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Oil & Gas Trade
What the Attacks on Saudi Aramco’s Main Oil Plant Mean for Its Massive IPO
Smoke billows from an Aramco oil facility in Abqaiq about 37 miles southwest of Dhahran in Saudi Arabia's eastern province on September 14, 2019, after drone at…
Oil & Gas Trade
US Blames Iran For Energy Prices Spike After Saudi Oil Attack
Global energy prices spiked on Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, an a…
Oil & Gas Trade
US Sanctions Bringing China and Iran Together
A report by Reuters last week showed that, while sales of Iranian crude oil have significantly diminished, Tehran’s exports of oil products have hardly been af…
Oil & Gas Trade
U.S.to Challenge Saudi Arabia's Position As the World's Leading Oil Exporter
The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world's leading oil exporter, after briefly overtaking the O…
Oil & Gas Trade
UAE can Play Major Role in India's Transition to Gas-Based Economy
The United Arab Emirates can play a major role in India’s ambitious transition from hydrocarbon economy to a gas-based economy as the two countries are "enjoy…
Oil & Gas Trade
U.S. briefly overtakes Saudi Arabia as top oil exporter: IEA
Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Thursday, buoyed by lower prices brought on by abundant supply…
LNG
Nigeria LNG Signs EPC LOI for Train 7 with An International Consortium
Nigeria LNG has signed a Letter of Intent (LOI) for the engineering, procurement, and construction (EPC) of Train 7 with an international consortium.
Oil & Gas Trade
Iran Says Tanker Oil Sold at Sea, Buyer Sets Destination
Iran’s envoy to London said on Wednesday the oil cargo of tanker Adrian Darya 1 was sold at sea to a private company, denying Tehran had broken assurances it h…
Oil & Gas Trade
Saudi Arabia´s New Energy Minister Reportedly Endorsed Curbing Oil Output
Saudi Arabia´s new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing na…
Shell Leads Big Oil in the Race to Invest in Clean Energy Tech
Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European majors that are we…
Oil spill caused by Hurricane Dorian is 'catastrophic,' environmentalists report
A Norwegian owned oil storage facility on Grand Bahama was damaged during Hurricane Dorian and has caused a 'catastrophic' oil spill, as reported by Bahamas Pre…
Oil & Gas Trade
Exxon Mobil Agreed to Sell Its Norwegian Oil and Gas Assets at $4 billion
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a…
Shell Leads Big Oil in the Race to Invest in Clean Energy Tech
Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European majors that are wel…
$20B Danish Fund Ditches Oil Supermajors Over Climate Concerns
The US$20-billion Danish fund MP Pension said on Tuesday it is excluding the world’s largest oil companies from its portfolio, looking to secure long-term retu…
Oil & Gas Trade
US Sanctions on Iran's Oil Industry have Slashed the OPEC Member's Crude Exports
While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 percent, oil product sales from the Islamic Republic re…
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