Recent Posts

Jordanians protest against gas deal with Israeli partners

  Bloomberg Hundreds of Jordanians took to streets of Amman to protest a $10 billion gas deal recently reached between Natural Electric Power Co. of Jordan and partners in Israel’s Leviathan field. The demonstrators carried banners stating “Israeli gas is an occupation” and “To our government, you do not represent us,” while some wore red T-shirts with the slogan “Enemy ...

Read More »

Newfield CEO sees cautious approach on ‘huge’ Oklahoma oil discovery

  Bloomberg Don’t expect a major ramp-up of oil production in Oklahoma’s hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.’s chief executive officer. Producers need more exploration time and a higher oil price before they can begin accelerating drilling in the Scoop and Stack oil formation, Lee ...

Read More »

China mega-merger poses challenge to giant’s oil grip

  Beijing / Bloomberg A merger of Sinochem Group and China National Chemical Corp. would create a new oil-refining challenger to established state-run behemoths that dominate the country’s fuel-making business. The prospective tie-up, combining two companies with assets of more than $100 billion, would create the largest oil refiner behind China Petrochemical Corp. and China National Petroleum Corp., according to ...

Read More »
Send this to a friend