Oman Supports Organized Oil Production Cuts Beyond March 2018
Oman would support OPEC output cuts past March 2018 to support oil prices, according a new report from The Times of Oman . There was no mention of deeper cuts. Continue Reading
Aramco CEO sees oil supply shortage as investments and discoveries drop
The world might be heading for an oil supply shortage following a steep drop in investments and a lack of fresh conventional discoveries, Saudi Aramco’s chief executive said on Monday. Continue Reading
World’s Third Largest Oil Importer Secures Deal With U.S.
Indian Oil Corp. will take delivery of more than a million barrels of U.S. heavy crude in October—the first U.S. crude oil purchase by an Indian energy company, IOC’s finance Continue Reading
Turkey warns Greek Cypriots, oil companies against offshore energy grab
Turkish President Tayyip Erdogan makes a speech at the 22nd World Petroleum Congress in Istanbul, Turkey, July 10, 2017. REUTERS/Murad Sezer Turkey warned Greek Cypriots on Friday not to make Continue Reading
Saudi Aramco gets approval to set up companies for energy industrial city
Saudi Aramco received the approval of the Saudi government to set up two new companies that will develop and operate a new Energy Industrial City in Saudi Arabia, as the Continue Reading
Algeria seen as African leader for renewable energy
General Electric highlights Algeria’s renewable energy potential during low-carbon conference for African economies. File photo by Stephen Shaver/UPI July 10 (UPI) — Algeria is ahead of the curve when it Continue Reading
Norway’s DNO financed for drilling in Kurdish region of Iraq
Norwegian energy company DNO said there’s been a steady string of financial support for its operations in the Kurdish north of Iraq. Photo courtesy of DNO July 10 (UPI) — Continue Reading
How To Successfully Privatize A National Oil Company
Budgetary pressure, falling revenues, cost-cutting measures and general ambiguity – just a few of the characteristic traits that have marked the latest oil price recession period. State-owned companies, commonly executing Continue Reading
Qatar Says It Has $340 Billion To Withstand Boycott By Arab Nations
Qatar’s central bank says it has $340 billion in reserves that could help the country to withstand any effects from the boycott imposed by its Arab neighbors and other countries. Continue Reading
Iran expects steep increase in gas output, exports
FILE PHOTO – A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. Continue Reading