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Weakness In This Stock Defies Logic

Oilfield services provider Solaris has…

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Is Trump Gearing Up To End The Iran Nuclear Deal?

Withdrawal from the Iran nuclear…

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This Key Gold Producer Sees Its Production Slump

Africa’s second gold producer Ghana…


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Big Oil Nervous As Venezuela’s Maduro Seizes More Power

Aug 18, 2017 at 15:09 | Tsvetana Paraskova

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…

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Norway Removes Greenpeace Ship From Statoil Arctic Drill Site

Aug 18, 2017 at 15:03 | Zainab Calcuttawala

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

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Iran Seeks 500,000 Bpd Oil Swap With Caspian Countries

Aug 18, 2017 at 14:39 | Tsvetana Paraskova

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…

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Huge Chinese Refinery Fire Did Not Impact Operations

Aug 18, 2017 at 13:38 | Tsvetana Paraskova

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…

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Climate Change Opens Up Shorter Arctic Passage For LNG

Aug 18, 2017 at 11:56 | Irina Slav

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…

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Chevron Folds In Landmark Australia Tax Lawsuit

Aug 18, 2017 at 11:07 | Irina Slav

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…

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Venezuelan Oil Tanker Trapped In US Waters With No Credit

Aug 18, 2017 at 09:06 | Irina Slav

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…

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Even if US Sells LNG For Free, It Can’t Replace Russia in Europe: Moscow

Aug 17, 2017 at 17:11 | Zainab Calcuttawala

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…

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Chinese Energy Conglomerate Begins Talk to Buy Rosneft Shares

Aug 17, 2017 at 16:56 | Zainab Calcuttawala

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…

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Russia, Iran, Turkey Form $7B Oil Deal

Aug 17, 2017 at 16:44 | Tsvetana Paraskova

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…

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