The National Iranian Oil Company (NIOC) signed on Monday a memorandum of understanding with a consortium that includes Japan’s engineering group Toyo to revamp the facilities and upgrade gas production Continue Reading
Saudi Arabia’s Energy Ministry has invited bids for a 400-MW wind power plant to be built in northwestern Saudi Arabia. According to the press release, the Dumat Al Jandal wind Continue Reading
Three recently discovered major gas fields are expected to raise Egypt’s natural gas output by 50 percent in 2018 and 100 percent in 2020, the petroleum ministry said. “The fields Continue Reading
Energized by a massive vote against President Nicolas Maduro in an unofficial plebiscite, Venezuela’s opposition mulled on Monday how to escalate protests and block a new congress it fears may Continue Reading
Mexico will announce later this week the bid terms and blocks up for grabs in its next deepwater oil tender, which may include the first areas from the Cordilleras Mexicanas Continue Reading
Venezuelan President Nicolás Maduro came under growing pressure Monday as the opposition announced plans for a parallel government and U.S. President Donald Trump warned of sanctions if his government moves Continue Reading
World leaders including Donald Trump urged Venezuela’s embattled president Nicolás Maduro to heed the call of his people on Monday and scrap plans for a “constituent assembly” that could dissolve Continue Reading
While governments around the world are starting to mandate electricity over oil for powering motor vehicles, what are the chances of oil supply being severely impacted in the next quarter Continue Reading
Low gasoline prices for American consumers are here to stay for the rest of the summer, according to the U.S. Energy Information Administration (EIA). The agency says regular gasoline will Continue Reading
Share Favorable price differentials are leading to growing US crude exports from the Gulf Coast, which in turn is helping to fuel an infrastructure buildout that will encourage even more Continue Reading
