Russia-based Novatek’s (ticker: NVTK) Yamal LNG project has received a new infusion of capital from a new Chinese investment firm called China Insurance Investment Ltd. The firm is comprised of 46 …
Oil exports are expected to remain static in the world’s 20 largest exporters according to the latest release of the PRIX global index…
Oil prices were up Monday morning as tension between nations in the Middle East continue to rise. Saudi Arabia’s execution of Shia Muslim cleric Nemer al-Nemer on Saturday ignited rage in Tehran, where …
Five years ago, U.S. oil major ConocoPhillips (ticker: COP) sold its single largest asset in Russia, a stake in Lukoil (ticker: LKOH), for $9.5 billion.
Last week COP announced that it has sold …
During a visit to China, Iraqi Prime Minister Haider al-Abadi signed a memorandum …
Cooperation is abundant. Russian shipyard Red Barricades is in talks with Iranian companies on joint construction of offshore platforms to drill for oil in the Persian Gulf, the shipyard’s …
During his time in office, both as the Russian president and prime minister, President Vladimir Putin has held a conference every year. The conference is held with members of the press, both …
The United Kingdom’s Oil and Gas Authority awarded 93 new licenses to explore for oil and gas last week. Around 75% of those exploration licenses relate to shale oil …
No oil and gas companies were in attendance for Major League Baseball’s winter meetings (baseball’s equivalent of Christmas with its free agent signings, discussions, swaps and trades), but two industry giants independently agreed to a swap of their own on …
The Organization of Economic Cooperation and Development saw commercial stocks of crude oil draw down for the first time …
TransCanada (ticker: TRP) announced today that the company has signed three new agreements with First Nations groups in connection to the company’s Coastal …
In the group’s monthly release out today, OPEC reported that the group produced 31.695 MMBOPD, the most it has produced since 2009 reports The Wall Street Journal. The higher …
The Norwegian Ministry of Petroleum and Energy is expected to announce the rewards of the 23rd licensing round on the Norwegian continental shelf (NCS) late in the first half …
For the first time in 17 years, Venezuela’s opposition party claimed a majority position in the National Assembly.
Results from the election, held Sunday, indicate that the Democratic Unity Roundtable (Mesa …
Just over a year after deciding to change its focus to defending market share rather than oil prices, OPEC members left …
Oil prices fell lower today as OPEC showed no signs of changing its policy of defending market share, which the group started on Thanksgiving Day of last year. U.S. crude benchmark WTI …
As tensions continue to rise following Turkey’s decision to shoot down a Russian fighter jet November 24, the oil trade has become a target in an exchange of blows. Russian …
Over the course of last weekend, Iran outlined the contractual terms on its new Iranian Petroleum Contracts (IPCs). Iran hopes to use the new contract terms to attract international investors to its …
Anadarko Petroleum Corp. (ticker: APC) announced today that it reached an agreement with concessionaires in its Offshore Area 1 …
From Deal Street Asia:
Tata Sons is the
…
The International Monetary Fund (IMF) announced Monday that the international lender will include the Chinese renminbi, or yuan, in its basket of currencies that …
Demand for deposits dropped 4.7%, or about $13.5 billion, in Saudi Arabia over the course of October, forcing banks to borrow more from each other. The rate at …
Last November 27, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided …
Remember the iconic 1960-era engineer? He wore a pocket protector in the shirt pocket of his short-sleeved white dress shirt. He usually had two or three ballpoint …
The global coal trade declined for the first time in 21 years in 2014, and likely contracted further this year as well, according to information from the Energy Information Administration (EIA). The …
Technological advances in the oil and gas industry have reformed the United States economy, but government policies are preventing the business sector from reaching its full potential.
That is the assessment of the Business Roundtable, based on a 31-page report …
As the battle against ISIS continues, allied forces are increasingly targeting oil assets and the convoys of trucks being used to smuggle oil from ISIS-controlled oilfields. …
China’s National Development and Reform Commission (NDRC), the country’s top economic planner, announced this week that it plans to reduce the benchmark city-gate prices for natural gas by 0.7 yuan ($0.11) per …
Husky Energy (ticker: HSE) announced today that the company sanctioned the Rush Lake 2 project, a 10,000 barrel per day (MBOPD) modular heavy oil thermal project, and the next …
*Note: All figures in Canadian dollars unless said otherwise
The Obama administration’s rejection of the Keystone XL pipeline on November 6, 2015, was not a huge surprise to the public majority following the …
