Serica meets conditions for sanctions waiver, buys BHP’s stakes in North Sea duo
Oil firm Serica Energy took another step towards completing a series of UK North Sea acquisitions today.
sanctions
It’s the Iranian oil guessing game. And the bears are winning
Oil sceptics have been proved right in downplaying sanctions against Iran.
US reimposes all Iran sanctions lifted under nuclear deal
The Trump administration has announced the reimposition of all US sanctions on Iran that had been lifted under the 2015 nuclear deal.
US to give 8 nations oil waivers under Iran sanctions
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said.
Serica could revive Rhum well plans, intends to keep BP rotas
Serica Energy is closing in on two acquisitions after the US granted a waiver removing production obstacles on a UK North Sea field.
Trump’s sanctions hammer tested as US retreats from Rusal penalty
President Donald Trump’s attempt to wield U.S. economic strength as a weapon against foreign adversaries is being tested as the Treasury Department struggles to contain the fallout from its sanctions against the world’s second-largest aluminum producer.
Oil nears four-year high as Iran export drop stokes concerns
Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran.
EU plan to sidestep Iran sanctions won’t keep oil flowing
A proposed plan by the European Union, Russia and China to sidestep U.S. sanctions on Iran by using an alternative payment system won’t give its oil buyers a free pass to handle Iranian crude.
If you cross us, there will be hell to pay: US lashes out at Iran
President Donald Trump has lashed out at Iran, with national security adviser John Bolton also warning there would be "hell to pay" if Tehran crossed the US.
In big win for Trump, US sanctions cripple Iranian oil exports
Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President Donald Trump has already managed to crush the country’s petroleum exports, dealing severe economic damage to Tehran.
China shipowners stop hauling Iranian oil as U.S. sanctions loom
China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade.
US-Iran sanctions give China lead in world’s top gas field
China National Petroleum Corp. is expected to take the lead on a $5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic.
US sanctions on Iran up the ante in Middle East oil price war
A price war is brewing between top oil producers in the Middle East, and the U.S. may be at the heart of it.
UK will ‘certainly’ stand up to US over Iran sanctions
The Government will "certainly" stand up to US President Donald Trump over his administration's sanctions on Iran, the minister of state for the Middle East has said.
Brent crude rises as Trump’s Iran sanctions kick in
Oil prices were trading higher on Tuesday amid expectations that US sanctions on major exporter Iran will tighten global supply.
Trump or cheap Iran oil: Dilemma facing fastest growing user
The U.S. embargo on Iran oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of President Donald Trump on trade but lose cheap supplies and precious foreign exchange.
Key US ally to ignore Trump’s Iran sanctions
President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers -- and a key strategic ally of the U.S. -- plans on ignoring them.
Rhum well deferral is ‘good news’ for Serica, analysts say
BP’s decision to delay work aimed at increasing production from the Rhum field because of US sanctions on Iran is “good news” for Serica Energy, analysts have said.
US warns of sanctions if Nord Stream 2 pipe proceeds
The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions.
UK consortium signs agreement with Iran to develop oil field
Iran has signed an agreement with a British consortium to develop an oil field in the country's south, according to state TV.
Opec oil capacity ‘buffer’ to offsetting Iran sanctions, UAE predicts
OPEC has enough spare production capacity to cushion oil markets if the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
Oil wobbles near $70 as Trump keeps world guessing on Iran deal
Oil retreated from the highest level since 2014 as investors weighed competing views on whether the U.S. will reimpose sanctions on OPEC producer Iran and the potential consequences of such a decision.
Exxon to quit Russian oil ventures frozen by US sanctions
Exxon Mobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralyzed a historic drilling project.
Trump’s White House opts not to punish anyone under new Russia sanctions
The Trump administration has decided not to punish anyone - for now - under new sanctions retaliating for Russia's election-meddling, the State Department has said.
‘Stringent new sanctions’ for North Korea under UK-backed European scheme
Fresh sanctions against North Korea secured by Britain to ramp up pressure on the regime will be signed off by European ministers, Boris Johnson has said.