Will water ever be worth more than oil?
Cape Town, in South Africa, has been declared a natural disaster. Nature has declared that the world’s supply of water is fixed. As a means of keeping humanity alive, it Continue Reading
Iran’s Oil Boom Hasn’t Showed Up
Iran’s oil-and-gas industry was supposed to take off after the nuclear deal. Instead, one of the world’s largest energy sectors is languishing. International oil companies are staying on the sidelines Continue Reading
Libya could restart 90,000 b/d Elephant field after reaching deal with guards
Having fallen nearly 40% since the end of February, Libyan crude oil output could bounce back to around 1 million b/d with the restart of the 90,000 b/d Elephant oil Continue Reading
Nigeria: Indonesia Wants More of Nigeria’s Crude Oil
The Nigerian National Petroleum Corporation (NNPC) Wednesday said it received a request from Indonesia to supply it more volumes of Nigeria’s crude oil blends to enable it to meet the Continue Reading
Angola Faces Oil Industry Crisis
Angola has been OPEC’s second most compliant member with regard to the 2016 oil production cut deal, but just like the number-one compliant member, Venezuela, this prestige does not come Continue Reading
Is The Argentinian Shale Boom Finally Taking Off?
Argentina’s state oil and gas company YPF expects its oil and gas production from shale deposits to increase 35 percent this year thanks to falling costs at the huge Vaca Continue Reading
Rains, filth and medicine shortages turn Angola into malaria hotbed
Heavy rains, filthy conditions, medicine shortages and endemic corruption have combined to make a lethal malarial cocktail for Angola. Since the start of the year, more than 300,000 cases of Continue Reading
Nigeria’s Dependence On Oil Raises Risk Despite Slow Exit From Recession:– IMF
The International Monetary Fund on Wednesday warned that Nigeria remains vulnerable despite slowly exiting recession since its growth is tied to oil prices and improved revenues are restricted to the Continue Reading
Mexico rushes to add heavy oil auction to 2018 calendar: official
Mexico wants to squeeze in a fifth oil auction this year, racing to put together a new package of shallow water heavy crude blocks for bidders before the current administration Continue Reading
China plans to create energy ministry in government shake-up
China plans to create an energy ministry to oversee the country’s vast oil, natural gas, coal and power sectors, part of a planned government shake-up aimed at making policymaking more Continue Reading