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...In early February, a major oil slick appeared about 60km off the coast of Bintan, a northern Indonesia island near Singapore and popular with western and Asian tourists....
...The vessel’s activity near the east coast of Taiwan was likely related to seabed critical mineral deposits, he added. Cartography by Steven Bernard and Cleve Jones...
...But the only taker for Guyana’s credits so far has been US oil and gas producer Hess Corporation, which owns 30 per cent of the Stabroek oil block off Guyana’s coast, and was bought by Chevron last year....
...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...An oil tanker that was embroiled in a dispute between the US and Iran has been seized off the coast of Oman, in a raid that UK maritime authorities said was carried out by individuals in military-style uniforms...
...of a stake in a massive oil project off the coast of Guyana....
...Last June, it agreed to sell 4mn tonnes a year of LNG to China National Petroleum Corporation for 27 years, following a similar deal with China’s Sinopec in November 2022....
...On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...Iranian forces seized an oil tanker off the coast of Oman as the threat to shipping in the Middle East spilled into one of the world’s most important oil export routes....
...A vessel from China’s coastguard has blocked two Philippine government ships for hours a short distance from the south-east Asian country’s coast, in a further escalation of tensions between the two nations...
...The China National Offshore Oil Corporation owns 25 per cent, while Hess holds the remaining 30 per cent that would transfer to Chevron if the deal closes....
...“This will leave Europe more reliant on east-of-Suez barrels, and that’s why the disruptions to shipping in the Red Sea will have a huge effect,” said Natalia Losada, an oil products analyst at Energy Aspects...
...Further up the coast from Kampot, the new canal would allow easy access to and from the Sihanoukville Special Economic Zone, a recipient of significant Chinese Belt and Road Initiative investment, and the...
...More energy industry news: Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation....
...One video showed flames and a huge plume of black smoke rising from the Ryazan oil refinery south-east of Moscow....
...Exxon has begun an arbitration process against Chevron over the latter’s $53bn deal for Hess, arguing it has the right of first refusal over Hess’s stake in the oil-rich Stabroek Block off the coast of Guyana...
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...While it remains privately held, Trafigura has adopted some of the behaviours of a publicly listed corporation....
...“One is a widening of the current Middle East conflict. That has obvious implications for oil,” he said....
...He also criticises the failure of many smaller oil and gas operators that have overpromised to investors....
...Tensions are escalating between the two biggest US oil majors over a valuable asset off the coast of Guyana....
...But an ill-timed move into oil ultimately led to its bankruptcy when the Covid-19 pandemic crushed fuel demand in 2020....
...Services between Asia and Europe are most affected, although some from Asia to the US east coast have also been hit....
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