Keywords: Oil industry
Hungarian energy company MOL, together with Russia’s Gazprom Neft and Gazprom, is expected to receive a 15-day extension to continue negotiations over the sale of a majority stake in Serbian oil company NIS, according to Serbian officials. The discussions concern the potential transfer of a 51.56%......
British energy giant BP has begun a process aimed at selling minority stakes in two major offshore projects located in the Gulf of Mexico, according to sources familiar with the matter. The move is seen as one of the first significant strategic decisions under the leadership of the company's new......
British energy company BP has announced that it is on track to transfer operational control of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to Azerbaijan’s state oil company SOCAR starting July 1, as part of a contractual arrangement. The BTC pipeline, which has been in operation since 2006, is......
Canada is facing renewed political debate over national unity after the province of Alberta announced plans to hold a non-binding referendum on whether residents wish to remain part of the country. The announcement has drawn national attention due to Alberta’s economic importance and its central......
A growing legal dispute between NNPC Limited and Dangote Petroleum Refinery is drawing national attention as both sides debate the future of fuel imports and competition in Nigeria’s energy sector. The conflict centers on a lawsuit filed by Dangote Refinery against import licences granted to fuel......
Pemex chief executive Víctor Rodríguez is facing growing uncertainty over his future as internal tensions, financial pressures, and operational setbacks continue to affect the struggling energy giant, according to sources familiar with the matter. The leadership of the Mexican state oil......
A growing separatist movement in the Canadian province of Alberta is pushing toward a potential referendum on independence. Once considered marginal, the movement has recently gained visibility and support, reflecting deeper political and economic frustrations within the region. Petition brings referendum......
The Abu Dhabi National Oil Company (ADNOC) has announced plans to invest $55 billion in new projects over the next two years, marking a significant expansion of its long-term growth strategy in the global energy sector. According to an official statement released on Sunday, the company confirmed that......
China’s Ministry of Commerce announced that it has taken legal measures to block sanctions imposed by the United States on five Chinese oil refineries, escalating tensions between the world’s two largest economies. According to official statements reported by state media, the decision aims......
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