China’s new leaders exert control over oil company
China’s new leaders are asserting their authority over the country’s oil giant with a corruption investigation that has netted five former and current top oil executives, including the latest — the...
View ArticleBrazil grants landmark offshore oil contract to foreign companies, amid...
Brazil awarded a consortium the rights to share in risk and profit in developing the Libra offshore field, estimated to contain 12 billion barrels of oil.
View ArticleAnalysts criticize economics of Brazil’s Libra field bid
Less than a week has passed since Brazil’s landmark auction of its gigantic offshore Libra field, but analysts are already saying that the country should not view the results as a success.
View ArticleExxon Mobil drops to No. 4 in world rankings of largest oil firms
While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.
View ArticleChina considering merging state-owned oil companies
The country’s leaders have asked government economic advisers to study the possible mergers, the Wall Street Journal said, citing unidentified officials familiar with the research.
View ArticleCNPC chair: China has “new normal” of slow growth
China's weakened economic growth means slower growing oil demand and increasing competition from renewable power sources, Wang said through a translator Tuesday at IHS CERAWeek in downtown Houston.
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