Total snaps up Marathon’s assets in Libya
French energy company Total said Friday it spent $450 million to take on Marathon’s holdings in Libya after the latter company announced its divestment. The French company said it moved Continue Reading
Saudi Arabian Oilfields “Greenest” In The World
Nature magazine’s new study says Saudi Arabian oilfields are amongst the lowest carbon emitters on the planet, according to the Houston Chronicle . Venezuelan fields took the opposite aplomb, with Continue Reading
Northern Iraq reeling as IS regroups for insurgency
The government cannot control large swaths of territory, as Islamic State insurgents solidify footholds and launch attacks targeting security forces and energy infrastructure. Iraqi forces drive past an oil production Continue Reading
Trial of Shell, Eni over Nigeria to switch to new Milan court: sources
A logo of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. REUTERS/Murad Sezer Earlier this week, the Milan tribunal informed lawyers that Continue Reading
One Of The World’s Largest Crude Storage Facilities Has Been Emptied
Saldanha Bay in South Africa is home to one of the world’s largest crude storage facilities, with a current capacity of 45 million barrels (although more is coming online later Continue Reading
Nigeria Is OPEC’s Only Member To Import Gasoline
Nigeria’s inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline, according to the managing director of the Nigerian National Continue Reading
Nigeria: Pipeline Explosion Creates Panic in Lagos
Residents of Peace Estate in Baruwa area of Ipaja, were thrown into panic yesterday, following the explosion of a Nigerian National Petroleum Corporation, NNPC’s pipeline, which resulted in fire. But Continue Reading
Venezuela Pushes Back Presidential Vote to Late May
Venezuela’s election agency said Thursday that a presidential vote planned for April 22 will be pushed back until late May after the government reached a deal with some opposition candidates. Continue Reading
Mexico To Offer First-Ever Shale Blocks In September Auction
Mexico will auction development rights to shale blocks in September, marking the first time the country has offered private oil companies the chance to develop the resource, which has been Continue Reading
Sanctions still under consideration for Venezuela, U.S. says
All options are on the table, including sanctions, when considering tools to coerce Venezuela into following constitutional lines, the U.S. government said. Venezuela is a member of the Organization of Continue Reading