ConocoPhillips was awarded $8.75bn by the World Bank’s arbitration tribunal in re- sponse to Venezuela’s seizure of oil assets more than a decade ago. The Washington-based International Centre for Settlement of Investment…
Oil’s big reset: Energy majors learn to thrive after price crash
Bloomberg/London When Opec started an oil-price war in late 2014, most people believed US shale was doomed. In reality, the giant oil majors suffered most – burdened by expensive mega-projects, Chevron Corp,…
LNG Canada CEO sees no scenario that would stop its project
Bloomberg/Vancouver The head of LNG Canada said he does “not see a single scenario” that would stop the nation’s largest infrastructure project from getting built, dispelling concerns that the $30bn gas export…
China oil use seen peaking in 2025 as EVs and rail take over
SINGAPORE (Bloomberg) — The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travelers shift toward electric cars or even forgo…
‘China plans to sustain solar growth with its new policy’
Bloomberg/Beijing China’s plans to loosen its solar subsidy policy will keep growth of the world’s largest market intact, according to the head of JinkoSolar Holding Co, which is increasing production capacity by…
India, China to drive natural gas market until 2040: IEF chief
India and China will drive the natural gas market until 2040, International Energy Forum (IEF) secretary general Dr Sun Xiansheng said even as he underlined natural gas’s “critical role in achieving sustainable…
Norway’s SWF to sell stakes in exploration, production firms
Reuters /Oslo Norway’s trillion-dollar sovereign wealth fund, the world’s biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other…
GLOBAL LNG-Asian spot prices down over 30 pct since start of year
LONDON, March 8 (Reuters) – Asian spot prices for liquefied natural gas (LNG) dropped this week for the eleventh week in a row, and have now lost more than 30 percent in…
Keep politics out of Europe’s competition decisions
Patrick Rey And Jean Tirole /Toulouse The European Commission’s decision last month to block the proposed rail-industry merger between Alstom and Siemens was clearly a blow for the two companies. It was…
Exxon Mobil CEO sets plan to boost spending; shares sink
NEW YORK: Exxon Mobil Corp said on Wednesday it plans to open its wallet and boost spending for several years to restore flagging oil and gas production, but its shares fell as…