US-led coalition warplanes bombed Islamic State group positions across four provinces in northern and eastern Syria overnight, hitting a grain silo as well as the country’s largest gas plant, activists said.
Washington and its Arab allies opened their air assault against the extremist group last week, going after its military facilities, training camps, heavy weapons and oil installations.
The campaign expands on the air strikes the United States has been carrying out against the militants in Iraq since early August.
The easing of tensions in Ukraine will offer little respite to Russia as the lowest oil prices in more than two years threaten to tilt the $2trillion economy toward recession, according to a Bloomberg survey of analysts.
Russia and Ukraine are holding talks to solve their long-running gas dispute as pressure mounts for a solution to head off a winter supply crisis in Ukraine and beyond.
Russian prosecutors filed suit to regain state ownership of the oil producer controlled by Vladimir Evtushenkov, as government lawyers stepped up their campaign against the arrested billionaire.
Africa Oilfield Logistics is looking to close in on acquiring Ardan Logistics Kenya Limited in full.
The firm’s board exercised the call option to acquire all of Ardan’s share capital.
Africa Oilfield Logistics made an initial investment in Ardan earlier this year as a part of a strategic bid to target East Africa.
After Exxon Mobil Corp. mounted a campaign to warn U.S. officials that prematurely halting work with Russian oil giant Rosneft on an exploratory oil well could foul the Arctic, the Obama administration last week gave the company a two-week reprieve from sanctions on Russia.
US-led air strikes have targeted Syrian oil installations held by the Islamic State group, killing about 20 people, as the militants released dozens of detainees in their de facto capital, activists said.
The former chief executive of Black Elk Offshore Operations has left the firm to set-up shop for a new venture targeting under-capitalised assets.
Under his leadership, Black Elk deployed a “buy, shine, sell” strategy before participating in a mass company assets sell-off last month.
MX Oil has fully incorporated its joint venture company Geo Estratos.
The move is a strategic play in allowing MX Oil to leverage Mexico’s re-opened private sector.
Wrapping up a $7.6billion acquisition is satisfying for any executive. Outmaneuvering your former boss to do so is even better.
Siemens AG Chief Executive Officer Joe Kaeser did just that in a deal to buy Dresser-Rand Group Inc., a US oil-and-gas equipment specialist. Also bidding for the company was Swiss pumpmaker Sulzer AG, where former Siemens chief Peter Loescher is now chairman.
Loescher “worked for Siemens, and I can well imagine that the attractiveness of Dresser-Rand was known to him,” Kaeser told journalists on a conference call on Monday.