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Major Oil Companies Under Pressure for Transparency on Gas Flaring Emissions
A report reveals that CO2 emissions linked to gas flaring by oil companies are underestimated. Groups such as Sonatrach, BP, and TotalEnergies face accusations of opaque practices regarding these polluting releases.
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Major Oil Companies Under Pressure for Transparency on Gas Flaring Emissions
A report reveals that CO2 emissions linked to gas flaring by oil companies are underestimated. Groups such as Sonatrach, BP, and TotalEnergies face accusations of opaque practices regarding these polluting releases.
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ConocoPhillips obtains authorization to seize PDVSA payments in Trinidad
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.
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ConocoPhillips obtains authorization to seize PDVSA payments in Trinidad
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.
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Pemex ships first petroleum coke export from Olmeca refinery to India
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.
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Pemex ships first petroleum coke export from Olmeca refinery to India
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.
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Kazakhstan: Oil Sector Delays Hamper Growth Prospects
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.
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Kazakhstan: Oil Sector Delays Hamper Growth Prospects
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.
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Exxon: Gregory Goff takes the lead of Amber Energy for Citgo’s acquisition backed by Elliott
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.
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Exxon: Gregory Goff takes the lead of Amber Energy for Citgo’s acquisition backed by Elliott
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.
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High-Sulfur Petcoke Price Decline Reshapes the Asian Market
High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.
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High-Sulfur Petcoke Price Decline Reshapes the Asian Market
High-sulfur petcoke prices are plummeting due to China's withdrawal from this segment, pushing producers to seek new markets in India and Turkey.
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Saudi Aramco raises $3 billion in sukuk to maintain dividends
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.
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Saudi Aramco raises $3 billion in sukuk to maintain dividends
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.
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Saudi Arabia abandons hopes of $100 oil price
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.
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Saudi Arabia abandons hopes of $100 oil price
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.
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Russia: export ban on petrol and diesel may be lifted if there is a surplus
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.
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Russia: export ban on petrol and diesel may be lifted if there is a surplus
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.
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Putin strengthens ties with BRICS and OPEC+ in retaliation
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.
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Putin strengthens ties with BRICS and OPEC+ in retaliation
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.
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OPEC+ considers production increase, 3% fall in oil prices
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.
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OPEC+ considers production increase, 3% fall in oil prices
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.
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ExxonMobil invests $10 billion in offshore project in Nigeria
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.
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ExxonMobil invests $10 billion in offshore project in Nigeria
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.
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FTC prevents John Hess from joining Chevron board after merger
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.
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FTC prevents John Hess from joining Chevron board after merger
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.
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Chinese recovery temporarily boosts Asian diesel market
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.
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Chinese recovery temporarily boosts Asian diesel market
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.
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Petrobras expands in Africa: New opportunities in Namibia and Angola
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.
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Petrobras expands in Africa: New opportunities in Namibia and Angola
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.
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Congo and Ghana sign energy cooperation agreement
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.
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Congo and Ghana sign energy cooperation agreement
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.
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Military tensions paralyze South Sudan’s oil exports
The blockage of South Sudan's oil exports, crucial to its economy, continues due to military tensions in Sudan, involving the Rapid Support Forces.
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Military tensions paralyze South Sudan’s oil exports
The blockage of South Sudan's oil exports, crucial to its economy, continues due to military tensions in Sudan, involving the Rapid Support Forces.
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Eni steps up exploration in Libya’s Ghadames Basin
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.
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Eni steps up exploration in Libya’s Ghadames Basin
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.
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BP in India: New opportunities and strengthened energy partnerships
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.
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BP in India: New opportunities and strengthened energy partnerships
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.
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Russia: Novorossiisk port dispute, Magomedov loses to Transneft
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.
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Russia: Novorossiisk port dispute, Magomedov loses to Transneft
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.
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Libya: New appointment to the Central Bank, key to the oil crisis
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.
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Libya: New appointment to the Central Bank, key to the oil crisis
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.
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Brazil: Prio and Sinochem negotiate 40% stake in Peregrino
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.
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Brazil: Prio and Sinochem negotiate 40% stake in Peregrino
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.
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BRICS accelerate energy exchanges and de-dollarization
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.
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BRICS accelerate energy exchanges and de-dollarization
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.
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Kazakhstan boosts Tengiz while consolidating ties with OPEC+.
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.
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Kazakhstan boosts Tengiz while consolidating ties with OPEC+.
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.
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Greenpeace obtains judicial review of North Sea projects
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.
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Greenpeace obtains judicial review of North Sea projects
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.
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Emirates: Gulf Navigation strengthens its oil capacity in Fujairah with Brooge
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.
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Emirates: Gulf Navigation strengthens its oil capacity in Fujairah with Brooge
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.
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