News Desk

Royal Dutch Shell announced the sale of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.The Anglo-Dutch company agreed to sell to OKEA, a Norwegian producer backed by private equity firm Seacrest Capital, its 45...






Embattled commodities trader Noble Group is set to embark on a $3.4 billion debt restructure that it sees as crucial to its survival after winning over a key shareholder with a sweetened equity offer.Noble’s shares surged as much as 57 per cent following a two-day trading halt after it said Abu...






Chinese manufacturer JinkoSolar Holding Co Ltd expects to start manufacturing solar panels at a new factory in Jacksonville, Florida, by the fourth quarter, and production will not be affected by the latest round of US tariffs on Chinese products, a company executive said.The administration of...






Baytex Energy Corp will buy rival Raging River Exploration (RRE) for C$2.8 billion ($2.13 billion), the Canadian oil and gas producer said, becoming the latest company to bet big on Canada’s vast shale reserves.Oil producers have made a beeline for the Duvernay and Montney formations, known for...






The 335,000-barrel-per-day Isla refinery operated by Venezuela’s state-run PDVSA in Curacao is working at minimum capacity while awaiting new crude shipments and as a tanker backlog in the country’s ports began to ease, four sources close to the facility told Reuters.PDVSA’s operations this year...






Global energy trader Vitol kicked off the planned A$5 billion ($3.7 billion) float of its Australian refinery and fuel supply network Viva Energy, in what would be the country’s biggest initial public offering in four years.The sale of the unit, which supplies about a quarter of Australia’s fuel, is...






Small shale producers, which powered development of the sector in the United States, are struggling to break into Argentina due to financing difficulties and lack of infrastructure, analysts and industry sources say.The Vaca Muerta deposit, located in western Argentina, is a Belgium-sized play...






Commodities trader Trafigura has signed a second deal with Singapore LNG Corp, operator of the city-state’s first liquefied natural gas (LNG) terminal, for storage and reload services, the two companies said.Under the agreement, which was signed on May 30, Trafigura will have access to 160,000 cubic...






Tags