Oil prices rose 1.3% after much stronger demand in China overshadowed a downbeat report by the International Energy Agency IEA.
Source: Offshore
Oil Rises As Robust Chinese Demand Seen Helping Drain Glut
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The construction of Tanzania’s first flyover at Tazara by the junction of Nelson Mandela Expressway and Nyerere road in Dar es Salaam has progressed 45.3 per cent, according to the Tanzanian government
Source: African Review
Tazara flyover construction marks progress in Tanzania
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The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge.
Source: Offshore
Oil Traders Turn Bespoke Crude Tailors in Offshore Megastore
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The risk of a probe has loomed over the transaction, unveiled in March, for months.
Source: Offshore
British Oil Probe Shows Value of Reading the Small Print: Gadfly
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Shell to sell its 45% stake in the Corrib gas venture to a unit of Canada Pension Plan Investment Board (CPPIB) for up to $1.23 billion
Source: Offshore
Shell To Sell Stake In Corrib Gas Field In Ireland For .23B
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A Canadian company is trying to corner the corner-store market in the US.
Source: Offshore
With Latest Deal, Circle K Owner Steps Up Canadian Invasion
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British oil and gas explorer cuts 15% of its global workforce as it “right sizes” for new FLNG Project.
Source: Offshore
Ophir Energy Cuts Cost; Eliminates Staff
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The ‘West Capella’ drilling vessel contracted by France’s Total and Italy’s ENI moved into position to start exploring for gas off Cyprus.
Source: Offshore
Total To Drill For Gas Off Cyprus Despite Collapse Of Peace Talks
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CVM has reversed a preliminary decision ordering Petrobras to restate financial statements in recent years to include the impact of currency protection on debt and other balance sheet items.
Source: Offshore
Brazil Reverses Preliminary Decision On Petrobras Hedge Accounting
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Israel’s REM Energy partnership issued a prospectus for an offering on the Tel Aviv Stock Exchange to raise money to advance the country’s largest shale oil project.
Source: Offshore
Australian-Owned Group To Raise Money For Israel Shale Oil Project
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