Category: News

Chevron has been granted a restricted licence by the US to resume limited operations in Venezuela.

The Brazilian oil industry is facing a period of uncertainty as shipments to the US have been suspended following President Donald Trump’s announcement of a 50% tariff on Brazilian exports.

The CNOOC has announced the commencement of production at the Dongfang 1-1 gas field 13-3 Block Development Project.

Bilfinger has secured a five-year framework contract to provide insulation services and digital solutions at a key oil refinery in Belgium.

Petrobras, the Brazilian state-run oil firm, has reported a significant 7.6% increase in its oil production during the second quarter, reaching 2.32 million barrels per day (mbbl/d) in Brazil.

The Boskalis and Allseas consortium has secured a significant contract from CPC Corporation Taiwan for the construction of a new offshore natural gas pipeline Yongan to Tongxiao.

Mexico has reportedly placed $12bn in a debt offering aimed at supporting Petroleos Mexicanos (Pemex), the country’s state oil producer.

Spire has entered into an agreement to acquire the Tennessee local distribution company business of Piedmont Natural Gas, a subsidiary of Duke Energy, for $2.48bn on a cash-free, debt-free basis.

PTSC South East Asia (PTSC SEA) has signed a lease and operate contract for a new FSO unit, set to bolster the Vietnam Block B gas project.

Naftogaz Group has entered into a first agreement with SOCAR Energy Ukraine to import Azerbaijani natural gas.