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December 9, 2021

23rd World Petroleum Congress ends on a high note- oil and gas 360

23rd World Petroleum Congress ends on a high note

December 9, 2021

World Oil HOUSTON — The 23rd World Petroleum Congress program concluded strongly Wednesday, with high-level discussions on collaboration within the industry and the changes needed going forward, as well as special events including a discussion of Houston’s role in leading the energy transition, presentation of the Dewhurst Award & Lecture, and the official handover to Calgary, the host city for

Chevron, Equatorial Guinea sign production sharing contract for Block EG09- oil and gas 360

Chevron, Equatorial Guinea sign production sharing contract for Block EG09

December 9, 2021

World Oil JOHANNESBURG, SOUTH AFRICA — Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09, located in the Douala basin on the border of Cameroon. Representing a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the country itself in its journey towards resource maximization, the

CAF to use $7 billion capitalization for recovery, renewables in Latin America- oil and gas 360

CAF to use $7 billion capitalization for recovery, renewables in Latin America

December 9, 2021

Investing BOGOTA – CAF, the Development Bank of Latin America, will use $7 billion in planned equity capitalization to back economic recovery and renewable energy development in the region, its president said on Thursday. The board of CAF, which has 19 member countries across Latin America, the Caribbean and Europe and 13 private bank members, approved the capitalization plan this

PDVSA uses cash-stuffed backpacks, scrap metal as pay to restart oil production- oil and gas 360

PDVSA uses cash-stuffed backpacks, scrap metal as pay to restart oil production

December 9, 2021

World Oil CARACAS (Bloomberg) –Amid the rusted remnants of Venezuela’s once-mighty oil industry, a motley crew of obscure drillers has achieved a feat few thought possible: It’s more than doubled the country’s crude production in the space of a year. State-owned Petroleos de Venezuela SA has been pumping about 908,000 barrels a day in the past week, according to people

OPEC+ output hike gamble pays off as oil prices recover- oil and gas 360

OPEC+ output hike gamble pays off as oil prices recover

December 9, 2021

Nasdaq LONDON, Dec 9 – The gamble taken by OPEC and its allies, under pressure from top oil consumer the United States, to raise oil output in January despite its own forecasts of oversupply, appears to be paying off as prices stabilise. Oil has steadied around $75 a barrel as market participants brush off concerns of a glut, in part

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