(Investing) – ABU DHABI – U.S. Energy Secretary Chris Wright said on Friday that the United States could stop Iran’s oil exports as part of President Donald Trump’s plan to pressure Tehran over its nuclear programme. The January return to the White House of Trump, who in his first term withdrew the U.S. from a 2015 nuclear accord with Tehran
(BOE Report) – Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. ADNOC has done a string of acquisitions in gas and chemicals, which along with LNG and renewables it
(Oil Price) – BP expects to post a weak natural gas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations. Reported upstream production in the first quarter is expected to be lower compared to the prior quarter, with oil production slightly higher and
(Oil Price) – The April market rout, which crashed oil prices into the low $60s per barrel, is creating additional fiscal challenges to petrostates and oil-producing countries heavily dependent on oil revenues, on top of any tariff-related hardships. As Brent Crude prices sank to $63 per barrel, major producers in the Gulf region, as well as Brazil and Nigeria, are looking to contain
(BOE Report) – GAIL India Ltd issued a tender on Friday to buy an up to 26% stake in a liquefied natural gas project in the United States combined with a 15-year gas import deal, aiding New Delhi’s efforts to narrow its trade surplus with Washington. India is racing to become one of the first to agree a trade deal
(World Oil) – Prime Minister Mark Carney pledged to make Canada the world’s “leading energy superpower” through a plan that includes establishing a single office that would decide on major projects within two years. The Liberal Party leader said at a campaign stop in Calgary that his government would create a Major Federal Project Office with a “one project, one review”
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 7 over last week, resulting in a total count of 583 rigs. Canada had a decrease of 15 over last week, resulting in a total Canadian count of 138 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Barnett, and the Haynesville regions experienced an
(Investing) – HOUSTON- At least two vessels carrying Venezuelan crude chartered by Chevron (NYSE:CVX) are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member’s buyers, two sources with knowledge of the matter said on Friday. The U.S. oil producer awaits customs paperwork to return the
