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Oil firm
Crude Oil
Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire
Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people,
Australia
Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm
Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion, in a deal that would create a top-20 global oi…
CCS
Chevron’s Carbon Capture Project Falls Short Of Requirements
The world’s largest oil firms may need to be careful relying on carbon capture and storage to reduce emissions from operations as much as they would like.
Solar Power Plant
Russian Oil Firm Energises 20MW Solar Plant Featuring Hevel Heterojunction Modules
Oil and gas company Lukoil has commissioned a 20MW PV plant that features heterojunction modules from Hevel and has been constructed at a refinery in Russia’s …
SINOPEC
China's Sinopec, Great Wall to Develop Hydrogen Energy
China's state-controlled oil firm Sinopec has signed a strategic co-operation framework agreement with domestic automotive manufacturer Great Wall Holdings to d…
Oil Price
Angola May Privatize State-Owned Oil Firm To Boost Production
OPEC member Angola was Africa’s top oil producer six years ago when oil prices crashed in 2015-2016, slashing oil-producing countries’ revenues and forcing in…
Mexico
Mexican State Oil Firm Pemex Reports $23 Billion Loss in 2020
The company said it had faced "the worst crisis in its history" last year due to the health crisis sweeping the planet.
Oil & Gas Trade
Iran: Foreign Oil Firms Must Accept New Terms To Work In Country
Foreign energy firms and contractors have to accept Iran’s new terms and conditions if they return to work in the country, Iran’s Oil Minister Bijan Zanganeh …
Natural Gas
PetroChina Strikes Big Gas Find in China Xinjiang's Junggar Basin
This marks another breakthrough in the state oil firm's natural gas development in the region, following a similar-sized discovery at Tarim basin in September l…
Crude Oil
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem…
Oil Price
ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts
Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, …
Nigeria
Nigeria Considers Privatizing Its State Oil Firm
Nigeria will look to privatize its state oil firm Nigerian National Petroleum Corporation (NNPC) under a draft new petroleum law currently in Parliament for dis…
Mexico
Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions
Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy.
Oil & Gas Trade
Venezuela Looks To Ease Gasoline Shortage By Restarting Production Units
Venezuela’s state-owned oil firm PDVSA looks to restart another gasoline-producing unit soon, hoping to ease the gasoline shortages in the country.
Azerbaijan Stuck to Opec+ Quota in July
Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-o…
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