Saudi king sacks military chiefs
King Salman (C) acceded to the throne in 2015 Saudi Arabia has sacked its top military commanders, including the chief of staff, in a series of late-night royal decrees. Saudi Continue Reading
New U.S. Sanctions Target Libyan Smugglers
A new round of U.S. sanctions targets Libyan smugglers to block the unauthorized exploitation of natural resources in the North African country, according to a new report by Reuters . Continue Reading
New funding surfaces for offshore Gambia
Up to $45 million in costs to drill a well off the Gambian coast is covered through a deal with Malaysian oil company PETRONAS, Australia’s FAR Ltd. said. PETRONAS, an Continue Reading
Venezuelan Oil Production Could Further Collapse On New U.S. Sanctions
If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil production in Continue Reading
Japan’s INPEX inks agreement for Emirati oil
For the next 40 years, Japanese energy company INPEX said it would play a role in the development of oil reserves off the coast of the United Arab Emirates. INPEX said Continue Reading
Australia To Get New LNG Import Terminal
Fortescue Metal’s chairman Andrew Forrest and two Japanese utilities plan to build an LNG import terminal in New South Wales by 2020 to help alleviate an energy crunch in Australia’s Continue Reading
U.S. energy drilling boom could mean $6 billion in federal well…
Cleaning up the tens of thousands oil and gas wells on U.S. federal land after they stop producing could cost over $6 billion, and taxpayers may need to pitch in, Continue Reading
Left to Louisiana’s Tides, a Village Fights for Time
Marshes near Jean Lafitte. Rising sea levels and land loss are driving back Louisiana’s coastline, and a fourth of the state’s wetlands are already gone. The West Closure Complex is Continue Reading
Oil Majors: New Tech Will Save The Industry
Oil and gas is not a sunset industry, and low oil prices are not such bad news at all, BP’s chief of upstream operations, Bernard Looney, said recently. Although Looney Continue Reading
U.S. Biofuels Policy Overhaul Faces Major Challenges
U.S. President Donald Trump has called a meeting to discuss possible amendments to the Renewable Fuel Standard (RFS) as the powerful oil and corn lobbies continue to clash over biofuels Continue Reading