Oil and Gas – Page 2 – THE OVAL CIRCLE

Lebanese President Says Israel Drilling in Disputed Waters to Heighten Tensions

Posted on July 1, 2020July 1, 2020By Editor

Israel’s intent to explore for oil and gas in an offshore area that is subject to a territorial dispute between it and Lebanon is fraught with exacerbating the tensions, Lebanese President Michel Aoun said on Monday. … Read More >Lebanese President Says Israel Drilling in Disputed Waters to Heighten Tensions

Middle East

Syrian Village Residents Block Road, Thwart US Convoy’s Attempt to Use Local Highway – Video

Posted on May 13, 2020May 13, 2020By Editor

The incident comes amid the ongoing standoff between US troops, Syrian Army units, local residents and Kurdish militia in northeast Syria, home to the majority of Damascus’s oil and gas reserves. … Read More >Syrian Village Residents Block Road, Thwart US Convoy’s Attempt to Use Local Highway – Video

USA

US Banks Reportedly Set to Seize Oil and Gas Assets Fearing Energy Firms Bankruptcy

Posted on April 12, 2020April 12, 2020By Editor

The energy sector has been suffering from a massive drop in oil prices caused by excessive supply amid the coronavirus pandemic and the curtailment of economic activity around the world. Some US oil producers have already been forced to file for bankruptcy due to skyrocketing debts. … Read More >US Banks Reportedly Set to Seize Oil and Gas Assets Fearing Energy Firms Bankruptcy

Business

Russian oil & gas firms plan to invest $20 BILLION in Iraq’s energy industry

Posted on February 11, 2020February 11, 2020By Editor

Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee at the Russian Federation Council, has announced. … Read More >Russian oil & gas firms plan to invest $20 BILLION in Iraq’s energy industry

Business

US-China oil deal dictated by a market that hates it

Posted on February 3, 2020February 3, 2020By Editor

Analysts have largely concurred that the Chinese promise to buy additional $52.4 billion worth of US energy products in 2020 and 2021 on top of the 2017 levels of Chinese energy imports is most likely unachievable, even if China intends to fulfill all its pledges in the deal. … Read More >US-China oil deal dictated by a market that hates it

Business

US shale patch sees huge jump in bankruptcies

Posted on January 25, 2020January 25, 2020By Editor

More than 200 oil and gas companies in North America have filed for bankruptcy since 2015, and the list of casualties could continue to climb this year. … Read More >US shale patch sees huge jump in bankruptcies

Business

Syria taps Russian firms to develop offshore oil deposits in Mediterranean

Posted on December 26, 2019December 26, 2019By Editor

Syria’s Minister of Petroleum and Mineral Resources Ali Ghanem told Sputnik news agency that two agreements have been signed with Russian companies to develop two deposits in the country’s territorial waters. … Read More >Syria taps Russian firms to develop offshore oil deposits in Mediterranean

Business

Japanese energy majors may invest in Russia’s oil megaproject in Arctic

Posted on December 12, 2019December 12, 2019By Editor

Russia’s largest oil company, Rosneft, is in talks with Japanese state-run oil and gas firm Jogmec, and other possible investors to secure funds for its massive Vostok oil project in the Russian Arctic. … Read More >Japanese energy majors may invest in Russia’s oil megaproject in Arctic

Business

China launches multi-billion-dollar oil & gas pipeline company

Posted on December 10, 2019December 10, 2019By Editor

Beijing announced on Monday the establishment of a national oil and gas pipeline firm, which will combine most of the country’s energy infrastructure and will provide fair market access to investors. … Read More >China launches multi-billion-dollar oil & gas pipeline company

Middle East

Russian MoD says US protects oil smugglers in Syria, offers aerial images as proof

Posted on October 26, 2019October 26, 2019By Editor

Moscow released photos it claims show the real reason the US wants to keep troops in eastern Syria: to protect the illegal oil trade and reap large profits. … Read More >Russian MoD says US protects oil smugglers in Syria, offers aerial images as proof