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Putin And Erdogan Drifting Away From The West

The rise of right-wing populism…

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Mexico Looks Overseas For New Oil Export Destinations

Both political and economic factors…

News

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U.S. Oil & Gas M&A Sees Best Q1 Ever

Apr 20, 2017 at 15:00 | Tsvetana Paraskova

U.S. oil and gas mergers and acquisitions in Q1 2017 hit a record high value for a first quarter, boosted by a wave of mega deals and the attractive Permian…

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Dutch Court Orders Criminal Probe Of Shell-Exxon JV Over Gas Quakes

Apr 20, 2017 at 14:54 | Tsvetana Paraskova

A Dutch appeals court ordered on Thursday local prosecutors to open a criminal investigation into whether gas company NAM, jointly owned by Shell and ExxonMobil, was criminally liable for earthquakes…

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Indian Refiner Seeks To Sell Plant To Aramco

Apr 20, 2017 at 09:41 | Irina Slav

India’s ONGC Petrol Additions Ltd is negotiating the sale of half its $4.6-billion petrochemicals plant with Saudi Aramco, unnamed sources told Bloomberg. The negotiations are still private, the source…

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U.S. Considers Lifting Oil Sanctions On Iran

Apr 20, 2017 at 09:26 | Tsvetana Paraskova

While acknowledging that Iran has so far complied with the nuclear deal it agreed to, U.S. Secretary of State Rex Tillerson said on Tuesday that the Islamic Republic continues to…

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OPEC And NOPEC To Meet At Vienna Summit To Discuss Cut Extensions

Apr 19, 2017 at 17:12 | Zainab Calcuttawala

The members and non-members of OPEC that participated in the global agreement to reduce oil production in November will be meeting on May 25th – the day of the bloc’s…

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Canada Takes Preventative Measures To Avoid Second Year Of Disastrous Wildfires

Apr 19, 2017 at 17:07 | Zainab Calcuttawala

Canada is taking preventative measures to avoid the wildfires in northern Alberta that caused more than a quarter of the country’s oil output to be shut down last year, according…

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Chinese Consortium Prepares For Investment In Saudi Aramco IPO

Apr 19, 2017 at 17:01 | Zainab Calcuttawala

A Chinese consortium of state-owned oil companies, banks and sovereign wealth funds will act as a “cornerstone” investor in Saudi Aramco’s upcoming initial public offering (IPO), according to a…

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Tanzania Drafts $30B LNG Export Project Deal

Apr 19, 2017 at 14:43 | Tsvetana Paraskova

Tanzania’s government has prepared a draft agreement with international oil companies willing to take part in a $30-billion LNG export project, and has sent the draft for ministerial review, local…

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Oil Prices Still Too Low To Allow Angola Balance Its Budget

Apr 19, 2017 at 13:53 | Tsvetana Paraskova

Angola, whose economy is highly dependent on the oil industry and crude export revenues, needs a price of oil at around $85 per barrel in order to balance its budget,…

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Russia To Help Build 2 Nuclear Power Plants In Iran

Apr 19, 2017 at 13:07 | Irina Slav

Russian experts will help the Atomic Energy Organization of Iran build two 1,000-MW nuclear power plants, Iran’s Energy Minister told media. Construction will start soon, Hamid Chitchian also said, adding…

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