News
Big Oil Nervous As Venezuela’s Maduro Seizes More Power
The pro-government constitutional assembly loyal to Venezuelan President Nicolas Maduro seized the powers of the opposition-led congress today, in a move that necessarily has Big Oil nervous that Trump…
Norway Removes Greenpeace Ship From Statoil Arctic Drill Site
Norway’s coast guard has removed Greenpeace protestors from a safety zone near Statoil drilling operations in the Korpfjell field of the Barents Sea, according to a new report in
Iran Seeks 500,000 Bpd Oil Swap With Caspian Countries
Iran is ready to swap 500,000 bpd of oil with its fellow Caspian Sea countries, Iranian Fars news agency reported on Friday, quoting a senior official. According to Hamid…
Huge Chinese Refinery Fire Did Not Impact Operations
Firefighters have managed to extinguish a massive fire that broke out at state-run PetroChina’s 410,000-bpd refinery earlier this week, narrowly avoiding a halt in oil processing operations. The blaze…
Climate Change Opens Up Shorter Arctic Passage For LNG
The Cristophe de Margerie, an LNG carrier commissioned by French Total, has become the first tanker to pass the Arctic unaided and is now en route to its destination in…
Chevron Folds In Landmark Australia Tax Lawsuit
Chevron has settled with the Australian Tax Office in a lawsuit seeking penalties against the oil major for tax evasion. The size of the settlement has not been officially…
Venezuelan Oil Tanker Trapped In US Waters With No Credit
A Suezmax tanker carrying about a million barrels of Venezuelan crude oil has been sitting near the Louisiana coast for a month now, awaiting a letter of credit to start…
Even if US Sells LNG For Free, It Can’t Replace Russia in Europe: Moscow
In the latest round of saber-rattling between Russian natural gas suppliers and their American counterparts, Vladimir Chizhov, Moscow’s envoy to the European Union, has said the United States could not…
Chinese Energy Conglomerate Begins Talk to Buy Rosneft Shares
A Chinese energy conglomerate is in early talks to buy a stake in Russian energy giant Rosneft, according to exclusive sources who spoke to Reuters. Senior executives at both…
Russia, Iran, Turkey Form $7B Oil Deal
Turkish energy company Unit International, Russia’s Zarubezhneft, and Iran’s non-governmental firm Ghadir Investment Company have pledged to invest a combined US$7 billion to drill at three oil fields and…
