Pakistan Seals Major LPG Deal with Iran
Pakistan and Iran have signed a deal under which the former will import 75,000 tons of liquefied petroleum gas within a year, months after a similar agreement was inked with Continue Reading
Saxo Bank: Upside For Crude Diminishes As Traders Shift Focus
The dollar’s gyrations remain a key source of inspiration for traders with the fundamental focus continuing to switch between falling U.S. and rising OPEC production, according to Saxo Bank’s Ole Continue Reading
Libya’s Eastern Government Moves to Block Oil Exports
The authorities that control the eastern half of Libya moved Tuesday to block oil exports from areas under their control, escalating a fight over petroleum revenue that threatens a fragile Continue Reading
DNO gets boost from Kurdish oil exports
Norwegian energy company DNO says its optimistic about its future following a steady string of payments for oil exported from the Kurdish north of Iraq. Photo courtesy of DNO International Continue Reading
OMV signs agreement with Iranian counterpart
Austrian energy company OMV said Wednesday it made the first steps toward resuming operations in Iran after signing an agreement with a national oil entity. OMV signed a memorandum of Continue Reading
Iran Opens Ratings Talks With Moody’s, Fitch Ahead of Debt Sales
Iran is in talks with Moody’s Investors Service and Fitch Ratings about restarting sovereign credit ratings for the oil-rich state, Economic Affairs and Finance Minister Ali Tayyeb Nia said. The Continue Reading
Nigeria: Country’s Oil Exports Drop, 20 Cargoes Remain Unsold
Indications have emerged that Nigeria will export about 52 cargoes of crude oil in June, representing a drop from 55 cargoes slated for May in the futures market. The preliminary Continue Reading
Venezuela 2016 Oil Production Expected to Fall Further
Venezuela’s oil output in the first quarter of the year has fallen more than investors had expected, with a production level expected to remain at a lower level for the Continue Reading
Oil Price Drop Vanquishes Cutting-Edge Projects
The Prelude, a floating LNG tanker, is one of the first to test a new… The world’s largest energy companies are sidelining big ideas that they touted just a couple Continue Reading
Deepwater Projects Delayed as Low Oil Prices Linger
Deepwater exploration and production (E&P) activity continues to suffer as operators defer deepwater investment to lower cost, more flexible options such as onshore shale. Struggling to maintain cash flow and Continue Reading