Political & Social Unrest News


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US Gas Exports Hit by China Tariffs as Trade War Escalate
Tuesday, September 18, 2018 China plans to slap tariffs on US natural gas exports as trade tensions escalate, a likely setback for the burgeoning energy relationship.

UK Union Postpones North Sea Strike
Monday, September 17, 2018 UK union Unite postpones a 12-hour strike scheduled for Monday on the Alwyn, Dunbar and Elgin platforms in the North Sea.

Iran Says Oil Market Is Too Tight For US Zero Exports Target
Friday, September 14, 2018 The US will find it difficult to cut Iran's oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, official says.

Documents: Venezuela Resumes Domestic Crude Exports To Cuba
Thursday, September 13, 2018 Venezuela resumed supplying a key domestic crude to political ally Cuba this summer as the South American country's refining output fell further, according to internal documents.

Iran Endures Longest Gap in China Oil Buying in at Least 3 Years
Thursday, September 13, 2018 Iran just endured the longest gap without sending oil to its biggest customer in at least three years.

US Warns Russia It May Sanction New Gas Pipeline to Germany
Thursday, September 13, 2018 US warns Russia that it may follow through on sanction threats over the construction of a major natural gas pipeline to Germany.

IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen
Thursday, September 13, 2018 The IEA warns that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela.

UK Union Members Emphatically Reject Revised Total Pay Offer
Wednesday, September 12, 2018 UK union Unite says its members have 'emphatically rejected' a revised pay offer by Total.

Islamic State Claims Tripoli Attack, Says Oil Fields 'Legitimate Target'
Tuesday, September 11, 2018 Islamic State claimed responsibility for an attack on the headquarters of Libya's main oil company in Tripoli.

Iran Resorts to Floating Storage as Curbs Continue
Tuesday, September 11, 2018 Iran is starting to store oil on its fleet of supertankers again as impending US sanctions force the Persian Gulf country to revive a strategy it deployed under previous curbs.

PetroChina and Qatargas Sign 22-Year LNG Supply Deal
Monday, September 10, 2018 PetroChina Co. signs a deal with Qatargas Operating Co. to purchase 3.4 million tons of liquefied natural gas annually.

South Korea Grants US Wish for Zero Oil Imports From Iran
Monday, September 10, 2018 South Korea has become the first of Iran's top 3 oil customers to fulfill a hard-line US demand that buyers cut imports to zero.

In Response to Trump, Saudis Increase Oil Exports to US
Friday, September 07, 2018 Saudi Arabia has markedly increased oil exports to America.

Union Strike Halts Rigs At Ecopetrol Oilfield, Production Unaffected
Thursday, September 06, 2018 A 24-hour strike has stopped oil rigs and affected well maintenance at Ecopetrol's La Cira-Infantas oilfield, Ecopetrol and the USO union say.

US To Help Nations Replace Iran Oil, May Consider Waivers
Thursday, September 06, 2018 Washington will consider waivers for Iranian oil buyers but they must eventually halt imports as sanctions are imposed on Tehran, Pompeo says.

ExxonMobil Says Blockade Threatens Production At Nigeria Oil Facilities
Tuesday, September 04, 2018 ExxonMobil says that a blockade by former employees threatens crude production at oil facilities in Nigeria.

Reuters Survey: OPEC August Oil Output Hits 2018 High Despite Iran Losses
Friday, August 31, 2018 OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found.

Nord Stream 2 Pipeline On Track Despite Sanction Risk, Operator Says
Friday, August 31, 2018 The Nord Stream 2 pipeline to transport Russian gas to Germany is progressing on schedule, its operator says.

Trinidad Oil Union To Call General Strike If Refinery Shuts Down
Thursday, August 30, 2018 OWTU threatens a general strike if the island's government does not rescind a decision to shut down the country's lone oil refinery.

Petrochina Trying To Cut Impact Of Petchem Import Duties Amid Trade War
Thursday, August 30, 2018 Petrochina is trying to reduce the impact of import tariffs on US petrochemicals imposed by Beijing earlier this month.

Court Quashes Canadian Approval Of Trans Mountain Oil Pipeline
Thursday, August 30, 2018 A Canadian court has overturned approval of the Trans Mountain oil pipeline expansion, leaving the future of the project in jeopardy.

OPEC To Discuss Compensating For Iranian Supply Drop After US Sanctions
Wednesday, August 29, 2018 OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after US sanctions against Tehran start in November.

Hellenic Petroleum Workers Battling Selloff Block Suitors From Refineries
Monday, August 27, 2018 Workers at Hellenic Petroleum physically prevented suitors eyeing a majority stake in Greece's biggest oil refiner from entering two of its sites in protest at plans to privatise the utility.

Talks Between Total, North Sea Oil Workers Collapse, Strikes To Go Ahead
Thursday, August 23, 2018 Talks between Total and workers on three of its North Sea oil and gas platforms broke down on Thursday

Venezuela's Oil-linked Cryptocurrency Leaves Heads Spinning
Tuesday, August 21, 2018 Beaten-down Venezuela on Tuesday began confronting a 95 percent currency devaluation and a regimen of economic controls that, after years of hunger and hyperinflation, landed like a hassle rather than a cataclysm.

ConocoPhillips Settles With Venezuela's PDVSA To Recover $2B
Monday, August 20, 2018 ConocoPhillips will recover about $2 billion under a settlement with PDVSA ending a long-running dispute.

