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Brazilian state-controlled oil company Petrobras has approved a new commercial strategy to define its diesel and gasoline prices in the domestic market, replacing the existing fuel pricing formula used by its refineries. Brazilian President Luiz Inacio Lula da Silva from the leftist Workers’ Party (PT) promised during his campaign last …

Bid submission for expansion project at Safaniyah oilfield has been pushed back until mid-July

Singapore’s Pavilion Energy has taken delivery of its first liquefied natural gas cargo paired with a Statement of Greenhouse Gas Emissions (SGE) at the Singapore LNG terminal, with QatarEnergy as the supplier. The SGE is a verified statement of greenhouse gas emissions associated with producing and delivering an LNG cargo …

The global oil and gas industry will require $600 billion to achieve its target of cutting emissions this decade, which is only a fraction of the record windfall income that producers accrued in 2022, according to International Energy Agency. The Paris-based organisation in a new report said that oil and …

An employee of Marathon Petroleum is reported to have died after a fire broke out at the company’s Galveston Bay Refinery in Texas on Monday. The incendiary incident occurred while workers were performing routine maintenance when a seal failed on one of the 593,000 barrel-per-day refinery’s two reforming units, according …

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Brazilian state-controlled oil company Petrobras expects to declare soon the commerciality of the Curacao find in the prolific Santos basin pre-salt fairway. Petrobras in 2021 made the Curacao discovery inside the giant Aram pre-salt area and in the following year ran a drill stem test in the accumulation that detected …

Three players submitted expressions of interest in acreage, according the hydrocarbon minister

Commercial offers for the most recent development phase of the ISND oilfield have been submitted by up to four international contracting giants

A new report unveiled on the eve of the APPEA 2023 conference has revealed how net zero zones (NZZs) could be created across Australia to bring together energy producers, emissions reduction technologies, manufacturing and industry to boost the net zero economy transformation. APPEA chief executive Samantha McCulloch said: “Net zero …