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Breaking News:

Libyan Oilfield Is Offline Again

Iran's Most Powerful Oil Man Is Under Fire

Iran's Most Powerful Oil Man Is Under Fire

Bijan Zanganeh, Iran’s long-standing and…

News

Oil Major Faces Off Against Papua Government

Oil Major Faces Off Against Papua Government

Nov 22, 2019 at 11:59 | Irina Slav

Papua New Guinea’s oil minister has accused Exxon of refusing to negotiate a $13-billion LNG project on the country’s government’s terms, Reuters reports, citing the official as saying the…

U.S. Treasury: Citgo Assets Won’t Be Claimed

U.S. Treasury: Citgo Assets Won’t Be Claimed

Nov 22, 2019 at 10:30 | Irina Slav

The U.S. Department of Treasury has blocked any attempts by PDVSA compensation claimants and creditors to get their hands on the Venezuelan company’s U.S. subsidiary, banning all moves to “transfer…

Canada’s Railway Strike To Cause Billions In Damage, Create Fuel Shortages

Canada’s Railway Strike To Cause Billions In Damage, Create Fuel Shortages

Nov 22, 2019 at 09:31 | Tsvetana Paraskova

Crude-by-rail shipments from Canada’s oil-rich province Alberta have nearly halted, while other provinces face critical shortages of propane, as the strike at Canadian National Railway drags on for a fourth…

OPEC+ May Extend Output Cut Deal Until June 2020

OPEC+ May Extend Output Cut Deal Until June 2020

Nov 21, 2019 at 16:59 | Tsvetana Paraskova

OPEC and its Russia-led non-OPEC partners in the production cut deal may roll over in early December the current cuts into June 2020, as Russia will likely support the cartel’s…

Aramco IPO Raises $20 Billion In Orders

Aramco IPO Raises $20 Billion In Orders

Nov 21, 2019 at 16:40 | Julianne Geiger

The Saudi Aramco IPO has garnered $19.47 billion (73 billion riyals)  in institutional and retail orders so far, Saudi Arabia’s  Samba Financial Group reported on Thursday afternoon, according to…

The U.S. Just Approved Four More LNG Projects

The U.S. Just Approved Four More LNG Projects

Nov 21, 2019 at 16:19 | Tsvetana Paraskova

The U.S. Federal Energy Regulatory Commission (FERC) approved on Thursday another four liquefied natural gas (LNG) projects, which will add to the growing American LNG exports in coming years.…

Supermajor Looks To Dump $25 Billion In Oil And Gas Assets

Supermajor Looks To Dump $25 Billion In Oil And Gas Assets

Nov 21, 2019 at 16:02 | Tsvetana Paraskova

U.S. supermajor ExxonMobil is considerably increasing its asset sales program, expecting to shed oil and gas assets in Asia, Europe, and Africa worth up to US$25 billion, in order to…

U.S. Regulators Race To Save $20 Billion Of Oil & Gas Resources

U.S. Regulators Race To Save $20 Billion Of Oil & Gas Resources

Nov 21, 2019 at 14:07 | Tsvetana Paraskova

The U.S. federal agencies regulating offshore leases are considering granting royalty relief to new oil and gas drilling in shallow waters in the Gulf of Mexico, in a bid to…

UK Oil Sector May Be Hit With More Taxes

UK Oil Sector May Be Hit With More Taxes

Nov 21, 2019 at 12:30 | Tsvetana Paraskova

Shares in UK-listed oil companies slumped on Thursday as Britain’s main opposition party, the Labour Party, vowed to increase taxes on the sector in a pledge for a greener economy,…

Maduro Pledges 30 Million Barrels Of Oil To Back Shaky Cryptocurrency

Maduro Pledges 30 Million Barrels Of Oil To Back Shaky Cryptocurrency

Nov 21, 2019 at 11:19 | Irina Slav

Venezuela will use some 30 million barrels of oil it has in storage as backing for its national cryptocurrency, the petro, Reuters reports, citing a speech by President Nicolas…


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