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Ecuador Declares Force Majeure On All Oil Operations As Protests Escalate

Ecuador Declares Force Majeure On All Oil Operations As Protests Escalate

Oct 10, 2019 at 17:41 | Julianne Geiger

Ecuador's state-run oil company, declared on Wednesday a force majeure on all oil trading operations, according to an evening Tweet by Petroecuador, citing mass protests that have disrupted the country's…

U.S. Energy Secretary Subpoenaed As Ukraine Scandal Escalates

U.S. Energy Secretary Subpoenaed As Ukraine Scandal Escalates

Oct 10, 2019 at 17:31 | Michael Kern

On Thursday afternoon, House Democrats issued a subpoena to Energy Secretary Rick Perry. The subpoena is the latest in the party's impeachment probe into whether President Donald Trump abused his…

Oil Majors Scoop Up Very-Hot Blocks In Record Brazil Auction

Oil Majors Scoop Up Very-Hot Blocks In Record Brazil Auction

Oct 10, 2019 at 17:15 | Tsvetana Paraskova

ExxonMobil, Chevron, Shell, BP, and Total all won oil exploration blocks offshore Brazil in the first of three bidding rounds this year which fetched a record total amount of signing…

Aramco Set To Approve World’s Largest IPO Next Week

Aramco Set To Approve World’s Largest IPO Next Week

Oct 10, 2019 at 16:11 | Tsvetana Paraskova

The board of directors of Saudi Aramco could give the final approval to what would be the world’s largest initial public offering (IPO) ever as soon as next week, Bloomberg…

Tesla Alerts Owners To Fully Charge Ahead Of Massive California Power Shutoff

Tesla Alerts Owners To Fully Charge Ahead Of Massive California Power Shutoff

Oct 10, 2019 at 13:16 | Tsvetana Paraskova

Tesla has been sending in-car messages to the owners of its electric vehicles in California’s areas affected by a planned mass power shutoff, recommending drivers to charge their EVs to…

Brazil Court Gives Go-Ahead To Massive 15 Billion Barrel Oil Auction

Brazil Court Gives Go-Ahead To Massive 15 Billion Barrel Oil Auction

Oct 10, 2019 at 11:27 | Irina Slav

The Brazilian Federal Audit Court has given the go-ahead to an oil action that covers acreage in the notorious presalt zone offshore Brazil that was subject to a prolonged transfer-of-rights…

Crisis Stricken PDVSA Restarts Crucial Oil Blending Plant

Crisis Stricken PDVSA Restarts Crucial Oil Blending Plant

Oct 10, 2019 at 09:36 | Irina Slav

Venezuela’s PDVSA and its partner CNPC have restarted operations at their jointly operated Sinovensa project, where an oil blending plant was shut down last week because of the buildup of…

Defying Sanctions, India Will Resume Oil Imports From Venezuela

Defying Sanctions, India Will Resume Oil Imports From Venezuela

Oct 09, 2019 at 17:29 | Julianne Geiger

India’s Reliance is set to resume oil imports from sanctioned Venezuela, according to a Reliance representative that spoke to Reuters on Wednesday. India had stopped its…

OPEC’s Largest ‘Overproducer’ Just Got Its Production Quota Raised

OPEC’s Largest ‘Overproducer’ Just Got Its Production Quota Raised

Oct 09, 2019 at 17:03 | Tsvetana Paraskova

Nigeria may face an easier task to finally fall in line with its share of the OPEC+ production cuts after OPEC has recently raised the African producer’s oil output ceiling.…

Is China’s Oil Shipping Fleet Going Dark? Tankers Are Turning Off Transponders

Is China’s Oil Shipping Fleet Going Dark? Tankers Are Turning Off Transponders

Oct 09, 2019 at 16:18 | Tsvetana Paraskova

China’s tanker owning company Cosco Dalian, which was sanctioned by the U.S. two weeks ago for knowingly shipping Iranian oil, has seen one third of its oil tankers turn off…


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