Sunday, November 24, 2024
Rocket Hits Site of Foreign Oil Firms Exxon, Shell, Eni in Iraq's Basra, Three Hurt

ISIS: a Criminal/Terrorist Enterprise with a Business Acumen that has No Historical Precedent

After Paris: U.S. and Russian air strikes target ISIS’s $50 million monthly oil revenues As the battle against ISIS continues, allied forces are increasingly targeting oil assets and the convoys of trucks being used to smuggle oil from ISIS-controlled oilfields. The idea is to cut off the major source of funding for the Islamic State’s barbaric terrorist activities. It is

Schlumberger, Cameron megadeal clears major regulatory hurdle

Houston Business Journal Schlumberger Ltd.’s (NYSE: SLB) proposed acquisition of Cameron International Corp. (NYSE: CAM) appears to be moving along according to plan. On Nov. 17, the U.S. Department of Justice unconditionally cleared the $14.8 billion stock-and-cash deal between the two energy giants, which was first announced in August. The department granted an early termination of the waiting period required

China Cuts Natural Gas Prices by 28%

China hopes to spur demand for natural gas China’s National Development and Reform Commission (NDRC), the country’s top economic planner, announced this week that it plans to reduce the benchmark city-gate prices for natural gas by 0.7 yuan ($0.11) per cubic meter for industry and commercial users. Analysts believe the move, which was expected, effectively reduces the cost of city-gate