OPEC Head Calls for $65 Oil
A minimum price of $65 a barrel for oil is “badly needed at the moment” according to Qatari energy minister Mohammed bin Saleh al-Sada. On Tuesday, the Qatari minister told Continue Reading
India May Lose Prize Iranian Gas Field To Saudi Arabia
India’s state-owned oil and gas giant ONGC risks losing a massive Persian Gulf gas field in a contracting hurdle, as it races against Saudi Arabia to extract gas reserves from Continue Reading
Iraq Reaches 4.5M Bpd Oil Production, As Cracks Start to Show
Iraq Oil Output Iraq is now producing around 4.5 million barrels per day, up from April but below its record of 4.78 million bpd in January this year, while power Continue Reading
Egypt to Increase NatGas Production by 30% by 2019
Natural Gas Exports Riding high on a series of major discoveries and what appears to be renewed investor interest in Egypt’s energy sector, the Oil Ministry is now targeting a Continue Reading
Kazakh Energy Minister Says Chevron-led Consortium to Invest Up To $37 Billion in Oil Field
A Chevron Corp.-led consortium is set to invest up to $37 billion as it increases output at a giant oil field in Kazakhstan, the country’s energy minister Kanat Bozumbayev said Continue Reading
Mozambique’s LNG Dreams Falling Apart
Mozambique is heading towards a major default on outstanding loans related to offshore natural gas infrastructure, symbolizing the deflating hopes for a major source of new natural gas production from Continue Reading
Panama Canal Fever Sweeps Globe Again as New Era in Trade Nears
As U.S. gas exports ramp up, new route will slash time to Asia A century after transforming global markets, the Panama Canal is about to redraw world trade once again. Continue Reading
The agony of Venezuela continues
NUMEROUS GOVERNMENTS, including the Obama administration, last week called for political negotiations in Venezuela to head off an incipient and potentially catastrophic breakdown of political and economic order. Former Spanish Continue Reading
From hinterland to wonderland: China’s ‘teapot’ refinery boomtowns
For Zheng Ruifeng, the 25-year-old son of a wheat farmer from eastern China, acceptance at a technical school specializing in petrochemical engineering was a life-changing event. Zheng, who grew up Continue Reading
Chinese Company Searching for Billion-Dollar Oil Deals in Texas
China’s Yantai Xinchao Industry Co. is pursuing U.S. oil acquisitions worth as much as $1 billion in the Permian Basin, and it won’t be satisfied letting others run the show, Continue Reading