NOCs

Once a national oil champion, the company is now so much more

The oil powerhouse will not just join the top five crude exporters in the coming years, it may be a model for how petrostates balance growth, policy and sustainability

The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations

Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex

New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years

The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders

The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs

A newly formed joint venture between Saudi Aramco and Sinopec signals rising Gulf interest in the Asian market

The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations

As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues

Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio

Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world

The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks

Energy minister says country is delaying first oil production until pipeline and refinery are ready

Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026