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Month: September 2017

Category:
  • Iran

Iran cracks down on Revolutionary Guards business network

Iran’s Revolutionary Guards Corps is being forced to shrink its sprawling business empire and some of its senior members have been arrested as part of President Hassan Rouhani’s attempts to Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia Detains Critics as New Crown Prince Consolidates Power

Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, last year. Some Saudis see some see him as a power-hungry upstart who is overturning decades of tradition. BEIRUT, Lebanon — Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • Saudi Arabia
  • Yemen

Houthis Threaten Saudi Oil Tankers

Houthi leader Abdel-Malek al-Houthi said his rebel alliance would begin attacking Saudi oil tankers should the Kingdom begin an offensive against the key Yemeni port of Hodeidah, according to a Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • Iraq

Shell accelerates Iraq drawdown with Majnoon exit

Negotiations begin over handing back the Majnoon operatorship, months after stake in West Qurna 1 was put up for sale, highlighting one major oil company’s resistance to Iraq’s tough terms. Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • Saudi Arabia

Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

« German government awards €4.1M to Fastned to build 25 fast charging stations | Main | Mobileye and Munich Re partnering to reduce commercial fleet collisions » A number of Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: Oil Production Dips to 1.3mbd Over Vandalism, Says NNPC

An average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, this brought Nigeria’s production down to as low as 1.3 million barrels per day from Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • Azerbaijan

BP sees strong profits in renewed Azeri oil contract

A deal by BP to extend oil production-sharing in Azerbaijan by 25 years is profitable at current oil prices even after paying a signing bonus and cutting foreign companies’ stake Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • Azerbaijan

Billions more barrels of oil possible from Azerbaijan

A contract for the largest oil complex offshore Azerbaijan could lead to billions of dollars in investments and billions more in oil barrels, analysis finds. British energy company BP led Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela Suspends Trade In U.S. Dollars

Venezuela has told oil traders it will no longer accept or offer U.S. dollars in payment for crude oil and fuels, the Wall Street Journal reports , citing sources familiar Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple
Category:
  • India

India Plans Larger Oil Auctions as Modi Pursues Import Cuts

“We want to create a lot of E&P companies in India,” said the head of the country’s oil regulator. (Bloomberg) — India will offer larger areas with higher oil and Continue Reading

Posted On : 15 Sep 2017 Published By : Tom Whipple

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