Sources say that Chevron, KEO, ENI, and Primavera will sign energy agreements in Venezuela very soon.
Two sources close to the preparations say that oil?producers Chevron & ENI, as well as investors KEO Capital and Primavera will sign energy 'agreements' in Venezuela by Wednesday. The majority of these pacts are project expansions which have…
Sources say that firms including Chevron and ONGC are on the verge of signing final pacts with Venezuela.
Five sources said that after a'months-long' process of negotiations, U.S. firms Chevron & GE Vernova as well as India's ONGC and Italy's Eni, Colombia's GeoPark, are 'on track' to sign the final 'agreements' in Venezuela. Sources said that most…
SLB has access to Venezuelan oilfield data via contract, say sources
Three sources said that a contract signed by SLB with Venezuela's PDVSA, the state-run oil company in Venezuela, last week gave the U.S. technology and oil services company access to oilfield data from the nation with the largest crude reserves.
Chief economist says India should bring fuel back with lower ethanol blend
A top government advisor has said that India should bring back fuel with a lower blend of ethanol. This is the first time a senior official has called for more fuel options in response to growing consumer anger over a controversial policy change.
Iran will restore 95 mcm/day gas production by the end of September
The oil ministry announced a Tuesday that Iran would restore 95 mcm per day in 'gas production capacity, as it repairs the energy infrastructure damaged by the war against Israel and the United States. A senior government official stated in…
Oil companies sign agreements in Venezuela but delays persist
Four?sources? involved in the preparations say that Venezuelan officials and oil executives are moving ahead with the migration of dozens joint ventures into a new framework approved as part of a government reform. However, there is still a…
Sources say that oil executives are rushing to complete the contract migration in Venezuela.
Four sources said that the Venezuelan oil ministry told the?partners?of the state energy company PDVSA it would maintain the deadline of July 28 to migrate oil contracts to the new legal framework it approved in January. The oil ministry urged executives to finish the negotiations.
Official: Iran will restore 100 million cubic meters of lost gas production in the coming months
According to the Shana news outlet of the oil ministry, an 'important government official' said that Iran will restore natural gas production to around 100 mcm per day in the next few months. Since the U.S. and Israeli strikes on Iran late in February…
Shell plans to drill at Venezuela's offshore gas field in 2027, according to sources
Shell has started tendering drilling services for its Dragon off-shore gas project in eastern Venezuela. This is part of a plan to begin drilling four wells here?in the second quarter of 2027. People say that the contract should be awarded before the end of September.
Shell plans to drill at Venezuela's offshore gas field in 2027, according to sources
Shell has begun tendering drilling services for its Dragon off-shore gas project in eastern Venezuela. This is part of a plan to start drilling 'four wells in this area in the second quarter 2027. People familiar with the process say that the contract should be awarded before the end of September.
OPEC Oil Producer Group Membership Timeline
Sources told Reuters on Thursday that Iraq had considered leaving the Organization of Petroleum Exporting Countries (OPEC) if it's?oil output quota was not increased. This comes weeks after the United Arab Emirates left the organization. Since late 2016…
Firefighters say that the Petrochemical Complex in Venezuela has restarted following the earthquake.
The local chief of fire fighters said that the?Moron Petrochemical Complex in Venezuela, the second largest in the country, would restart?on Friday?after an?preventive shut down due to earthquakes which caused damage to infrastructure. The quakes…
Officials say that Iraq has increased the crude oil production from its southern oilfields to 2.1 million barrels per day.
Two Iraqi oil officials said on Tuesday that the country has increased its output from the'southern oilfields' to around 2.1 million barrels per day. This is because more tankers are lining up at the Gulf export terminals of the country. Officials…
Oil minister: India needs to know how long fuel retailers will be able to sustain losses.
Hardeep Singh Puri, the oil minister, said that India would at some point need to assess how long it can continue selling fuels below market prices. The Middle East conflict has disrupted the supply of petrol and diesel, but governments have kept pump prices low to protect consumers from inflation.
As contracts are re-examined, companies dust off oil rigs that have been stored in Venezuela
Four sources said that oilfield service companies have started removing equipment and rigs from Venezuelan warehouses to be assembled and repaired. This is because the government has begun reviewing contracts for oil and gas that could result in new?activity.
Venezuela delays new oil contracts as investors wait
Two sources said that energy companies evaluating whether or not to invest in Venezuela were waiting for the OPEC nation’s oil ministry to release specific contract models which would provide terms and conditions to continue, expand,or start businesses in Venezuela.
Document shows India wants to double its capacity and reduce steel emissions by 25%.
India's steel mills plan to reduce carbon emissions by around a quarter in the next decade, and to reduce their reliance on coal. The world's second largest producer of the alloy plans to double its output. According to a draft of a cabinet note from March 10 that was reviewed by the.
India buys Iranian oil for the first time in seven years without any payment issues
The oil ministry announced on Saturday that Indian refiners had purchased Iranian oil?amid a Middle East conflict which has?disrupted supplies via the Strait of Hormuz. India, the world's third largest oil importer and user, hasn't received a shipment from Tehran since May 2019. This is due to U.S.
Shell is in advanced talks with Venezuela about more gas fields, sources claim
Shell has advanced discussions with Venezuelan government about developing four large areas in the vicinity of Trinidad and Tobago in two of South America's largest offshore gas fields. Two people familiar with these discussions confirmed this.
India Buys First Iraian LPG Since US Removes Sanctions
India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three industry sources said.India had shunned energy purchases from Iran in 2019 under pressure from Western sanctions.