BP sees $6 billion in gas investments in India
British energy company BP said Thursday it signed off on the development of deepwater gas projects in India for a total investment of $6 billion. “These new developments will produce Continue Reading
An Oil Deal Between Saudi and Russia Worked. Now What?
Saudi Arabia and Russia forged a risky oil-market deal about 18 months ago, agreeing to throttle back output in an effort to lift prices. It worked. A glut of stored Continue Reading
Iran’s Moves in Syria Raise Risk of Conflict With Israel
Israel faces a harsh new world as Syria’s civil war winds down: while Iran remains far away, the Iranian threat now is next door. There are several hundred miles and Continue Reading
Should Saudi Arabia Fear Higher Oil Prices?
You have to hand it to Saudi Arabia. After struggling in global oil markets from 2015 to early 2017, the Kingdom can arguably be called “the comeback kid.” However, the Continue Reading
Exxon, Iraq at Odds on Major Oil Contract
An important oil industry contract between Exxon and Iraq could fall through, throwing a wrench in the works of Iraq’s oil industry expansion, Reuters reports , citing sources close to Continue Reading
Saudi oil minister says more work needed to lower inventories
Saudi Arabia’s Energy Minister Khalid al-Falih said on Friday global oil inventories had declined from their peak but had not yet fallen far enough. “Today (inventories) are still about 2.8 Continue Reading
The One Man Who Could Send Oil To $100
The future of North Africa’s leading oil and gas producer Libya is once again under threat. International media reports that Libya’s strongman General Khalifa Haftar, leader of the LNA, the Continue Reading
Disaster Looms Over Libyan Oil
Is General Khalifa Haftar dead or alive? The leader of the Libyan National Army disappeared from the public eye earlier this month, and now rumors surrounding his health are beginning Continue Reading
U.S. says ex-official at PDVSA unit pleads guilty to money laundering
A former official of a subsidiary of Venezuela’s state oil company PDVSA pleaded guilty on Thursday to a U.S. charge of conspiracy to commit money laundering, the U.S. Justice Department Continue Reading
Funding emerges for company with a Cuban energy footprint
Melbana Energy, an Australian company with operations in Cuba and New Zealand, said it secured a $2.5 million loan to help finance its operations. The company said it secured the Continue Reading