The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals.
Read More »Offshore Aviation Heavyweights Bristow. Era Merge
Offshore aviation transportation companies Bristow Group and Era Group announced that they entered into a definitive agreement to combine the two companies.
Read More »U.S. Crude Production from Tight Formations Continues to Grow
U.S. oil production from tight formations increased in 2019. accounting for 64% of total U.S. crude oil production.
Read More »Exxon Looks to Divest UK. German Upstream Assets
Exxon Mobil plans to start gauging buyer interest in its UK and German upstream operations in the coming weeks as the oil major continues.
Read More »Brazil to Stay Out of OPEC to Make the Most of Output Expansion
Brazil. which became a net oil exporter last year. wants to expand its footprint in global energy markets without joining OPEC.
Read More »New $212m Financing for Climate-Friendly Projects in Vietnam
The funding from IFC will enable VPBank to expand its lending to small and medium businesses and boost financing for projects that help reduce carbon emissions.
Read More »Iran. Portugal Geoparks Sign Cooperation Agreement
A memorandum of understanding (MoU) has been signed between Iran’s Qeshm Geopark and Portugal’s Naturtejo Geopark to promote cooperation between the two geoparks.
Read More »Iran. Turkey Sign 18 MoUs for Marketing Knowledge-Based Products
Iran has signed as many as 18 cooperation documents and contracts with Turkey in scientific and technological fields.
Read More »Oil Prices Expected to Remain in $61-$65 Range in 2020
Economic conditions in the Gulf region are expected to moderately improve in 2020.
Read More »UK Financing Fossil Fuel Projects Overseas Emitting 69m Tonnes of Emissions
The projects are backed by UK Export Finance – a government agency in the Department for International Trade – that provides loans and financial guarantees to UK companies involved in major projects around the world.
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