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Oil & Gas Trade
Saipem Wins Two Saudi Offshore Oil Contracts Worth Us$1 Billion
Saipem, an Italy-based global provider of engineering and construction services for the energy and infrastructure segments, announced two projects across three …
LNG
Canada's LNG Energy Signs Venezuela Oil Contract
Under the agreement, LNG will have a contractual entitlement to between 50-56 per cent of the hydrocarbons production, the statement said. — Reuters picCanada-…
Biofuel
VEGOILS-Palm Falls Over 3% After News of Smaller-Than-Expected US Biofuel Mandate
Malaysian palm oil futures fell more than 3% on Wednesday following news of a U.S. plan to implement a smaller biofuel mandate than it had initially proposed.Th…
Crude Oil
Petroecuador Begins Meetings to Renegotiate Contracts with PetroChina
Ecuador's state-owned oil company Petroecuador has started meetings to renegotiate long-term sales oil contracts with PetroChina, a process it hopes to conclude…
Crude Oil
Iraq to Review Some Oil Contracts at High-Cost Fields
Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production.