News Desk

Noble Group, the once mighty commodity trader, completed its drawn out $3.5 billion debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business.The completed restructuring effectively closes the saga of Noble’s collapse from Asia’s biggest commodity trader with a market...






Alexander Oboronkov leapt at the chance to work on the Filanovsky platform after it was launched in 2016, keen to see Russia’s largest Caspian Sea oilfield in action.The Filanovsky oilfield, along with the nearby Korchagin and Rakushechnoye fields, are key to the growth plans at Lukoil, Russia’s...






US oil major ExxonMobil Corp has withdrawn its WCC liquefied natural gas (LNG) export terminal in Canada from the environmental assessment process, it said, signalling that the project has been shelved.The decision to pare its LNG project portfolio follows the go-ahead of a giant Royal Dutch Shell-...






A Paris court fined French oil and gas group Total 500,000 euros ($570,000) for bribing foreign public officials in a case related to Iranian contracts in 1997.Total, was charged with paying $30 million under the cover of a consultancy contract to facilitate a deal for the South Pars gas field more...






Guyana’s government is 'in discussion' with Exxon Mobil after two ships searching for oil off the South American country’s coast halted work following a weekend confrontation with Venezuela’s navy, Guyana’s foreign minister said.Both neighboring South American countries said the incident had...






Royal Dutch Shell said it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world’s largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.Though the project started up later and cost...






Tags