Philippine refiner Petron Corp. has received a shipment of Russian oil, according to its chief executive officer, after the US issued a waiver allowing the purchase of the crude. Petron CEO Ramon Ang confirmed the receipt of the oil from the OPEC+ member, but didn’t provide further details. The US earlier this month issued a sanctions […]
Valero Energy is set to restart later this week its major oil refinery in Port Arthur, Texas, after an explosion and a fire forced a shutdown earlier this week, sources with knowledge of the refinery’s operations told Reuters on Wednesday. Valero on Tuesday shut down its Port Arthur refinery after an explosion late on Monday set a diesel processing […]
Venezuela produced an average of 1.1 million barrels of crude daily this month, up from 942,000 barrels daily in February, according to a PDVSA presentation, as cited by Reuters.
Foresea has secured a long-term contract from Petrobras in Brazil for the ultra-deepwater drillship ODN I, Foresea announced on Tuesday.
Sierra Leone is stepping up efforts to attract upstream investment, highlighting its offshore oil and gas potential and upcoming licensing opportunities at the Invest in African Energy (IAE) Forum in Paris.
Foresea has secured a long-term contract with Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, adding approximately $465 million to the company’s backlog.
Saudi Arabia has ramped up crude shipments from Yanbu export terminals on the Red Sea coast as it diverts supplies away from the Persian Gulf and the Strait of Hormuz, which Iran has kept effectively closed since the end of February.
Iran said it rejected a US ceasefire proposal and maintained attacks on Israel and Gulf Arab states, delivering a blow to Washington’s efforts to end a war that’s wreaked havoc across the Middle East and global markets.
Commodity analysts have revised their outlooks for global liquefied natural gas supply down by some 35 million tons as a result of the production and export disruptions stemming from the war in the Middle East.
Oil edged lower as traders deciphered contradictory messaging surrounding a diplomatic push by the US to end the war with Iran.