World Oil (WO) — Fossil fuel and green energy groups alike have joined forces, in an effort to reform what they call a “broken permitting system,” according to Fox News. A coalition that includes the American Petroleum Institute, Independent Petroleum Association of America and the American Clean Power Association sent a letter on Monday morning, urging Congress to pass “meaningful
From Reuters When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded a company jet in Paris and flew to New Delhi. Chief executive Amin Nasser arrived unannounced early on April 11, 2018, finalised the agreement and signed it later that day. Negotiators had just
Sinopec offers major stake in international unit to Chinese investment firms China Petrochemical Corp., or Sinopec Group as it is commonly referred to, is selling more than half of a unit which holds its overseas assets to two state investment vehicles. No value for the transaction was provided, but the deal will split ownership into two 30% stakes and one
China looks to break oil and gas monopoly with new structure, further reforms The Chinese government is moving forward with plans to shake things up at its oil and gas monopolies. Reports say China will take the oil and gas transportation operations currently under the control of state-giants China National Offshore Oil Corp (CNOOC; ticker: CEO), China National Petroleum Corp
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