Sources: Eneva, a Brazilian company, is in negotiations with Maha to form a joint venture in Venezuela
Two sources who have direct knowledge of this matter said that Eneva, a Brazilian energy firm, is evaluating options to enter Venezuela's oil and gas sector. It is also in discussions…
BP does not intend to honor the National Oil Bargaining Agreement, says union
The union representing hundreds of workers in BP's Whiting Refinery, the.largest refinery.in the Midwest, announced?on.Friday that the British oil giant does not intend honoring…
Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the third consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added natural gas and oil rigs this week for the third consecutive week for the first since November. The number of oil and gas drilling rigs…
Glencore focuses on short-term disposals while Rio deal remains elusive
Glencore, the Swiss-based mining company, is likely to sell assets to bolster its copper portfolio after failing to merge with Rio Tinto. The two companies have called off talks…
TotalEnergies and Petrobras purchase land north of Namibia's massive Mopane discovery
Both TotalEnergies, the French oil giant, and Petrobras, the Brazilian firm acquired a 42.5% share in an offshore exploration license. The firms are looking to "develop" oil in one of last frontiers in exploration.
As the Gulf crisis spills over into business, some UAE companies withdraw from Saudi defence show
Two sources who are directly involved in the matter have confirmed that some UAE companies pulled out of the'major defence exhibition' taking place in Saudi Arabia. This is…
Trinidad's Atlantic LNG will shut down Train 4 to perform major maintenance
Three people familiar with the plan said that Trinidad and Tobago’s flagship 'Atlantic LNG' plans to close its 6 million metric ton per annum Train 4 in May and/or June for maintenance and repairs.
Some UAE companies withdraw from Saudi defence show due to Gulf rift
Two sources who have direct knowledge of the situation said that some UAE companies had 'pulled out' from a major Saudi Arabian defence show. This is the latest indication that…
Mercuria and India's Tata will form a commodities trading venture
The global commodities trading house Mercuria is forming a joint-venture with Tata International to expand their presence in India and help the conglomerate trade a diverse basket of commodities.
Futures prices rise on TSX ahead of US-Iran discussions as gold and oil prices increase
Futures for Canada’s main stock index rose Friday, signaling a positive start after a steep selloff during the previous session. Precious metals recovered and oil prices climbed ahead of U.S.
Sources say that Mexico's Pemex awarded a contract to a Slim Company for the gas and condensate fields.
Three sources familiar with the matter confirmed that the Mexican state company Pemex awarded a contract to a Carlos Slim-controlled firm for a natural gas and crude oil field.
Shell stops further Kazakhstan investment due to legal disputes, CEO states
Shell has halted new investments in Kazakhstan due to legal actions taken by the government against the oil giant and other international companies over cost disputes. CEO Wael sawan confirmed this.
Shell stops further Kazakhstan investment due to legal disputes, CEO states
Shell has halted new investments due to legal actions launched by the government against it and other international companies for cost disputes. CEO Wael Sawan said that Shell…
Sources say that Japan's Mitsui is close to purchasing a stake in Qatar LNG Project.
Five sources said that Japan's Mitsui & Co. is on the verge of buying a stake, in the second phase, in QatarEnergy’s massive North Field project as it seeks a stable liquefied gas (LNG).
Sources: Mitsui Japan is close to a stake in Qatar LNG Project
Five sources said that Japan's Mitsui & Co. is on the verge of?buying a share in the second phase QatarEnergy’s massive North Field Project?in order to ensure a stable liquefied gas supply (LNG).
Australia's biggest takeover bids never came to fruition
The merger talks between Rio Tinto & Glencore failed after both sides could not resolve their differences on valuation. This ended months of negotiations about a tie up that…
Rio records record for Glencore exit, but banks and miners are sapping Australian shares
Australian shares continued to fall on Friday, as an index-wide sale led by banks and miners saw a decline in the market. Rio Tinto reached its highest level to date after abandoning…
BP Whiting refinery workers are preparing for a possible strike after union talks fail
United ?Steelworkers is asking workers at BP's 440,000-barrel-per-day refinery ?in Whiting, Indiana, to prepare for ?a strike ?or lockout, the union said on Thursday after weeks…
Rio Tinto and Glencore abandon plans to create the world's largest mining company
Rio Tinto has ended takeover negotiations with Glencore after months of talks over a tie up that would have reshaped global mining. The merger was first announced in January…
ConocoPhillips aims to cut costs by $1 billion in 2026. Profits miss on lower oil prices
ConocoPhillips announced on Thursday that it plans to reduce capital and operating costs by $1 billion by 2026. This comes after the U.S. energy producer missed Wall Street's?estimates?