Five board members of Petrobras to step down after CEO’s exit
Brazilian President Jair Bolsonaro ousted CEO Roberto Castello Branco following a string of fuel price increases...
Tag : oil and gas
NYSE begin formal delisting of Chinese oil giant CNOOC
CNOOC can appeal the delisting decision if the company chooses to...
ConocoPhillips secures contract for shallow-water block
ConocoPhillips has secured the contract with 85 percent interest, while Petronas Carigali, the sole partner of Petronas on the offshore block, holds 15 percent...
Mexico plans to revamp oil hedge
The country is expected to foil oil market swings including speculations from others in the marketplace...
Panoro signs $180 mn deal for Tullow Oil acquisition
It 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...
Iraq in talks to build crude oil storage facilities in China
The recent developments are part of Iraq’s plan to boost oil sales in Asia...
Egypt set to launch new oil and gas exploration bid round
Nine exploration and production agreements were signed prior to the bid announcement...
Asian refiners’ bets on European crude cargo after Saudi oil output cut
The trading unit of Chinese oil a gas major Sinopec, Unipec has acquired four North Sea crude shipments this week...
Qatar Petroleum signs contract for North Field LNG project expansion
The LNG supplier wants to boost output by 40% a year by 2026...
China’s CNOOC to raise capex to 7-year high
This is attributed to a 5% increase in domestic output...