Oil company

LNG

Adnoc’s Low-Carbon LNG Growth Project to Move Forward in Al Ruwaisadnoc’s Growth Project to Move Forward in Al Ruwais

UAE’s Abu Dhabi National Oil Company (ADNOC) has decided that its low-carbon LNG growth project will move forward in the Al Ruwais Industrial City, Al Dha…

Biofuel

Spain’s Cepsa Teams up With Apical to Build $1-B Biofuels Plant

Spanish oil company Cepsa teamed up with vegetable oil processor Apical Group’s Bio-Oils unit to build a second-generation biofuels plant in southern Spai…

Oil&Gas Drilling

Halliburton Backs Repsol With Well Construction Suite

Spanish oil company Repsol has implemented a well construction solution from Halliburton in order to automate and streamline its well design process.Illustratio…

Natural Gas

Rosneft’s Natural Gas Output Rose by 15% In 2022 (Russia)

The Russian state-owned oil company Rosneft has released its 2022 results, posting a net profit of RUB813bn (US$10.5bn, -7.9% compared to 2021). The group produ…

Oil & Gas Trade

Venezuelan Oil Minister Resigns on Investigation

Venezuela's oil minister Tareck El Aissami offered his resignation after three years in the post in the wake of a corruption investigation into state-owned …

Oil & Gas Trade

BP Posts Record Profit and Raises Dividend on Oil Price Boost

Fuel prices at a BP filling station in Liverpool. BP will invest up to $1 billion a year in 'high quality' oil and gas projects. PAOil company BP has po…

Oil Pipeline

Former Petrobras Official To Lead Brazil’s State Run Oil Company

President-elect Lula da Silva names Jean Paul Prates to head the company amid renewables pushBrazil's president-elect Lula da Silva, announced that senator …

Oil & Gas Trade

​AD Ports Group Signs Major Agreements With Kazakh National Oil Company Subsidiary

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 28th Dec, 2022) AD Ports Group has signed a shareholder agreement with KMTF (Kazmortransflot), a fully-owned…

United Arab Emirates

UAE's ADNOC, Taqa and Mubadala Complete Masdar Stake Deal

Abu Dhabi's National Oil Company [RIC:RIC:ADNOC.UL], Taqa (TAQA.AD) and Abu Dhabi sovereign wealth fund Mubadala Investment Company said on Thursday they would …

ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal

Abu Dhabi National Oil Company (ADNOC) and Malaysia's Petroliam Nasional Berhad (Petronas) on Monday signed a deal awarding the first concession in the Middle E…

Brazil

Brazil's Transition Team Asks Petrobras CEO to Suspend Company's Divestment Plan

Brazil's government-elected transition team asked state-run oil company Petrobras' Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestm…

Crude Oil

UAE's ADNOC to Cut 5% of Dec Crude Volumes to Term-Buyers in Asia - Sources

Abu Dhabi National Oil Company (ADNOC) will cut 5% of the December crude oil supply to some term-lifters in Asia but will provide full contractual volumes in Ja…

Solar Power Plant

Eni Launches Solar Lab and PV Plant to Decarbonise Oil Operations in Algeria

Italian oil major Eni and Algerian state-owned oil company Sonatrach have inaugurated a Solar Lab and laid the first stone of a new 10MW PV plant in the Bir Reb…

Mexico

Mexico's Pemex to Work With EPA to Bring Down Methane Emissions

Mexican state oil company Pemex said Saturday that it would work with the U.S. Environmental Protection Agency (EPA) to reduce greenhouse gas emissions - especi…

Crude Oil

Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut

Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ…