Forget Oil Price Forecasts, It’s Just Another Cycle
Profit season in the oil industry is in full swing, and the mood is upbeat: strict financial discipline is paying off, cash flows are improving (or emerging after a long Continue Reading
Marine fuel sulfur cap to raise costs; ban non-compliant ships: Maersk
The upcoming implementation of restrictions on sulfur emissions in marine fuels can potentially jack up the annual fuel costs for the shipping industry by a whopping $50-$60 billion, including by Continue Reading
The human cost of fossil fuels
While the climate policy world is littered with numbers, three of them have dominated recent discourse: 2, 1000, and 66. At the 2015 U.N. climate summit in Paris , world Continue Reading
Oil investment may prove a tricky target for OPEC
It’s “mission accomplished” for OPEC in its battle against bulging global inventories of oil, thanks to the production cuts it has had in place for nearly 18 months. The Organization Continue Reading
No oil majors win contracts in Iraq oil licensing round
Iraq failed to attract investment from the top global energy companies in its oil and gas exploration/development contract auction on Thursday, with no major firms winning any bids and only Continue Reading
Libya’s NOC talks to BP and Eni about resuming exploration
Libya’s National Oil Corporation (NOC) has held discussions with majors BP and Eni about resuming exploration activity in the North African country, it said on Thursday. BP signed a major Continue Reading
Total CEO says Libya raised no objections over Waha deal
Libyan authorities were informed before French energy major Total closed a $450 million deal with Marathon Oil to take over the U.S. firm’s 16 percent share in the Waha concession, Continue Reading
Egypt Could Become Europe’s Next Big Energy Hub
Egypt’s oil and gas future has been looking bleak for years, as the impact of the Arab Spring, the emergence of a Muslim Brotherhood government and a military coup by Continue Reading
Big Oil Snubs Iraq’s Exploration Auction
No international oil major won any exploration and development contracts in Iraq’s Thursday auction of 11 oil and gas blocks, as the bidding attracted just one—unsuccessful—bid by a major company, Continue Reading
Venezuela hails $2 billion award as ‘tough lesson’ for Conoco
Venezuela said on Thursday a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a “tough lesson” for the U.S. oil multinational given it was less than 10 percent Continue Reading