Saudi Arabia formally invited Brazil to be part of the Organization of Petroleum Exporting Countries (OPEC).
This was announced on Wednesday by the Brazilian president, Jair Bolsonaro, who stressed that he had been pushing for months to achieve the admission in the organization.
Bolsonaro made the…
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Petroleum
Mexico will award 15 contracts to the private sector for oil production
After opening to bank financing, the economy in Mexico has improved satisfactorily. Resuming collaboration with the private sector in the nation opens the way to the exploitation of oil resources with the objective of complementing the…
Gazprom Neft continues oil project in Venezuela
The CEO of the Russian company Alexander Diúkov said that the project is currently in an exploration stage, which does not require any investment by the company.
Once the exploratory period is over, the consortium will decide and issue…
Blockchain platform for oil trade ready to be launched
The new platform is now ready to facilitate the trade of crude oil among commodity companies, claiming to be the first-class business solution within the oil and gas market.
The consortium includes members such as Shell, BP, Statoil,…
Shell and BP support blockchain platform for oil market
The initiative built by VAKT Global aims to help oil companies replace paper documentation with smart contracts, a transformation that is expected to reduce costs, minimize the risk of errors and make post-trade processes more efficient.…