Keyword: Oil

News

Exxon and Russia Bury $600 Million Tax Dispute

18.09.2017 - ExxonMobil and the Russian government have settled a long-running tax dispute worth more than $600 million, the Russian finance ministry said in a statement sent to French news...

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ExxonMobil Completes Aromatics Buy

18.09.2017 - ExxonMobil’s Singapore affiliate has completed the acquisition of one of the world’s largest aromatics facilities on Singapore’s Jurong Island in Singapore. The project was...

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Mining Giant BHP to Exit US Shale

29.08.2017 - Anglo-Australian mining group BHP is actively pursuing a sale of its US shale assets, which it has determined as non-core to its portfolio. The company unveiled the plans during...

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Tighter US Sanctions on Russia Could Hurt Europe

31.07.2017 - The proposed US tightening of economic sanctions against Russia is making waves not only at home but also in Europe. A bill passed by the House of Representatives last week, which...

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ExxonMobil Contests Russia Sanction Violation Fine

24.07.2017 - ExxonMobil is contesting a $2 million fine from the US Treasury Department for violating sanctions against doing business with Russia. The discussion revolves around a deal made...

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Commission Clears Ineos-BP Pipeline Deal

20.07.2017 - The European Commission has approved Ineos’ acquisition of BP’s North Sea pipelines for up to $250 million. The deal includes the Forties Pipeline System (FPS) that links 85 oil...

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US Court Delays Own Methane Delay Ruling

16.07.2017 - Just days after a Washington DC Court of Appeals ruled that the US Environmental Protection Agency (EPA) may not suspend a planned Obama-era regulation to restrict methane...

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Oil and Gas Projects in Iran Gain Traction

21.06.2017 - Oil and gas projects involving foreign investors appear to be moving ahead in Iran, the country’s news agency Shana reports. Multinational heavyweights such as Petronas and Shell...