International

Business , International

Shell Considers Exiting UK, German, Dutch Energy Retail Businesses

Shell has launched a strategic review of its businesses in Britain, the Netherlands and Germany over the next few months to determine its best course of action.

January 27, 2023

Crude Oil , International

Chevron's 5th and 6th Cargoes of Venezuelan Oil Soon to Depart

Chevron's supply contract is among a few that have not been suspended after last week's PDVSA-ordered freeze on most contracts until a general audit is done.

January 26, 2023

Exploration & Production , International

Libya to Sign Gas Deals with Italy's Eni, NOC's Bengdara Says

The deal involved the renewal of an existing agreement originally struck in 2008, according to Libya's National Oil Corp. head Farhat Bengdara.

January 26, 2023

Exploration & Production , Liquefied Natural Gas , Policy & Regulations , International

US Grants License to Trinidad and Tobago to Develop Offshore Venezuela

The U.S. license, issued at the Trinidad government's request, means the Caribbean island nation will be allowed to resume doing business with Venezuelan heavily sanctioned state-run oil company PDVSA, related to the Dragon gas field.

January 24, 2023

People , Policy & Regulations , International

Next Petrobras CEO Sounds Out Lula's Party for Management Picks, Sources Say

The center-left Brazilian Socialist Party (PSB) may not have much sway in choosing future Petrobras appointees, according to an anonymous source.

January 23, 2023

People , International

Italy's Descalzi Set for Record Fourth Term as Eni CEO, Sources Say

If reappointed, Claudio Descalzi would be the longest running CEO in Eni's history since its foundation in 1953.

January 23, 2023

Crude Oil , International

Russian Minister: Pakistan to Pay for Oil Purchases in Currency of 'Friendly Countries'

Pakistan's Petroleum Minister Musadik Malik said that Islamabad wants to import 35% of its total crude oil requirement from Russia.

January 20, 2023

Crude Oil , International

Yellen Says Russian Oil Price Cap Could Save African Countries $6 Billion Annually

U.S. Treasury Secretary Yellen says Russia's war in Ukraine is harming Africa's economy and presses for 'timely' debt relief for African countries. 

January 20, 2023

Public Capital , International

OPEC Development Fund Raises $1 Billion with First Ever Bond

The OPEC Fund for International Development will set aside money for food security, healthcare, infrastructure, education, employment and renewable energy projects.

January 20, 2023

Policy & Regulations , International

Naftogaz Ex-CEO Suspected of Embezzlement, Ukraine Anti-graft Agency Says

Andriy Kobolyev, who served as chairman and CEO of Ukraine's Naftogaz from 2014 to 2021, has been accused of illegally awarding himself a bonus "for extraordinary achievements" in 2018.

January 19, 2023