Report: Houthi Strike Took Saudi Refinery Offline Through Mid-August
The effects of the Houthi attack on Saudi energy infrastructure will continue on well into the next month, according to state oil company Saudi Aramco.
oil
Shell Pivots to LNG Core With $720M Sale of Cyprus Unit to Hungary’s MOL
Shell said on Friday it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British oil major sharpens its focus on LNG operations.BG Cyprus' 35 per…
Oil Loading Again Suspended From Caspian Pipeline After Tankers Are Struck
The Caspian Pipeline Consortium reported it has again suspended operations after what it called additional “terrorist attacks” overnight on July 30. Two tankers were struck and received minor damage in the latest attacks, which came just days after operations resumed.
Middle East Strikes and Shrinking US Crude Stocks Send Oil Prices Up
Oil prices climbed seven per cent on Wednesday as airstrikes resumed in the Middle East, adding to worries about dwindling supply as US government data showed domestic crude inventories fell to a multi-year low.
Four Firms Eye Bids for BP Offshore Egyptian Gas Assets
Dragon Oil, Carlyle Group, Energean and Artemis Energy are among the groups expected to bid this week for assets in BP's West Nile Delta natural gas development off Egypt, three sources familiar with the sale process said.British oil major BP,…
Baghdad Bets on Syria and Turkey Pipelines to Secure Oil Exports
Iraq is moving to build a westbound crude export network that would channel oil from its southern fields to the Mediterranean, reducing its reliance on the Strait of Hormuz.