Sabotage Of Nigerian Pipeline Causes Force Majeure
Nigerian firm Aiteo Oil Exploration and Production Company , has discovered that sabotage was the cause of the fire that caused Nigeria’s oil production to fall 8% per day, creating Continue Reading
Nigeria: Reps Okay Bill to Help Plug Revenue Leakages in Oil Sector
The House of Representatives, on Wednesday, passed a bill seeking to help plug leakages in government’s streams of income in the oil sector for second reading. This followed a motion Continue Reading
Venezuela’s April crude exports rise to 955,000 b/d after blackouts
Venezuela’s state-owned PDVSA is set to export 955,000 b/d of crude in April, up from 843,000 b/d in March, when several blackouts crippled export infrastructure, according to the company’s monthly Continue Reading
Opposition Leader Juan Guaido May Be On the Hook for Citgo “Theft”: Maduro
Disputed Venezuelan President Nicolas Maduro has publicly criticized the “theft” of its state-owned and US-based refining operations, Citgo, in a radio broadcast on Tuesday, adding that those responsible of this Continue Reading
Venezuela congress’ finance committee authorizes PDVSA 2020 bond payment
Venezuela’s opposition-controlled National Assembly’s finance committee on Wednesday authorized a $71 million interest payment on state-owned oil company PDVSA’s 2020 bond, which is backed by shares in its crown jewel Continue Reading
Warp factor: Asia’s LNG markets distorted by oil price surge
SINGAPORE (Reuters) – Asia’s liquefied natural gas market is being distorted as the cost of LNG bought under long-term contracts linked to oil prices jumps to double spot gas cargoes Continue Reading
US hopeful Asian importers can make smooth transition away from Iranian oil
Singapore — The United States believes the world oil market is well supplied to ensure supply stability, and Washington is working with both producers and importers to ensure smooth energy Continue Reading
Occidental offers $38 billion for Anadarko, topping Chevron
Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 Continue Reading
U.S. crude stockpiles jump on rise in imports: EIA
U.S. crude oil stockpiles rose last week to their highest in about a year and a half as imports increased, even as refiners sharply ramped up output ahead of the Continue Reading
Occidental Seeks to Buy Anadarko for $38 Billion, Topping Chevron’s Offer
Occidental Petroleum Corp. offered to buy Anadarko Petroleum Corp. for $38 billion, launching a potential bidding war for a company that agreed earlier this month to be purchased by Chevron Continue Reading