Sonangol considering return to Iraq
Three years after security problems forced them out, Iraq is courting the Angolan state firm back to the Qayarah and Najmah fields. Iraqi Oil Minister Jabbar al-Luiebi (right) meets in Continue Reading
Nigeria Reclaims Africa’s Top Oil Producer Spot
Nigeria may have reclaimed its position as Africa’s top oil producer which it lost to fellow African oil producer, Angola earlier in March 2016. According to the December 2016 Monthly Continue Reading
Nigeria: Fuel Scarcity Looms As Nation’s Marketers Fail to Repay Loans
The inability of petroleum marketers to pay or service banks loans in the last two years is threatening further importation and could worsen the financial position of banks. The marketers Continue Reading
Argentina strikes $15bn a year shale investment deal
President Mauricio Macri is pushing to revamp flagging production at Argentina’s massive shale reserves, with companies agreeing on Tuesday to invest as much as $15bn a year in exchange for Continue Reading
Argentina clinches deal to attract investment in Vaca Muerta shale
Argentina has clinched a deal with labor unions and energy companies aimed at luring investors to the Vaca Muerta formation in Patagonia, one of the largest shale reserves in the Continue Reading
India’s Auto Sales Trigger Oil Demand Rising 11% to Record
No compatible source was found for this media. India’s oil consumption surged 11 percent to the most on record last year as rising income levels spur greater use of cars, Continue Reading
As OPEC cuts, traders send European oil volumes to Asia
European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left Continue Reading
India’s gasoline thirst shows no sign of being slaked: Kemp
India’s gasoline consumption continues to grow rapidly as an increasing number of individuals purchase their first motorized vehicle, helping drive the fastest growth in fuel demand in the world. India’s Continue Reading
China Launches A $361 Billion Secret Takeover… In Renewable Energy
A lot of press in recent weeks about solar power finally getting price-competitive with fossil fuels. Due to rapidly falling production costs for solar cells. That’s largely due to cheap Continue Reading
Saudis Curb Oil to China, Southern Asia as Others Spared
Saudi Arabia was said to cut February crude sales to China and southern Asian nations while largely sparing countries including Japan and South Korea, as it curbs supply as part Continue Reading