State oil

Oil Price

Saudi Arabia Cuts Oil Prices

Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the …

Geothermal Heating Project

SOCAR Green Makes Key Deals for Geothermal Potential Evaluation in Azerbaijan

SOCAR Green, the green energy subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR), has signed two key deals along the sidelines of the COP29 …

Solar project

ADB to Provide $160 Million to Finance 760 MW of Solar in Azerbaijan

The Asian Development Bank (ADB) has agreed on a $160 million financing package for two solar projects in southeastern Azerbaijan, totaling 760 MW. Abu Dhabi-ba…

Wind Farm

Masdar, ACWA, and Socar Eye 3.5 GW of Wind Projects Offshore Azerbaijan

Abu Dhabi-based Masdar, Saudi Arabia’s ACWA Power, and the State Oil Company of the Republic of Azerbaijan (SOCAR) have teamed up to explore the developme…

Oil&Gas Drilling

Ecuador’s Petroecuador Launches Bidding Process for Offshore Gas Field

A gasoline station of Ecuador's state oil company Petroecuador is pictured, in Quito, Ecuador June 21, 2024. REUTERS/Karen Toro/File Photo Purchase Licensin…

Hydrogen Project

ADNOC to Take 35% Stake in Exxon’s Texas Hydrogen Plant

ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing RightsAbu Dhabi state oil gia…

Oil & Gas Trade

BP, ADNOC Meet Cyprus Officials to Explore East Med Gas Investments

Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsRepresentative…

Oil & Gas Trade

Azerbaijani Socar Launches Gas Exports to Slovenia

The State Oil Company of Azerbaijan (SOCAR) has launched gas exports to Slovenia, Trend reports via SOCAR's statement.SOCAR and Geoplin, the largest company…

Oil&Gas Drilling

Bolivia’s YPFB to Invest $400 Million to Drill at Latest Natural Gas Discovery

The logo of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is seen behind a worker at Mayaya Centro-X1, in Caranavi, Bolivia July 16, 2024. REUTERS/…

Oil Field

Aramco Signs Over $25 Billion of Deals for Main Gas Network and Jafurah Gas Field

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Purchase Licensing RightsSaudi Ara…

Oil & Gas Supply

Nigeria's Aiteo Resumes Production After Leak at 50,000 Bpd Oilfield

Nigerian energy firm Aiteo has resumed production after stopping an oil leak at its nearly 50,000 barrels per day (bpd) Nembe field earlier this week in souther…

LNG

Totalenergies, NNPC to Invest $550 Mln in Nigeria Gas Facility, Source Says

The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo Purchase Licensin…

Oil & Gas Trade

Algeria's Sonatrach, China's Sinopec Sign MoU to Expand Cooperation - Statement

The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 25, 2019. Picture taken November 25, 2019. REUTERS/R…

Crude Oil

Mexico's Pemex Reverses Proposed Crude Export Cuts for May, Sources Say

The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Purc…

Oil & Gas Trade

Oil Inches up After U.S. Reimposes Venezuela Oil Sanctions

El Palito refinery of the Venezuelan state oil company PDVSA is pictured, in Puerto Cabello, Venezuela February 10, 2024. REUTERS/Leonardo Fernandez Viloria/Fil…