TransCanada’s CEO Russ Girling says they are not giving up on the Keystone XL Pipeline project and neither are producers seeking to ship their product through the line. The economic rationale of transporting oil via pipe rather than rail underpins the project and Girling is confident “the oil market transcends politics.” [The Hill] Eike Batista’s… Keep reading →
Brazilian billionaire Eike Batista faces regulatory scrutiny for potential illegal activity at petroleum company OGX. From luncheons with Madonna to reportedly selling his $19 million yacht for scrap, Batista’s highly-publicized fall from grace continues. [New York Times] Chinese national oil champion CNPC just bought into Novatek’s Yamal LNG venture, giving French Total and CNPC 20%… Keep reading →
