Shell sets out strategy for dealing with shift from fossil fuels
Royal Dutch Shell said it saw little risk of being left with “stranded assets” as the world begins to shift away from fossil fuels and promised to keep pace with the Continue Reading
Kurdish oil player turns its first profit
Kurdish oil player Gulf Keystone Petroleum said its finally turned a profit. Photo courtesy of Gulf Keystone Petroleum April 11 (UPI) — With a crude oil sales agreement in hand, Continue Reading
Iran Threatens To Restart Nuclear Enrichment Program
Iran is threatening to restart its controversial nuclear enrichment program, as the head of the Islamic Republic’s Atomic Energy Organization (AEOI) revealed on Sunday that they have maintained the ability Continue Reading
Oil Prices Surge After Houthi Missile Attacks On Riyadh, Aramco Facilities
The Royal Saudi Air Defense intercepted at least one ballistic missile over Riyadh on Wednesday. Multiple blasts were heard, and plumes of smoke could be seen from the capital. Yemen’s Continue Reading
Saudis Shoot Down Missiles, Drones as Middle East Tensions Flare
Yemen Houthis say missile to Riyadh targeted defense ministry Rebels have stepped up missile attacks agianst Saudi targets Saudi Arabia said it intercepted ballistic missiles and shot down drones sent Continue Reading
UAE says most countries in oil cut deal like idea of long-term alliance
A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers’ alliance, the energy minister of the Continue Reading
Saudi Arabia’s $80 Oil Target Could Backfire
Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil Continue Reading
Aramco Inks $44 Billion Downstream Deal In India
The refinery portion, to be located on India’s West Coast, will be able to refine 1.2 million barrels per day, and goes a long way towards satisfying both India’s and Continue Reading
Argentina CNG use expected to cut into gasoline, diesel consumption
Compressed natural gas is becoming trendy again in Argentina, as rising gasoline prices make it more economical, a shift that could help underpin the development of the country’s large shale Continue Reading
Rig work considered for Cuban oil prospect
The preliminary steps toward drilling into an oil basin in Cuba are underway in a project that could draw international interest, an Australian company said. Melbana Energy, an Australian exploration, Continue Reading