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US to announce end to Iran sanctions waivers, oil prices spike

22 Apr 2019

The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told

Japan expects little impact from US scrapping Iran oil waivers

23 Apr 2019

Japan expects a limited impact from the US decision not to renew waivers previously granted on Iran oil import sanctions, the country’s trade and industry minister said on Tuesday.

With Iran and trade rifts, India feels brushed aside by Trump

24 Apr 2019

President Donald Trump may count Indian Prime Minister Narendra Modi among his international allies, but New Delhi is smarting over unexpected US decisions it sees as ignoring the interests of an increasingly close partner.

US sanctions have denied Iran more than $10 billion in oil revenue: US official

25 Apr 2019

US sanctions against Iran have denied its government more than $10 billion in oil revenue, a US official said on Thursday.

Beyond the picture postcard villages, Norway’s petroleum adventure continues and it may never lose its fossil fuel addiction

12 Apr 2019

The Norwegian Labour Party has joined what is now a clear parliamentary opposition to oil and gas exploration off the coast of the picturesque Lofoten islands in the north of Norway.

Chevron to buy Anadarko Petroleum for $33b

12 Apr 2019

Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock, energizing its deep water exploration in the gulf and in the energy-rich southwest region of Texas called the Permian Basin. The deal announced Friday comes with US crude prices up 40% this year and vaults Chevron into a new league. While the combined company will remain far behind Exxon Mobil Corp. a

Saudi Aramco increases fuel prices

14 Apr 2019

Saudi Arabia raised the local price for Octane 95 to 2.10 riyals from 2.02 riyals last quarter and Octane 91 to 1.44 riyals from 1.37 riyals per litre, state oil firm Saudi Aramco said on Saturday. The change goes into effect on Sunday (April 14), the company said in a statement,

Adnoc and ADRPBF in pipeline infrastructure investment deal

14 Apr 2019

The Abu Dhabi National Oil Company (Adnoc) announced on Sunday that it has entered into a follow-on pipeline infrastructure investment agreement with the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF). ADRPBF will invest Dhs1.1 billion ($300 million),

UAE-based Grandweld delivers four crew boats to Kuwait Oil

16 Apr 2019

The UAE-based, Grandweld Shipyards, has delivered four crew boats to Kuwait Oil Company (KOC). As per the contractual agreement signed in May 2017, Grandweld would build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining will be delivered in June 2019.

Aramco sells $12b bonds out of $100b demand

09 Apr 2019

Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant. State-owned Aramco›s bond issue, split into maturities ranging from three to 30 years, is seen as a gauge of potential investor interest in the Saudi company›s eventual initial public offering.

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