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The Great Game Returns to Central Asia

The Great Game Returns to Central Asia

Central Asia is emerging as…

The Espionage Web Expanding Across Europe

The Espionage Web Expanding Across Europe

Not since the Cold War…

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Big Oil May Not Support All Trump 2.0 Policies

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News

Shell To Restart Major Oil Refinery

Shell To Restart Major Oil Refinery

Sep 18, 2017 at 09:12 | Irina Slav

Shell is set to restart its 325,700-bpd Deer Park refinery in Texas, after shutting it down for three weeks during and after Hurricane Harvey’s sweep of the U.S. Gulf…

Protesters Jailed Over Natural Gas Pipeline Demonstration In Virginia

Protesters Jailed Over Natural Gas Pipeline Demonstration In Virginia

Sep 15, 2017 at 15:34 | Zainab Calcuttawala

Nineteen protestors were arrested during a protest in Richmond, Virginia, against the construction of the Atlantic Coast and Mountain Valley natural gas pipelines. The demonstration of roughly 40 people…

Harvey Brings In First Drop In U.S. Industrial Output Since January

Harvey Brings In First Drop In U.S. Industrial Output Since January

Sep 15, 2017 at 13:24 | Tsvetana Paraskova

After six consecutive monthly gains, U.S. industrial production fell by 0.9 percent in August as Hurricane Harvey hit Gulf Coast refining, chemicals, and plastics materials production, the Federal Reserve

Oil Spill Threatens Athens Beaches

Oil Spill Threatens Athens Beaches

Sep 15, 2017 at 12:55 | Tsvetana Paraskova

Greek authorities continued to struggle on Friday to clean up an oil spill that occurred last Sunday when an oil tanker sank near the country’s main port, Piraeus, with the…

U.S. Diesel, Heating Oil Inventories At Historical Low

U.S. Diesel, Heating Oil Inventories At Historical Low

Sep 15, 2017 at 11:13 | Tsvetana Paraskova

Even before Hurricane Harvey shut down more than 20 percent of U.S. refining capacity, U.S. diesel, jet fuel, and heating oil stocks had dropped during the summer months, for the…

Hurricane Harvey Oil, Chemical Spills Top 22,000 Barrels

Hurricane Harvey Oil, Chemical Spills Top 22,000 Barrels

Sep 15, 2017 at 10:18 | Tsvetana Paraskova

In the aftermath of Hurricane Harvey, more than 22,000 barrels of crude oil, refined products, and chemicals spilled at various sites in Texas, according to company reports to the U.S.…

China Cracks Down Oil Smuggling Network

China Cracks Down Oil Smuggling Network

Sep 15, 2017 at 09:30 | Irina Slav

Chinese authorities have busted an oil smuggling group in the Fujian Province, in eastern China, that has since the start of the year smuggled fuel worth US$138 million, Xinhua

Aramco IPO Remains On Track, Company Says

Aramco IPO Remains On Track, Company Says

Sep 15, 2017 at 09:25 | Irina Slav

Aramco’s initial public offering remains on track for next year, the company told UAE’s The National in an email, following a report that suggested the initial schedule might be…

South Korea To Begin Phasing Out Nuclear Plants

South Korea To Begin Phasing Out Nuclear Plants

Sep 15, 2017 at 09:02 | Irina Slav

South Korea is eyeing independence from nuclear energy, to be implemented gradually over the next six decades, as it seeks to switch to safer clean energy sources. The country’s…

Sources Say Trump’s Citgo Sanctions Are Working

Sources Say Trump’s Citgo Sanctions Are Working

Sep 14, 2017 at 16:53 | Zainab Calcuttawala

Trading sources say President Donald Trump’s new sanctions against Venezuela’s American refining unit, Citgo, have succeeded in making it difficult for the PDVSA subsidiary to order crude for its facilities,…

Brazil’s Pre-Salt Areas Attract 17 Major Oil Bidders

Brazil’s Pre-Salt Areas Attract 17 Major Oil Bidders

Sep 14, 2017 at 16:46 | Tsvetana Paraskova

As many as 17 companies have registered to bid next month in two rounds of exploration license awards in Brazil’s pre-salt layer, Brazilian Oil and Gas Secretary Marcio Felix…

Houthis Threaten Saudi Oil Tankers

Houthis Threaten Saudi Oil Tankers

Sep 14, 2017 at 14:34 | Zainab Calcuttawala

Houthi leader Abdel-Malek al-Houthi said his rebel alliance would begin attacking Saudi oil tankers should the Kingdom begin an offensive against the key Yemeni port of Hodeidah, according to…

Demand For Angola’s Oil In Asia Increases

Demand For Angola’s Oil In Asia Increases

Sep 14, 2017 at 10:53 | Tsvetana Paraskova

Japan’s biggest refiner has just imported two of Angola’s crude grades for the first time in three years in a move that non-traditional buyers of Angolan oil like Japan could…

BP Extends Monumental Azeri Oil Field Contract Until 2050

BP Extends Monumental Azeri Oil Field Contract Until 2050

Sep 14, 2017 at 09:03 | Irina Slav

A BP-led consortium today inked an extension to its production sharing agreement with the Azeri government for the development of the Azeri-Chirag-Gunashli oil field group until 2050, BP said…

Venezuela Suspends Trade In U.S. Dollars

Venezuela Suspends Trade In U.S. Dollars

Sep 14, 2017 at 09:02 | Irina Slav

Venezuela has told oil traders it will no longer accept or offer U.S. dollars in payment for crude oil and fuels, the Wall Street Journal reports, citing sources familiar…

The Biggest IPO In History To Be Delayed

The Biggest IPO In History To Be Delayed

Sep 14, 2017 at 09:00 | Irina Slav

What’s been dubbed the biggest IPO in history, Saudi Aramco’s 5-percent listing, could take place later than initially planned, sources familiar with the deal told Bloomberg. The sources did…

Iran, Syria Sign Energy Agreement

Iran, Syria Sign Energy Agreement

Sep 13, 2017 at 17:48 | Damir Kaletovic

Iranian and Syrian media have reported the signing, by officials from the two countries, of several agreements that would allow Iran to improve the production and distribution of electricity…

Seadrill Files For Bankruptcy In Bid To Secure New Funding

Seadrill Files For Bankruptcy In Bid To Secure New Funding

Sep 13, 2017 at 15:05 | Zainab Calcuttawala

Seadrill Limited filed for bankruptcy protection on Wednesday after the company’s senior officials figured out a strategy to inject the company with $1 billion in new funds, according to a…

How Russia Saved This Oil Platform From A Titanic Disaster

How Russia Saved This Oil Platform From A Titanic Disaster

Sep 13, 2017 at 14:05 | Zainab Calcuttawala

Rosneft endeavored to move an iceberg in the Arctic Ocean weighing over 1 million tons in order to prevent it from crashing into an oil platform, according to a…

Mexico’s 2018 Oil Hedge Edges Higher

Mexico’s 2018 Oil Hedge Edges Higher

Sep 13, 2017 at 13:16 | Tsvetana Paraskova

Mexico’s oil hedge program for next year will be marginally higher than this year’s hedge, partially due to the liberalization of the gasoline prices, Mexican Finance Minister Jose Antonio Meade…

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