The Trump administration is ready to block a Russian state-owned oil giant from gaining control of critical energy assets in the U.S. owned by Venezuela.
Read More »US Sanctions Force Russia’s Oil Giant Lukoil to Sell Its Distributor Litasko
Lukoil controls refineries in Romania. Bulgaria. Italy and the Netherlands. The company declined to comment on Reuters'. message about the possibility of Litasco selling.
Read More »Russia Aims to Spend $2.7 Billion on Arctic Development Before 2025
The Arctic has been in focus in recent years amid the deterioration of relations between Russia and the Western powers amid the Ukrainian crisis.
Read More »UAE`s Dana Gas Reaches Deal Over Delayed Kurdish Natural Gas Project
Kurdistan Regional Government says it will immediately pay $600m to Dana and its partners in the Pearl Petroleum consortium.
Read More »Largest US Oil Refinery Closes Due to Harvey
Gasoline prices spike as quarter of country’s oil refining capacity taken offline.
Read More »China Builds Methane Hydrate Venture in South China Sea
China is not the only country that is testing ‘fire ice’ deposits discovered in their waters.
Read More »South Pars Gas Output Rise 1 tcm Since 2002
Iran is developing the mega gas project in 24 phases. of which 19 have already gone on stream.
Read More »MAN Diesel & Turbo. a Leading Provider Company of Diesel Engines and Turbomachinery
The company employs around 14.500 staff at more than 100 international sites. primarily in Germany. Denmark. France. Switzerland. the Czech Republic. India and China.
Read More »Oil major Total Sees Growth in North Sea Output with Edradour & Glenlivet Start-up
The Edradour and Glenlivet development is near the French oil and gas giant’s existing Laggan-Tormore fields which started production in February 2016.
Read More »Traders in Asia Hunt Oil Products to Send to US
Traders will try to keep discharge options open so that they are able to anticipate any potential delays in discharging the cargoes.
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