Government & Regulations

South Korea May Increase U.S. Oil and Gas Imports If Trump Wins Presidency

South Korea’s growing trade surplus with the United States could lead to increased purchases of U.S. oil and gas if…

Chevron and Exxon: Strong Earnings Amid Oil Price Declines

Exxon Mobil Corp. and Chevron Corp. have surpassed analysts’ expectations in profit, output, and sales, thanks to increased oil production…

UK Offshore Oil and Gas Industry Says Standoff With Government Is Over

The UK offshore oil and gas industry has announced the resolution of a recent standoff with the government over tax…

Saudi Arabia May Cut Oil Prices for Asian Buyers Next Month

Saudi Arabia is reportedly considering a reduction in the official selling prices for most of its oil grades for Asian…

Australia’s Tax Overhaul Yields Billions from Big Oil

Australia has seen a record influx of tax revenue from the oil industry due to significant changes in tax legislation.…

Exxon to sell Vaca Muerta shale assets to Pluspetrol S.A.

Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale region to Pluspetrol S.A.,…

Rosneft Resumes Operations at Tuapse Refinery in November

Rosneft is set to resume operations at its Tuapse oil refinery located on Russia’s Black Sea coast starting in November,…

Lukoil’s Trading Arm Seeks to Revive U.S. Business

Litasco, the international trading and shipping firm owned by Russian company Lukoil, is making moves to rebuild its presence in…

Vietnamese EV Maker Gets $1 Billion in Funding Led by UAE

VinFast Auto, Vietnam’s electric vehicle manufacturer, is set to receive at least $1 billion in overseas funding led by Emirates…

CNOOC signs contract for Block 7 in Iraq

CNOOC Ltd.’s subsidiary, CNOOC Africa Holding Ltd., has signed an Exploration, Development, and Production Contract (EDPC) with the state-owned Midland…

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