What will it take to re-start offshore drilling?
As global crude oil has hit the $80/b mark, the industry is now wondering if there is a magic price that would jump-start the offshore sector which is lagging an Continue Reading
U.S. toughens stance on Iran, lists sweeping demands
The United States on Monday demanded Iran make sweeping changes — from dropping its nuclear program to pulling out of the Syrian civil war — or face severe economic sanctions Continue Reading
Iran expects oil production challenges
It may be difficult for Tehran to continue pursuing oil production benchmarks in the face of possible sanctions pressure, the Iranian oil minister said. Iranian Oil Minister Bijan Zangeneh met Continue Reading
Iran Prepares For Oil Production Decline
Iran expects disruption in its oil industry after the reintroduction of U.S. sanctions that would make it hard to stick to its current production goals, Oil Minister Bijan Zanganeh said Continue Reading
Venezuela election: Fourteen ambassadors recalled after Maduro win
Nicolás Maduro celebrates his victory Venezuela’s President Nicolás Maduro is facing an international backlash after winning his second six-year term, in a landslide vote marred by an opposition boycott and Continue Reading
US condemns Venezuela election, readies sanctions
The US on Monday formally condemned Venezuelan President Nicolas Maduro’s electoral victory as an exercise in fraud and said new sanctions were forthcoming. “The United States stands with democratic nations Continue Reading
OPEC looking closely at Venezuelan oil output drop: sources
OPEC is looking closely at a drop in oil output from Venezuela to see if the loss of supply from the member state warrants action by the group, sources familiar Continue Reading
Railroaded: The Chinese High-Speed Train Network No One Else Really Wants
Li Guanghe has built some of the most technically complex railroads in China. Now he faces his toughest challenge yet: working abroad to deliver a flagship rail project in Thailand Continue Reading
Angola: Low Crude-Oil Production Caused By Investments Reduction
The minister of Mineral Resources and Oil, Diamantino Azevedo, on Monday in Porto Amboim, central Cuanza Sul Province, admitted that the decline in crude-oil production was caused by the substantial Continue Reading
Nigeria: 2018 Budget – Govt Won’t Meet 2.3 Million BPD Production Target Due to Sabotage – FBN
The crude production target of 2.3 million barrels per day proposed in the 2018 budget will not be achieved because of acts of sabotage in the lead-up to the 2019 Continue Reading