Saudi Arabia Looks To Profit From The U.S. Shale Boom
Saudi Arabia’s Aramco has considered the possibility of shipping U.S. crude via its Motiva unit to Asia, a source in the know has told Bloomberg. The company decided that for Continue Reading
Libya’s El Feel Oilfield Evacuated After Shutdown Threats
Libya’s National Oil Corporation has evacuated its workers from the El Feel, or Elephant, oil field amid threats from the field’s guards who are locked in a pay dispute with Continue Reading
U.S. And China To Face Off Over Aramco IPO
Speculation continued into early 2018 about who — or which organization — would be the ultimate buyer of the five percent stake being offered for sale in Saudi Arabia’s national Continue Reading
Platts Releases Blockchain For Oil Inventory Data In the UAE
S&P Global Platts released a blockchain-based product that “will allow market participants to submit weekly inventory oil storage data” to the United Arab Emirates’ Fujairah Oil Industry Zone (FOIZ) and Continue Reading
January production steady
Iraq’s oil production remained strong in January, averaging about 4.548 million barrels per day (bpd), roughly in line with the trend that rounded out 2017 as a breakout year . Continue Reading
Kashagan output crosses 300,000 b/d, but ‘giant’ increases unlikely: Shell executive
Kazakhstan’s giant Kashagan oil field is achieving new production highs every month and has done better than 300,000 b/d, but development beyond the current phase is likely to be about Continue Reading
Italy’s Eni to divert drillship away from Cyprus due to Turkey standoff
Italy’s Eni is diverting a drillship that had been preparing to explore for gas in Block 3 offshore Cyprus after a standoff with Turkish military vessels in the area, a Continue Reading
Nigeria: Reps Order Stoppage of $1.8 Billion Turn-Around Maintenance of Refineries
The House of Representatives yesterday ordered the Nigeria National Petroleum Corporation ( NNPC) to stay action on the plan to expend $1.8 billion on the turn around maintenance (TAM) of Continue Reading
PDVSA Bans Staff From Following Not-Company-Approved Social Media Users
While workers scramble to leave Venezuela’s state-held oil firm by the thousands, PDVSA has just told its employees that they are banned from following users on social media except for Continue Reading
Venezuela In Freefall – An Interview With Francisco Monaldi
The dramatic fall in Venezuela’s oil production has surprised many analysts and has helped to tighten the oil market more than expected. The country’s economic outlook is grim, and the Continue Reading