Oil companies – Page 5 – THE OVAL CIRCLE

ISIS claims responsibility for rocket attack on Iraqi oil refinery

Posted on November 29, 2020November 29, 2020By Editor

Islamic State (IS, formerly ISIS) has claimed responsibility for a rocket attack that set an oil refinery in northern Iraq on fire. The refinery was previously put out of action by IS during the caliphate’s Iraqi campaign. … Read More >ISIS claims responsibility for rocket attack on Iraqi oil refinery

Business

Shell must pay nearly half a billion for oil spill in Nigeria, court rules

Posted on November 29, 2020November 29, 2020By Editor

Nigeria’s Supreme Court has declined an application from Royal Dutch Shell which aimed to set aside a previous ruling that ordered the company to pay $467 million for damages caused by an oil spill almost five decades ago. … Read More >Shell must pay nearly half a billion for oil spill in Nigeria, court rules

Business

Six US oil executives convicted in Venezuela on corruption charges

Posted on November 28, 2020November 28, 2020By Editor

A Venezuelan court has found six American oil executives, known as the Citgo 6, guilty of a wide-ranging corruption scheme, immediately sentencing them to prison on Thursday. … Read More >Six US oil executives convicted in Venezuela on corruption charges

Middle East

US Slaps Sanctions on Syria’s National Defence Forces, Ministry of Petroleum and Mineral Resources

Posted on November 10, 2020November 10, 2020By Editor

Western sanctions were imposed on the Syrian government after the break out of the civil war in the country that has continued up to the present, though Damascus has managed to take back control over most of the country’s territory. … Read More >US Slaps Sanctions on Syria’s National Defence Forces, Ministry of Petroleum and Mineral Resources

Business

Oil investments are drying up as crude demand falters

Posted on November 3, 2020November 3, 2020By Editor

The COVID-19-induced shortage in key oil investments could spell trouble for the entire industry for years to come. … Read More >Oil investments are drying up as crude demand falters

Business

Russia’s Lukoil looks to boost oil production in Iraq

Posted on October 22, 2020October 22, 2020By Editor

Russia’s second-largest producer, Lukoil, is eager to increase its oil production in Iraq once the production cuts of the OPEC+ group end, Egor Zubarev, Managing Director of Lukoil Mid-East, told Bloomberg. … Read More >Russia’s Lukoil looks to boost oil production in Iraq

Latin America

Venezuela Resumes Operation of Two Oil Refineries, Maduro Says

Posted on October 2, 2020October 2, 2020By Editor

Venezuelan President Nicolas Maduro said the operation of two oil refineries had been restored and the country had become self-sufficient in petrol supplies for domestic use. … Read More >Venezuela Resumes Operation of Two Oil Refineries, Maduro Says

Middle East

Eastern Libyan forces will resume oil production, commander Haftar says

Posted on September 20, 2020September 20, 2020By Editor

Khalifa Haftar said on Friday his forces would lift an eight-month blockade in Libya and let oil production resume as their rivals in Tripoli want a committee to be formed to ensure fair distribution of revenues. … Read More >Eastern Libyan forces will resume oil production, commander Haftar says

USA

Trump speeds up plans for oil development in Alaska wildlife reserve, but drillers may show little interest amid industry slump

Posted on August 18, 2020August 18, 2020By Editor

The Trump administration said it will begin leasing oil exploration blocks in Alaska’s Arctic National Wildlife Refuge (ANWR), inflaming opposition at a time when it may not even be economically attractive to drill in the region. … Read More >Trump speeds up plans for oil development in Alaska wildlife reserve, but drillers may show little interest amid industry slump

Business

Russia supplies first shipment of Arctic oil to China

Posted on July 13, 2020July 13, 2020By Editor

Russian energy giant Gazprom Neft has started supplying crude from its Novy Port Arctic oil field to China. The first batch amounting to 144,000 tons of crude was delivered to Yantai port, the company announced. … Read More >Russia supplies first shipment of Arctic oil to China

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