ConocoPhillips secures contract for shallow-water blockWebAdminFebruary 22, 2021 by WebAdminFebruary 22, 2021ConocoPhillips has secured the contract with 85 percent interest, while Petronas Carigali, the sole partner of Petronas on the offshore block, holds 15 percent...Read more
Mexico plans to revamp oil hedgePritam BordoloiFebruary 19, 2021February 19, 2021 by Pritam BordoloiFebruary 19, 2021February 19, 2021The country is expected to foil oil market swings including speculations from others in the marketplace...Read more
Panoro signs $180 mn deal for Tullow Oil acquisitionPritam BordoloiFebruary 15, 2021 by Pritam BordoloiFebruary 15, 2021It will acquire a 14.24 working interest in Equatorial Guinea’s Block G and a 10 percent working interest in Gabon’s Dussafu Marin permit...Read more
Iraq in talks to build crude oil storage facilities in ChinaPritam BordoloiFebruary 15, 2021 by Pritam BordoloiFebruary 15, 2021The recent developments are part of Iraq’s plan to boost oil sales in Asia...Read more
Egypt set to launch new oil and gas exploration bid roundInternational Finance Business DeskFebruary 12, 2021 by International Finance Business DeskFebruary 12, 2021Nine exploration and production agreements were signed prior to the bid announcement...Read more
China’s CNOOC to raise capex to 7-year highPritam BordoloiFebruary 8, 2021 by Pritam BordoloiFebruary 8, 2021This is attributed to a 5% increase in domestic output...Read more
Petrobras continues divestment; sells Polo Urucu gas fieldInternational Finance Business DeskFebruary 3, 2021 by International Finance Business DeskFebruary 3, 2021Eneva has established gas fields such as the Polo Gavioes which account for nearly 10 percent of Brazil's thermal power generation capacity...Read more
Petrofac lands new 5-year North Sea contract with IneosPritam BordoloiFebruary 1, 2021 by Pritam BordoloiFebruary 1, 2021It will build on its current operations and support services through the new deal...Read more
Highs and lows in Kenya’s oilInternational Finance Business DeskJanuary 19, 2021January 19, 2021 by International Finance Business DeskJanuary 19, 2021January 19, 2021It is reported that the National Oil Corporation of Kenya could lose the mandate of managing strategic petroleum reserves...Read more
Rising Covid-19 cases worldwide to impact oil demand recoveryPritam BordoloiJanuary 18, 2021 by Pritam BordoloiJanuary 18, 2021Crude prices have continued to rally in January after hitting $50 per barrel in 2020...Read more