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China said it will open up oil and gas exploration to private and foreign firms, offering further details of a policy that will help assuage concerns over access to the industry ahead of next week’s signing of an interim trade deal with the U.S. Companies with net assets of at least 300 million yuan ($43
President Donald Trump said during an address from the White House Wednesday that the U.S. no longer needs oil from the Middle East, but American refineries still use the kind of oil that region produces. Thanks to booming shale production, the U.S. reduced shipments from the Persian Gulf to a 30-year low last year. Still,
There’s a lot of conflicting CV advice to be found on the internet, but the same mistakes come up time and time again writes Matt Craven of The CV & Interview Advisors. Having been in the recruitment and career development industry for nearly 20 years, I’ve seen all sorts of CVs from the good to
Equinor and its partners in Norway’s Statfjord area have identified and approved plans to extend production from the field towards 2040. A new business plan will ensure even higher use of resources, extract more value from the field, and allow plans for decommissioning Statfjord A in 2022 to be deferred. Based on extensive mapping of
Oil steadied after rapidly shedding all of its gains from the clash between the U.S. and Iran, as traders waited to see whether any further hostilities will disrupt exports from the Middle East. Brent held above $65 a barrel on Thursday, having tumbled 4.2% the previous day as President Donald Trump downplayed the impact of
While all are distracted by the vast display of smoke and mirrors surrounding the US-Iran conflict, General Haftar is taking control of Libya–and all its oil wealth–and the Turks are still making an outsized bet on a Libyan government that everyone else has quietly abandoned. Turkey started moving troops into Libya on Sunday to support the “internationally
Owners of oil tankers are boosting their rates to haul crude on a key route from the Middle East as risks in the Gulf escalate after Iran retaliated against the U.S. killing of a top general. Shipowners are offering rates for supertankers carrying crude from the Persian Gulf to China at increasingly higher levels, in
Apache and Total announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. Maka Central-1 successfully tested for the presence of hydrocarbons in
Occidental Petroleum plans to make the pipeline business it acquired as part of last year’s takeover of Anadarko Petroleum a stand-alone company, removing about $7.8 billion of debt from its balance sheet. Occidental plans to reduce its holdings in Western Midstream Partners to less than 50% by the end of this year but “expects to
The leading representative body for the UK offshore oil and gas industry has kicked off the new year with ambitious plans to champion the sector as part of a diverse energy mix. Two new directors will join OGUK’s leadership team under the continued direction of CEO Deirdre Michie OBE. Trevor Stapleton is announced as OGUK’s