Energy & Oil

• Wednesday, May 4th 2022 - 09:04 UTC

  Beijing boasts Chinese companies purchase Russian coal and oil paying with Yuans

  

  Several Chinese companies purchased Russian coal paying in Chinese currency in March, and the first shipment would be made in April, according to Fenwei Energy Information Service Co., China’s leading information and service provider to the coal and coke industries. This is also the first shipment of Russian commodities paid in Yuan to arrive in China after Russia was sanctioned by Western countries.

• Tuesday, May 3rd 2022 - 20:18 UTC

  Paraguay turns down Venezuelan oil – climate change “an absurdity”

  

  Paraguay is making a statement as its stances on certain issues are being raised above circumstantial conditions that would advise against holding on no matter what to one's convictions.

• Monday, May 2nd 2022 - 19:53 UTC

  Iranian Petroleum Minister visits Venezuela to deepen bilateral ties

  

  Petroleos de Venezuela SA (PDVSA) CEO Asdrúbal Chávez has met in Caracas with Iran's Petroleum Minister Javad Owji to sign bilateral agreements between two countries heavily damaged by US-imposed sanctions.

• Tuesday, April 26th 2022 - 09:43 UTC

  Guyana's first million barrels sale from the Liza Unity production platform

  

  Guyana has sold a cargo of one million barrels of its newest crude to ExxonMobil for US$106 per barrel, which was the first share for the government from the newly operational Liza Unity production platform operated by Exxon, according to Tsvetana Paraskova from Oilprice.com.

• Saturday, April 23rd 2022 - 10:55 UTC

  Navitas banned from Argentina for twenty years for operating in Falklands' waters

  

  Israel's Navitas Petroleum has been banned from all activities in Argentina for the next twenty years for involvement in the hydrocarbons industry in the Falklands/Malvinas zone without Argentine permission.

• Friday, April 22nd 2022 - 09:53 UTC

  Argentine President launches construction of new gas pipeline

  

  Argentine President Alberto Fernández Thursday launched the “Néstor Kirchner” gas pipeline project during a ceremony at the Loma Campana field in Vaca Muerta, province of Neuquén.

• Wednesday, April 20th 2022 - 10:05 UTC

  Rockhopper and Israel's Navitas as operator, agree to develop Sea Lion project

  

  Rockhopper Exploration and Navitas Petroleum have reached an agreement by which the Israeli company becomes the operator of the promising Sea Lion project located north of the Falkland Islands. This lays the basis for a new technical and financing plan for a lower-cost development of the Sea Lion area.

• Wednesday, April 20th 2022 - 09:40 UTC

  Exxon Mobil drilling offshore in Brazil's Sergipe/Alagoas basin with a potential of a billion barrels

  

  United States Exxon Mobil Corp. is drilling in a new area offshore in the northeast of Brazil that could have as much as a billion barrels of oil and gas equivalent, according to its partner Murphy Oil.

• Saturday, April 16th 2022 - 09:48 UTC

  Brazilian scientists find new way to capture carbon from the atmosphere

  

  According to a report published Friday by Agencia Brasil, a group of scientists from that country has found new techniques which could be of use in forest recovery and increase the capture of carbon from the atmosphere. April 15 was Brazil's National Soil Conservation Day.

• Saturday, April 16th 2022 - 08:43 UTC

  OPEC minimum oil production increase during March

  

  OPEC oil production increased by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle East, reports Tsvetana Paraskova for Oilprice.