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Month: March 2016

Category:
  • Iran

Iran Said to Attend Doha Talks Without Joining Oil Freeze

Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze crude oil production, according to a person familiar with the Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • OPEC

OPEC’s Little Helper

Oil ministers from OPEC and non-member countries are looking hard for a recovery in prices, and are hoping their meeting next month will produce an output freeze that can be Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • Iran
  • Saudi Arabia

Saudi FM says Iran must change its ‘behaviour’

Saudi Foreign Minister Adel al-Jubeir said on Sunday that Iran must change its “behaviour” towards his country if it wants normal ties with the oil-rich Sunni kingdom. Jubeir, speaking at Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • Israel

Israel Energy Minister Sees Gas Spat Ending In A Couple of Months

Israel’s energy minister said on Tuesday he believes recent turmoil in the country’s natural gas sector will be resolved within a couple of months, before too much damage is done. Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: Three Dead, Many Injured in Another Pipeline Explosion At Agip’s Oil Field

The National Oil Spill Detection and Response Agency (NOSDRA) has confirmed a pipeline blast at an oil field operated by Nigeria Agip Oil Company (NAOC) in Bayelsa. Three maintenance workers Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • Falklands

Shares Fall in U.K. Oil Explorers After U.N. Commission Ruling on Falklands Waters

British oil companies with interests in the Falkland Islands suffered a blow on Tuesday when a U.N. commission said that the waters around the South Atlantic archipelago belong to Argentina. Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela PDVSA reiterates it is victim of corruption smear campaign

Venezuela’s state-owned oil company PDVSA on Monday said it was the target of a smear campaign after the U.S. Justice Department said three of the firm’s former employees had pleaded Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • Mexico

Mexico Sets Low Local Content Rule For Deep Water Oil Projects

Oil companies operating in Mexico’s deep waters must use national suppliers for 8 percent of the projects by 2025, the government said on Tuesday, a relatively low rate meant to Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • Argentina

Argentina oil production extends decline as rig activity slows

Argentina’s oil production declined 1.6% in January on the year, extending a slide that started in 1998, energy ministry data shows. Crude production dropped to 524,947 b/d in January from Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple
Category:
  • India

India’s Biggest Oil Explorer Doubles Down Against Low Crude

As the biggest oil crash in a generation prompts producers from Royal Dutch Shell Plc to ConocoPhillips to cancel or delay almost $400 billion in projects, India’s state-run explorer is Continue Reading

Posted On : 30 Mar 2016 Published By : Tom Whipple

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