The following analysis of how this weekend's attacks against Saudi Arabia's largest oil facility will affect oil prices is offered by Chris Weafer, Senior Partner, Macro-Advisory Ltd., Moscow Attacks against Saudi Arabia’s largest oil facility will inevitably spike the price of Brent when the market reopens after the weekend break....
With the U.S, Russia, and China all jostling for position in Iraq’s oil and gas industry both north and south, Iraq’s oil ministry last week reiterated its desire to have one or more foreign partners in the Mansuriya gas field, oilprice.com reports. Situated in Diyala province, close to the...
New Age (African Global Energy) Limited (‘New Age’ or ‘the Company’) announces that its subsidiary New Age M12 Holdings Limited has completed the sale of its 25% non-operated interest in the Marine XII License to LUKOIL Upstream Congo SAU, a wholly owned subsidiary of PJSC LUKOIL, for $800 million. The...
Baker Hughes, a GE company, announced the newest launch of its Bently Nevada Business business unit. Bently's Orbit 60 Series is its next-generation condition monitoring and protection platform. The Orbit 60 series is • a new system that connects to flagship machinery management software...
ПАО «ЛУКОЙЛ» сообщает о закрытии сделки по приобретению 25%-ной доли участия в проекте Marine XII в Республике Конго у Компании New Age M12 Holdings Limited. Сделка была закрыта после выполнения всех отлагательных условий, в том числе получения одобрения государственных органов Республики Конго. Справка Лицензионный участок Marine XII площадью 571 кв. км...
A consortium of Indian companies led by ONGC Videsh (OVL) is to acquire a 49 per cent stake in Russia's Vankor cluster oilfields. Prime Minister Narendra Modi and Russian President Vladimir Putin agreed the deal as part of a wider range of investment agreements signed at the Eastern...
Saudi Arabia’s deputy defence minister, Khalid bin Salman, on Thursday accused Iran of ordering drone attacks on two of its oil pumping stations that were claimed by Yemen’s Huthi rebels. Tuesday’s “attack by the Iranian-backed Huthi militias against the two Aramco pumping stations proves that these militias are merely a...
Two oil pumping stations serving a major East-West oil pipeline in Saudi Arabia faced an attack by explosive-laden drones on Tuesday, with the damage currently being assessed, the minister of Energy, Industry and Mineral Resources Khalid bin Al-Falih has said. The pipeline transports oil from the oilfields in the Eastern...
As Reuters reported recently, insofar only one Indian buyer of Iranian oil has taken up Saudi Arabia’s offer of additional oil to make up for the loss of supplies from Tehran due to U.S. sanctions. Last month, Saudi Arabia approached Indian buyers offering them additional supplies to compensate for loss...
Uganda has put five new blocks on offer for its second licensing round in the Albertine Graben, according to an announcement by the Minister of Energy and Mineral Development Eng. Irene Muloni at the East African Petroleum Conference and Exhibition, Kenya. Muloni said Uganda was expecting many potential exploration companies...