Is OPEC A U.S. National Security Threat?
Pentagon National Securtiy Republican Kevin Cramer from North Dakota is cosponsoring a bipartisan bill that will set up a commission to probe whether OPEC has used unfair means to bolster Continue Reading
Saudi Arabia’s New Oil Plan Shows It’s Just Not That Into OPEC
Saudi Arabia, one of the founders of OPEC, is sounding the group’s death knell. The world’s biggest crude exporter has already undermined OPEC’s traditional role of managing supply, instead choosing Continue Reading
Iraq says total oil output 4.7 million bpd; exports at record
Iraq’s total oil output has reached 4.7 million barrels per day (bpd) and exports are running at a record 3.9 million bpd, the state-run Iraqi Media Network reported, citing an Continue Reading
Iran and India sign port deal, other economic agreements
India said Monday it will invest up to $500 million in a deal to develop a strategic port in Iran and both countries planned a number of projects they say Continue Reading
Win secured for Israeli gas
Partners aiming to exploit the rich natural gas reserves offshore Israel said they would take the steps needed for rapid development after a government nod. The Israeli Cabinet during the Continue Reading
Saudis Move Away from Crude with $1.4B In Deals With GE
GE Saudi Arabia Even as the International Monetary Fund (IMF) lent its backing to Saudi Arabia’s economic reform to diversify away from crude oil this week, General Electric (GE) accounted Continue Reading
Feature: Iran eyes major gas export boost, but doubts mount
Finally freed from international sanctions against its energy sector, Iran is working quickly to raise it natural gas production and export capacity — and its medium-term targets are truly ambitious. Continue Reading
PDVSA Offers Debt Exchange to Service Providers
Venezuela’s cash-strapped state oil company is offering service providers a debt exchange, proposing to swap $2.5 billion worth of debt for dollar bonds, according to two contractors who were offered Continue Reading
Eni facilities attacked again in Nigeria
Italian energy company Eni confirmed Monday that some of its infrastructure in Nigeria was once again the target of a militant attack. A spokesperson for the company confirmed through email Continue Reading
Eni’s Nigeria Pipeline Attacked For The Fourteenth Time This Year
An Italian Eni pipeline has been attacked again, for the fourteenth time this year, putting 4,200 barrels of oil per day of Eni production offline amid a resurgence in militancy. Continue Reading