Source: Reuters
Russia’s energy minister has told Reuters his country should reform oil taxation to bring into production some 10 billion tonnes of currently uneconomic reserves and boost producers’ margins to compete better with rivals such as U.S. shale firms.…
Source: Reuters
Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, putting new pressure on the U.S. sanctioned country and on …
Source: Reuters
Police snipers fired at demonstrators in Baghdad on Friday as the death toll rose to 65 people in three days of violent national protests against government corruption.
Prime Minister Adel Abdul Mahdi called for calm as more than …
Valeura Energy Inc. (TSX:VLE)(LSE:VLU) (“Valeura” or the “Company“), the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation play in the Thrace Basin of Turkey in partnership with Equinor, announces that Lyle …
Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce the appointment of Mr. Tony Berthelet as Chief Operating Officer (“COO”). Mr. Berthelet is a Professional Engineer with over 20 years of …
Russia could help Cuba build nuclear power plants and kickstart the country’s oil and gas development, Russian state-run media reported.
The two countries have the framework for an intergovernmental agreement on cooperation in using nuclear power for peaceful purposes, including …
Source: Reuters
Ecuador’s President Lenin Moreno declared a state of emergency on Thursday as nationwide protests broke out over the end of decades-old fuel subsidies in a government fiscal reform package worth more than $2 billion a year.
“Down with …
Mexico will soon unveil a set of major infrastructure projects drawn up by the private sector to lift the economy, President Andres Manuel Lopez Obrador said on Wednesday, seeking to banish the specter of recession from his young …
Cameron County commissioners voted to approve tax abatement deal worth tens of millions of dollars for Houston liquefied natural gas company Annova LNG to build an export terminal at the Port of Brownsville.
Some 80 supporters and …
BP (BP.L) Chief Executive Officer Bob Dudley said on Wednesday he plans to step down next year following a tumultuous decade at the helm of the oil and gas company.
Dudley, who turned 64 last month, …
A consortium formed by Hokchi Energy, Talos Energy and Wintershall Dea has given up a Mexican oil contract in the Gulf of Mexico’s shallow waters due to lack of commercial discovery, the country’s oil regulator said on Wednesday.…
South Korea’s top refiner, SK Energy, chartered a supertanker to ship U.S. crude to South Korea in November for a record $10 million as freight rates surge after the United States imposed sanctions on a Chinese firm, sources …
Source: Reuters
Russian President Vladimir Putin said on Wednesday that there was no evidence that Iran was responsible for an attack on Saudi oil infrastructure last month and that the United States had not presented any proof of Iran’s role.…
Source: Houston Chronicle
This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s.
OPEC’s oil production tumbled the most in 16 years last month after the …
The bosses of ExxonMobil and BP are set to take part in an energy conference presided by Russian President Vladimir Putin in a rare trip to Moscow despite a wider political standoff between Russia and the West.
ExxonMobil …
OPEC’s oil production tumbled the most in 16 years last month after an attack on Saudi Arabia’s energy facilities temporarily halved output in the world’s biggest crude exporter.
Supplies from the cartel’s 14 members plunged by …
Australian liquefied natural gas company LNG Limited is one step closer to getting permission to boost capacity at its proposed Magnolia LNG export terminal in Louisiana.
The Federal Energy Regulatory Commission released a draft environmental statement …
U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG (TGP.N) said its shipping joint venture in Russia had been “blocked” because of …
Sempra Energy (NYSE: SRE) today announced that it has entered into an agreement to sell its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur S.A.A. (Luz del Sur), to China Yangtze …
Source: Reuters
Shipments of Canadian crude from the U.S. Gulf Coast since May have more than doubled all of 2018’s exports as Asian refiners scramble for heavy sour oil, according to vessel-tracking data, traders and industry sources.
Following U.S. sanctions …
Source: Houston Chronicle
Petroleos Mexicanos’s head of crude oil trading Victor Briones has left the company, people familiar with the matter said Thursday.
Briones, who worked for two decades at PMI, the trading arm of Mexico’s state-owned oil company, left …
Source: Reuters
The British-flagged Stena Impero tanker sailed out of Iranian waters on Friday, the owner said, after it was detained in July during a row with Britain that has stoked tensions in the Gulf.
The Stena Impero left Iran’s …
Source: Reuters
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in …
On September 20, 2019, Excelerate Energy L.P. (Excelerate) received the Notice to Proceed (NTP) from the Philippine Department of Energy (DOE) to develop a floating liquefied natural gas (LNG) import terminal in the Bay of Batangas per the DOE’s …
Source: Reuters
Iranian President Hassan Rouhani said on Thursday he expected the British-flagged oil tanker Stena Impero, seized by Iran in July, to be released after the completion of legal procedures in his country.
“The tanker is going through the …
Source: Reuters
Satellite imagery of Saudi Arabia’s Abqaiq oil processing plant, which was damaged in an attack on Sept. 14, show signs of a return to thermal activity, data analytics firm Kayrros said on Thursday.
Kayrros also said that flaring …
Source: Houston Chronicle
Exxon Mobil will sell its oil and gas assets in the Norwegian North Sea for $4.5 billion to a Norway firm backed by Italy’s Eni and private equity funding.
The anticipated sale continues the exodus of the …
Source: Reuters
A Canadian company has loaded a test cargo of solid bitumen onto a vessel destined for a refinery in China, the latest effort by the energy industry to avoid congested export pipelines and find new ways to export …
Source: Reuters –
A sweeping oil reform enacted several years ago in Mexico came under fresh attack from President Andres Manuel Lopez Obrador on Tuesday, as he dismissed it as a give away that has yielded no additional output from …
Source: Reuters
A Canadian court on Tuesday granted a temporary injunction against legislation enabling the province of Alberta to restrict the flow of oil and gas to neighboring British Columbia.
Alberta enacted Bill 12, dubbed the “turn off the taps …
