Cargill has signed a sales and purchase agreement for a 50% stake in Brazilian sugar and renewable energy firm SJC Bioenergia, adding to the 50% already owned by Cargill and giving it full control of the firm, Cargill announced on Thursday.
Producing light crude, the development is expected to reach 22,300 barrels of oil equivalent a day in peak production this year. Bozhong 26-6, which has an average water depth of about 20 meters (65.62 feet), holds over 200 million cubic meters (7.06 billion cubic feet) of proven oil and gas in place, according to the state-backed company.
Oil edged down as US President Donald Trump’s renewed pledge to drive down the price of crude overshadowed his push for tighter Iranian sanctions.
Quebec has long resisted proposals to build new oil and gas pipelines through its territory. US President Donald Trump’s threats against Canada might change that.
The discovery in the country’s northern Mediterranean waters was announced by Egyptian Prime Minister Mostafa Madbouly, who was quoted by news outlet Caliber.
TotalEnergies CEO Patrick Pouyanné expects US financing for the company’s USD 20-billion Mozambique LNG project to be approved in the coming weeks, Reuters reported on Wednesday.
Profit has been slashed at Octopus Energy as rising costs and falling sales ate into its margin during the giant’s latest financial year.
According to Secretary of State Marco Rubio and other foreign-policy hawks, Chevron has been providing a financial lifeline for Maduro’s regime to enrich itself and suppress civil rights.
Canada’s energy exports to the United States surged in the latter part of 2024, helping the country record its biggest surplus with its main trading partner since 2022.
China has been importing Iranian oil indirectly via proxies. According to StanChart, crude oil imports from Malaysia clocked in at 1.456 million barrels per day (mb/d) in June, the second-highest monthly average on record.