Exxon’s ``inadequate response to climate change constitutes a serious failure of corporate governance.
Read More »Aramco Enters U.S. Shale Gas Business with Sempra LNG Deal
Saudi Arabia is tapping into the U.S. shale revolution that will primarily ship the fuel to buyers in Europe and Asia.
Read More »Saudi Taqa has Purchased Schlumberger`s Middle Eastern Drilling Business for $1.2 Billion
Taqa plans to use about $800 million of its own funds for the planned acquisitions.
Read More »Russia Stopped Oil Export to Europe Due to Contamination
Supplies of oil and refined products to the Polish market will be maintained from stockpiles until the situation is resolved.
Read More »Iran Threatens to Close Strait of Hormuz if Waivers End
The Strait of Hormuz is a narrow waterway carrying a fifth of the world’s traded oil.
Read More »Signs of Recovery for Schlumberger. Halliburton amid Earnings Pain
Oil services were hit hard by the steep sell-off in the oil market that started in 2014.
Read More »Rick Perry Plans to Leave the Trump Administration
Trump is said to have considered him as a contender to lead the Homeland Security and Veterans Affairs departments.
Read More »Saudi Aramco Tends to Boost Its Refining Network by 2030
Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.
Read More »Trump`s Plan to Preserve Benefits for Oil Drillers in Future
The Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms.
Read More »OPEC Wants Oil Producers to Prevent a Surplus This Year
Production from OPEC’s 14 members dropped by 221.000 bpd to 30.55 MMbpd in February.
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