State oil

LNG

Adnoc Signs Agreements to Supply LNG and Diesel to Germany

State oil company will deliver the first LNG shipment in late 2022 to a floating import terminal near Hamburg

Oil Refinery

Venezuela’s Second Largest Refinery Resumes Gasoline Production

Venezuela's state oil and gas company PDVSA has restarted gasoline production at the country's second largest refinery after repairing a breakdown.

Crude Oil

Saudi Aramco Profit Soars on Higher Prices and Refining Margins

State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…

Clean Energy Transition

Malaysia’s Petronas Launches Clean Energy Firm to Lead Carbon-Free Push

Malaysia's Petronas on Thursday announced the establishment of a new clean energy solutions company, Gentari, as part of a global push by the state oil firm to …

LNG

Ukraine Signs Deal to Buy LNG, Green Hydrogen From Quebec

Ukrainian state oil and gas company Naftogaz has announced a deal to buy liquefied natural gas (LNG) and green hydrogen from Quebec, beginning in just five year…

Russian Federation

Norway's Equinor Confirms Trading Halt in Russian Oil

Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of …

Crude Oil

Norway's Equinor Halts Trading Russian Oil

Norwegian state oil company Equinor has stopped trading Russian oil as it winds down operations there in the wake of Moscow's invasion of Ukraine, Chief Executi…

Natural Gas

Saudi Arabia Announces Discovery of Five Natural Gas Fields

Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as th…

Oil&Gas Drilling

Indian State Oil Giant To Significantly Expand Oil Exploration

Indian state firm Oil and Natural Gas Corporation plans to raise fourfold its exploration and production acreage by 2025

Crude Oil

China Oil Demand Seen Peaking In 2030

Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested.

Oil Refinery

Mexico’s Pemex Secures $500m in New Funding to Help It Take Over Texas Refinery

The acquisition would secure critical fuel supplies for the state oil company

Oil Price

Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers

Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…

Angola

Angola Kicks Oil Privatization Into Overdrive

Angola is seeking buyers for state insurer ENSA as part of a privatization drive that also includes the partial sale of state oil major Sonangol.

Oil Exploration

Adnoc and Petronas Agree to Explore Oil and Gas Opportunities in Abu Dhabi

The two state oil companies will look at exploration and production possibilities in the emirate

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.