Trump administration targeting Cnooc over South China Sea role
China’s biggest offshore driller is being targeted in the final days of President Donald Trump’s administration for its activity in the South China Sea.
US sanctions
Pacific Island nation tells Venezuela ‘that oil tanker isn’t ours’
The island nation of Palau says a tanker that recently loaded Venezuelan crude was using a false signal to disguise its identity, potentially putting the Pacific country in the crosshairs of U.S. sanctions.
Russia pushes ahead with Nord Stream 2 before US sanctions
Russia is stepping up work on the Nord Stream 2 pipeline before the US tightens sanctions against the controversial project designed to feed more natural gas into Germany.
Iran dismisses US efforts over UN sanctions as currency drops
Iran's president dismissed US efforts to restore all UN sanctions on the country, as mounting economic pressure from Washington pushed the currency down to its lowest level ever on Sunday.
Iran’s giant oil discovery brings ‘little material benefit’ under crushing US sanctions
Iran’s 50billion barrel oil find will bring little benefits while it remains under the weight of US sanctions, an analyst has said.
Iran tanker signals it’s heading for Greece on leaving Gibraltar
The Iranian supertanker detained last month on suspicion of hauling oil to Syria in violation of European sanctions set sail from Gibraltar waters after being released by the British territory and is now signaling Greece as its next destination.
Maduro gets oil lifeline from Russia after US sanctions hit
Just as Venezuelan state-run oil company PDVSA was running out of an obscure product needed to thin out its crude and keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue.
Serica’s deals with BP, Total near completion as US sanctions waiver granted
Serica Energy said today that the US had granted a conditional licence removing restrictions on production from a UK North Sea field.
Rosneft takes Irish detour around sanctions aided by Moscow bank
A Russian oil company effectively barred from international capital markets by western sanctions has found an ingenious workaround. It involves a Moscow bank taking a detour to Dublin.
North Korean ships may be ignoring fuel sanctions
At least eight ships carrying fuel cargos from Russia are believed to have turned toward the communist state rather than their declared destination.
Venezuela President defiant as US slaps sanctions on him
President Nicolas Maduro has claimed a popular mandate to dramatically revamp Venezuela’s political system, dismissing US sanctions imposed on him and condemnations by his domestic opponents.