Oil Prices Inch Up On Signs Of Tighter Global Supply
Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
April 19, 2019
Asia Pacific
South Korea Sets Long-Term Renewable Power Targets
South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on April 19, over four times the current amount.
April 19, 2019
BP, Partners Sanction $6 Billion Azeri Central East Development Offshore Azerbaijan
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.
April 19, 2019
India Plans New Licensing Round On Revised PSC Norms
The new policy focuses on incentivizing increased investment and production.
April 18, 2019
A&D Transactions From The Week Of April 17, 2019
Here’s a snapshot of energy deals from the past week including the mammoth Chevron-Anadarko Petroleum merger plus Shell’s nearly $1 billion Gulf sale and a Concho Resources midstream JV.
April 17, 2019
Indian Refiners Turn To OPEC, Mexico, U.S. To Make Up Iran Oil Gap
OPEC and other producers including Russia have gradually tightened supply through 2019 to reduce a global glut. OPEC and its partners may not renew the curbs when they expire after June because of the risk of over-tightening the market.
April 17, 2019
Saudi Aramco Reportedly In Talks To Buy Reliance Stake
Aramco's discussions with Reliance were "serious," one source said. Another source said talks with Reliance were so far for a 25% stake worth up to $15 billion.
April 17, 2019
Oil Pauses; Focus On Future Supply Direction
Oil prices nudged lower on April 15 after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.
April 15, 2019
Petronas Acquires Singapore-Based Solar Power Company Amplus Energy
Malaysian state-owned oil and gas firm Petronas said on April 15 it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its mainstay operations.
April 15, 2019
CNOOC Signs PSC With Smart Oil For Bohai Bay Basin Block
Smart Oil will serve as operator during the exploration period and conduct exploration activities in the block, according to a news release.
April 12, 2019