked internal government disagreements. Agnès Pannier-Runacher, Minister of Ecological Transition, has voiced her opposition to this initiative, contradicting the previous statements of Christophe Béchu.
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France: Minister of Ecological Transition Opposes New Oil Drilling
The proposed eight new oil wells near Arcachon have sparked internal government disagreements. Agnès Pannier-Runacher, Minister of Ecological Transition, has voiced her opposition to this initiative, contradicting the previous statements of Christophe Béchu.
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Namibia: Africa Oil Expands with the Drilling of Marula-1X
Africa Oil Corp. and its investee Impact Oil & Gas are accelerating their offshore operations in Namibia. Following the drilling of Tamboti-1X, work continues with Marula-1X, targeting Albian reservoirs. The Venus project, scheduled for 2026, could mark a key milestone.
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Namibia: Africa Oil Expands with the Drilling of Marula-1X
Africa Oil Corp. and its investee Impact Oil & Gas are accelerating their offshore operations in Namibia. Following the drilling of Tamboti-1X, work continues with Marula-1X, targeting Albian reservoirs. The Venus project, scheduled for 2026, could mark a key milestone.
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Ecopetrol completes the acquisition of 45% of Block CPO-09 from Repsol
Ecopetrol has finalized the purchase of Repsol's remaining 45% stake in Block CPO-09 for $452 million. This strategic acquisition strengthens the Colombian company's presence in the Llanos Orientales basin and consolidates its role in hydrocarbon exploration and production.
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Ecopetrol completes the acquisition of 45% of Block CPO-09 from Repsol
Ecopetrol has finalized the purchase of Repsol's remaining 45% stake in Block CPO-09 for $452 million. This strategic acquisition strengthens the Colombian company's presence in the Llanos Orientales basin and consolidates its role in hydrocarbon exploration and production.
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U.S. Crude Oil Stocks Surge by 8.7 Million Barrels
U.S. crude oil reserves saw an unexpected increase of 8.7 million barrels last week, far exceeding market forecasts. This rise is attributed to low refinery activity and higher imports, amid a context of downward pressure on prices.
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U.S. Crude Oil Stocks Surge by 8.7 Million Barrels
U.S. crude oil reserves saw an unexpected increase of 8.7 million barrels last week, far exceeding market forecasts. This rise is attributed to low refinery activity and higher imports, amid a context of downward pressure on prices.
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OMV: Net Profit Slightly Down for 2024
OMV, the Austrian hydrocarbons group, has announced a slight decline in its net profit for the year 2024. The company's financial results reflect a decrease in its margins in an economic environment marked by energy price volatility.
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OMV: Net Profit Slightly Down for 2024
OMV, the Austrian hydrocarbons group, has announced a slight decline in its net profit for the year 2024. The company's financial results reflect a decrease in its margins in an economic environment marked by energy price volatility.
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