The NA approves the latest draft of the Law on Oil and Oil Production Management.
Arab leaders gathered in Saudi Arabia yesterday for emergency summits that Riyadh hopes will deliver a strong message to Iran that regional powers will defend their interests against any threat following attacks on Gulf oil assets this month.
Saudi Arabia wants to avert war in the region but stands ready to respond with “all strength and determination” following last week’s attacks on Saudi oil assets, a senior official said on Sunday, adding that the ball was now in Iran’s court.
Cambodia’s first oil refinery now scheduled for completion in 2022.
Solinn Lim, Oxfam’s director, discusses good governance in the extractive industry.
Oil major Total is picking up about 150,000 retail energy customers a month in France and is on course to hit its 2022 target.
Cambodia will have to sell its crude oil when it starts producing later this year.
The fast-growing US oil and natural gas industry are overshadowed.
India’s Reliance Industries Ltd, says it had halted supply of diluents to Venezuela’s national oil company PDVSA.
The US is pressing India to stop buying oil from the Venezuelan government.
Nigerian President Muhammadu Buhari wins a second term at the helm of Africa’s largest economy and top oil producer.
A senior official with the Ministry of Mines and Energy confirmed yesterday that Canadian firm Angkor Gold Corp is seeking to diversify its operations in the Kingdom into oil and gas and that the company is now applying for exploration licenses.
The management of gasoline prices in Cambodia could serve as a good case study to replicate in the price management of other utility items, argues Sim Vireak.
The Venezuelan government has demanded respect for its sovereignty.
Cheap Sour, the director-general of the General Department of Petroleum at the Ministry of Mines and Energy, said Cambodia will be ready to commercially produce oil in early 2020, while exportation may also be in the pipeline in the future.
A hack on Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus.
Timor-Leste’s recent action to acquire a majority stake in the joint venture to develop oil and gas resources in the Greater Sunrise field, gives it a greater say on the controversial issue of the location of the pipeline.
For the past decade, China’s strategy for internationalising the renminbi has involved greater reliance on the IMF’s Special Drawing Rights as an alternative international reserve currency.
OPEC are working for a deal to reduce oil output by at least 1.3 million barrels per day.
Polish oil company PKN Orlen is to sponsor Williams following the F1 team’s signing of Robert Kubica as a driver for next season.
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year.
Scottish marine Ardent is adapting the tanks it used to refloat the Costa Concordia.
US light sweet crude settled at $50.42 a barrel, down nearly 23 percent since October.
Britain’s top stock index sank as mining companies and oil majors sold off.
Oil rises by more than 1 percent, set for its largest one-day increase in a month.
Canada’s biggest railroad says it is attracting interest from oil producers.
Wall Street’s three major stock indexes lost ground.
KrisEnergy contracts Keppel Shipyard.
Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August.
The US State Department is telling countries to cut oil purchases from Iran to zero.