An Iranian bombing in Saudi Arabia against the largest oil company in the world spiked crude prices
An Iranian drone attack on Saudi Arabia's Ras Tanura refinery caused significant disruptions and increased fears of military retaliation, impacting global oil prices.
Nigeria: Family Ties, Fortune Divides - Court Hands Indimi Daughters $43.51m in Oriental Energy Row
A Federal High Court in Nigeria has ordered Oriental Energy Resources to pay $43.51 million to Ameena and Zara Indimi due to a dispute over their ownership stakes in the company.
Court orders Greenpeace to pay 345 million dollars to American oil pipeline company
Greenpeace has been ordered by a court in North Dakota to pay 345 million dollars in damages to the operator of the Dakota Access oil pipeline.
Carlos Slim Takes Over Macavil, the 'Crown Jewel' of Pemex's Mixed Contract Round
Carlos Slim has secured a major contract with Pemex, further strengthening his relationship with the state-owned oil company in Mexico.
Friendship transported Ukrainian and Russian oil before the January attack
The article discusses the transport of both Ukrainian and Russian oil by the Russian pipeline company Druzhba prior to a notable attack in January.
United Kingdom sanctions Brazilian company for link to 'ghost fleet' of Russian oil
The United Kingdom has sanctioned a Brazilian company accused of connections with a 'ghost fleet' trading Russian oil, which allegedly funds the war against Ukraine.
The US requests the seizure of tankers and 1.8 million barrels of crude oil from Venezuela
The US is seeking the seizure of the Motor Tanker Skipper and approximately 1.8 million barrels of crude oil linked to Venezuela's state company PDVSA due to alleged illegal activities.
US-based ex-NNPC official jailed 87 months for bribery
A former Nigerian oil official has been sentenced to 87 months in prison in the United States for accepting a $2.1 million bribe from a Swiss oil company.
Miguel Galuccio's oil company analyzes RIGI for Vaca Muerta and reduces its costs
Vista Energy is considering applying for the RIGI incentive regime to enhance exploration and production activities in Vaca Muerta, following recent governmental approvals.
MOL issued an ultimatum to JANAF, Šušnjar responded: 'We do not agree to blackmail'
Hungarian oil and gas company MOL Group has accused JANAF of violating EU regulations by refusing to transport Russian crude oil not covered by sanctions, leading to a governmental response from Croatian Economy Minister Ante Šušnjar.
Angola's Sonangol in talks with China for $4.8 billion refinery loan
Angola's state oil company Sonangol is negotiating a $4.8 billion loan with Chinese institutions to fund a new refinery in Lobito, marking a significant shift in their borrowing practices since 2017.
Lukoil to Bulgarians: You must buy Russian oil
Lukoil's trading company Litasco announced that Bulgaria's measures against it violate the Energy Charter Treaty, following Bulgaria's suspension of Russian oil imports and handling of Lukoil's assets.
Tinubu’s executive order blocks N2tn NNPC fees
President Bola Tinubu's executive order bans the deduction of management fees by the Nigerian National Petroleum Company Limited, affecting substantial revenue streams for the Nigerian federation.
Company linked to Banco Master bought share in oil well
Rubicão S.A., a company connected to Banco Master, acquired a 60% stake in an oil exploration field in Itaparica, Bahia.
Company news filter: Another shoemaker is going bankrupt, Fico's disinformation about oil is escalating, and Slovak taxes are ruining Kofola's European business
The article discusses Slovak Prime Minister Robert Fico's controversial statement regarding electricity supplies to Ukraine amidst the ongoing oil crisis stemming from a Russian attack.
FG probes NNPC, targets blockage of revenue leakage
The Nigerian Federal Government is conducting an investigation into the Nigerian National Petroleum Company Limited's financial activities to address revenue leakage issues.
Forensic audit of NNPC ongoing – Edun
The Nigerian Minister of Finance announced that a forensic audit of the National Petroleum Company is currently being conducted to enhance transparency in oil revenue management.
NNPC boss Ojulari bags UK energy institute fellowship
Bayo Ojulari, CEO of Nigerian National Petroleum Company, has been awarded a Fellowship from the Energy Institute in the UK, marking a significant achievement in the global energy sector.
Shutdown of the Druzhba oil pipeline: Hungary will tap into strategic oil reserves
Hungary will release 250,000 tons of oil from its strategic reserves due to the suspension of supplies through the Druzhba pipeline, prioritizing its state-owned company MOL.
Hungary will release 250,000 tons of oil from reserves, prioritized by MOL
Hungary is set to release 250,000 tons of oil from its reserves, with the MOL company getting priority access.
US expands oil license in Venezuela to include French company Maurel & Prom along with five multinationals
The US government has expanded a petroleum license in Venezuela to include the French firm Maurel & Prom, joining five other multinational companies already allowed to operate.
Tinubu orders NNPC to remit oil taxes, royalties directly
President Bola Tinubu has issued an Executive Order mandating the Nigerian National Petroleum Company to directly remit taxes and royalties to fiscal authorities, suspending previous fees collected.
Venezuelan state oil company starts pilot plan to sell Super Premium gasoline of 97 octane for $1 per liter
Venezuelan state oil company PDVSA has launched a pilot program to sell Super Premium gasoline at $1 per liter in select stations in Caracas.
European stocks rise, tracking company earnings, data
European stock markets increased as investors evaluated corporate earnings reports and economic data, with oil prices also rising and anticipation for US Federal Reserve meeting minutes looming.
Petralon Advances Marginal Field with Shell Support
Shell Western Supply and Trading has expressed confidence in Petralon Energy's operations after the company achieved first oil at the Dawes Island Field.
