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Optimisation plan for Pemex proposed by Wellingence
Wellingence, a consulting firm, has recommended an optimisation strategy for PEMEX aimed at bolstering its financial health through targeted divestments.
Venezuela oil production sees increase despite sanctions return
Venezuela's oil production reached 910,000 barrels per day in May, marking a 3.6% increase from April, as reported by the Organization of Petroleum Exporting Countries on June 11. PDVSA has sustained growth this year, adding 32,000 bpd.
Petrobras to support Brazil’s development, increase GDP, says new CEO
The new CEO at Brazil’s national oil company Petrobras, Magda Chambriard, has said the company stands ready to support the country’s growth by increasing energy supply, including renewable energy, contributing to development and GDP growth.
Petrobras mulls ventures with China’s Sinosure
Moody's maintains Petrobras' credit rating with stable outlook
Moody's has opted to maintain Brazil’s national oil company Petrobras' credit rating at 'Ba2' with a stable outlook, citing the company's robust credit metrics within its rating category and consistent operational and financial performance.
Nigerian billionaire's Bravura Holdings to begin lithium production at Zimbabwe project in 2025
Hive Hydrogen of South Africa courts Japanese investors into its $5.9bn green hydrogen project
Colombia's energy capacity to surge up to 85% by 2037 with major shift to renewables
In the latest version of the Generation Expansion Plan to 2037, the Mining and Energy Planning Unit (Upme) forecasts a significant transformation in Colombia's energy landscape. By 2037, 53% of energy generation will come from renewable sources.
SBM Offshore buys stakes in Angolan FPSOs
SBM Offshore has realigned its business in Angola by acquiring shares in the lease and operating entities of FPSOs from Sonangol, while simultaneously divesting its stake in the Paenal shipyard to a Sonangol subsidiary.
Thailand charts greener energy course in revised power plan
Thailand's energy landscape is poised for a significant transformation with the unveiling of a revised Power Development Plan and Natural Gas Management Plan by the Energy Policy and Planning Office
Vietnam's coal conundrum: balancing power needs with climate goals
Vietnam faces a complex energy challenge as it strives to avoid last year's crippling power outages while also fulfilling its climate commitments
United Petroleum Australia targets 200 active petrol stations in Sri Lanka
United Petroleum Australia is preparing to initiate operations in Sri Lanka by late July or early August, with the end goal of expanding its presence in the retail petroleum sector
Indian energy firms to export RLNG to Bangladesh
Two Indian energy firms are preparing to export regasified liquefied natural gas to Bangladesh through two pipelines stretching 265 kilometres
Indonesian region Trenggalek explores carbon trading to boost local revenue
The Trenggalek Regency Administration in East Java is adopting carbon trading as a new fiscal scheme to boost local revenue, aligning with the national goal of achieving net zero carbon by 2060
Hengyi exports more fuel oil from Brunei after refinery fire
China's Hengyi Industries has ramped up fuel oil exports from its refinery in Brunei this month and stalled the loading of other refined products after a fire broke out at the facility in late May.
CNOOC reports strong gas flow in South China Sea well test
Chinese state offshore operator CNOOC has reported a strong test result at a well targeting gas reserves in ultradeep waters of the South China Sea.
New Zealand to lift ban on oil and gas exploration
The New Zealand government plans to propose legislation later this year to overturn the 2018 prohibition on new oil and gas exploration.
Sweltering heat fuels surge in India's gas-fired power usage
India is witnessing a surge in gas-fired power generation. As a result, and according to industry officials and experts, imports of LNG are projected to rise sharply over the next two years.
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