State oil

Carbon Capture

Algeria's State Oil and Gas Firm Sonatrach Plans $1 Billion Project for Natural Carbon Storage - Ennahar

A view of the headquarters of the state energy company Sonatrach in Algiers, Algeria November 25, 2019. Picture taken November 25, 2019. REUTERS/Ramzi Boudina/F…

Carbon Emissions

Japan, Petronas to Discuss Storing Japanese CO2 in Malaysian Sites

TOKYO : The Japanese government and Malaysia's state oil firm Petronas on Wednesday agreed to discuss how to export carbon dioxide (CO2) emitted in Japan to…

Oil & Gas Trade

Nigeria's NNPC, Oil Majors Agree to Shorten Talks on Contracts

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…

Oil & Gas Trade

Malaysia's Petronas Poised to Clinch $1.6 BN Deal for Stake in India's Am Green

Picture used for illustrative purposes only.Malaysia’s state oil giant Petronas is close to clinching a $1.6 billion deal for a 25 per cent stake in the a…

Offshore Wind Power

Petrobras Unveils 23 GW Wind Power Play Offshore Brazil

Petrobras has unveiled plans to develop wind farms offshore Brazil with a potential capacity of up to 23 GW, including a floating wind project in Rio de Janeiro…

Oil & Gas Trade

Brazil's Petrobras Seals Cooperation Deal With Chinese Oil Giant

Brazil’s state energy major Petrobras has inked a strategic cooperation deal with China’s state oil major CNOOC.The deal, Reuters reports, citing a …

Petronas reports 6 oil and gas discoveries off Sarawak coast

Malaysia state oil company Petroliam Nasional Berhad, or Petronas, said on Monday it has made six oil and gas discoveries in five blocks off the coast of Sarawa…

Oil&Gas Drilling

Totalenergies Starts Gas Production in Absheron Field in Azerbaijan

TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announce the start of production of the first phase of development of the …

Oil Field

Pertamina and Partners to Invest $800M in Algerian Oil Field

The Menzel Lejmat Nord oil field in Algeria has a production capacity of 35,000 barrels of crude per day. (Photo courtesy of Pertamina)JAKARTA -- Indonesian sta…

OPEC

OPEC+ Meeting to Take into Account Market Conditions – Iraqi Official

The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq's state news agency quoted Saadoun Mohsen, a senior official …

Oil Field

Chinese Oil Giant Spends $1.9 Billion on 5% Stake of Huge Brazilian Oilfield

China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, t…

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…

Oil Pipeline

Curbing Oil Theft Has Helped Pipeline Availability, Nigeria LNG Says

Nigeria LNG said there had been an improvement in the availability of some oil pipelines since the government and state oil firm NNPC LTD stepped up efforts in …

Oil Price

Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol

The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures s…