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Crude oil

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.

India’s Russian oil imports seen rising on lower prices

Easing global oil prices would help India boost imports from Russia as a lower than $60 a barrel price of Russian oil will enable buyers to use Western services such as insurance and ships.

Nigeria's Dangote refinery receives first crude cargo

The Dangote oil refinery in Nigeria received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co, bringing the start of operations closer after years of delays.

Details of Canada's planned regulations to limit oil and gas emissions

Canada unveiled planned regulations to limit emissions from the oil and gas sector using a cap-and-trade system, fulfilling a promise by Prime Minister Justin Trudeau's government to cut emissions in its most polluting sector.