International

Aramco chief wins energy executive of the year award

Saudi Aramco’s president and CEO, Amin Nasser, has been named energy executive of the year by a panel of international industry leaders.

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Oil prices steady after falling amid return of supply

Oil prices were steady on Tuesday, sitting on losses of nearly 3% from the previous session as supplies began to resume in Norway, the U.S. Gulf of Mexico and Libya, while the IEA forecast a 5% fall in global energy demand in 2020.

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BP Ignores Oil Market Fundamentals In Latest Energy Outlook

Peak demand has been on the oil industry’s radar for some time but mainly as a distant event with vague implications. BP tried to change that last month with a bearish long-term forecast for oil demand that said peak demand is either here now or will arrive in the next few years.

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High Risk Tanker Held In Lebanon Previously Involved In Moving Oil To Syria

An oil products tanker, the Jaguar S, recently made headlines in Lebanon. Lebanese authorities have arrested at least four Lebanese individuals after discovering that the vessel had entered the country “illegally,” according to a statement issued by the Lebanese army.

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Iran .. installing a housing platform in the Gulf in a shared field with Saudi Arabia

The Director of Facilities Installation at the Iranian Continental Shelf Company, Muhammad Hussein Karimi Ha, announced the preparations for the installation of a housing platform in the Gulf in a joint field with the Kingdom of Saudi Arabia.

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Libya NOC lifts force majeure on Sharara oilfield

Libya’s National Oil Corporation (NOC) said it was lifting force majeure on Sharara oilfield from Sunday.

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Oil Explorers Get Back to Work After Delta Rakes Louisiana

Oil explorers, tugboat operators and other U.S. Gulf Coast businesses got back to work on Saturday after the region was slammed by its second hurricane in six weeks.

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TechnipFMC has won a subsea contract worth at least $500 million

TechnipFMC reported that it has won a large subsea contract from a unit of Exxon Mobil Corp. ranging in value from $500 million to $1 billion.

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