Iran’s response was pure political…
Climate change is not just…
Sanctions on Russian copper, aluminum,…
Brazil’s state oil giant Petrobras reported a net loss of US$5.38 billion for the third quarter of the year, on the back of asset impairments and “investment in associates”.…
Petrobras will begin selling off huge “pre-salt” oil fields to raise cash for the desperate Brazilian national oil company, according to new legislation by the South American nation’s Congress. Politicians…
Subsidiaries of oil majors Schlumberger and Golar LNG signed an agreement to pursue a joint venture for the Fortuna project, which will be executed in Equatorial Guinea’s offshore Block…
The Iraqi authorities are postponing bidding on 12 oil fields, back-tracking on an October auction announcement, and indicating that plans to change production contracts will be reviewed again. In October,…
Having struggled with a lower and more volatile price environment for the past two years, ConocoPhillips (NYSE:COP) said on Thursday that it would be seeking to reap up to…
Having plunged immediately after Donald Trump won the U.S. presidential vote, oil prices shook off the shock from the surprise election victory, almost pared losses, and were even trying to…
Contracts for crude oil production in Nigeria for the 2017 term will be awarded in the middle of December, according to a source from the Nigerian National Petroleum Corp.…
The UK has deployed its most advanced warship to guard commercial shipments through a narrow strait off the Yemeni coast, through which most of Britain’s oil and gas supply travels,…
Growing LNG imports and increased pipeline capacity for imports could result in China having an excess of 50 billion cubic meters of natural gas by 2020, Platts reported, quoting…
Nigeria’s most notorious militants sabotaging oil infrastructure, the Niger Delta Avengers (NDA), have said they bombed late on Tuesday the Trans Forcados pipeline, in the third attack in just…
Just when western oil majors started resuming investments in Iran’s oil and gas after the lifting of the sanctions, the election victory of Donald Trump – who has spoken…
Iran has announced the launch of production at the North Yaran field, which it shares with Iraq, after years of delay. The development manager of the field, Arash Baqerzadeh,…
The latest American Petroleum Institute (API) report shows a crude oil build more than two times larger than experts expected, after last week’s government report revealed a record
In its bid to dramatically increase vehicle production, Tesla Motors Inc (NASDAQ:TSLA) said on Tuesday that it had signed a deal to buy German company Grohmann Engineering, which…
U.S. oil drillers have reaped a combined US$28 billion from secondary stock offerings so far this year, as they are buying land and raising capital for M&A, fuelfix reported…
France’s oil and gas major Total SA (NYSE:TOT) said on Tuesday that it had signed a preliminary deal to invest billions of dollars in the development of a…
BP and Oman Oil Company have signed an agreement with the government of Oman to extend their licensing agreement in Oman's huge Khazzan gas field, paving the way for a…
Japan Petroleum Exploration (Japex) said Tuesday it will postpone launching its Hangingstone oil sands expansion project in Alberta, Canada, until mid-2017, which will result in a cost increase for…
The Trans Forcados pipeline, which feeds crude from the Niger Delta to the Shell-operated export terminal of the same name, was again bombed in the early hours of Tuesday.…
Iran’s Navy will escort all tankers and other commercial vessels leaving the coast of the country to ensure their safe passage through risky waters. This is what Rear Admiral Habibollah…