Shell Is in Talks to Sell $1.3 Billion in Gulf Coast Assets
Royal Dutch Shell Plc, shedding assets to pay for its takeover of BG Group Plc, is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Continue Reading
European Nations Backing Hydrogen As Viable Alternative
On Tuesday, 25 European nations backed a measure to increase hydrogen use to power factories, drive vehicles, and heat homes. A non-binding agreement was signed in Linz, Austria, that delved Continue Reading
Is 2018 A Banner Year For Gazprom?
So far, 2018 has been a good year for Gazprom. The Russian state-owned company is the biggest investor in oil and gas projects in the world with $160 billion worth Continue Reading
Oil steady, supported by U.S. stocks and supply concerns
Oil prices steadied on Thursday but the market remained bullish after news of another fall in U.S. crude inventories and on signs that OPEC may not raise production enough to Continue Reading
U.S. oil prices surge as inventory draw adds to supply concerns
U.S. oil futures surged nearly 2 percent on Wednesday as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand amid ongoing global supply concerns Continue Reading
Investors get comfortable with Brent crude at $80 a barrel
Traders and investors have loaded up on bullish Brent oil bets this week, after signals that Saudi Arabia is in no rush to increase production, even with the price near Continue Reading
Indian oil refiner part-owned by Iranian company cancels Iran oil imports
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources Continue Reading
Nuclear Power Could Be Key In Reaching Climate Goals
Nuclear power could contribute to achieving the Paris Agreement targets on climate change, but it would need help of its own to do that, a new report from the International Continue Reading
Analysis: At Algiers summit, OPEC will keep a wary eye on Donald Trump
The last time OPEC and its partners met, in Vienna in June, they were on the receiving end of a thunderous tweet from US President Donald Trump, warning from across Continue Reading
U.S. seeking to negotiate a treaty with Iran: special envoy
The United States is seeking to negotiate a treaty with Iran to include Tehran’s ballistic missile program and its regional behavior, the U.S. special envoy for Iran said on Wednesday Continue Reading