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Is China The Next Key Influencer In The Middle East?

Last week, Saudi Arabia invited…

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Are U.S.-Saudi Relations Turning Sour?

U.S.-Saudi relations could deteriorate as…

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Energy Market Deregulation: Be Careful What You Wish For

Stagnant wholesale power prices have…

News

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New China-Myanmar Oil Route Nears Launch

Mar 21, 2017 at 11:38 | Irina Slav

A pipeline that will carry crude oil from the coast of Myanmar to southwest China is nearing its start as the two countries settle their differences regarding the terms of…

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Saudi Crude Output Cuts In January Bring Exports Down 3.8 Percent

Mar 20, 2017 at 17:27 | Zainab Calcuttawala

Saudi Arabia has cut crude oil exports by 3.8 percent in January in accordance with the deal the country negotiated between members of the Organization of Petroleum Exporting Countries, Bloomberg…

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DAPL Protest Clean-Up Cost North Dakota $38M

Mar 20, 2017 at 17:11 | Zainab Calcuttawala

North Dakota Governor Doug Borgum seeks federal reimbursement as a potential means of recovering the $38-million cost of policing and cleaning up after protestors who demonstrated against the Dakota…

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Norway’s Borr Drilling To Buy Transocean Rigs For $1.35B

Mar 20, 2017 at 15:35 | Tsvetana Paraskova

Newly created Norwegian drilling contractor Borr Drilling said on Monday that it had signed a deal to acquire the entire fleet of 15 high-specification jack-up rigs of Transocean for…

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Shell Seeks Listing More Shares To Use As Alternative To Cash Dividend

Mar 20, 2017 at 13:16 | Tsvetana Paraskova

Royal Dutch Shell said on Monday that it had applied to the UK Listing Authority and the London Stock Exchange for the listing of 47,791,678 A ordinary shares that…

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$5.6B Loan Approved For Glencore, Qatar Rosneft Stake Buy

Mar 20, 2017 at 12:16 | Irina Slav

Italy’s Financial Security Committee has approved a $5.6-billion (5.2-billion-euro) loan from Intesa SanPaolo to Glencore and the Qatar Investment Authority for the acquisition of a 19.5-percent stake in Rosneft.…

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South Sudan Rebels Kidnap Workers Of Chinese-Malaysian Oil Firm

Mar 20, 2017 at 11:31 | Tsvetana Paraskova

According to Reuters, on Saturday, rebels loyal to former South Sudanese vice president, Riek Machar, kidnapped four workers of DAR Petroleum Operating Company, whose holders include China National…

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Thailand’s PTT Looking To Spend $11B On Oil, LNG Projects

Mar 20, 2017 at 10:09 | Irina Slav

Thailand’s state-owned oil and gas company PTT is seeking investment opportunities for its $11 billion in cash and marketable securities to make up for the decline in oil and gas…

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Sinopec Nearing Deal To Buy Chevron’s $1B South African Assets

Mar 17, 2017 at 16:44 | Tsvetana Paraskova

China’s Sinopec is the last bidder left in the race to buy a majority interest in Chevron’s South African assets worth $1 billion, Reuters reported on Friday, citing two…

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French Oil Giant Seeks 50% Stake In Iran’s $4B South Pars

Mar 17, 2017 at 14:44 | Damir Kaletovic

Total signed a preliminary deal for the project last year, and today stated its intentions in a regulatory filing with the U.S. Securities and Exchange Commission (SEC). The move makes…

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