Iran’s President Hassan Rouhani said world powers have accepted that major sanctions on his country — including those on oil, banking and shipping — will be lifted as part of an agreement with the U.S. to revive a 2015 nuclear deal. SourceContinue Reading
“Since it began commercial operations in 2002, Malampaya has supplied a significant portion of the Philippines’ energy demand and it will continue powering the country with indigenous gas following a safe transition of the asset and its experienced workforce,” said Wael Sawan, Shell’s Upstream Director. SourceContinue Reading
Iran’s President Hassan Rouhani said world powers have accepted that major sanctions on his country — including those on oil, banking and shipping — will be lifted as part of an agreement with the U.S. to revive a 2015 nuclear deal. SourceContinue Reading
“We have made substantial progress over the last 10 days but there are still things to be worked on and we will reconvene next week,” said Enrique Mora, the EU official in charge of coordinating diplomacy in the Austrian capital. “The spirit of compromise is high.” SourceContinue Reading
Oil plunged to the lowest in three weeks alongside a broader market decline with traders also concerned about growing supply from the U.S. and Iran. SourceContinue Reading
Oil extended losses after an increase in U.S. crude inventories added to concerns around the prospect of more Iranian oil returning to the market under a potential revival of the nuclear deal. SourceContinue Reading
Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show signs of progress. SourceContinue Reading
The two energy giants have signed a non-binding agreement to discuss combining their upstream portfolios in the West African nation. That could be a boon to the country’s beleaguered oil industry, which has seen production slump by more than a third since 2015 amid chronic under-investment. SourceContinue Reading
West Texas Intermediate for June delivery tumbled 1.4%, while global benchmark Brent also declined. Stock markets fell on inflation fears, while the dollar climbed, hampering prices. There was also an increase in U.S. crude stockpiles last week, the American Petroleum Institute reported. SourceContinue Reading
“Our goal is to have several vessels operating in Norway – both in the oil and gas industry and floating wind,” said Duncan MacPherson, the new managing director in Norway for Maersk Supply Service. SourceContinue Reading
