U.S. supermajors ExxonMobil and Chevron,…
The recent ban on Russian…
Plastics will come to account…
Hope for crisis-stricken Venezuela may be dwindling, but Chevron—who has been steadfastly operating in the country for almost 100 years despite the unattractive business environment—can rest a bit easier today…
Iranian officials have reassured Iraq that there would be freedom of navigation in the Strait of Hormuz, the most critical oil shipping lane in the world, the Iraqi oil…
Discussions between India’s largest company, Reliance Industries, and Aramco, the world’s single biggest oil producing firm, have hit a stumbling block as the Indians want higher valuation than the Saudis…
The Nigerian National Petroleum Corporation (NNPC) said on Tuesday that it had secured a US$3.15 billion financial and technical services agreement with local firm Sterling Oil Exploration & Energy…
Juan Carlos Márquez, 48, a former executive at PDVSA, was found hanged in a flat in Madrid on Sunday, days after he was arrested and appeared in court over his…
NET Power, a utility set up in 2010, is building zero-carbon natural gas-fired power plants in the United States and abroad and plans on making them cheap enough in the…
Another blackout turned the lights off in more than half of Venezuela, Reuters reports citing witnesses and social media posts. The report added that Caracas had blamed the blackout…
The Russian government’s generous tax break to its largest oil company, Rosneft, for work on its largest oilfield, the Priobskoye, is being called into question by President Vladimir Putin, according…
Russian gas producer Novatek closed on Monday the sale of stakes in its Arctic LNG 2 project, just days after Russia’s government approved the construction of a liquefied natural gas…
Oilfield services provider Halliburton Company (NYSE:HAL) on Monday beat analyst estimates in its Q2 earnings, thanks to growth in international markets that offset lagging activity in North America, the…
The Abu Dhabi National Oil Company (ADNOC) signed on Monday a strategic cooperation agreement with China National Offshore Oil Corporation (CNOOC) as one of OPEC’s largest producers agreed to…
Libya has lifted its force majeure on Monday after it stopped loading crude oil for the weekend from the Zawiya terminal following the suspension of production from the country’s largest…
UK’s Prime Minister Theresa May will chair a meeting of emergency committee Cobra following Iran’s seizure of a British-flagged tanker last Friday, the BBC reports. The report notes the…
Some 30,000 Con Ed customers in New York City were left without power temporarily yesterday as the utility fought a string of outages caused by the heat wave that struck…
Italy’s Eni, a unit of PetroChina, and two commodity traders have bid in Pakistan’s huge tender for supply of liquefied natural gas (LNG) for ten years estimated to be worth…
Canada’s federal government is open to proposals for a refinery in British Columbia, Canadian Prime Minister Justin Trudeau said on Thursday, just as the B.C. authorities started hearings in…
Billionaire activist investor Carl Icahn, who holds 4.4 percent in Occidental Petroleum, filed on Thursday a Solicitation Statement with the SEC, officially launching a proxy fight to replace four…
Two Iran-flagged vessels have been sitting idle at Brazilian ports for weeks because they need fuel to return to Iran, but Brazil’s Petrobras refuses to sell them fuel because of…
Mexico’s controversial Dos Bocas oil refinery project will indeed be built despite investor criticism, Mexican Energy Minister Rocio Nahle said during a radio broadcast on Thursday, reported by Reuters.…
In order to meet the growing demand for electricity, China's biggest power generator, China Energy Group is planning to build 11 gigawatts (GW) of new coal power during this and…