Fallen Prices Hit—Bankruptcies of Russian Oil Companies Flood In
The bankruptcy of 'First Oil Group', a company formerly associated with SIBUR's Jakov Goldovskij, highlights the financial turmoil faced by Russian oil firms following sanctions and falling prices.
France Released Oil Tanker It Had Stopped, Owner Paid Millions in Fines
France released an oil tanker it had detained after the owning company paid hefty fines imposed by a Marseille court.
After Paying a Fine, France Released a Suspected Tanker of Russia's Shadow Fleet
France has released a tanker suspected of being part of Russia's shadow fleet after imposing a financial penalty on its operating company.
Čepro had the best economic results in the history of the company last year
The article discusses Čepro's record-breaking economic performance in the past year.
Orlen summarizes the first year of strategy implementation
Orlen, a Polish oil and gas company, summarizes the first year of its 2035 strategy implementation, focusing on gas acquisition and renewable energy investments.
Fars News Agency on the Iranian National Oil Company: The three tankers stopped by India do not belong to us
The Iranian National Oil Company stated that three tankers halted by India do not belong to them, according to Fars News Agency.
Iran denies connection to oil tankers seized by India
Iran's national oil company denies any link to three oil tankers seized by India during February, amidst allegations they were under U.S. sanctions related to Iran.
Company newsfilter: IKEA will open smaller stores, a major merger is emerging in the waste business, and Martin is losing more factories
The article discusses Slovakia's ongoing issues with dependence on Russian oil and the recent disruption of supplies following a Russian attack on the Druzhba oil pipeline.
– Every company should have a crazy person on top
Nicolai Tangen, the head of Norway's Oil Fund, argues that the Norwegian business sector is lagging in artificial intelligence (AI) adoption, advocating for its pivotal role in enhancing productivity and trading.
Reuters: U.S. Valero to import 6.5 million barrels of oil from Venezuela
Valero Energy, an American company, plans to buy 6.5 million barrels of Venezuelan crude oil in March 2024, becoming the largest foreign oil refiner in Venezuela since the arrest of President Nicolas Maduro.
Oil, Eni receives a license from Trump to explore in Venezuela. The Italian among the five majors
Eni, the Italian oil company, has received a license from the U.S. to explore oil in Venezuela, joining four other major companies in revitalizing the nation's oil sector.
Chevron can increase oil production in Venezuela to 300,000 barrels per day, according to the US
US Energy Secretary Chris Wright stated that Chevron has the potential to raise its oil production in Venezuela to 300,000 barrels per day following his visit to the company's operational fields in the country.
Ambitious Plan: The Fourth Largest Oil Company in the World Joins the Project to Export Gas from Vaca Muerta
The fourth largest oil company in the world, XRG, has officially joined a project led by YPF to export natural liquefied gas from Argentina's Vaca Muerta region, securing an agreement with Eni.
Pemex Seeks Energy Self-Sufficiency with Trion and Sama; Experts Say It Could Take Between 10 and 15 Years
Mexican oil company Pemex aims for energy self-sufficiency through strategic projects like Trion and Sama, but experts caution that financial and operational challenges may delay progress.
Foreign Policy: The Chancellor Moves Forward Boldly - But Where To?
German Chancellor Friedrich Merz emphasizes the urgent need for order in foreign policy amid global chaos during a visit to the Abu Dhabi National Oil Company headquarters.
The political balances that coexist in YPF's board
The article discusses the political dynamics and appointments within the board of YPF, Argentina's state oil company, under Javier Milei's administration.
London-listed Rosebank in £2.2bn US takeover talks
Rosebank, a London-listed oil and gas company, is reportedly in discussions for a US takeover valued at £2.2 billion.
Visit of the US Energy Secretary to Venezuela: Focus on PdVSA and the country's future
US Energy Secretary Chris Wright is set to visit Venezuela to engage with the new leadership and discuss the future of the state oil company PdVSA amidst political and geopolitical challenges.
Ukraine: Naftogaz reports that its facilities were hit by Russian raids for the second day
Russian attacks have damaged the facilities of Ukraine's state oil and gas company Naftogaz for the second consecutive day, according to the company’s CEO.
'Killing Winter Sports': Stars Demand the Olympics Drop Deal with Oil Company
Top winter sports athletes are calling for an end to sponsorship deals with major oil companies, arguing they are harming the environment and the integrity of winter sports.
Pemex awards contract for gas and condensate field to Slim's company: Reuters
Mexican state-owned Pemex has awarded a contract for a crude oil and natural gas field to a company controlled by Carlos Slim, further consolidating his influence in the energy sector.
A new twist in the sale of Teboil's parent company
The sale of Lukoil, Teboil's parent company, is facing new developments with interest from at least two companies, including U.S. energy giant Chevron, despite Carlyle Group's initial agreement to buy its foreign operations.
Why NNPC pulled the plug on refineries — Ojulari
Bayo Ojulari, CEO of the Nigerian National Petroleum Company, discusses the company's strategic changes in response to energy transition and domestic supply challenges during a recent interview.
Turkey: Agreement signed by Turkish Petroleum and Chevron for oil and gas exploration
Turkey's state energy company Turkish Petroleum and U.S. oil giant Chevron signed a memorandum of understanding to assess potential collaborations in oil and gas exploration and production.
Turkey signs agreement with Chevron for global oil and gas exploration and production
Turkey's state petroleum company and Chevron have signed a memorandum of understanding to explore and produce oil and natural gas in Istanbul.