Petrobras restarts oil trade with Vitol and others after two years
The company will spend $40 bn between 2021 and 2025 on capital...
Oil and Gas
Abu Dhabi National Oil Company carries out placement to institutional investors
The placement will boost ADNOC Distribution’s free float to 20 percent...
Tanzania, Uganda to construct new East African crude oil pipeline
The cost requirement for the commercial production of the 1,445-km long pipeline...
Iraqi government plans to boost processing capacity of its oil refiners
Baiji refinery’s capacity is expected to increase from 75,000 bpd to 280,000...
Mexico plans to halt new oil exploration and production
Mexico will possibly reduce its production target due to low oil production...
Pemex is focused on boosting oil revenue
The government of Mexico is betting on new oil explorations amid the...
Global oil market recovers with rise in Chinese oil demand
Chinese imports of US crude oil surged in August...
Total signs security pact with Mozambique to establish natural gas project
The new project will generate $50 billion revenue for Mozambique in the...
Aramco to open corporate development organisation in Saudi Arabia
The company’s second quarter profit slumped by 73 percent...
Petronas plans to acquire DoublePoint Energy
DoublePoint Energy pumps about 55,000 barrels of oil a day...