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Texas electricity firm files for bankruptcy

Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from…

Georgia to Soon Start Searching for Hydrocarbons on Black Sea Shelf

The State Oil and Gas Agency of Georgia will soon sign an agreement on the share distribution of products with the Austrian oil and gas…

Car With Explosives Found Near Home Of India’s Richest Man

Indian police found on Thursday a car with explosives near the home of Mukesh Ambani, India’s richest man and chairman of Indian oil-to-telecoms conglomerate Reliance Industries…

Major oil company entering Georgian market

An agreement between the Georgian Oil and Gas Corporation and the Austro-Romanian company OMV Petrom will be signed in the coming days, Georgian Minister of…

Exxon to divest some UK, North Sea assets for over $1 billion

Exxon Mobil Corp will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1…

Again, Like One Year Ago, Saudi Arabia, Russia Disagree on Quotas

Saudi Arabia contacted a number of OPEC+ countries on February 21 about the parameters of the deal in April As RIA Novosti was told by a source…

Summer oil market looks strong after Texas freeze

Trafigura Group sees oil markets firming in the coming months as most of the world emerges from lockdowns and production losses from the recent U.S….

Iraq Pauses Massive Prepaid Oil Deal With China As Prices Soar

Iraq has put on hold an oil supply deal with a Chinese company that featured an advance payment of several billion dollars as higher oil…

Why Investors Are Buying Bonds Of The World’s Most Indebted Oil Company

Despite the fact that the yield on the benchmark bonds of Mexico’s Pemex is so high that it would typically mean a company is on…

Saudi Arabia Warns Oil Producers To Remain “Extremely Cautious”

Oil producers need to remain extremely cautious as uncertainty on the market is still very high, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on…

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