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Saipem says Shamoon variant crippled hundreds of computers

Thursday, December 13, 2018, 8:52 AM

A hack on Italian oil services firm Saipem that crippled more than 300 of the company's computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco. Work is under way "in a gradual and controlled manner" to fully restore operations after the attack, it said.
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Iraq seeks exemption from U.S. sanctions on Iran, PM says

Wednesday, December 12, 2018, 9:08 AM

Iraq will send a delegation to US seeking an exemption from sanctions against Iran that would allow it to keep importing Iranian gas, PM Adel Abdul Mahdi said. Washington gave Iraq a 45-day waiver for imports of gas from Iran when it reimposed sanctions on Iran's oil sector on Nov-5. Iraqi officials have said they need around two years to find an alternative source.
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Oil drops as OPEC makes supply cut dependent on Russian support

Friday, December 7, 2018, 9:21 AM

Oil prices fell on Friday, pulled down by OPEC's decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia. International Brent crude oil futures LCOc1 fell below $60 per barrel early in the session, trading at $59.50 per barrel at 0144 GMT, down 56 cents, or 0.9 percent from their last close.

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