Saudi Aramco's CEO Amin Nasser said on Monday that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.Saudi…
Malaysian FPSO leasing company Yinson Production said Monday it had secured a $230 million term loan facility in relation to FPSO Maria Quitéria Yinson is delivering for Petrobras in Brazil.The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”)…
Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28…
Romanian National Agency for Mineral Resources has endorsed the Development Plan for OMV Petrom's Domino and Pelican South commercial natural gas fields in the Neptun Deep offshore block in the Black Sea.'Consequently, the Neptun Deep project enters the development phase…
Anasuria Hibiscus UK Limited, a UK-subsidiary of the Malaysian oil firm Hibiscus Petroleum has received a Development and Production Works Consent to a Field Development Plan (“FDP”) for the Teal West field in the UK North Sea.The consent was granted by the UK energy industry regulator…
Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil.Yinson acquired the FPSO through the acquisition of AFPS B…
Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook…
Oil prices were steady on Friday, but on track for a fifth straight week of gains, with investors optimistic, healthy demand and supply cuts will keep prices buoyant.Risk appetite in wider financial markets has been fuelled by growing expectations…
Brazilian state-run oil company Petrobras said on Wednesday its second-quarter crude oil production fell 0.6% compared to the same period last year. The firm pumped 2.10 million barrels per day (bpd) between April and June, it said in a securities filing…
Shell and TotalEnergies reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakenedOil and gas prices soared last year in the wake of Russia's invasion of Ukraine…
The chief executive officer of Mexican state energy oil Pemex on Wednesday sought to downplay an oil spill in the Gulf of Mexico this month, saying it was quickly fixed and less serious than academics had calculated.Pemex has been under intense…
Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves. With European gas storages currently 85% full and rising…
U.S.-based oil company Hess said Wednesday it had made an oil discovery at the Pickerel-1 exploration well in the U.S. Gulf of Mexico.The well is located in Mississippi Canyon Block 727, where Hess holds a 100% stake.The well encountered approximately 90 feet of net pay in high quality…
PT Bumi Pratiwi Hulu Energi (Prima Energi), an Indonesian-based upstream oil company, has acquired full ownership of the Northwest Natuna Production Sharing Contract (PSC) via its purchase of AWE (AAL) NZ, AWE Northwest Natuna and AWE Holdings Singapore…
Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni ENI.MI will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.Indonesia has seen…
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