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Advancing Venezuelan crude oil alters demand for Mexican fuel oil in the Gulf
Gulf refineries prioritize Venezuelan crude, displacing Mexican HSFO to the offshore blending market.
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Hungary releases emergency oil in response to Druzhba pipeline suspension
The interruption of supplies from Russia is forcing Hungary to mobilize reserves and consider new energy routes to maintain internal stability.
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Turkey questions legality and opposes Greece’s hydrocarbon activities
Turkey’s Ministry of National Defense has expressed a strong stance against Greece’s recent awards for the exploration of energy resources in southern Crete. The core of…
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BOEM proposes next BBG3 lease auction in the Gulf of America
The country guarantees affordable energy for its industry and reduces vulnerability to foreign markets.
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Hungary considers cutting off Ukraine’s energy supply
Hungary and Slovakia make energy supplies conditional on resumption of the flow of the Druzhba pipeline, suspended after a Russian attack
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THREE60 Energy, Innovair and Oil States team up for offshore caisson integrity
A single technical alliance manages end-to-end caisson integrity on mature offshore platforms.
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Argentina expands the RIGI to boost Vaca Muerta
The incentive regime will now include unconventional oil and gas production projects, with tax and exchange benefits for 30 years.
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Repsol reveals that Venezuela owes it more than 5.4 billion USD
Repsol reported that Venezuela owes it more than USD 5.4 billion for energy supplies and joint agreements.
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Libya awards fuel supply contracts to Western firms
The country replaces crude oil with direct tenders and displaces Russia from the Libyan energy market.
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SLB positions itself as a key partner in offshore gas development in Indonesia
SLB will perform critical services to extract deepwater gas from Tangkulo and strengthen Indonesia's energy supply.
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Nigeria to redirect all oil revenues to the Federation Account
Oil proceeds will no longer be subject to deductions before reaching the national budget.
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Conpet operator confirms cyberattack and Qilin claims data theft
Qilin claims to have stolen 1 TB of data from Conpet after compromising internal systems without affecting logistics operations.