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Oil & Gas Trade
Carlyle Hires Goldman Sachs for Lukoil Asset Bid
U.S. private equity firm Carlyle has engaged Goldman Sachs to assist with its potential acquisition of international assets from Russian oil company Lukoil. Thi…
Photovoltaic (PV)
Petrobras Enters Brazil Solar Energy Segment in Deal for 49.99% of Lightsource BP Subsidiaries
Brazil's state-run oil company Petrobras has entered into an agreement to purchase a 49.99% stake in the Brazilian subsidiaries of Lightsource bp, as announ…
Oil & Gas Trade
Saudi Aramco and Sonatrach Cut LPG Osps for Nov by 3-4%
Saudi Arabia’s state oil company Aramco and Algeria’s national energy firm Sonatrach have reduced their official selling prices (OSPs) for liquefied…
Natural Gas
Ecopetrol, Petrobras Announce Joint Venture to Market Natural Gas From Colombia’s Sirius Project
Colombia’s state-owned energy company Ecopetrol and Brazil’s national oil company Petrobras announced on Thursday a partnership to jointly market na…
Brazil
Brazil’s Petrobras Set to Supply 20% of Country’s Demand for Nitrogen Fertilizers in 2026
Brazil’s state-controlled oil company Petrobras announced that it will be able to supply about 20% of the nation’s nitrogen fertilizer demand next y…
Oil Refinery
SOCAR Agrees to Buy Oil Refiner Italiana Petroli, Sources Say
Italiana Petroli’s founding Brachetti-Peretti family has agreed to sell the oil refiner to the State Oil Company of Azerbaijan (SOCAR), handing the buyer …
Nuclear Power Plant (NPP)
Polish Oil Company Orlen to Build Small Nuclear Power
On August 28, 2025, Polish oil company Orlen announced plans to construct the country’s first small modular nuclear reactor (SMR) in Wloclawek, a town in …
Crude Oil
China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say
On Thursday, industry sources announced that China’s Zhenhua Oil will double its crude oil offtake from the Abu Dhabi National Oil Company (ADNOC) to 200,…
SAF
Argentina’s YPF to Invest $400 Million in Sustainable Jet Fuel Venture
YPF, Argentina’s state-owned oil company, revealed plans to invest approximately $400 million in a new joint venture to produce and distribute sustainable…
Kuwait
KBR Wins Feed Contract for Heavy Oil Program in Kuwait
KBR has secured a contract to deliver front-end engineering design (FEED) services for Phase 1 of the Kuwait Oil Company’s (KOC) heavy oil program at the …
Crude Oil
Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades
In June, Mexico's state-owned oil company, Pemex, experienced a 39% decrease in crude oil exports compared to the previous year, marking the lowest export l…
Natural Gas
Trio Lands $5B Contracts to Support ADNOC’s Gas Output Expansion
ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company, has finalized its investment decision for the first phase of the Rich Gas Development (RGD) project, …
Oil Refinery
Petroecuador Declares Emergency at Ecuador’s Biggest Refinery After Fire Damages
Petroecuador, Ecuador’s state-owned oil company, announced a 60-day emergency at the Esmeraldas refinery, the country’s largest, on Thursday, follow…
Metal
Rosneft Acquires Tomtor Rare Earth Deposit in Russia
Rosneft, a major Russian oil company, has fully acquired Vostok Engineering, the operator of the Tomtor rare earth metal deposit in northern Yakutia, Siberia, a…
Crude Oil
Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows
Venezuela’s state-owned oil company, PDVSA, has started exporting a heavy crude oil grade previously handled by Chevron since 2022, according to maritime …
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