Aspiring Mexican finance minister pours water on oil tenders
Roll up, roll up and invest in Mexico — just not in the oil sector. That is the message from the man picked by Andrés Manuel López Obrador, the frontrunner Continue Reading
Economic recovery for OPEC-member Angola shaky
Economic recovery for Angola, an OPEC member coping with declining production, is progressing but it’s still uncertain over the long term, the International Monetary Fund found. IMF data show Angola’s Continue Reading
Venezuela Won’t Have Enough Oil To Export By 2019
On May 21st President Donald Trump signed a new executive order prohibiting certain oil-related transactions with Venezuela. GlobalData, a leading data and analytics company, argues that the new sanctions are Continue Reading
China Plans To Create A $78 Billion Natural Gas Giant
Together with its massive push to have more and more residential and industrial customers switch from coal to gas, China is aiming to overhaul the ownership of its huge gas Continue Reading
China Closes The Door On Vietnam’s Oil And Gas Ambitions
As China tightens the noose over Vietnam’s ability to drill for oil and gas in its own UN-mandated 200-nautical mile Exclusive Economic Zone (EEZ), the country is turning to solar Continue Reading
Shell feeds gas to Australia’s new Prelude floating unit
Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman Continue Reading
Permian Water Shortages Cited as Material Risk to E&P Profits, Output
Permian Basin operators have been raising more rigs and ramping up completions of late, but persistent water issues could be a material risk to future profitability and production, according to Continue Reading
EPA chief hints he could order more ethanol in fuel
A week after the White House suspended its bid to reform the nation’s biofuels policy to aid oil refiners, the head of the Environmental Protection Agency on Tuesday dangled a Continue Reading
High gas prices influencing consumer habits
Consumer demand for gasoline might be on the decline as retail gasoline prices in the United States remain stubbornly high, sector analysis finds. Motor club AAA lists a national average Continue Reading
The Downside Of Six Figure Salaries In The Permian Boom
A battle is playing out in Midland, TX between employee-starved local businesses and multinational energy companies who are poaching local residents left and right for high-paying jobs as the latest Continue Reading