Kurdistan Denies U.S. Oil Export Claims
Iraq’s semi-autonomous region of Kurdistan has been assured by the buyers of its crude oil that the oil was not headed to the U.S., Kurdistan’s Minister of Natural Resources Ashti Continue Reading
Oil Ministry targets Vitol for legal action in KRG oil dispute
Baghdad prepares a legal offensive as the Neverland oil tanker, filled with a controversial cargo of crude from Kurdistan, appears to be changing course toward Canada. The Neverland tanker, seen Continue Reading
Nigeria Only Oil Producing Country Struggling With Importation of Refined Products – Kachikwu
Minister of State for Petroleum Resources, Ibe Kachikwu Wednesday stated that the present oil that has remained the main stay of the nation’s economy may not last beyond 39 years. Continue Reading
Ghana Production To Average 200,000 BPD In 2017
Ghanaian oil production will average 200,000 barrels per day in 2017, despite a two-month shutdown at one of the small African nation’s major production facilities. The Jubilee floating, production, storage, Continue Reading
Nigeria Near 40-Billion-Barrel Oil Reserves Target
The plan by the Nigerian National Petroleum Corporation (NNPC) to grow the nation’s crude oil reserves to 40 billion barrels by the year 2020 received a major boost yesterday with Continue Reading
Largest floating LNG facility sets sail for home field in Australia
A floating production facility that will be used to tap into the natural gas reserves off the coast of Australia has left the shipyard, Shell said Thursday. Shell’s aviation subsidiary Continue Reading
Fukushima nuclear disaster: Tepco executives on trial
Tsunehisa Katsumata (L), Ichiro Takekuro and Sakae Muto all deny the accusations Three former power company executives have gone on trial in Japan on charges linked to the Fukushima disaster. Continue Reading
China Banks On Natural Gas As Oil Production Tanks
Imports and domestic output of natural gas are outpacing government projections in China as the country works toward a goal of making the fuel 10 percent of its energy consumption Continue Reading
Canada oil output threatens to derail Opec plan
As Opec glares at the surge in US shale production that is threatening to derail its attempt to balance the oil market, it may also want to cast an eye Continue Reading
‘You Wouldn’t Do It’: BHP Chair Regrets $20 Billion on Shale
BHP Billiton Ltd. Chairman Jacques Nasser said the timing of its $20 billion spree into U.S. shale in 2011 was a misstep and that if the miner could turn the Continue Reading