Energy Minister Warns Losing Lofoten Would Imperil Norway's Arctic Push
Monday, August 20, 2018 Backing down on drilling off Norway's Lofoten islands could also threaten the search for oil and gas that lies beneath the Barents Sea, the country's energy minister says.

Sudan Wants ONGC Videsh To Withdraw Arbitration Over Oil Payment Dues
Friday, August 17, 2018 Sudan wants India's ONGC Videsh (OVL) to withdraw arbitration proceedings against the African nation as it is making efforts to mitigate default on payment of dues, OVL says.

Workers To Strike At Three Total North Sea Oil And Gas Platforms On Aug. 20
Thursday, August 16, 2018 Workers at three of Total's North Sea oil and gas platforms will go ahead with a 24-hour strike on Monday despite holding talks with the company.

Chinese Oil Importers Shun US Crude Despite Tariff Reversal
Wednesday, August 15, 2018 Chinese oil importers are shying away from buying US crude.

Union, Total to Hold Discussions Thursday
Wednesday, August 15, 2018 UK union Unite will hold discussions with Total on August 16 to try and reach a resolution to a dispute which has seen Unite carry out strikes on the Alwyn, Dunbar and Elgin rigs in the North Sea.

Hardcore Hedge Fund Bulls Say Iran Sanctions May See Oil At $150
Tuesday, August 14, 2018 Some of the world's most prominent energy investors are convinced the price will return to record highs.

Trump Trade War Threatens US Natural Gas Exporters
Tuesday, August 14, 2018 This winter could be a bleak one for America's natural gas exporters as the fastest-growing buyer of the fuel threatens to halt purchases amid an escalating trade war.

Unite Members Accept New Aker Mariner Offer
Tuesday, August 14, 2018 UK union Unite confirms that members working for Aker Solutions on the Statoil Mariner oil platform have accepted an improved pay offer.

PetroChina Mulls Suspending US LNG Purchases
Monday, August 13, 2018 PetroChina may temporarily halt purchases of US LNG spot cargoes through the winter to avoid potential tariffs amid a trade conflict.

Merkel, Putin To Discuss Syria, Ukraine And Energy
Monday, August 13, 2018 Chancellor Angela Merkel and President Vladimir Putin will discuss the war in Syria, the conflict in east Ukraine and a disputed pipeline.

Unite Carries Out 12-Hour North Sea Strike
Monday, August 13, 2018 UK union Unite is carrying out a 12-hour strike on the Alwyn, Dunbar and Elgin platforms in the North Sea today, a union spokesperson has confirmed.

U.S.-Iran Sanctions Give China Lead in Globe's Top Gas Field
Monday, August 13, 2018 CNPC is expected to take the lead on a $5 billion project to develop Iran's share of the world's biggest gas deposit.

Russia, Iran, And 3 Others Agree Caspian Status, But Not Borders
Monday, August 13, 2018 Iran and 4 ex-Soviet nations, including Russia, agree in principle how to divide up the potentially huge oil and gas resources of the Caspian Sea.

Unite Carries Out Strike in North Sea
Monday, August 06, 2018 UK union Unite is carrying out a strike on the Alwyn, Dunbar and Elgin platforms in the North Sea today, a union spokesperson confirms.

Iran's Oil-Market Realities: How Buyers Are Positioning for Sanctions
Monday, August 06, 2018 In 3 months' time, U.S. sanctions on Iran are due to enter into force that could drive the Persian Gulf nation's exports down toward zero and upend the global oil market.

Unite Scheduled to Go Ahead with North Sea Strike on Monday
Friday, August 03, 2018 Members of UK union Unite employed by Total E&P working on North Sea oil and gas platforms are scheduled to go ahead with a 24-hour strike on August 6, a union spokesperson confirms.

China Rejects U.S. Request to Cut Iranian Oil Imports
Friday, August 03, 2018 The U.S. has been unable to persuade China to cut Iranian oil imports, according to 2 officials familiar with the negotiations.

Union: Workers to be Balloted on New Pay Offer
Wednesday, August 01, 2018 UK union Unite confirms that members working for Aker Solutions on the Statoil Mariner oil platform are to be balloted on a new pay offer.

Yemen's Houthis Halt Red Sea Attacks For Two Weeks
Tuesday, July 31, 2018 Yemen's Houthi group says it is unilaterally halting attacks in the Red Sea.

Industry Expert Highlights Importance of UK O&G's 'Frictionless' EU Access
Tuesday, July 31, 2018 Paul de Leeuw, director of Robert Gordon University's Oil and Gas Institute, has highlighted the importance of the UK oil and gas industry's 'frictionless access to Europe'.

Strike At Total's UK Offshore Oil Platforms Set For Monday-Union
Friday, July 27, 2018 A 12-hour strike at Total's offshore oil and gas platforms in the North Sea will go ahead as planned on July 30, a spokesman for Britain's Unite the Union says.

Analysts: Increasing Scale, Repetition of North Sea Strikes Raises Risks
Thursday, July 26, 2018 The increasing scale and repetition of labor strikes in the North Sea raises operational risks, BMI Research says.

Tullow Shuts Down Kenyan Oilfield Operations Due To Unrest
Wednesday, July 25, 2018 Tullow Oil has stopped work at its Kenyan oilfields and halted trucking operations after protests.

Houthi Attack Damages Saudi Ship Off Yemen's Coast
Wednesday, July 25, 2018 Yemen's Houthis attacked a Saudi oil tanker in the Red Sea, causing slight damage, an Arab coalition says.