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(Reuters) - Energy trader Gunvor Group aims to cut its Scope 1 and 2 emissions by 40% in absolute terms by 2025, the company said on Tuesday, and has set up a new subsidiary to invest in non-hydrocarbon projects. The Geneva-based firm, which is among the top five global oil traders, aims to cut emissions... Continue Reading →
Following the acquisition of the Baúna field in Brazil, Australia’s Karoon Energy has created a Brazil Business Unit and is working to restructure its executive team with immediate effect. Karoon said on Monday it has created the Brazil Business Unit, which will be reporting directly to the CEO and Managing Director, supported by the appropriate... Continue Reading →
(Reuters) - China’s Sinopec Corp, Asia’s largest oil refiner aims to be carbon neutral by 2050, with its near-term strategy focused on natural gas development and a long-term pivot to hydrogen, top executives said on Monday. As China’s largest hydrogen producer, Sinopec will focus on fossil fuel-based hydrogen production over the next five years and... Continue Reading →
No deal has yet been reached on the future of a lucrative shared oil deposit as a deadline expired on Thursday, but Mexican state-run Pemex and Talos Energy will keep talking, three sources with direct knowledge of the matter told Reuters. How to develop the nearly 700 million barrel offshore Zama discovery, which was made by... Continue Reading →
Annual oil and gas reserves and production by Chinese oil and gas player CNOOC Limited have hit a new record high while costs decreased to a ten-year low. In 2020, CNOOC focused on large and medium-sized oil and gas discoveries and strived to improve the success ratio of exploration. During the year, 16 commercial discoveries... Continue Reading →
(Reuters) - European utilities are offering a slew of offshore wind farms, eager to cash in on high valuations as investors hungry for stable returns increasingly flock to the sector, people close to the matter said.FILE PHOTO: Power-generating windmill turbines are seen near Port Saint Louis du Rhone, near Marseille, May 7, 2014. REUTERS/Jean-Paul Pelissier... Continue Reading →
(Reuters)The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday. India has asked refiners to speed up the diversification of imports to cut... Continue Reading →
Omni Táxi Aéreo has just expanded its fleet of helicopters used to transport workers in the oil and gas sector. The company acquired yet another AW139 model aircraft, made by Italian Leonardo. The model is super medium sized and capable of flying to the most distant platforms of the pre-salt, carrying up to 12 passengers.... Continue Reading →
(Bloomberg) --A former Glencore Plc trader was charged by U.S. authorities with conspiracy to manipulate a key oil price benchmark, the latest sign that prosecutors around the world are stepping up their scrutiny of the notoriously opaque commodity trading industry. U.S. prosecutors alleged that Emilio Heredia, a former Glencore employee, directed buy and sell orders... Continue Reading →
(Reuters) - Petroleos Mexicanos (Pemex) would consider having a consortium headed by U.S. company Talos Energy operate a shared oil field in southern Mexico, the chief executive officer of the Mexican state oil firm said. Discovered in 2017 in shallow waters of the Gulf of Mexico off Tabasco state, the Zama oil field is believed... Continue Reading →
Brazil Energy Insight 