Bloomberg/Houston Exxon Mobil Corp and Chevron Corp bided their time, watching smaller independent drillers make the first moves in shale before placing their bets. Now they’re all in. The two US supermajors…
The great oil paradox: Too many good crudes, not enough bad ones
The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the…
IP gas pipeline: Iran invites Pakistan’s legal team
In a new development, Iran has invited Pakistan’s legal team to thrash out if sanctions are effective on gas transactions or not after getting 10-12 legal questions from Islamabad side. Iran is…
BP ready to expand emissions disclosure on oil investments
Reuters /Paris BP has agreed to broaden its disclosure on greenhouse gas emissions to show how it thinks future investments in oil and gas align with UN-backed climate goals, it said yesterday….
Column: U.S. gas and electric systems prove resilient in face of polar vortex
LONDON (Reuters) – Freezing temperatures across much of the northern United States have caused barely a ripple in natural gas markets showing how plentiful supplies have become thanks to the shale revolution….
Asia Distillates-Gasoil margins rise in January, breaking two months of declines
SINGAPORE, Jan 31 (Reuters) – Asian refining margins for 10ppm gasoil eased on Thursday, a day after hitting a one-week high, as crude prices firmed, but posted their first month of gains…
Exclusive: PetroChina to drop PDVSA as partner in refinery project – sources
SINGAPORE (Reuters) – PetroChina Co plans to drop Petroleos de Venezuela SA (PDVSA) as a partner in a planned $10 billion oil refinery and petrochemical project in southern China, said three sources…
S Korea to combine world’s 2 biggest shipbuilders
Reuters/Seoul Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth 2.1tn won ($1.98bn) to take over second-ranked Daewoo and create a global heavyweight controlling over 20%…
The ghosts of Versailles Treaty still haunt Europe
By Harold James /Princeton It has now been just over 100 years since the opening of the Paris Peace Conference, which produced the Treaties of Versailles, Saint-Germain-en-Laye, Neuilly-sur-Seine, Trianon, and Sèvres, bringing…
U.S. Blocks Venezuela Oil Deals Using Its Financial System
Venezuela’s state oil company and its customers will be blocked from using the U.S. financial system by late April, as the Trump administration ratchets up the pressure on President Nicolas Maduro to…