Oil and Gas
New OFAC licenses enable oil investment in Venezuela
Washington authorizes contingent contracts and energy operations under strict conditions.
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Oil and Gas
Russia to send Russian oil to Cuba in the midst of energy crisis
The Russian government will send oil and petroleum products to Cuba as humanitarian aid in the face of fuel shortages on the island.
Oil and Gas
EnQuest wins Cendramas PSC partnership in Malaysia
The LOA will become effective on September 23, 2026, following the signing of the Joint Operating Agreement and the PSC.
Oil and Gas
Aramco sets goal of 75% local content by 2030
The target of 75% localization by 2030 positions Aramco as the hub of Saudi industrialization.
Oil and Gas
PETRONAS Carigali adjusts Sabah stake and strengthens alliance with SMJ Energy
State-owned SMJ Energy takes 20% of the North Sabah block, strengthening its presence in East Malaysia's offshore resources.
Oil and Gas
OPEC forecasts a drop in demand for OPEC+ crude oil in the second quarter
OPEC anticipates a drop in demand for OPEC+ crude oil of 400,000 barrels per day during the second quarter of the year.
Oil and Gas
TotalEnergies reduces share buybacks after oil and gas slump
Repurchase declines to US$750 million in the first quarter while Q4 adjusted net income came in at US$3.8 billion.
Oil and Gas
U.S. eases sanctions and authorizes services to Venezuelan oil sector
Authorize energy transactions with PDVSA under specific legal conditions.
Oil and Gas
Pipeline maintenance triggers explosion in Oaxaca
Explosion in Pemex pipeline in Oaxaca during maintenance. Authorities activate emergency protocols.
Oil and Gas
TotalEnergies assumes operational control of the Zeeland refinery
The French oil company fully manages the plant, while Lukoil retains its 45% in the expectation of selling it.
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