Libya’s NOC locked in new battle over oil sector powers
Libya’s National Oil Corp, or NOC, has become embroiled in a new political battle as it seeks to defend its role as both policy setter and regulator in the oil Continue Reading
Saudi Arabia Will Not Break The OPEC Deal
The OPEC deal is turning out to be a failure, but has it led the Saudi’s to abandon the deal? Have they cheated on their numbers? These were the questions Continue Reading
Saudi Aramco to Price Islamic Bond in $10 Billion Debt Push
Saudi Arabian Oil Co. set final pricing for its debut Islamic bond as the company presses ahead with plans to raise $10 billion in debt, according to a person with Continue Reading
Libya’s Oil Output Drops After Biggest Field Closes
Libya’s biggest oil field was said to stop producing, leading to a 20 percent decline in crude output from the country with Africa’s largest reserves. The OPEC nation’s output dropped Continue Reading
Saudi Aramco’s Valuation Could Top $1 Trillion After Tax Cut
Saudi Aramco could have a market value of more than $1 trillion in an initial public offering after the government slashed the oil producer’s tax burden to attract investors, analysts Continue Reading
Russian oil company reached Iraqi production milestone
Russian oil company Gazprom Neft said it passed a milestone with operations in Iraq by passing the 5 million barrel mark for cumulative production in 2017. The company said it Continue Reading
Libya’s oil output down 252,000 bpd due to armed protests
A general view of the El Sharara oilfield, Libya December 3, 2014. Oil production from the western Libyan fields of Sharara and Wafa has been blocked by armed protesters, reducing Continue Reading
War-Ravaged South Sudan Draws $500 Million Oranto Oil Bet
Nigeria’s Oranto Petroleum International Ltd. plans to bet half a billion dollars that Africa’s newest nation can end a three-year civil war and create the conditions to revive its oil Continue Reading
At critical Kurdistan field, reserves fall again
One of Kurdistan’s iconic oil sector partners, Genel Energy, has once again steeply reduced its estimate of the amount of producible oil at its flagship field.The precipitous decline of the Continue Reading
Here’s how much it costs both Saudi Arabia and the US to produce oil
When crude oil prices crashed into the $20 range early last year, it had most oil-producing nations quaking in their boots. That’s because few countries can make much — if Continue Reading