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Oil & Gas Trade
US Slaps Sanctions on Russian Oil Company Trading with Venezuela
The Trump administration Tuesday imposed economic sanctions on Rosneft Trading SA, a Geneva-based subsidiary of Russia’s state-owned oil giant, charging it wit…
U.S. Sanctions Rosneft Unit for Ties to Venezuela Oil Production
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA,…
Carbon Neutral
Can BP Become Carbon Neutral?
BP’s new chief executive Bernard Looney outlined an ambitious new objective on Wednesday to make the oil giant carbon-neutral by 2050 - the most exacting susta…
Oil & Gas Trade
Libya’s Oil Chief Denounces Port Blockades As Crude Output Plummets
Blockades of Libya’s export terminals risk cutting off virtually all of the OPEC member’s 1.2 million barrels per day in crude oil exports, warned the chairma…
Oil&Gas Drilling
Libya Says Oil Shutdown Caused Over $255 Million in Losses
The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the co…
Adnoc Signs Deal With Italy's Eni to Collaborate on Carbon Capture Research
Abu Dhabi National Oil Company signed a strategic framework agreement with Italy’s energy company Eni to explore opportunities to collaborate on carbon capture…
Adnoc Signs $23bn Energy Deals With Indonesia's Pertamina And Chandra Asri
Abu Dhabi National Oil Company signed a preliminary agreement with Indonesia's Pertamina and Chandra Asri to explore the possibility of developing a crude-to-pe…
Oil & Gas Trade
Venezuela's PDVSA to Deliver Gasoline to Fuel-starved OPEC Nation
With an emoji of a flexing bicep, Venezuelan state oil company Petróleos de Venezuela, S.A., or PDVSA, on Tuesday celebrated what was once a routine task in th…
Crude Oil
Libya’s Largest Oil Refinery Faces Closure Amid Clashes
Libya’s national oil company said Saturday it may face closure because of clashes close to its refinery in the country’s western port. The NOC said in a state…
Oil&Gas Drilling
Russian Oil Company Enters Two Blocks Offshore Egypt
Russian state-controlled oil company Zarubezhneft has entered into a production sharing agreement for two offshore blocks blocks in Egypt.
Oil&Gas Drilling
Canada approves CNOOC’s offshore drilling project
The Chinese oil company (CNOOC) has received permission to drill in Canada’s Flemish Pass, 400 kilometers east of St. John’s, Newfoundland and Labrador.
Crude
Saudi Aramco Arrive in Syria’s Oil Fields
Sources have disclosed that the Saudi Arabian Oil Company, commonly referred to as Aramco, has sent a delegation of experts to discuss investment opportunities …
Oil & Gas Trade
Russia Hopes to Sign A Dealto Duild An Oil Pipeline With Congo
Russia is hopeful of Russia's TMK and the Republic of the Congo's national oil company, SNPC, signing a deal soon to build an oil pipeline in the West African n…
Oil & Gas Trade
Aramco Floats to Become the World’s Most Valuable Company
Saudi Arabia’s state-owned oil company, Saudi Aramco, officially became the world’s most valuable company yesterday, after its floating on Riyadh’s stock exc…
Crude
Saudi Aramco Replaces Apple as World’s Largest Listed Company
Saudi Arabia’s oil company Aramco gained 10 per cent in its first moments on the stock market on Wednesday in a dramatic debut that held until closing and push…
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