Why Oil Companies Should Stop Looking For Oil
Oil companies are getting hammered by investors for being oil companies. The price of a barrel of crude is down 60 percent in the last two years. The New York Continue Reading
Iran says oil exports near pre-sanctions level
Iranian oil exports may have reached a level on par with the average volume from before nuclear-related sanctions were enacted, a minister said Thursday. Iran opened a domestic oil and Continue Reading
Libya oil output could fall if Hariga port dispute continues
Libya may be forced to cut oil production within days if a stand-off between eastern and western factions that has prevented loadings at the Marsa al-Hariga port continues, an official Continue Reading
Libyan Oil Revival Less Likely as East-West Standoff Escalates
The odds of a Libyan oil revival are diminishing amid intensifying conflict between factions that is crippling production and exports. After failing to sell a cargo independently of Libya’s National Continue Reading
BP to Open Iran Office in Summer, Iranian Oil Firm Says
British oil giant BP will open an office in Iran this summer, according to Rokneddin Javadi, chairman of the National Iranian Oil Company. Quoted on the state-owned oil news service Continue Reading
50,000 Laid Off In Saudi Arabia As Oil Crisis Bites Deeper
Saudi construction giant Binladin group has laid off tens of thousands of workers, leading to rare protests, as workers torch seven buses demanding compensation as low oil prices begin to Continue Reading
Nigeria: Fuel Queues Ease in Abuja, Environs
Normalcy has returned to most filling stations in Abuja as the long fuel queues that characterized them in the past months have eased. But the scarcity of petrol is still Continue Reading
Nigeria: Militants Blow Up Chevron Oil Facility, Vow More Attacks
Militants in the Niger Delta yesterday blew up the Chevron Valve Platform located on the high sea near Escravos in Warri, Delta State in a renewed attack on oil installations Continue Reading
Ghana: Ten Fields to Deliver First Oil in July
Tullow Oil says its TEN field project is now over 90 percent complete and that, its first oil remains on target for July and August this year. FPSO Professor John Continue Reading
Militants attack Chevron platform in Niger Delta: navy spokesman
Militants attacked a Chevron ( CVX.N ) platform in Nigeria’s oil-rich Niger Delta region late on Wednesday, a navy spokesman said on Thursday, amid growing fears of a revived militant Continue Reading