Inpex divest oil and gas assets in Venezuela to Sucre Energy
Sucre has acquired a 70% stake in the Gas Guarico partnership with PDVSA and 30% in the Petroguarico oil JV.
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Equinor Q2 profit surges while company exits Venezuela oil JV
The Norwegian company’s net income surged to $1.94bn as global oil and gas prices rose.
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Largest refining companies in the world
The refining industry is undergoing transition due to new International Maritime Organisation (IMO) low-sulphur shipping fuel specification that came into…
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Over 4.6 trillion cubic feet of natural gas flaring globally in 2019
GlobalData’s latest report, “Global Gas Flaring Market Analysis, 2020 – Over 12.5 Billion Cubic Feet of Associated Gas per Day…
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Venezuela: a petrostate in peril
As humanitarian turmoil and political tensions continue to rise in Venezuela, the country’s economic lifeline, its oil industry, is in…
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Venezuela’s failing oil sector will require more than fresh elections to recover
Newly imposed US sanctions on Venezuela will definitely weaken the finances of the current regime.
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Oil prices remain steady as EIA data shows low rise in fuel
Oil prices have remained steady as data from the Energy Information Administration (EIA) reported that fuel stock rose in the…
US imposes sanctions on Venezuelan oil firm PDVSA
The US has imposed new sanctions on Venezuelan oil firm Petroleos de Venezuela (PDVSA) in a bid to increase pressure…