Live Breaking News & Updates on Oil amp gas trbc level 3
Stay updated with breaking news from Oil amp gas trbc level 3. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Brazilian state-run oil company Petroleo Brasileiro SA has begun the sale process for its 27.88% stake in the Deten Quimica SA petrochemical complex in the northeastern state of Bahia, it said in a Wednesday securities filing.
Ecuador will seek to negotiate a "payment plan" for a $374.3 million award it owes to French oil company Perenco, the country's solicitor general said on Wednesday, citing the South American country's recession and tight finances.
Hungarian Foreign Minister Peter Szijjarto has signed a 15-year gas supply agreement with Russian energy group Gazprom to take effect as soon as its existing deal expires in September, he said on Thursday.
PetroRio SA, one of Brazil's largest independent oil companies, has successfully priced $600 million of international bonds, the company said in a securities filing on Wednesday.
By Reuters Staff 2 Min Read (Reuters) - U.S. liquefied natural gas developer Tellurian Inc said on Thursday it signed a 10-year agreement with Vitol, the world’s largest independent energy trader, for 3 million tonnes per annum (MTPA) of LNG. The agreement is valued at about $12 billion in revenue over the deal period, Tellurian said. Demand for LNG has surged in recent years as nations including China and India buy more of the super-cooled fuel to meet fast-growing energy needs while also weaning consumers off dirtier coal. Last week, Tellurian also signed a 10-year agreement with commodity trader Gunvor Group for 3 MTPA of LNG. The LNG would be delivered from Driftwood LNG, a 27.6 MTPA liquefaction facility it proposed near Lake Charles, Louisiana in the U.S. Gulf Coast.
By Reuters Staff 1 Min Read General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020. REUTERS/Mike Segar/File Photo NEW YORK (Reuters) - U.S. weekly refinery utilization rates last week rose to 88.7%, the highest since February 2020, according to U.S. Energy Information Administration data released on Thursday. Midwest weekly refinery utilization rates rose to 91.5%, also the highest since February 2020, the data showed. Reporting by Devika Krishna Kumar in New York; Editing by Chizu Nomiyama
Ecuador's government said on Tuesday it would pay $374 million granted to French oil company Perenco by an arbitration tribunal related to a dispute over a 2007 decree that reserved "extraordinary income" from oil operations for the state.
Oman may be rowing back on an austerity plan to fix its shaky finances in the face of protests over unemployment but investors are cutting the Gulf state's new ruler some slack for now.
Orsted, the world's largest offshore wind farm developer, plans to ramp up investments to become a global leader in renewable energy, spending $57 billion from 2020-2027.