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World’s Largest Oil Traders are competing to buy Petrobras’ Nigerian assets

Vitol, Glencore, and Shell are in the running to buy the Nigerian oil assets of Brazil’s state oil firm Petrobras The world’s three largest oil traders are competing to buy the...

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Venezuela suffers but his president buys Oil for Cuba

Maduro buys $440 million foreign oil and send it to Cuba on friendly credit terms while Venezuelans starve. Venezuela has been buying foreign crude to continue supplying political allies such as...

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Shell and Total to develop gas project in Oman

Total and Shell as operators will develop several natural gas discoveries located in Oman. Oman, the biggest Middle East oil producer outside Opec, signed two separate agreements with France’s Total and...

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Poland Cuts Russian Oil Import Dependence

Poland is reducing its dependence on imports from Russia but at a cost Last year Poland’s imports of Russian oil dropped to their lowest level since 2005, according to a report...

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Iran Oil Show 2018

At the exhibition Iran stressed the importance of Iran’s role in the energy market and the will to keep low oil prices. Over 4,000 domestic and foreign companies are participating in...

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Eni, new oil discovery in Egypt

Italian oil company Eni announced an oil discovery in the Egyptian Western Desert. Eni has announced a new oil discovery in the Faghur basin, in the Egyptian Western Desert, 103 km...

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Saudi Arabia needs oil at nearly $90 to balance its budget

Saudi Arabia’s efforts to revive economic growth are still dependent on oil prices, even as the kingdom tries to reduce its reliance on revenue from crude exports. Higher oil prices have...

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Gazprom’s TurkStream reaches Turkish shore

With this new pipeline Russia will pump more natural gas into the European market. Russia’s Gazprom has completed the sea portion of the first line of the TurkStream offshore gas pipeline...

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China’s Sinopec is going to extend cuts in Saudi crude oil imports

The unexpected price increase prompted some Asian refiners to trim Saudi Crude imports by 40 percent and seek substitutes in the spot market. China's Sinopec, Asia's largest refiner, plans to continue...

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No need to extend OPEC, non-OPEC pact if crude oil prices rise

According to Iran’s petroleum minister, if crude oil prices continued to rise there would be no need to extend a pact between OPEC and non-OPEC producers. Yesterday Iran's oil minister Bijan...

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Saudi Aramco and Gazprom boost Gas cooperation

Russian gas giant Gazprom has signed an Addendum to a Memorandum of Understanding with Saudi Aramco, to boost their cooperation in the gas sector, widening the possible areas of collaboration...

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Otto Energy grows in the Gulf of Mexico

Australia-based oil and gas company Otto Energy is looking to grow its presence in the U.S. Gulf of Mexico Oil and gas explorers Otto Energy and Byron Energy have cheered first...

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If you are interested in becoming a Dealoil partner please get in touch by emailing us at info@dealoil.co.uk. We look forward to hearing from you. The Dealoil team