Petrol

Egypt

Egypt, Cyprus sign framework agreement for cooperation on natural gas

President Abdel Fattah El Sisi and his Cypriot counterpart Nikos Christodoulides on March 30, witnessed the signing of a framework agreement for cooperation on …

Sri Lanka

Sri Lanka expects to finalize Russian oil purchase deal next week

March 25 Sri Lanka expects to finalize a deal to purchase Russian oil and petroleum products next week, head of the state fuel company Ceylon Petroleum Corporat…

Mongolia

Mongolia wants to increase imports of oil, petroleum products from Kazakhstan

March 23 - The authorities of Mongolia and Kazakhstan have signed a memorandum of understanding with the aim of developing cooperation in the energy and mining …

Natural Gas

Petrobras finds more gas on deepwater block offshore Colombia

Petrobras and Ecopetrol have discovered natural gas in the Copoazu exploration area of the deepwater block GUA-OFF-O in the Caribbean Sea, located 36 kilometers…

Oil Exploration

Hungary and Slovakia agree to build fuel pipeline

Hungary and Slovakia signed an agreement in Brussels on March 16 to construct an oil products pipeline connecting refineries owned by MOL Group in the two count…

CNPC Chairman Dai Houliang Meets with Turkmenistan's Deputy Prime Minister Agazhanov

Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), met with Serdar Agazhanov, Deputy Prime Minister of Turkmenistan, in Beijing. The two sid…

BPCL Commissions Compressed Biogas (CBG) Plant in Brahmapuram, Kochi, India

Bharat Petroleum Corporation Limited (BPCL) inaugurated its Compressed Biogas (CBG) plant in Brahmapuram, Kochi, Kerala, India. The CBG plant inauguration was p…

EU Electric Vehicle Sales Surpass Petrol Cars for the First Time, Marking a Market Turning Point

According to the latest data released by the European Automobile Manufacturers' Association (ACEA), new registrations of battery-electric vehicles in the EU…

Venezuela Officially Launches Liquefied Petroleum Gas Exports

On January 16, Venezuelan Acting President Delcy Rodríguez announced at the National Productive Economy Council meeting that Venezuela has signed contrac…

Contract Signed for New Subsea Pipeline Construction at Turkey's Sakarya Gas Field

Italian energy engineering company Saipem has recently signed a new contract worth approximately $425 million with the Turkish Petroleum Offshore Technology Cen…

Crude Oil

Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez

Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, recently visited the Gulf of Suez region to inspect the drilling progress of Well No. 133…

Natural Gas

Egypt and Lebanon Sign Memorandum of Understanding on Natural Gas Supply

Officials from Egypt and Lebanon signed a memorandum of understanding in Beirut on December 29, aimed at facilitating the supply of Egyptian natural gas to Leba…

LNG

Australia’s Woodside Signs Binding LNG Supply Deal With Turkey’s Botas

Australia's Woodside Energy announced on Monday that it has entered into a binding supply agreement with Turkey's state-owned petroleum company BOTAS. T…

LNG

Malaysia’s Petronas Signs LNG Supply Deal With China’s CNOOC

Malaysian state-owned energy company Petroliam Nasional Berhad (Petronas) announced on Wednesday that it will supply Chinese offshore oil and gas company CNOOC …

Oil Shale

Japanese Company Buys U.S. Shale Assets for $1.3 Billion

Japan Petroleum Exploration Co. (JAPEX) has agreed to acquire U.S. shale oil and gas producer Verdad Resources Intermediate Holdings for $1.3 billion. The trans…