Iran vs Russia: The Next Natural Gas War
Not everybody attending the Iranian natural gas summit last week in Frankfurt was there for the same reason. While most were gauging the prospects for an opening of major natural Continue Reading
Iraq, Angola Signal Willingness to Extend OPEC Oil Output Cuts
Two OPEC members signaled a willingness to extend the group’s production curbs into the second half of the year as the global rally in prices shows signs of stalling. “We Continue Reading
Libya Oil Output Falls as Fresh Clashes Force Ports to Shut
Libya’s crude output dropped after clashes forced two of the country’s biggest oil ports to shut down, threatening the OPEC member’s efforts to revive the production of its most important Continue Reading
Libya militias who seized oil terminals aim to take Benghazi
Libyan militias that occupied two key oil terminals last week said Monday they intend to take the eastern city of Benghazi and unseat Field Marshal Khalifa Hifter, who controls the Continue Reading
Fund Managers Value Aramco Below $1.5 Trillion
International fund managers and institutional investors largely expect Saudi Aramco to be valued at up to USD$1.5 trillion in the IPO expected next year, according to a survey by investment Continue Reading
Nigeria: Senate Investigates Widespread Fraud in Oil & Gas Industry
The Joint Senate Committee on Petroleum (Downstream, Upstream) and Gas at the weekend said it had uncovered a large-scale fraud of about N10 trillion allegedly perpetrated by officials of the Continue Reading
Saudi Aramco to Pay Shell $2.2 Billion in Refinery Breakup
Saudi Arabian Oil Co. will pay Royal Dutch Shell Plc $2.2 billion including debt to finalize the breakup of a 19-year refining partnership known as Motiva Enterprises LLC. Saudi Aramco’s Continue Reading
Fighting for Libya’s Oil Raises Questions Over Eastern Strongman
Libya’s slow-burn conflict swept into two of its most important oil facilities late last week, shutting ports and triggering a drop in crude output in the OPEC nation. The attacks Continue Reading
PUK faction seizes more Kirkuk energy infrastructure
“Black Force” special police took over the North Gas Company headquarters Sunday, and continue to occupy the IT-1 station, as tensions over Kirkuk energy resources escalate. Aso Almany, the leader Continue Reading
Ghana Mulls Doubling Capacity of Planned Second Oil Refinery
The operator of Ghana’s sole oil refinery said the planned capacity of a proposed second plant could be doubled as the West African nation targets exports to neighboring countries. Tema Continue Reading