Brazil is gaining prominence outside Asia as oil demand surges
The country's fuel consumption has exceeded pre-virus levels and is expected to be more resilient than last year...
Tag : oil and gas
UK urged to end oil and gas exploration in North Sea
The country is competing with Denmark’s recent decision to stall North Sea exploration to secure its position as a ‘credible climate champion’...
Mexico receives $2.5 bn from 2020 sovereign oil hedge
The country will cash in on its oil price insurance, and it will be for the fourth time in the last two decades...
Kuwait Oil Company set to award $754 mn contracts
The contracts are part of KOC’s efforts to expand its drilling, exploration and development operations...
Venezuela resumes oil shipments to China despite US sanctions
China is the biggest buyer of Venezuelan crude...
Adnoc to spent $122 bn in 5 years to boost output
The budget was recently approved by Abu Dhabi’s Supreme Petroleum Council...
GeoPark set to sell 10% stake in Manati gas field to Gas Bridge
The total transaction is R$144.4 million, including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million...
China eyes Exxon-owned oil fields in Iraq
Both China National Petroleum Corporation and China National Offshore Oil Corporation are interested in the West Qurna 1 oil field...
Iraq’s rising oil exports to 2.8 mn bpd shows optimism
The country had exported 2.613 million bpd of oil and its revenue had reached $3.43 billion in September...