News / International
Brazil’s Petrobras Floundering
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lie vast oil reserves—at least 50 billion barrels—that were supposed to yield untold riches for this nation.
Iran to Issue Bonds Again to Finance Future Energy Projects
Iran will soon start a new phase of issuing bonds to attract funds for the development of the country’s lucrative oil and gas projects
European Union Anti-Trust Regulators Expected to File Charges Against Gazprom
European antitrust regulators are expected on Wednesday to charge the Russian energy giant Gazprom with abusing its dominance in natural gas markets, a move that could escalate Western tensions with Moscow.
Aramco Installations Under Threat, Saudi Interior Ministry
Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, Interior Ministry spokesman Mansour Turki said on Monday.
Anadarko Plans to Sell Mozambique Gas Assets to Exxon
Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil and Qatar Petroleum [QATPE.UL] both showing interest, banking and industry sources said.
US Shale Drillers Plan Strategy
American oil drillers, battered and bruised by the steep drop in crude prices, are descending on Houston this week to plan their survival.
Kuwait Oilfield Discoveries Announced After Two-Year Delay
Kuwait, which plans to boost oil output capacity by a third by 2020, has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday.
European Refineries Profit Off Low Oil Prices
The biggest crude glut in the U.S. since the 1930s means one thing for European refiners: The highest margins in eight years won’t last.
