Discussions between India’s largest company, Reliance Industries, and Aramco, the world’s single biggest oil producing firm, have hit a stumbling block as the Indians want higher valuation than the Saudis Continue Reading
Venezuela, the country sitting on the world’s largest oil reserves, could be pumping as little as below 500,000 bpd of crude oil next year amid the economic and political crisis, Continue Reading
Hope for crisis-stricken Venezuela may be dwindling, but Chevron—who has been steadfastly operating in the country for almost 100 years despite the unattractive business environment—can rest a bit easier today Continue Reading
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp’s ( CVX.N ) operations in Venezuela, with Secretary of State Mike Pompeo Continue Reading
A Chinese bank asked a federal judge on Tuesday to deny Philadelphia Energy Solutions’ initial bankruptcy requests, arguing it should get priority over any insurance payouts after a June fire Continue Reading
The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt to tighten restrictions on the Islamic Republic and cut off one of its Continue Reading
An increasingly tighter supply of heavy crude will in all likelihood help Canada’s oil industry weather the unfavorable effects of the so-called IMO 2020 rules, which stipulate a much lower Continue Reading
Operators in the Permian have been failing to report the completion of some oil wells, according to one data analytics company. Hydraulic fracturing (fracking) activity was underreported by 21 percent Continue Reading
Record-high temperatures are expected across France – including the capital, Paris The French city of Bordeaux has hit its highest temperature since records began, as Western Europe braces for the Continue Reading
French nuclear generation fell to 38 GW Wednesday as 4 GW of heat-related restrictions took effect at the Golfech and Saint Alban nuclear plants in southern France, data by grid Continue Reading
