Rosneft clears final hurdle for US$13 bn acquisition of Essar Oil June 25, 2017 // 1 Comment Officials from Russia’s national oil major Rosneft have said it has received the go ahead for the US$13 billion [...]
Climate targets could lead to trillions of losses in oil, gas projects –report June 21, 2017 // 2 Comments If international climate targets are reached, oil firms including Exxon Mobil and Royal Dutch Shell could lose more than a [...]
Rosneft discovers possibly biggest oil deposit offshore Eastern Arctic June 19, 2017 // 2 Comments Russian state-owned oil major Rosneft has discovered an oil field in the Laptev Sea in the Eastern Artic as a result of the [...]
Indian firms in jv for petchem complex in Maharashtra June 16, 2017 // 2 Comments India’s state-owned oil companies, Indian Oil Corp. (IOC), Bharat Petroleum Corp. (BPCL), and Hindustan Petroleum Corp. [...]
OPEC to reduce oil output over next five years –Khalid al-Falih June 12, 2017 // 6 Comments Members of the Organization of the Petroleum Exporting Countries (OPEC) will significantly reduce oil production over the [...]
India’s state-run oil firms set up new system for daily fuel pricing changes June 12, 2017 // 1 Comment State-run oil marketing companies in India will be implementing a new system they have set up for the smooth rollout of the [...]
Saudi Aramco crude prices to Asia, US rise on high demand June 5, 2017 // 1 Comment After the extension of the production cut deal between OPEC and non-OPEC members this month, the pricing for Saudi [...]
Cardinal Energy to buy Apache’s Canadian oil assets for US$244 mn June 2, 2017 // 3 Comments Cardinal Energy Ltd., a Canada-based oil-focused company, will purchase the Canadian oil assets of US oil and gas producer [...]
IEA: Oil market expected to tighten by 2022 May 31, 2017 // 3 Comments The International Energy Agency (IEA) expects the oil market to gradually tighten due to lower upstream investments and [...]
Iran signs oil-for-goods barter deal with Russia May 29, 2017 // 1 Comment Iran and Russia have signed an agreement to trade oil for products, according to an announcement made by Iranian Oil [...]