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Chevron sells shale field stake to Kuwait
Chevron said it would sell a 30 per cent stake in its Canadian oil shale holdings to Kuwait’s state-owned oil company for $1.5...
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Iran ‘won’t replace’ Russia
Iran is not ready to replace Russia as a key gas supplier if sanctions against Tehran are removed, Itar-Tass news agency quoted Iranian President Hassan Rouhani as...
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BP awards contracts in Oman
BP said it has awarded two drilling contracts worth $730 million for the development of its Oman’s Khazzan tight gas project, it said.It said it has awarded work worth...
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In brief
UAE offers energy firms new dealsABU DHABI: UAE is looking to offer energy companies such as BP, Royal Dutch Shell and Total ‘a good chance to compete’ for concessions in...
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Unusual disconnect seen in US oil market
An unusual disconnect has emerged in the US oil market, with headline futures slumping to levels below $90 a barrel even as...