Saudi Arabia is set to raise $11 billion with a triple-tranche dollar bond, while Qatar is meeting global investors ahead of its first appearance in the debt markets since the Continue Reading
The chief executive of Total SA on Tuesday confirmed the French oil major intends to enlarge its refinery joint venture with state oil giant Saudi Aramco. “We are planning to Continue Reading
The state-owned oil company in Abu Dhabi said it opened its first bidding round to gain access to billions of barrels of oil and trillions of cubic feet in gas. Continue Reading
Since the ousting and subsequent killing of Muammar Gaddafi in 2011, Libya’s oil production has remained below capacity. With the lingering effects of civil war, the country which is a Continue Reading
Saudi Arabia is likely targeting oil prices at $80 a barrel to boost the valuation of its oil giant Aramco ahead of its much-hyped IPO and to help finance increasingly Continue Reading
Exxon Mobil Corp. XOM 2.94% is in talks with Qatar over a partnership that could see the Middle Eastern nation owning U.S. gas, people familiar with the matter said. The Continue Reading
Oil slicks in the Basra Gulf reveal that Iraq’s export ambitions may be putting too much pressure on outdated pipelines. Iraqi Deputy Oil Minister Karim Hattab inspects the Khor al-Amaya Continue Reading
Despite the fact that Nigeria as a whole managed to increase and stabilize its crude oil production last year, crude oil theft on Shell’s pipeline network resulted in a 50-percent Continue Reading
No fewer than 45 vessels are expected to berth at Lagos ports in two weeks, with 15 of such vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol.Vessels Continue Reading
Mexican national oil company Pemex is currently processing about 9 percent more crude oil at its domestic refineries than it did in 2017, Chief Executive Officer Carlos Trevino said on Continue Reading
Venezuela’s cash-strapped government stopped paying its foreign debt months ago. But a unit of Goldman Sachs GS 1.71% Group Inc. recently received payments of tens of millions of dollars for Continue Reading
Venezuela’s National Constituent Assembly has finally given the go-ahead to the country’s oil-backed cryptocurrency, El Petro, after the parliament declared it unconstitutional. According to a statement by Vice President Tareck Continue Reading
In the hinterlands of eastern Uttar Pradesh and Bihar in the Indian heartland, there are few reasons for optimism. Trains wind their way across the plains at speeds barely improved Continue Reading
Trade tensions between the United States and China are likely to have an adverse impact on global growth even if the threatened tariffs are never imposed. The conflict between the Continue Reading
The American Petroleum Institute (API) reported a surprise build of 1.758 million barrels of United States crude oil inventories for the week ending April 6, after analysts had anticipated a Continue Reading
Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer’s Continue Reading
A rift between two Canadian provinces is threatening to derail a pipeline expansion that would nearly triple the amount of crude flowing from this town in northeastern Alberta, most of Continue Reading
Forecast Highlights Global Liquid Fuels For the 2018 April–September summer driving season, EIA forecasts U.S. regular gasoline retail prices to average $2.74/gallon (gal), up from an average of $2.41/gal last Continue Reading
The volume of oil sitting in 300 steel tanks in a nine-square-mile radius in Cushing, Oklahoma has long been a key barometer for the health of U.S. crude supply and Continue Reading
French oil major Total said it had bought several assets in the Gulf of Mexico for around $300 million, as part of the Cobalt International Energy company’s bankruptcy auction sale. Continue Reading
The two U.S. oil supermajors—ExxonMobil and Chevron—have gone through a rough patch over the past three years with the oil price crash that battered company earnings and energy stocks and Continue Reading
BP Wind Energy, through its wholly-owned subsidiary Rolling Thunder I Power Partners LLC, has signed a purchase agreement to install a high-storage battery at its Titan 1 Wind Farm in Continue Reading
Plans for offshore wind farms and new power cables are expected to help facilitate Dutch government plans to close coal plants and end gas production at the Groningen field by Continue Reading
Oil markets rose by more than 1 percent on Tuesday, extending strong gains from the previous session, on hopes a trade dispute between the United States and China may be Continue Reading
Oil prices climbed in early Tuesday trading, fuelled by President Trump’s remarks on Monday about the possibility of a US attack on Syria. At pixel time, Brent crude was up Continue Reading
The industry will see a return to bigger project sanctions, Angus Rodger, Wood Mackenzie’s research director for Asia Pacific upstream oil and gas, has confirmed. The industry will see a Continue Reading
