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Crude oil

Venezuela's PDVSA, Spain's Repsol agree to revive oil joint venture

Venezuelan state oil company PDVSA and joint venture partner Repsol signed an agreement amending the original terms of a project in the country, aiming to revive its crude and gas output.

At least 13 killed in Guinea oil terminal blast; extent of damage unclear

The death toll from a blast at an oil terminal in Guinea's capital Conakry has risen to 13, a senior police source said, as the government warned the incident could have repercussions for the wider population.

Elon Musk says oil and gas should not be demonized

Oil and gas should not be demonized in the medium-term, Elon Musk, the founder of electric car maker Tesla, but he also said it was important to reduce carbon emissions to preserve the planet.

India will buy Venezuelan oil, says minister

India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil.

Woodside, Santos proposed $52-B tie-up unlikely to be sealed until at least Feb

Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed $52-B tie-up to create a global oil and gas giant until at least February.

India's Nov Russian oil imports up 3% from Oct - trade

India's Russian oil imports in November rose to a 4-month high of 1.6 MM bpd, up 3.1% from October, making up about 36% of the nation's overall imports last month.

Venezuela's PDVSA, Chevron request 15-year extension for two joint ventures

A unit of Venezuela's state oil company PDVSA and U.S. oil major Chevron have requested a 15-year extension for two of their joint ventures from the country's oil ministry.

South Africa picks Russia's Gazprombank as PetroSA refinery partner

South African national oil company PetroSA is confident it will not fall foul of Western sanctions after choosing Russia's Gazprombank Africa as preferred investment partner to restart their refinery at Mossel Bay.

Shell sees $6 B in oil and gas investments in Nigeria

Shell sees a $5-B offshore oil investment opportunity in Nigeria and pledged to spend a further $1 B in five to 10 years to boost natural gas output for domestic supplies and exports, a presidential spokesperson said, citing Shell's director of upstream operations.

Australia's Woodside, Santos in talks for $53-B oil-gas merger

Australia energy companies Woodside and Santos Ltd said that they are in preliminary merger talks, in what could be the latest big deal in a wave of global consolidation the in oil and gas sector.