‘’Biggest Ever Change’’ In Oil Markets Could Send Prices Higher
Iran and Venezuela have dominated the oil market discourse for a while and will continue to do so in the coming months. Fears of supply shortages amid a tighter market Continue Reading
Oil Giants Target Free Riders
The rules of the game are changing in the oil market. Prices fell to their lowest in three weeks after reports that the agreement to curtail output by 1.8 million Continue Reading
The OPEC Deal Isn’t Dead Yet
Oil prices plunged on Friday after news broke that OPEC and its partners, including Russia, are considering allowing higher levels of oil production, which could mark the beginning of the Continue Reading
The Battle For Energy Dominance In The Mediterranean
The Eastern Mediterranean is easily one of the most important and hotly contested regions in the world due to several key factors: the Suez Canal is vital to international commerce, Continue Reading
Halliburton wins Saudi Aramco unconventional gas stimulation contract
Saudi Aramco has awarded a contract to Halliburton for unconventional gas stimulation services, as Saudi Arabia seeks to further reduce its domestic crude oil burn, freeing barrels for export or Continue Reading
East Africa: Several Hurdles Standing in the Way of East Africa’s Early Oil Extraction Plans
As East Africa’s oil producers race to meet their production targets, funding and infrastructural development hurdles threaten to delay the projects. Uganda, for instance, has been forced to rethink its Continue Reading
Nigeria: Oil Majors Delay Investment On $23.5Bn Offshore Projects
International Oil Companies (IOCs) operating in Nigeria may have devised means to compel the Federal Government into changing its fiscal policy on the Petroleum Industry Governance Bill (PIGB). The Guardian Continue Reading
Prolonged high oil prices may hurt economy
Crude oil prices are rising. This is a result of coordinated production cuts by major oil-producing nations, such as the Organization of the Petroleum Exporting Countries (see below) and Russia, Continue Reading
Russia and Turkey ink pipeline agreement, end gas dispute
Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end Continue Reading
The Oil Major Wall Street Won’t Back
ExxonMobil, unlike most of its peers and competitors, has decided to ramp up spending and drilling on large-scale projects, to the dismay of its shareholders and Wall Street. The oil Continue Reading