Oil and Gas – Page 3 – THE OVAL CIRCLE

‘Mission unchanged’? US to send troops and machines to guard Syrian oil interests, after having vowed to ‘withdraw’

Posted on October 25, 2019October 25, 2019By Editor

US Defense Secretary Mark Esper has confirmed that US troops are being relocated to Syria’s oil regions and more “mechanized forces” are coming, despite previous pledges to pull out. … Read More >‘Mission unchanged’? US to send troops and machines to guard Syrian oil interests, after having vowed to ‘withdraw’

Why is the largest US oil company going on trial? RT’s Boom Bust explores

Posted on October 25, 2019October 25, 2019By Editor

US oil giant Exxon Mobil is being sued for misleading investors and consumers for decades about the role fossil fuels play in climate change. … Read More >Why is the largest US oil company going on trial? RT’s Boom Bust explores

Business Russia

One of the world’s largest oil companies just ditched the dollar

Posted on October 25, 2019October 25, 2019By Editor

Russia’s largest oil company Rosneft has already completed the switch away from the US dollar in an effort to minimize its exposure to US sanctions. … Read More >One of the world’s largest oil companies just ditched the dollar

USA

Trump channels ‘America invades for oil’ meme as he says some troops will stay in Syria to ‘protect’ it

Posted on October 24, 2019October 24, 2019By Editor

US forces have secured Syria’s oil, and now most of them are on their way out, President Donald Trump has declared, patting himself on the back for “saving a lot of lives.” He then produced an oil-grabbing quote worthy of a meme. … Read More >Trump channels ‘America invades for oil’ meme as he says some troops will stay in Syria to ‘protect’ it

Syria’s Raqqa province begins reviving destroyed oil & gas fields

Posted on October 20, 2019October 20, 2019By Editor

Recovery works have started at liberated oil and gas sites in Raqqa province in northern Syria, as well as in the area between the governorate and Hama and Homs provinces, local field management has said. … Read More >Syria’s Raqqa province begins reviving destroyed oil & gas fields

Business Russia

Golden shield: Russian bullion reserves will protect country against slump in oil prices

Posted on October 20, 2019October 20, 2019By Editor

Russia can withstand a sharp drop in crude prices thanks to its sufficient gold holdings and the government’s efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov has said. … Read More >Golden shield: Russian bullion reserves will protect country against slump in oil prices

How much crude oil does plastic production really consume?

Posted on October 13, 2019October 13, 2019By Editor

The advantages of plastics over alternatives—cost and durability—will continue to drive demand for it even as governments around the world clamp down on single-use plastics. … Read More >How much crude oil does plastic production really consume?

Russia vows to develop Cuban energy sector strangled by US blockade

Posted on October 7, 2019October 7, 2019By Editor

Moscow is planning to cooperate on nuclear energy with Havana, and wants to help develop Cuba’s oil and gas resources, a government official said as PM Dmitry Medvedev … Read More >Russia vows to develop Cuban energy sector strangled by US blockade

Discovery of massive oil deposit could be a game-changer for China

Posted on October 5, 2019By Editor

China’s largest oil and gas producer CNPC has announced the discovery of an oilfield that could hold over a billion tons of reserves in the northwest of the country. … Read More >Discovery of massive oil deposit could be a game-changer for China

World

Defiant Erdogan says Turkey will continue to buy oil & natural gas from Iran, despite sanctions – report

Posted on October 3, 2019November 22, 2020By Editor

Turkish President Recep Tayyip Erdogan has said it’s “impossible” for his country to stop purchasing oil and natural gas from Iran … Read More >Defiant Erdogan says Turkey will continue to buy oil & natural gas from Iran, despite sanctions – report