Diversify Or Die? Big Oil’s Dwindling Options For Survival
China Oil French Total has emerged as perhaps the smartest member of the Big Oil club, wasting no time waiting for oil prices to return to early 2014 levels, instead, Continue Reading
OPEC points to 2017 oil surplus as Saudi output hits record
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, May 30, 2016. Top oil exporter Saudi Arabia boosted its oil Continue Reading
Oman says to change Iran gas pipeline route to avoid UAE
Oman’s Oil Minister Mohammad bin Hamad bin Saif al-Rumhi attends during the opening session of the first Gas Exporting Countries Forum (GECF) summit in Doha November 15, 2011. Oman and Continue Reading
With gas policy set, Israel opens waters for new exploration
Israel is preparing to tender 24 offshore exploration blocks as it looks to bolster its oil and gas industry after a four-year lull sparked by regulatory uncertainty and stock-price volatility. Continue Reading
Iran Expects $25 Billion Oil Contracts Signed Within Two Years
Tender offers likely to take place over 6 months to a year 34 foreign companies identified by NIOC as suitable investors Iran expects foreign oil companies to sign deals valued Continue Reading
Libyan Forces Take Over Islamic State Headquarters in Sirte
U.S.-backed Libyan forces said on Wednesday they have taken over Islamic State group’s headquarters in Sirte, the militants’ final bastion in Libya, breaking a stalemate with the help of U.S. Continue Reading
Militants Blow Up Oil Well in Iraq’s Northern Kirkuk Province
Oil well on fire A group of gunmen blew up a bomb at the Bai Hassan oil field in Iraq’s northern province of Kirkuk on Wednesday, China’s news agency Xinhua Continue Reading
Exclusive: Iraq, oil companies agree to restart investment, boost output
The company logo of Lukoil is seen in West Qurna oilfield in Iraq’s southern province of Basra, March 29, 2014. Iraq has reached agreement with BP, Shell and Lukoil to Continue Reading
Iraqis Boil as Power-Grid Failings Exacerbate Heat Wave
Thanks to the worst recorded heat wave in Iraq’s history, now in its fourth week, Abu Mahdi may be this city’s happiest man. From a hole-in-the-wall shop on Baghdad’s east Continue Reading
Shell Calls Force Majeure on Nigeria Gas Supply After Leak
Pipeline supplies bulk of Shell’s gas to Bonny Island LNG Outage comes as rebels have attacked Nigeria’s oil facilities Royal Dutch Shell Plc said its local unit has declared force Continue Reading