Energy & Oil

Tuesday, May 24th 2022 - 08:55 UTC
Ukraine war: Poland wants Norway to share windfall gains from oil and gas sales

Norway which is western Europe’s largest oil and gas producer, and also has one of the largest sovereign funds in the world, should share the huge profits it has made from oil and gas exports since the Russian invasion of Ukraine, Poland’s prime minister Mateusz Morawiecki said over the weekend, according to Tsvetana Parakova from Oilprice.
Saturday, May 21st 2022 - 23:03 UTC
US refineries purchasing more oil and fuel from Mexico, Colombia and Argentina

Complying with President Jose Biden's administration sanctions on Russia, United States refiners imported some 1.3 million barrels per day (bpd) of Latin American crude and fuel oil, the highest level in seven months, according to US customs data.
Thursday, May 19th 2022 - 09:04 UTC
Peruvian prosecutors to seek extradition of oil spill case tanker captain

Peruvian authorities are seeking the extradition of the captain of the Italian-flagged Mare Doricum oil tanker, whom Repsol accuses of being responsible for the maneuvers that resulted in the oil spill at the La Pampilla refinery, 4 kilometers from the Ventanilla district.
Wednesday, May 11th 2022 - 09:00 UTC
Germany's largest gas importer accepts Moscow terms and pays in Euros/Rubles

Despite the rules agreed by the European Commission, one of Germany's largest natural gas importers, VNG, has opened an account with Gazprombank for payments for Russian gas under Moscow's new terms, in Euros then converted into Rubles helping the Russian currency to recover its value.
Monday, May 9th 2022 - 19:28 UTC
OPEC Chief visits Venezuela to bolster bilateral ties

OPEC Secretary-General Mohammed Barkindo has visited Venezuela to strengthen bilateral ties between the rich oil-producing South American country, which is one of the 13 countries that make up the Organization of Petroleum Exporting Countries (OPEC).
Wednesday, May 4th 2022 - 09:16 UTC
ANCAP importing gas to make up for short supply in Uruguay

Uruguay's state-run oil company ANCAP Tuesday announced that as a result of a power cut at the La Teja refinery coupled with unionist protests, the company had been forced to activate an emergency import from Argentina of 60 lorries of cooking gas in addition to two shipments to secure supply.
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.