State oil

Crude Oil

Petrobras Books $8.35 bn Q1 Loss Amid 'Worst Crisis in 100 Years'

State oil company Petrobras on Thursday reported a big loss in the first quarter of the year.

Oil&Gas Drilling

SOCAR Starts Drilling New Well at Umid Gas Field

The State Oil Company of Azerbaijan has started drilling a new well at the Umid-1 platform of the Umid field, the company told local media on May 5.

Oil Price

Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel

Saudi Arabia's state oil giant Aramco has set the May price for its Arab light crude oil to Asia at a discount of $7.3 to the Oman/Dubai average.

Crude Oil

Oil Refiners May Have to Shut a Few Units

State oil companies have told the government they will have to shut down a few refineries if the nationwide lockdown is extended beyond April 14, people familia…

Crude Oil

Mexico Rejects Global Plan To Cut Oil Production

The deadly price war and coronavirus cocktail that threw most of the global industry into a panic seems to have missed one of the large national players: Mexico…

Oil & Gas Trade

Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels

Shares of Saudi state oil company Aramco (2222.SE) slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading…

Oil & Gas Trade

US hits Russian Firm in Bid to Squeeze Venezuela

​The United States imposed sanctions on a subsidiary of Russian state oil major Rosneft and its president on Tuesday for allegedly helping the Venezuelan gover…

Oil & Gas Trade

Venezuela's PDVSA to Deliver Gasoline to Fuel-starved OPEC Nation

With an emoji of a flexing bicep, Venezuelan state oil company Petróleos de Venezuela, S.A., or PDVSA, on Tuesday celebrated what was once a routine task in th…

Saudi Aramco Targets Sale of 0.5% of Oil Firm to Retail Investors in IPO

Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with …

EKOL Engineering Services Cjsc

Ekol Engineering Services CJSC was established according to the agreement signed between State Oil Company of Azerbaijan Republic and foreign investor -Lancer S…

Bos Shelf LLC

BOS SHELF LLC is the company formed by Star Gulf FZCO and the State Oil Company of Azerbaijan Republic. BOS Shelf is 100% Azerbaijani company and part of SOCAR …

Oil & Gas Trade

​U.S. Oil Major Chevron Says Hopeful About Maintaining Venezuela Presence

U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oi…

Sinopec Builds China’s First Multi-Fuel Hydrogen Station

China Petrochemical Corp, or Sinopec Group, has built a pumping station in south China that combines hydrogen-filling and retail sales of conventional fuels, th…

The State Oil Company of the Azerbaijan Republic (SOCAR)

The State Oil Company of the Azerbaijan Republic (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas …