Articles

Qatar Petroleum Signs Agreement to Acquire

Qatar Petroleum entered into an agreement with Eni to acquire a 35% participating interest in three offshore oil Fields in Mexico.

The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay.

Download Article
U.S. Oil Surge Makes Bank of Russia Skeptical on OPEC+ Success

Russia’s central bank is not convinced that OPEC and its allies’ supply cuts can revive the oil market as it’s being countered by surging U.S. production.

The Bank of Russia cut its crude price outlook for next year to $55/bbl from $63 on higher supply risks, mainly related to “fast output increase” in America, according to Governor Elvira Nabiullina. Just a week ago the country’s Energy Minister Alexander Novak brokered a deal that led to the so-called OPEC+ group agreeing to cut production by 1.2 MMbopd in an effort to boost prices.

Download Article
Attending the oil, gas, refining and petrochemical exhibition

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Egestas purus viverra accumsan in nisl nisi. Arcu cursus vitae congue mauris rhoncus aenean vel elit scelerisque. In egestas erat imperdiet sed euismod nisi porta lorem mollis. Morbi tristique senectus et netus. Mattis pellentesque id nibh tortor id aliquet lectus proin. Sapien faucibus et molestie ac feugiat sed lectus vestibulum. Ullamcorper velit sed ullamcorper morbi tincidunt ornare massa eget. Dictum varius duis at consectetur lorem.

Download Article