In 2015 Schlumberger agreed to buy 45.65% of EDC for $1.7 billion but the deal fell through after FAS repeatedly postponed its approval.
Read More »Iran Air to Make Initial Decision on Plane Financiers in a Month
The state-run airline has received seven of its ordered planes so far. including three Airbus and four ATR. The delivery of the rest hinges on provision of financing for the purchases.
Read More »Senators Urge Trump to Avoid Blockade of Venezuela Oil Shipments
A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.
Read More »US Sanctions Impact Gazprom’s Position in Ukraine Gas Transit Talks
US President Donald Trump in early August signed a law that envisions the expansion of a number of sectoral sanctions against the Russian economy.
Read More »Reappointment of OPEC Veteran Zanganeh as Oil Minister Echoed in the World Media
Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.
Read More »New US Sanctions on Russia Increase Uncertainty on European Gas Markets
The U.S.'. latest law imposing new sanctions on Russia materially increases uncertainty in European gas markets.
Read More »German Economy Is at Risk Due to New US Sanctions Against Russia
As the media notes. the new sanctions were not coordinated with the European countries.
Read More »Austria`s OMV to Make Conclusions on New US Sanctions Against Russia
The new US sanctions are supposed to limit the financing period for sanctioned Russian banks to 14 days. and for sanctioned oil and gas sector companies to 60 days.
Read More »Oil and Gas Added $1.3 Trillion to The U.S. Economy in 2015
Oklahoma. Wyoming. North Dakota. and Texas held the highest proportion of jobs directly related to the oil and gas supply chain.
Read More »Beijing Defends East China Sea Activities After Japan Protests
China insists oil and gas exploration is taking place within its own waters after long-standing territorial dispute flares up.
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