Oil company

Energy Investment

Brazil's Petrobras Hikes Fuel Prices After 'Abrupt' Global Spike

A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/ Acquire …

CCS

Santos progresses 10 million tpa offshore CCS project via tie-up with Timor-Leste national oil company

Australia’s Santos is teaming up with Timor-Leste’s national oil company Timor Gap to explore partnership opportunities for the proposed Bayu-Undan …

Oil Price

Brazil's Petrobras Beats Profit Forecast, $3 Bln Payout Announced

Brazil's state-run oil company Petrobras logo is pictured at its building in Rio de Janeiro, Brazil July 17, 2023. REUTERS/Ricardo MoraesSAO PAULO, Aug 3 (R…

Oil & Gas Trade

NPCC Lands $219M Adnoc Offshore Epc Project Contract

National Petroleum Construction Company (NPCC) has announced that it has received a letter of award from Abu Dhabi National Oil Company (Adnoc) Offshore for a c…

Petronas reports 6 oil and gas discoveries off Sarawak coast

Malaysia state oil company Petroliam Nasional Berhad, or Petronas, said on Monday it has made six oil and gas discoveries in five blocks off the coast of Sarawa…

Oil&Gas Drilling

Totalenergies Starts Gas Production in Absheron Field in Azerbaijan

TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announce the start of production of the first phase of development of the …

Saudi Arabia

Petrofac Lands $700M Adnoc Epc Contract for Gas Plant

Petrofac, a leading international service provider to the energy industry, has been signed up by Adnoc Gas Processing, a key subsidiary of Abu Dhabi National Oi…

Oil & Gas Trade

Altera Shuttle Tankers Fixes Suezmax to Petrobras for Five Years

Altera Shuttle Tankers has sealed a deal with Brazil’s state-owned oil company Petrobras for the charter of its 2013-built suezmax Lambada Spirit.The company d…

Crude Oil

CGX, Frontera Announce Major Oil Discovery off Guyana

The discovery adds to the growing bonanza in this promising frontier regionPUBLISHED JUN 28, 2023 10:50 PM BY THE MARITIME EXECUTIVECanadian oil company CGX and…

Oil&Gas Drilling

Kuwait Oil Company to Invest $43 Billion on New Oil Projects, CEO Says

Kuwait intends to expand production by nearly 200,000 barrels per day

Oil Field

Pertamina and Partners to Invest $800M in Algerian Oil Field

The Menzel Lejmat Nord oil field in Algeria has a production capacity of 35,000 barrels of crude per day. (Photo courtesy of Pertamina)JAKARTA -- Indonesian sta…

Green Hydrogen

Petrobras and Unigel Forge Alliance for Green Hydrogen Ventures in Brazil

Petrobras, the Brazilian oil company, has entered into a two-year non-binding confidentiality agreement with chemical company Unigel to explore joint ventures f…

Green Hydrogen

Galp Poised to Make Final Investment Decision on 100 MW Green Hydrogen Unit

Portugal’s leading oil company, Galp, is on track to make a final investment decision by the end of the year regarding its first 100-megawatt (MW) green h…

Oil & Gas Trade

Kuwait’s Oil Company Seeks to Exit Norway

Kuwait's overseas oil and gas division has launched a sale process for its Norwegian assets as part of its focus on newer exploration and production hubs, i…

Crude Oil

Adnoc to Supply Full Crude Volumes to Asian Buyers in July

The Abu Dhabi National Oil Company (Adnoc) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady from…