Petroleum

Hungary’s Economic Ambitions: Viktor Orbán’s Quest for Global Power Status

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Hungary’s Economic Ambitions: Viktor Orbán’s Quest for Global Power Status

Navigating New Horizons: The Strategic Impact of the Hungary-Serbia Oil Pipeline on Energy Security In an era defined by energy independence and geopolitical maneuvering, the newly announced hungary-Serbia oil pipeline represents a notable strategic investment aimed at enhancing energy security for both nations. The project, announced last week, involves approximately 180 kilometers of pipeline in … Read more

PetroGulf Egypt Invests $77 Million to Boost Crude Oil Production to 23,000 Barrels Daily

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PetroGulf Egypt Invests Million to Boost Crude Oil Production to 23,000 Barrels Daily

PetroGulf Egypt Achieves Record Production, Unveils Ambitious Plans for ⁢2025 PetroGulf Egypt, a leading player in the Egyptian petroleum sector, has announced a ‍meaningful milestone in its ⁣operations. The company’s production has surged to 22.5 ⁤thousand ‌barrels of crude oil per day from its fields in the Gulf⁤ of Suez, marking a remarkable achievement in … Read more

BP International Completes Drilling of Two Gas Wells in Raven Offshore Field, Set for Production in February

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BP International Completes Drilling of Two Gas Wells in Raven Offshore Field, Set for Production in February

BP International Accelerates Gas Production in the Mediterranean with New‌ Raven Field Wells BP International has ​taken a critically important leap forward in its mediterranean operations, completing the drilling of two new wells⁣ in the Raven gas field. Utilizing the state-of-the-art “Volaris D. S12” drilling⁤ ship, the company has successfully advanced its ​offshore drilling efforts, … Read more

Putin, Zelenskiy End Key Gas Deal: Europe Faces Energy Crisis

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Putin, Zelenskiy End Key Gas Deal: Europe Faces Energy Crisis

Russia and Ukraine Reject ⁤Gas Transit ‌Deal, Sparking European Energy Crisis Table of Contents Russia and Ukraine Reject ⁤Gas Transit ‌Deal, Sparking European Energy Crisis Russia-Ukraine Transit Deal Collapse: Europe Faces Winter Energy Crunch Understanding the ⁢Breakdown Immediate Impact on Energy Markets Securing Alternative Supplies Broader Geopolitical Implications The ‌end of a crucial gas transit … Read more

EU extends license for export of liquefied petroleum gasoline to Venezuela

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EU extends license for export of liquefied petroleum gasoline to Venezuela

Washington. The administration of President Joe Biden on Monday prolonged the license authorizing sure liquefied petroleum gasoline export transactions to Venezuela, the U.S. Treasury Division reported. The Workplace of International Property Management (OFAC), which is a part of this division, will enable “all transactions associated to the export or re-export, direct or oblique, of liquefied … Read more

Nicolás Maduro pronounces resumption of dialogue with the US

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Nicolás Maduro pronounces resumption of dialogue with the US

CaracasVenezuelan President Nicolas Maduro introduced on Monday that he would resume talks with the US on Wednesday, practically three months after Washington reinstated sanctions towards the oil sector and fewer than a month after the Venezuelan presidential election. “Subsequent Wednesday, talks with the US will resume to make sure compliance with the agreements signed in … Read more

Pemex stories document earnings from Deer Park refinery

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Pemex stories document earnings from Deer Park refinery

Mexico Metropolis. Income on the Deer Park, Texas, refinery have soared after Petroleos Mexicanos (Pemex) purchased your complete advanced and are the best they’ve been in 16 years, in keeping with firm figures. In January 2022, the corporate bought your complete Deer Park in a transaction for 594 million {dollars} and that very same 12 … Read more

Nationwide crude oil manufacturing falls 6.43 % in April: CNH

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Nationwide crude oil manufacturing falls 6.43 % in April: CNH

Nationwide crude oil manufacturing, which incorporates that made by Petróleos Mexicanos (Pemex) and personal corporations, was 1,559,000 barrels per day in April, a determine that translated right into a drop of 6.43 % in comparison with the identical interval final 12 months. based on the Nationwide Hydrocarbons Fee (CNH). The end result was defined by … Read more