State oil

Oil & Gas Trade

Kazmunaygas, Socar to Ink Agreement to Boost Kazakh Oil Transit Through Azerbaijan - Magzum Mirzagaliyev (Exclusive Interview)

KazMunayGas, the national oil and gas company of Kazakhstan, and SOCAR, Azerbaijan's State Oil Company, will sign an agreement to increase the transportatio…

Oil&Gas Drilling

Argentina State Oil Firm YPF to Invest $3 Bln in Shale in 2024

A view shows YPF Tower, a day after Argentina's runoff presidential election, in Buenos Aires, Argentina November 20, 2023. REUTERS/Agustin Marcarian Purcha…

Oil&Gas Drilling

Saudi Arabia Announces Major Gas Discovery at Jufurah Field

Saudi Arabia announced a major gas discovery on Sunday at the state oil company Aramco's Jufurah field.Energy Minister Prince Abdulaziz bin Salman said an a…

Oil Price

Russian Oil Producer Rosneft's Annual Profit Surges to $14 Billion

File photo: People walk past a logo of Russian state oil company Rosneft during a heavy snowfall in Moscow, Russia December 3, 2023. REUTERS/Maxim Shemetov/File…

Pakistan

Pakistan Secures Second LNG Cargo From Azerbaijan

ISLAMABAD: Pakistan has succeeded in securing a second Liquefied Natural Gas (LNG) cargo from the State Oil Company of the Azerbaijan Republic (SOCAR) for deliv…

COP28

Azerbaijan Minister and State Oil Company Veteran to Lead COP29 Climate Talks

Azerbaijan's Minister of Ecology and Natural Resources Mukhtar Babayev speaks during the United Nations Climate Change Conference (COP28) in Dubai, United A…

Oil & Gas Trade

Venezuela's PDVSA, Chevron Request 15-Year Extension for Two Joint Ventures

A unit of Venezuela's state oil company PDVSA and U.S. oil major Chevron (CVX.N) have requested a 15-year extension for two of their joint ventures from the…

Hydrogen Production

ADNOC and SOCAR Unite for Low-Carbon Solutions, Hydrogen in Spotlight

UAE’s Abu Dhabi National Oil Company (ADNOC) and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA…

Oil & Gas Supply

Venezuela Producing 850,000 Bpd of Oil, Hopes to Recover Market Share in US

Workers stand in front of a drilling rig at an oil well operated by Venezuela's state oil company PDVSA in Morichal July 28, 2011. REUTERS/Carlos Garcia Raw…

Oil & Gas Trade

Venezuela's PDVSA Offers Corocoro Crude Cargo Through Intermediary -Sources

The logo of the Venezuelan state oil company PDVSA is seen at a gas station in Caracas, Venezuela August 10, 2016. REUTERS/Marco Bello/File Photo Acquire Licens…

Carbon Capture

Indonesia's Pertamina, Chevron Agree to Share Data to Develop Carbon Storage Facility

A worker walks past a car at a state-owned Pertamina petrol station in Bekasi, on the outskirts of Jakarta, Indonesia, May 31, 2020. REUTERS/Willy Kurniawan/Fil…

Solar Power Plant

ACWA Power, Masdar and Socar Join Forces for 500 MW Re Projects in Azerbaijan

The projects in the Nakhchivan Autonomous Republic will propel Azerbaijan’s net-zero goals.Three major energy companies – Saudi-based power generati…

Oil & Gas Trade

Nigeria restores 275,000 bpd production at totalenergies JV

A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. …

Oil & Gas Trade

PDVSA, Maurel & Prom Sign Pact for Oil, Gas Development in Venezuela

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsVenez…

Crude Oil

Nigeria's State Oil Firm Launches New 'Nembe' Grade of Crude

The new logo of the privatised Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja, Nigeria August 30, 2022. REUTERS/Afolabi Sotunde/File Photo Ac…