Chinese firms may replace XOM in Iraq megaproject

      Iraq is turning to Chinese companies to replace ExxonMobil (XOM) in a $53 billion oil infrastructure megaproject, two sources told Energy Intelligence. The escalation in regional tensions and deadlocked negotiations have made the U.S. supermajor’s involvement in the project look increasingly doubtful in recent months, the sources said, Kallanish Energy understands. ExxonMobil … Read more

Catch The Buzz

Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – and have the chance to make the biggest impact on the oil and gas — and energy industry as a whole. US natgas price will plunge to 1970s … Read more

Rosneft says ready to talk Venezuela with US

      Russian giant oil producer Rosneft said it’s ready to talk to U.S. authorities regarding its business in and with Venezuela’s state oil company, PDVSA, following threats of sanctions, Kallanish Energy reports. The company said in a statement earlier this week any attempt to restrict Rosneft or its subsidiaries in activities permitted by law, in … Read more

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