The Oil Ministry plans to develop a new contract model for future projects and has contracted Iraqi-Norwegian consultant Farouk al-Kasim as it explores adjustments to existing TSCs. Lukoil Vice President Continue Reading
Nigeria’s crude oil and condensate production averaged 1.676 million b/d in March, a fall of over 200,000 b/d from the previous month, the country’s petroleum ministry said Tuesday. The ministry Continue Reading
Exxon Mobil Corp., the only big oil company without a major foothold in Brazil, is in talks to gain access to the country’s prized deep-water resources, according to people familiar Continue Reading
Brazil’s state-run oil company Petroleo Brasileiro SA Chief Executive Officer Pedro Parente talks during a news conference in Rio de Janeiro, Brazil, January 11, 2017. REUTERS/Nacho Doce U.S. oil company Continue Reading
Mexico’s oil and gas regulator said last week that the country’s proved hydrocarbon reserves will drop by 10.6 percent in 2017. This forecast, coupled with the lower oil production that Continue Reading
China became the biggest buyer of U.S. crude oil in February, surpassing Canada, at a time when OPEC is cutting back output. China imported 8.08 million barrels of U.S. light Continue Reading
Maintenance at U.S. refineries and a shift to a more expensive summer blend of gasoline is leading to a spike in retail gas prices, motor club AAA reports. AAA reports Continue Reading
Twice as many deepwater projects expected this year as the last two years combined While U.S. shale has been by far the most important topic when discussing U.S. oil and Continue Reading
Momentum is building in the U.S. Senate to rein in a popular government-supported loan program used to finance energy-saving home improvements. Sen. Tom Cotton (R., Ark.) plans to introduce legislation Wednesday that Continue Reading
After six decades of relying on outside sources, the United States is poised to become a consistent net exporter of natural gas . The shale boom and the rush to Continue Reading
