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Month: January 2018

Category:
  • p-

Resurgent Norway awards record number of licenses in latest mature round

Norway has awarded a record number of licenses in its latest mature license round, the Norwegian energy ministry said Tuesday, further evidence of improving confidence in the Norwegian offshore sector Continue Reading

Posted On : 17 Jan 2018 Published By : Tom Whipple
Category:
  • Prices

Is An Oil Price Spike Inevitable?

The oil glut is over, at least when it comes to U.S. commercial inventories: over the past two months they have been within the average range for the season, thanks Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • Prices

Brent oil falls by $1 but demand underpins near $70/barrel

Brent crude oil shed some of its recent gains by falling just over $1 a barrel on Tuesday but healthy demand underpinned prices near $70, a level not seen since Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • Prices

Oil Trades Near Three-Year High as Iraq Joins Call to Keep Cuts

OPEC-led production cuts contribute to market stability: Iraq U.S. drillers boost rig count by most in more than six months Oil traded near the highest close in more than three Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • Oil Supply

Two Changing Trends In Oil Shipping

Taking a look at our proprietary ClipperData in recent days, there has been two trends that have jumped out: changing oil dynamics in the US, and changing flows in the Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • Solar

Shell ventures back into solar

Royal Dutch Shell agreed on Monday to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • Iran
  • Russia
  • USA

Russia will not support U.S. bid to change Iran nuclear deal: Lavrov

Russian Foreign Minister Sergei Lavrov said on Monday Moscow will not support attempts by Washington to modify the Iran nuclear deal. Lavrov spoke days after U.S. President Donald Trump said Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • International Oil Companies
  • Middle East

Shell Bids a Long Goodbye to Middle Eastern Oil

Royal Dutch Shell RDS.B 1.35% PLC is giving up on its last oil fields in Iraq, leaving the world’s second-biggest oil company with a dwindling footprint in the Middle East—a Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • Morocco

Morocco Prepares $4.6B Gas Project Tender

Morocco is preparing to launch a tender for a natural gas project worth US$4.6 billion, the country’s Energy Minister Aziz Rabbah said in a Bloomberg interview. The gas will be Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudis To Award Nuclear Power Contracts In December

Saudi Arabia expects to award the contracts for the construction of its first nuclear reactors in December this year, and will be picking bidders from the pool of U.S., China, Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple

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