Oil Company

Editorial: Even for Trump World, it was a big week for unethical behavior

<b>E</b>ven by the historically low standards of the Trump administration for integrity in public office, last week was extraordinary.<p>It began with …

Donald Trump

Iran to provide $7bn for oil projects internally

<b>Iran says a plan is on agenda to attract funds from domestic resources to maintain production at the country’s key oil fields.</b><p>The plan would envisage …

Oil

Chevron names Brazil chief to lead Venezuela operations after arrests

(This version of the June 8 story corrects fourth paragraph to show La Rosa previously served as commercial manager in Venezuela, not country manager)<p>…

Venezuela

SUNFUNG A CHINESE JUNK IN THE UK

by terry roberts<br>(UK)<p>sunfung 004.jpeg<p>Sunfung is a 30 foot solid Burmese teak Chinese junk, with two red Junk sails.<p>IShe was built in 1965 in Stanley …

Hong Kong

Putin criticizes US but offers to cooperate on global crises

ST. PETERSBURG, Russia (AP) — Despite the showdown with the West over Ukraine, Moscow wants to cooperate with Washington and its allies in dealing with the threat posed by the Islamic State group and other global challenges, President Vladimir Putin said Friday as he tried to allay investors' fears …

Russia

6 police officers shot dead in central Mexico

MEXICO CITY (AP) — Six police officers have been shot dead in the central Mexico state of Puebla by suspected fuel thieves.<p>Puebla state security secretary Jesus Morales vowed to investigate the incident late Friday and said police had arrested two suspects.<p>A vehicle carrying natural gas was …

Business

NYT Again Skips the S-Word in Long Front-Page Story on Venezuela's Humanitarian Crisis

Yet another long <i>New York Times</i> article on the humanitarian crisis in Venezuela spared no space for the “S-word,” -- socialism -- that is the root …

Venezuela

Exxon Doubles Down on Oil

In the late 19th century, inventors including Thomas Edison created electric lighting that all but ended demand for kerosene, then the biggest …

Oil & Gas Industry

UPDATE 3-India's top bank to stop handling Iran oil payments, imports may be hit

hit@<p>* Iran was India's third biggest oil supplier<p>* U.S. reimposes sanctions after quitting Iran deal<p>* SBI wants to protect U.S. operations - source …

Oil

LyondellBasell in exclusive talks to acquire control of Braskem | Reuters

SAO PAULO (Reuters) - LyondellBasell Industries NV (LYB.N) and Odebrecht SA, the controlling owner of petrochemicals producer Braskem, said on Friday they have entered into exclusive talks for Lyondell to acquire control of Braskem, and two people familiar with the matter said the companies are …

IT

Rosneft Says $70-80 Oil ‘Comfortable’ Ahead of OPEC Talks

Rosneft PJSC’s said crude at $70 to 80 a barrel was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts …

Oil

Why is there no real dialogue about mega-project on North Branch of Chicago River?

Sterling Bay’s 70-plus acre venture on the North Branch of the Chicago River will transform the entire North Side of the city, swelling the daytime …

Fossil Fuels

China's National Oil Company Looks at Russian LNG

Natural gas company Novatek is gaining growing support for its new grand Arctic initiative. The Arctic LNG 2 looks set to get investments also from …

Oil & Gas Industry

Socialism, Not Corruption, to Blame for Venezuela’s Oil Production Drop | Daniel Di Martino

Venezuela’s tragic famine and refugee crisis taking place despite the largest proven reserves of oil on the planet. Watching it play out on …

Venezuela

To continue oil supplies post-sanctions, Iran seeks ‘permanent’ insurance plan

Iran has sought “permanent authorisation” from India for its two local insurance companies to enable Iranian ships with Iranian insurance cover to cal

South Asia

Let Italy help broker a new deal with Iran

If Russia rejoins the G-7 — as President Trump favors — then Italy must be admitted to the P5+1.<p>The peace of the Middle East hinges on such a modus …

South Asia

Hilcorp Energy settles suit with oystermen over unauthorized dredging through wetlands | NOLA.com

In the consent judgment between Hilcorp and the oyster fishers, the company agreed to comply with federal and state regulations, as well as to …

Oil & Gas Industry

Chevron seeks shake-up in how Australia develops gasfields | Financial Times

Chevron has completed construction of two massive liquefied natural gas plants in Australia at an eye-watering cost of $88bn — and is wasting no time …

Oil & Gas Industry

Play High Oil Prices In Norway

One of the few highly-developed democracies that is strongly associated with oil is the Scandinavian nation of Norway. This makes sense as the latter …

Investing

Brazil's Uncertain Market Outlook

<b>The Brazilian stock market has been hammered in the last few months. In US dollar terms, it's one of the worst-performing emerging markets so far</b> …

Business

Energy stocks lead S&P losers as oil prices fall | Financial Times

Energy stocks took a hit on Friday, leading the S&P 500 decliners as global oil prices retreated on concerns over ramped-up production.<p>The S&P energy …

Oil

In the oil game, play Trump’s Tweets, not the market

Never underestimate the power of a Donald Trump tweet.<p>In late April, when oil was rising fast, taking gasoline prices up with it, Mr. Trump slammed OPEC for prices he deemed “artificially very high.” This week, he took another whack at the cartel: “Oil prices are too high. OPEC is at it again. Not …

Oil

OPEC Bludgeons the Oil Market. And What Then?

© Reuters. OPEC Bludgeons the Oil Market. And What Then?<p>(Bloomberg Opinion) -- The hardest-working oil in the world comes from Saudi Arabia. As the …

Oil

There Has Never been a better time to be an Individual Contributor (Non-Manager)

<b>Case for the Individual Contributor</b><p>People with titles are not always influential, nor do they make major contributions to the organisation’s success. …

Taxicabs

Venezuela’s economic crisis deepens – country considering refining foreign oil

Time running out for Maduro's power in Venezuela?<p>Venezuela’s economic crisis has crippled its energy industry, and now the country is considering producing fuels from foreign crude oil for the first time ever, according to Reuters.<p>This comes as the country is having trouble meeting obligations to …

Oil

Venezuela's Latest Desperate Plan

Venezuela just keeps on delivering new economic absurdities.<p>The country, which has the largest oil reserves in the world, is now considering the idea of importing the stuff.<p>It’s a symptom of socialism.<p>The state-run oil company, PDVSA, could start refining tens of thousands of barrels of imported …

Entrepreneurship

Forgotten no more: Shell Oil preserves slave cemeteries

CONVENT, La. (AP) — A major oil company is taking steps to honor once-forgotten slaves buried on its land west of New Orleans in an area where sugar plantations once abounded, an effort that some hope will grow into a larger movement to recognize and protect such cemeteries around the country.<p>The …

Finance

Attacks on Libya Ports Shut Nearly Quarter of Libyan Crude Output

Outages come amid supply disruptions in Venezuela and elsewhere<p>Recent attacks on two eastern Libyan ports have shut down a quarter of the country’s output, a spokesman for the state-run oil company said Thursday.<p>In a statement, a spokesman for Libya’s National Oil Corp. said oil production of …

Oil

Impaired driving laws get overhaul for cannabis legalization, but workplace testing rules remain untouched

OTTAWA — When the Liberal government introduced its cannabis legalization bill in the spring of 2017, it made sure to simultaneously introduce …

Human Rights

U.S. energy firms chasing oil price rally stumble on old baggage

NEW YORK (Reuters) - With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots.<p>There is a catch, though. The strategy …

Oil & Gas Industry