Some of U.S. oil major Chevron Corp's export earnings from its Venezuela operations are bolstering supplies of U.S. dollars in the South American country, three sources with knowledge of the matter told Reuters.
Iraq and TotalEnergies expect to kick-start a long-delayed $27 billion project within the next two weeks, Iraq's oil minister Hayan Abdel-Ghani said on Wednesday.
Brazil's state-controlled oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia's Ecopetrol in the Andean country, a Petrobras executive said at a Houston energy conference on Monday.
The UAE's state energy firm ADNOC (ADNOC.UL) said on Tuesday its planned liquefied natural gas (LNG) project would move forward in the Al Ruwais Industrial City in Abu Dhabi and not in the emirate of Fujairah.
After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah as the region becomes a hot spot for burying greenhouse gases.