October 16, 2017

From The Washington Post One person is missing and seven were injured after an explosion at an oil rig in a Louisiana lake just north of North Orleans. The explosion happened just after 7 p.m. Sunday in Lake Pontchartrain off Kenner, La. Officials are still investigating the cause, though they said cleaning chemicals ignited on the surface of the oil rig platform.

From Reuters DUBAI/LONDON (Reuters) – China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s biggest oil producer on the stock market. Chinese state-owned oil companies PetroChina (0857.HK) and Sinopec (0386.HK) have written to Saudi

From Economic Times New Delhi – Reliance Industries has exited the last of its overseas oil and gas assets after it relinquished two blocks in Myanmar. Earlier this month, it sold one of the three shale oil and gas blocks it had in the United States for US $126 million, a third of the price it paid seven years ago. “Relinquishment of