Venezuelan state oil company PDVSA and Spain's Repsol have signed an agreement to amend the terms of their joint venture, Petroquiriquire, which aims to increase crude and gas output and accelerate debt repayment.
TotalEnergies has reaffirmed its commitment to business interests in Nigeria as TotalEnergies' head, Patrick Pouyanne, met with Nigeria's President Bola Tinubu in Abuja.
Russia has announced that it will deepen its oil export cuts, potentially by 50,000 barrels per day (bbl/d) or more.
Crescent Petroleum, a leading energy company headquartered in the UAE, has announced its plans to invest up to $1 billion in Iraq as part of a deal with the Iraqi government.
China is set to conduct sea trials for its first ocean research drilling vessel, the Mengxiang.
Shell has announced its agreement to sell its 37.5% stake in the PCK Schwedt oil refinery to Britain's Prax Group to distance itself from the political tensions surrounding the refinery's majority owner, Russia's Rosneft.
ADNOC and OCI have announced a sale and purchase agreement for the acquisition of OCI's majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East & North Africa, and an early mover in sustainable ammonia, with production facilities in Egypt, Algeria and the UAE.
TotalEnergies, QatarEnergy, and Petronas have signed a production sharing contract with Staatsolie Maatschappij Suriname (Staatsolie), the state-owned oil company of Suriname in South America, for Block 64.
Iraq's South Refineries Company has successfully operated its fourth refining unit, producing 50,000 barrels per day (bbl/d) of oil, said Hamid Younis, the Undersecretary of the Ministry of Oil for Refining Affairs.
Venezuela's state oil company PDVSA and US oil major Chevron have requested a 15-year extension for two of their joint ventures from the country's oil ministry, said Deputy Minister Erick Perez.
