State oil

Natural Gas

PetroChina Strikes Big Gas Find in China Xinjiang's Junggar Basin

This marks another breakthrough in the state oil firm's natural gas development in the region, following a similar-sized discovery at Tarim basin in September l…

Crude Oil

The OPEC Producer Looking To Sell A Stake In Its Oil Company

OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem…

Oil Field

Nigeria's NNPC Says First Oil Flowing from Anyala Offshore Field

Nigerian state oil company NNPC and First E&P have begun oil production at the Anyala oilfield, NNPC announced on Thursday.

Oil & Gas Trade

Saudi Gas Production Jumps To Record

Saudi Arabia produced a record volume of natural gas earlier this year, the Kingdom’s state oil giant Aramco said in its Q3 results release on Tuesday.

Nigeria

Nigeria Considers Privatizing Its State Oil Firm

Nigeria will look to privatize its state oil firm Nigerian National Petroleum Corporation (NNPC) under a draft new petroleum law currently in Parliament for dis…

Mexico

Mexico May Delay Energy Reform

Mexico could delay its planned energy sector reform until next year after President Andres Manuel Lopez Obrador asked regulators this week to help prop up state…

China

China's National Oil Companies Outline Early Green Energy Plans

China's top state oil and gas producers - PetroChina, Sinopec Corp and CNOOC Ltd are working on the following green initiatives.

Mexico

Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions

Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy.

Ukraine

Ukraine’s Naftogaz to Boost Energy Independence, Efficiency with EU Help

Ukraine’s state oil and gas company Naftogaz and the Finance Ministry have concluded a loan agreement with Ukraine’s biggest international financial investor.…

Saudi Arabia

Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend

State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.

Crude Oil

Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision

An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted …

Oil & Gas Trade

Venezuela Restarts Gasoline Output At Only Operating Refinery

Venezuela's state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world's largest oil reserves that is …

Oil Price

Rising Diesel Prices Set New Record

Diesel prices soared to a record on Friday while petrol prices rose to their highest in 19 months after state oil companies increased rates for the thirteenth t…

Oil Price

Bulgaria to Set up a State-Owned Oil Company

Bulgaria plans to set up a state oil company to manage oil and fuel warehouses and set up filling stations across the country to increase competition.

Oil & Gas Trade

CNOOC Waives Pre-Emption Rights on Delayed Ugandan Oil Project

Chinese state oil giannt CNOOC has waived its right to pre-empt the sale of a major oil field farm-out deal in Uganda to France's Total, project partner Tullow …