CITGO Formally Cuts Ties with PDVSA
U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to meet U.S. sanctions imposed on the OPEC country, two people close to the decision…
Nigeria Investigating Brass LNG Corruption
Nigeria will hold an investigation into alleged corruption involving the state oil firm's long-awaited Brass LNG project, including questions over the use of government funds. The Nigerian National Petroleum…
Swiss Detain Brazilian in Petrobras Probe
Swiss authorities have arrested a Brazilian citizen linked to a criminal investigation into suspected bribes paid to former directors at Brazil's state-run oil company Petroleo Brasileiro SA, Swiss federal prosecutors said on Wednesday.
Libyan Oil Firm Postpones Dubai Conference to Discuss Contracts
A state oil firm loyal to Libya's official government based in the east of the country has postponed a conference in Dubai to discuss oil majors' existing contracts with the OPEC member country. The event will now be held on Sept.
Israeli Regulator Wants to Question Siemens Officials in Bribery Case
The Israel Securities Authority wants to question officials from Siemens as part of a corruption investigation at state-owned Israel Electric Corp (IEC), the Calcalist financial newspaper reported on Wednesday.
Libya's Official Government Bids for Oil Cash
Libya's Prime Minister Abdullah al-Thinni has said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival self-declared administration in Tripoli.
Slumping Oil Won't Derail $500 bln Gulf Infrastructure Plan
Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace and the rest turn to buoyant funding markets.
India to Pay Iran $500m as Second Part of Oil Deal
Indian refiners will pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said in Friday.
India Prepares to Pay $400 mln Under Interim Deal to Iran
Iran has sought payment of $400 million from India under an interim deal with six world powers that allows the OPEC nation to recover part of its overseas frozen oil revenues, industry sources said in Wednesday.
Cameron Warns of Economic Threat from Scottish Breakaway
British Prime Minister David Cameron told Scots on Thursday that much of their industry and more than one million jobs could be put in jeopardy if they vote next month to leave the United Kingdom. In a…
Genel Energy plc Announced 1H 2014 Results
Genel Energy plc ("Genel" or the "Company"), the London listed exploration and production company and largest independent oil producer in the Kurdistan Region of Iraq, announces its unaudited half year results to 30 June 2014.
Ex-Petrobras Director Re-Arrested
A former executive of state-run oil company Petroleo Brasileiro SA, who is under investigation for involvement in a money-laundering scheme, was re-arrested on Wednesday after Brazilian prosecutors said he kept $23 million in a Swiss bank.