Much of the modern world’s agricultural productivity, industrial activity, and high degree of urbanization is dependent upon the pumping and exploitation of limited freshwater resources. In some regions the water Continue Reading
Saudi Aramco will sign eight deals with French companies worth $10 billion, the chief executive of the state-run oil giant told Saudi-run Al Arabiya TV on Monday during an official Continue Reading
Iraq, one of the leading producers in OPEC, continues to be among those doing the least to support an agreement credited with supporting oil prices, data show. The Organization of Continue Reading
After suffering from plunging global oil prices in 2015 and 2016, Saudi Arabia can take a much-deserved bow over its success, along with other OPEC and non-OPEC producers, in reigning Continue Reading
Saudi Arabia’s stock exchange Tadawul is experiencing an influx of foreign funds and expects even more in the future, confident that this will enable the bourse to accommodate the listing Continue Reading
Saudi Arabia’s meager stock exchange hosts around 191 companies whose value totals roughly $500 billion, or a little more than half the value of Apple Inc. With one more very Continue Reading
Normalizing relations between the Iraqi central government and Iraqi Kurdistan will take a new twist beginning in May when Iraq’s top court starts hearings on the issue with officials from Continue Reading
Iraq’s Federal Supreme Court will finally hear a six-year-old case on the fundamental constitutional conflicts that underpin Baghdad-Erbil oil disputes. Iraq’s highest judicial authority will soon hear a long-delayed case Continue Reading
As the U.S. president mulls the fate of a deal that curbed Iran’s nuclear ambitions, the OPEC member’s president said Monday the program is accelerating. “Our nuclear industry is moving Continue Reading
Venezuela stopped paying bondholders in September, according to central bank data, contradicting statements by President Nicolás Maduro that the county would continue to hhonorits debts while negotiating a resettlement with Continue Reading
The International Monetary Fund (IMF) is calling on the authorities of Guyana to revamp their tax laws for future oil contracts to protect themselves from unbalanced exploitation after massive Exxon Continue Reading
China’s Sinopec, Asia’s largest refiner, plans to cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher-than-expected prices, an official from Continue Reading
The acquisition of drilling rights in thousands of acres in British Columbia by one of the world’s biggest companies is a testament to its potential, Calima Energy said. Conoco Phillips Continue Reading
Kinder Morgan said it would halt nearly all work on a pipeline project that is crucial to the entire Canadian oil sands industry, representing a huge blow to Alberta’s efforts Continue Reading
Saudi companies are prepared to invest billions in petrochemicals production in Texas, taking advantage of the abundance of cheap natural gas in the Permian and elsewhere in the shale patch, Continue Reading
Oklahoma regulators forced an oil and gas producer to reduce operations on a well used for disposing of saltwater following a large earthquake over the weekend that set off a Continue Reading
Battery electric vehicles (BEVs) can be economically attractive as commuter cars in city traffic. Attractiveness fades for longer-distance traveling due to larger battery packs, a smaller efficiency advantage, and more Continue Reading
The Canadian government on Monday said it was considering all its options on the Trans Mountain pipeline expansion, including a possible investment of public funds to ensure construction goes ahead Continue Reading
U.S. natural gas prices could rise in 2018 after utilities pulled the second biggest amount of gas from storage on record over the winter, even though the season was slightly Continue Reading
The price differential between the two most important crude oil benchmarks is widening again, a reflection of a divergence in the supply fundamentals between the U.S. and the rest of Continue Reading
An escalation in U.S. sanctions against Moscow risks derailing a fragile recovery in Russia’s economy, which had just begun to take hold after the Kremlin’s last confrontation with the West Continue Reading
Russia is considering replacing the U.S. dollar in crude oil payments on deals with Turkey and Iran, Energy Minister Alexander Novak said as quoted by RT. According to Novak, “There Continue Reading
The UK government could be on its way on agreeing a massive support package—dubbed a sector deal—with the North Sea oil and gas industry, the Scottish Secretary of State David Continue Reading
Investors of the world’s biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia. Schlumberger Ltd., the biggest of the hired guns who Continue Reading
