BP awarded license for Venezuela Loran gas fields in partnership with XRG and UCC
BP has, in partnership with United Arab Emirates firm XRG, and a unit from Qatar's conglomerate UCC Holding secured a licence to explore and develop Venezuela's offshore Loran field's second phase…
Japan protests when Putin visits the islands claimed by Japan for the first time
Russian media reported that Russian President Vladimir Putin had visited Iturup. It is a Japanese-claimed island near Hokkaido at the end Kuril chain. Moscow and Tokyo did not…
US offers 81 million acres of Gulf of Mexico oil leases
The Trump Administration will on Wednesday offer oil and gas drilling companies more than 81 million acres (32,8 million hectares), in the Gulf of Mexico. This is part of a…
The mines minister of Guinea has announced that Nimba will sell bauxite via monthly tenders.
Guinea's?Nimba?Mining Company, a state-owned company, will sell its bauxite in monthly auctions that are open to international traders and miners. The government is trying to…
The number of claims against Radiant World assets has doubled in the last decade, according to filings
Radiant World is one of the largest iron ore traders in the world. It has 21 registered creditors who have registered claims on its assets. This number will more than double before 2025.
CORRECTED - BP sells 20% stake in Manakin Gas Field to Trinidad's NGC
BP 'has agreed to sell a 20% stake in a block containing the Trinidad portion in the Cocuina Manakin natural-gas field across the border to the state-owned National Gas Company of Trinidad…
BP sells 20% stake in Manakin Gas Field to Trinidad's NGC
BP announced on Monday that it had agreed to sell a 20 percent stake to the state-owned National Gas Company of Trinidad in a block containing the Trinidad portion the Cocuina Manakin natural 'gas field.
Sources say that Glencore's exposure in Radiant World is more than $500 Million.
Radiant World is a company that Glencore, the London-listed miner and trader, has stopped doing business with. The exposure amounts to over half a billion US dollars, according…
ConocoPhillips' new CEO inherits $7 Billion cash flow pledge on Alaska oil project
Analysts and investors have said that Andy 'O'Brien, the long-time CEO of ConocoPhillips, will be succeeded by Ryan Lance in the next month. He will inherit an Alaskan oil project…
ADNOC Gas profits fall 52%, but still beat company's guidance
ADNOC Gas announced a 52% drop in its second-quarter profits?on?Monday. The company, owned by the Abu Dhabi government, saw its?sales fall due to the closure of?Hormuz Strait after the?U.S.
In his maiden address, the new Colombian president promises a robust fight against crime and fiscal austerity
Abelardo de La 'Espriella, Colombia's right-wing president was sworn into office on Friday. In his inaugural address, he pledged a vigourous fight against drug trafficking as…
Pacific Energy reports that Middle East buyers are interested in LNG cargoes coming from Canada.
The president of Woodfibre's LNG project in Canada said that buyers in the Middle East were looking for liquefied gas from Canada to hedge against geopolitical turmoil. Ratnesh…
Baker Hughes: US energy companies leave rig count unchanged for the latest week
?U.S. Energy firms have left the total rig count unchanged for the last week, according to a closely watched report by energy services firm Baker Hughes on Friday. The number of oil and gas drilling rigs…
Trump will host mining CEOs to discuss the administration's desire for minerals in defense supply chains
?U.S. Donald Trump, the president of the United States, will meet with executives of?some?of the largest mining companies in the world at the State Department this Friday. His…
Dubai rises, Abu Dhabi falls amid Middle East tensions
The UAE stock market closed Friday with a'mixed' result, with modest gains in Dubai being offset by losses in Abu Dhabi. Investors largely ignored corporate earnings and instead…
The financial week in five charts - Yenterventions, refinery windfalls, and SpaceX's splurge
Open Interest (ROI), every Friday, distills the previous five days' financial data into five charts that highlight the major trends, surprises, and overlooked movements. JAMIE…
Trump will host mining CEOs to discuss the administration's desire for minerals in defense supply chains
U.S. president?Donald Trump?will convene executives of?some the world's biggest mining companies?at?the State Department?on Friday. His administration is intensifying efforts…
Genel Energy, a Kurdistan-based company, rejects a takeover bid by Norway's DNO
The Norwegian oil firm DNO announced on Friday that it had submitted a takeover bid of PS202 million ($271.8) for its Kurdistan focused rival Genel Energy at the end of last month, but was rejected.
Occidental maintains focus on debt reduction and sees a flat output and spending in 2027
Occidental Petroleum, a U.S. oil company, said Thursday that it expects production and capital expenditure to remain flat in 2027. It also stated that debt reduction efforts would continue to be a priority.
ConocoPhillips claims that any delays in the Qatar LNG project are likely to be limited to a few months.
ConocoPhillips announced on Thursday that it expects any delays to its Qatar LNG project will 'likely' be in the months rather than a year and does not anticipate any impact on cash flow. The U.S.
