News
Nigerian Oil Output Below 1.8 Million BPD Quota
Nigerian oil production remains below 1.8 million barrels per day, in compliance with a quota set on the African nation by OPEC earlier this year in response to its…
Colorado Landfills Contain Radioactive Substances From Oil Sector
Landfills in Colorado have begun to fill their space with low-level radioactive substances from oil and gas activities, state health officials have said, according to the local news site…
Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
Phillips 66 Partners (NYSE:PSXP), the master limited partnership of Phillips 66, said on Friday that it would buy assets from Phillips 66 (NYSE:PSX) in a deal valued…
Japan Court Slams Tepco With Fukushima Damages Bill
The Chiba District Court in Japan has ordered Tokyo Electric Power Company Holdings, or Tepco, to pay damages to a group of Fukushima prefecture residents who were forced to…
Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
Oil spilled from a pipeline at the al-Teym oil field in the oil-rich desert south of Deir al-Zor in Syria after the Syrian Arab Army and its allies had recaptured…
Total Joins Chevron In Gulf Of Mexico Development
French Total has expanded its presence in the Gulf of Mexico by closing a farm-in agreement with Chevron for the development of seven prospects covering 16 blocks in the deepwater…
Goldman Chief Urges Riyadh To Get Vision 2030 Going
Goldman Sachs’ chief executive, Lloyd Blankfein, has urged Saudi Arabia to pursue faster progress on its Vision 2030 economic diversification program. Speaking at the Bloomberg Global Business forum in…
OPEC Talks End Without Recommendation On Output Cut Extension
The OPEC/non-OPEC joint panel on monitoring the cuts, which met in Vienna today, has concluded talks without any recommendation for the broader group on whether it will extend the production cuts…
Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
The Petrojam refinery in Jamaica cannot be renovated as planned due to the acute shortage of funds in Venezuelan coffers, according to reports from local media. Jamaican Prime Minister…
India In Talks to Acquire 20 Percent Of UAE Oilfield
Indian oil companies could acquire up to 20 percent of an oil field belonging to the Abu Dhabi National Oil Company (ADNOC), Utpal Bora, CMD of Oil India Limited,
