Brazil's Soy Exports will Hit Record High for January, Grain Exporting Group Says
The grains exporting group Anec predicted on Tuesday that Brazilian soybean exports would reach nearly four million tonnes in January, a new record. Anec reported that traders in Brazil will export an estimated 3…
Canadian oil tycoon suggests US aid in Venezuela's oil revolution
The Canadian oil tycoon, who is the head of one of North America's fastest growing oil companies, wants his country to "lend" its heavy oil expertise to America as it tries to rebuild Venezuela's petroleum industry.
After cutting costs, Equinor hopes that it can finalize the technical plan for the world's most northern oilfield.
Equinor, a Norwegian company, aims to finalize the technical plans for the development of the Wisting?undersea?oil discovery in the Arctic this year after reducing?its?costs significantly. ?on Tuesday.
Source: Rio Tinto consults with three banks on possible Glencore acquisition.
Rio Tinto has hired JPMorgan, along with two other advisers, to help it evaluate its potential acquisition of Glencore. This deal could create the largest miner in the world…
Canadian oil tycoon suggests US aid in Venezuela's oil revolution
The Canadian tycoon, who is the executive chair of one of North America’s fastest-growing oil companies, wants his country to lend their heavy oil 'expertise' to the United…
Norway awards 57 drilling licenses in offshore oil and gas exploration round
Norway's Energy Minister told an industry conference that the country awarded shares in 57 offshore oil exploration licenses to 19 companies as part of its annual licensing round.
Serbian Vucic anticipates signing a contract to sell NIS Oil by March
The Tanjug News Agency reported that Serbian President Aleksandar Vucic expected binding terms to be submitted by the U.S. office of foreign assets control within 48 hours for the sale Russian-owned oil firm NIS.
After nearly a decade, the Canadian Prime Minister visits China
Mark Carney, Canada's prime minister, will depart for China on February 2nd to discuss trade and security issues. This is at a time when Canada is facing uncertain relations with the U.S.
Diamondback Energy reports lower oil prices in the fourth quarter
Diamondback Energy, the U.S. producer of shale oil, announced on Monday that its oil prices were lower in 'the fourth quarter' compared with 'the previous three months. The…
US oil lobby group supports repeal of climate rule for vehicles but not power plants
According to its president, the American Petroleum Institute supports EPA's proposal to repeal greenhouse gas regulations for vehicles. However, it does not support the proposal…
API chief: US oil industry needs to reform its Venezuela policy on security in order to enter the country.
American Petroleum Institute President Mike Sommers said that the U.S. Oil Industry must have in place a number of prerequisites in Venezuela, including a workforce security policy and contract sanctity.
Sources say BHP will not bid on Rio-Glencore, but wait for the talks to conclude.
BHP will wait for Rio Tinto to complete its talks with Glencore to create the world's biggest mining company. The deal would?create?the largest mining firm in the world. BHP does not plan to make a bid at this time…
Sources say that BP's interim CEO has pledged to continue focusing on costs after Auchincloss' departure.
According to a pair of people who attended the meeting, BP's interim CEO Carol Howle said that the company is focusing on cost -cutting and maintaining its current strategy.
US Supreme Court rejects Citigroup's appeal in lawsuit against Mexican oil company fraud
The U.S. Supreme Court declined to hear Citigroup’s appeal on Monday, despite the fact that the lawsuit accused the?bank for orchestrating a massive fraud against the Mexican oil and gas company Oceanografia.
Venture Global lowers its profit forecast for 2025 due to volatile LNG prices and transport problems
Venture Global, an LNG company, cut its "full-year core profit forecast" for 2025 on Monday. This was lower than Wall Street expectations, due to price volatility and shipping restrictions.
Norway will outline future oil and gas drilling in its 2027 policy update
The Norwegian government announced 'on Monday' that it would present to the parliament a document next year on 'the future of oil and gas', which will include companies' access rights to exploration land.
Ghana pays $1.47 billion to settle energy debts
Ghana's Finance Ministry announced on Monday that the government will pay $1.47 billion to settle legacy energy sector debts in 2025, including restoring a depleted World Bank guarantee…
Gulf stock prices mixed as investors, oil companies and traders weigh Powell probe and Fed outlook
Gulf equities traded mixed on Monday morning as oil prices climbed. Investors weighed the possible impact on interest rates and the dollar of a criminal?indictment against Federal Reserve Chair Jerome Powell.
What's at stake in Uganda’s presidential elections?
On Thursday, Ugandan President Yoweri Museveni is seeking to extend his four decade rule in an election which has raised questions about his eventual successor. Although political…
Veteran Ugandan leader eyes new term amid succession talk
After a violent campaign and questions over his successor, it is expected that Ugandan President Yoweri Museveni will extend his four-decade reign in an election held on Thursday.