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.
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.
Nigeria to redirect all oil revenues to the Federation Account
Oil proceeds will no longer be subject to deductions before reaching the national budget.
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.
Chevron and HELLENiQ ENERGY sign offshore exploration agreements in Greece
The contract stipulates that the consortium must execute two- and three-dimensional seismic acquisition programs during the initial stage of the lease.
Kazakhstan announces construction of new oil and petroleum refinery by 2033
The development of this project represents a paradigm shift in the economic dynamics of the Kazakh extractive sector.
Nigeria loses $1.31 billion due to oil production shortfall
Non-compliance with OPEC quotas generates a deficit of 18.12 million barrels, affecting the country's fiscal stability.
TPAO presents its strategy for the exploration of the Khan Tervel block in Bulgaria
This collaboration strengthens the position of the Black Sea basin as a hub for the supply of natural resources in the European environment.
Santos cuts 10% of its workforce and reduces operating costs
Unit production cost at US$6.78/boe, the lowest level in a decade.