Citigroup Says 42% of Clients Have No Energy Transition Plan
Oil markets were looking forward…
The total number of active…
Per the latest weekly data…
Statoil will more than triple its production in Brazil by becoming the sole operator of the Carcara discovery, according to the Norwegian company’s local subsidiary. “We expect (Statoil's) equity production…
State-refiner Sinopec could cut oil output by a third to combat a domestic oil supply glut fueled by competition from independent refiners and slow demand. "The company (Sinopec) is facing…
A Pennsylvania-based asset manager has said that the US$2.8 billion bonds of Venezuela’s oil firm PDVSA, which Goldman Sachs bought last month for US$0.31 on the dollar, were worth US$0.33…
One of Iran’s top energy priorities this year would be developing onshore and offshore oil fields that it shares with neighboring countries, the official Islamic Republic News Agency (IRNA) quoted…
As wind and solar power are expected to upend the global energy market over the next few decades, clean energy is not only a threat to legacy oil and gas…
Iraq’s Basra Oil Company is working on expanding the daily capacity of the Amaya oil export terminal in Basra to one million barrels, a deputy oil minister told media over…
Crude oil and fuel shipments from Qatar are set to become more expensive after the United Arab Emirates imposed a port-wide ban on vessels carrying these commodities from Qatar. This…
Mexico City is making moves to secure its annual oil price hedging program, according to sources familiar with the process who spoke to Bloomberg. A finance team has begun to…
Ghana’s Sankofa field will restart production three months earlier than anticipated, according to a new announcement from the project’s partners on Friday. Italian Eni holds a 44.44 percent stake…
Azerbaijan’s Energy Minister Natig Aliyev died on Friday in Turkey, and his body will be flown to Azerbaijan’s capital Baku on Saturday, Upstream Online reports, quoting the Azeri Energy…
A court of first instance in Brussels has ruled that Russian assets in Belgium—frozen at the request of former Yukos shareholders as part of their legal battle against Russia—be unfrozen,…
This year Russia’s budget is reaching its highest level of resistance to oil price swings in the past nine years, Russian Finance Minister Anton Siluanov told Parliament on Friday.…
Norway’s Statoil has announced an announced with BP to take over exploration for oil and gas in four blocks in the Great Australian Bight. The agreement, approved by the Australian…
China’s crude oil imports went up by 15.4 percent on an annual basis last month on the back of more purchases coming from state-owned companies, Platts reports. The daily…
Two Qatari LNG tankers carrying a combined 524,000 cu m of the fuel suddenly changed course in the Gulf of Aden on their way to the Suez Canal yesterday, energy…
By 2018, oil projects in the Congo Republic will boost output by 25 percent to 350,000 barrels per day according to a new report by Reuters. By next year,…
A $1.2 billion spending plan will allow Nigeria the refining upgrades it needs to terminate its dependence on refined oil imports in two years’ time, according to Oil Minister Ibe…
The militants who wagered a war against Nigerian oil output in 2016 are banding together once again to threaten the African nation’s energy sector. Corporal Oleum Belum, spokesman for…
Just a day after Abu Dhabi was said to have removed the restrictions on Qatar operated, owned, or flagged tankers to call at UAE ports, the port authority backtracked and…
The oil-rich autonomous region of Kurdistan has scheduled its long-awaited independence referendum for September 25, President Masoud Barzani said in a tweet. The referendum may cost Iraq a large…