Page 3 - Repi Refining News Today

Indonesia's state energy company Pertamina and Malaysia's Petroliam Nasional (Petronas) plan to jointly take over Shell's participating interest in the Masela gas project, Indonesia's energy minister said on Monday.

Indonesia's state energy company Pertamina (PERTM.UL) reached a $3.1 billion financing deal with a number of export credit agencies and commercial banks to fund the upgrade of its Balikpapan refinery, the company said on Saturday.

Cosmo Energy Holdings' shareholders approved a "poison pill" takeover defence on Thursday, in a controversial vote that excluded certain activist shareholders and has implications for hostile takeover attempts in Japan.

Russian Urals deliveries through transfers at sea near Greece’s Kalamata port rebounded in June after operations dried up in April as the grade traded below a Western oil price cap, prompting more activity, according to Refinitiv data and traders.

Igor Sechin, head of the Russian energy giant Rosneft , said on Saturday that Russia is losing out to OPEC+ countries due to a smaller share of its oil exports in production.

Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country's oil and gas regulatory framework, Vice President Bharrat Jagdeo told Reuters on Friday.

Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has filed a legal claim against commodity trader Trafigura which a source close to the situation said was linked to an ongoing alleged nickel fraud case.

Equinor plans to expand its oil production in Brazil more than fivefold over the next decade, while also eyeing green energy projects especially in offshore wind power, an executive for the Norwegian energy giant said on Tuesday.

Peru's state-owned energy firm Petroperu is negotiating with oil producers in the Americas and Asia to import about 63,000 barrels a day (bpd) of crude for its newly modernized Talara refinery, the company's president told Reuters on Wednesday.

Russia's largest producer of liquefied natural gas (LNG) Novatek last year offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said, though the talks have since broken off.