BP moving fast on Egyptian gas
British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. BP and its regional partner, the Egyptian Natural Continue Reading
Saudi Crude Exports Fall to 6-Month Low as Refineries Cut Back
Saudi Arabia, the world’s biggest crude exporter, cut shipments in April to the lowest level in six months as overseas refineries bought less due to seasonal maintenance and the kingdom Continue Reading
Iraq southern oil exports average 3.14 million barrels per day so far in June
Oil exports from Iraq’s southern ports are averaging 3.144 million barrels per day (bpd) so far in June, down from May due to maintenance work and weather, a South Oil Continue Reading
Saudi Arabia’s crude oil exports fall in April despite high output
Saudi Arabia’s crude oil exports in April fell despite high production levels, while more crude was used domestically for power generation and to feed rising demand from local refineries. Crude Continue Reading
Naira Plunges After Nigeria Ends Dollar Peg
Nigeria’s currency plummeted more than 40% against the dollar on Monday, the latest sign that low crude-oil prices continue to disrupt the economies of some major oil-producing nations. The steep Continue Reading
Tanzania, Uganda $4 Billion Oil-Pipeline Timetable Slips
The Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won’t start in August as Continue Reading
Nigeria: Shell Pays Nigeria U.S.$43 Billion in Four Years
Shell Companies in Nigeria paid $43 billion into the Federation Account between 2011 and 2015, just as the companies spent a total of $195.5 million on social investments in the Continue Reading
China Diesel Exports Rise to Record; Gasoline Shipments Expand
China’s diesel exports increased to a record in May as easing demand forced refiners to send surplus fuel overseas, while gasoline shipments rose amid swollen stockpiles. The nation’s outbound diesel Continue Reading
China deploys state enterprises to economic stimulus effort
China’s slowing investment, which hit a 16-year low in May, has forced Beijing to press the country’s lumbering state groups into service, demanding that they ramp up spending in an attempt to Continue Reading
Why China’s Energy Deregulation Is More Important Than The Aramco IPO
In recent years, images of China’s rapid industrialization have become all too familiar: from enormous factories, and infrastructure projects, to the ubiquitous smokestacks of the nation’s power plants. While China’s Continue Reading