US Sanctions Wellbred Capital Over Links to Iranian Oil Network
The US has sanctioned Wellbred Capital and affiliated trading firms over alleged links to Iranian oil shipping magnate Mohammad Hossein Shamkhani and his global shipping network.
OFAC | Egypt Oil & Gas
US Issues General Licenses for Venezuela, Reopening Access for Global Majors
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued a sweeping relaxation of sanctions on Venezuela’s energy sector. The move grants two general licenses that allow international oil an ...
ExxonMobil, Chevron Signal Interest in Venezuela Amid Sanctions Easing
US energy majors ExxonMobil and Chevron have expressed tentative interest in re-engaging with Venezuela’s petroleum sector following the easing of US sanctions, provided that the country establishes robust legal a ...
Carlyle Explores UAE Partnerships for $20 Bn Acquisition of Lukoil’s Global Assets
Carlyle, the US private equity firm, has entered exploratory discussions with investors in the UAE about potentially bringing in partners if it moves ahead with its planned acquisition of Russian oil producer Luko ...
Carlyle, Chevron-Led Group Compete for Lukoil Assets Ahead of U.S. Deadline
Several investor groups, including private equity firm Carlyle and a consortium comprising Chevron, Quantum Capital Group and Abu Dhabi-based International Holding Company (IHC), are vying to acquire the global as ...
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