Oil extended its biggest weekly decline since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.
The company’s targeted net production for 2020 is 520mn-530mn barrels of oil equivalent.
Despite the increase in tensions across the Middle East after the killing of an Iranian general by a U.S. air strike, hedge fund managers added only modestly to their bullish position in petroleum last week.
Two weeks ago, the vast majority of the world’s ships were forced to change the fuel they use.
As jobs for ex-government ministers go, little beats a non-exec post at an Aim outfit. So imagine Mark Simmonds’ delight. A week ago, he lucked out with Lekoil, joining the board of the Nigeria-focused oil and gas outfit, apparently valued at £50 million. And what better berth for the ex-Foreign Of
A Nigerian oil explorer appears to have been defrauded after paying $600,000 for a fake $184 million loan agreement with people pretending to represent Qatar’s sovereign wealth fund.Shares in the Aim-listed Lekoil were suspended yesterday after the Qatar Investment Authority queried the supposed loa
Two weeks ago, the vast majority of the world’s ships were forced to change the fuel they use. Some big winners — and potential losers — are starting to emerge from what was a historic switch for the world’s oil refining and maritime industries.
For over a decade, Axens has built a strong and trustful relationship with Borouge, involved in technologies, catalysts and services supply.
Global oil benchmark Brent crude rose to more than $64.50, recovering from four days of declines on easing Middle East tensions, as the United States and China prepared to sign a preliminary trade deal.
Sparrows Group has secured a five-year contract with Tengizchevroil (TCO) to deliver specialist lifting inspection services for the Tengiz field in Kazakhstan.