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ConocoPhillips secured the right to seize payments from PDVSA related to the Dragon gas project between Trinidad and Venezuela. This decision is part of ongoing efforts to recover a $1.33 billion debt linked to the nationalization of its assets.
ConocoPhillips secured the right to seize payments from PDVSA related to the Dragon gas project between Trinidad and Venezuela. This decision is part of ongoing efforts to recover a $1.33 billion debt linked to the nationalization of its assets.
Pemex’s new Olmeca refinery has exported its first 112,000 barrels of petroleum coke to India. This shipment marks a step forward for the project despite doubled costs and commissioning delays.
Pemex’s new Olmeca refinery has exported its first 112,000 barrels of petroleum coke to India. This shipment marks a step forward for the project despite doubled costs and commissioning delays.
Kazakhstan, a major oil player in Central Asia, is facing production challenges due to delays in its key projects, limiting its ability to meet objectives and comply with OPEC+ quotas.
Kazakhstan, a major oil player in Central Asia, is facing production challenges due to delays in its key projects, limiting its ability to meet objectives and comply with OPEC+ quotas.
Gregory Goff, member of the board of directors at Exxon Mobil, is now at the head of Amber Energy, an entity affiliated with Elliott Investment Management, in the context of the acquisition of Citgo, a Venezuelan-owned oil refiner, for an estimated amount of USD 7.28 billion.
Gregory Goff, member of the board of directors at Exxon Mobil, is now at the head of Amber Energy, an entity affiliated with Elliott Investment Management, in the context of the acquisition of Citgo, a Venezuelan-owned oil refiner, for an estimated amount of USD 7.28 billion.
High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.
High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.
Saudi Aramco has raised $3 billion via a sukuk issue, despite a drop in oil production. The funds raised are intended to support the company's dividend commitments and capital expenditure projects.
Saudi Aramco has raised $3 billion via a sukuk issue, despite a drop in oil production. The funds raised are intended to support the company's dividend commitments and capital expenditure projects.
Saudi Arabia is changing its oil strategy, abandoning its target of $100 a barrel in order to increase production and regain market share, despite a likely drop in prices.
Saudi Arabia is changing its oil strategy, abandoning its target of $100 a barrel in order to increase production and regain market share, despite a likely drop in prices.
Russian Deputy Prime Minister Alexander Novak announces that Russia could lift the gasoline export ban if a supply surplus is found in a stable domestic market.
Russian Deputy Prime Minister Alexander Novak announces that Russia could lift the gasoline export ban if a supply surplus is found in a stable domestic market.
Vladimir Putin has announced the strengthening of energy alliances between Russia, the BRICS and OPEC+, with the aim of stabilizing the global energy market, despite the sanctions imposed by the West in response to the conflict in Ukraine.
Vladimir Putin has announced the strengthening of energy alliances between Russia, the BRICS and OPEC+, with the aim of stabilizing the global energy market, despite the sanctions imposed by the West in response to the conflict in Ukraine.
Oil prices fall by 3% as OPEC+ forecasts a production increase as early as December. Saudi Arabia abandons its target of $100 per barrel, putting pressure on the markets.
Oil prices fall by 3% as OPEC+ forecasts a production increase as early as December. Saudi Arabia abandons its target of $100 per barrel, putting pressure on the markets.
ExxonMobil injects $10 billion into the development of the Owo project in Nigeria. This initiative aims to increase oil production and consolidate the group's offshore operations in the country.
ExxonMobil injects $10 billion into the development of the Owo project in Nigeria. This initiative aims to increase oil production and consolidate the group's offshore operations in the country.
The Federal Trade Commission imposes restrictions on Chevron as part of its acquisition of Hess Corporation, preventing John Hess from sitting on the board of directors to limit the risk of collusion and preserve competition in the sector.
The Federal Trade Commission imposes restrictions on Chevron as part of its acquisition of Hess Corporation, preventing John Hess from sitting on the board of directors to limit the risk of collusion and preserve competition in the sector.
The Asian diesel market is benefiting from a one-off rise thanks to Chinese monetary stimulus, but uncertainty persists with weakened fundamentals and a contangoing market structure.
The Asian diesel market is benefiting from a one-off rise thanks to Chinese monetary stimulus, but uncertainty persists with weakened fundamentals and a contangoing market structure.
After a temporary withdrawal, Petrobras is reinvesting in Africa with key holdings in São Tomé and Príncipe, and plans additional projects in Namibia and Angola, thus strengthening its position in the African oil market.
After a temporary withdrawal, Petrobras is reinvesting in Africa with key holdings in São Tomé and Príncipe, and plans additional projects in Namibia and Angola, thus strengthening its position in the African oil market.
SNPC and GNPC have signed a strategic agreement to strengthen their collaboration in the oil and gas sectors, with a particular focus on energy infrastructure development and energy transition.
SNPC and GNPC have signed a strategic agreement to strengthen their collaboration in the oil and gas sectors, with a particular focus on energy infrastructure development and energy transition.
The blockage of South Sudan's oil exports, crucial to its economy, continues due to military tensions in Sudan, involving the Rapid Support Forces.
The blockage of South Sudan's oil exports, crucial to its economy, continues due to military tensions in Sudan, involving the Rapid Support Forces.
Eni, the Italian oil company, is launching new exploration activities in Libya's Ghadames Basin, with the aim of exploiting under-exploited oil resources despite the country's political instability.
Eni, the Italian oil company, is launching new exploration activities in Libya's Ghadames Basin, with the aim of exploiting under-exploited oil resources despite the country's political instability.
BP is strengthening its presence in India through a series of strategic initiatives, in collaboration with Reliance Industries and Oil and Natural Gas Corporation (ONGC). The aim is to increase local oil and gas production to meet the country's growing demand and enhance energy security.
BP is strengthening its presence in India through a series of strategic initiatives, in collaboration with Reliance Industries and Oil and Natural Gas Corporation (ONGC). The aim is to increase local oil and gas production to meet the country's growing demand and enhance energy security.
The Stockholm Arbitration Court's rejection of Ziyavudin Magomedov's claim against Transneft closes a major dispute surrounding the strategic port of Novorossiisk. This decision illustrates the legal tensions in the Russian energy sector.
The Stockholm Arbitration Court's rejection of Ziyavudin Magomedov's claim against Transneft closes a major dispute surrounding the strategic port of Novorossiisk. This decision illustrates the legal tensions in the Russian energy sector.
Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.
Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.
Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field. The deal, valued at $1.9 billion, could significantly boost Prio's production.
Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field. The deal, valued at $1.9 billion, could significantly boost Prio's production.
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.
Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.
Diamondback Energy and Kinetik Holdings acquire a 30% stake in the EPIC Crude pipeline, strengthening their transport capabilities in the Permian Basin and optimizing crude oil flows to the Gulf Coast.
Diamondback Energy and Kinetik Holdings acquire a 30% stake in the EPIC Crude pipeline, strengthening their transport capabilities in the Permian Basin and optimizing crude oil flows to the Gulf Coast.

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