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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. ....