petroleum Tag

Royal Dutch Shell (LSE:RDSA) will continue developing its exploration and production portfolio in Australia, despite moving away from its aviation sector. The multi-focused energy corporation sold its Australian aviation subsidiary to independent Viva Energy Australia for US$250 million, as it looks to restructure its portfolio. Shell will...

Glencore (LSE:GLEN) has taken advantage of the unshackling of Mexico’s oil sector by securing a joint venture transport fuels supply deal with national service station operator G500. Mexico’s state-owned petroleum company Pemex previously held an 8-decades long monopoly on all oil production, refining and marketing, including...

Colombia-based energy firm Global Energy Development (AIM:GED) will announce a shift in focus towards subsea oil exploration, as part of a sweeping turnaround strategy. The petroleum exploration firm is expected to confirm a multi-million dollar investment in 10 offshore subsea service vessels based in the Gulf...