Iraqi oil exports increase despite protests
Iraqi oil exports for June, the last full month for which data are available, were slightly higher than the month before on average, the government reported Statistics from the State Continue Reading
Energy sector remains vulnerable to protester ire
Civil unrest in Basra is keeping Iraq’s oil sector on edge, as protests continue and saboteurs have launched at least two minor attacks on energy infrastructure in the past week. Continue Reading
Nigeria: Oil Producing Communities Want Derivation Fund Raised to 50%
Oil producing communities in the Niger Delta region of the country have indicated their preference to have the new bill – the Petroleum Host and Impacted Communities Bill (PHICB) – Continue Reading
Colombia could create new system for oil round bidding amid delays
Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator said, after repeated Continue Reading
Venezuela facing ‘profound’ economic crisis
The IMF said the economic crisis in Venezuela, one of the founding members of OPEC, is “profound” as a substantial drop in oil production takes its toll. In an outlook Continue Reading
Surveys begin at potential Australian oil and gas giant
Australian energy company Melbana said surveys have started in the Beehive prospect, one of the largest undrilled prospects in the country. The country said seismic surveys were under way and Continue Reading
China steps up controls on maritime emissions
China’s decision to regulate maritime fuels could have a significant impact on international efforts to lower emissions from shipping, analysis finds. Following its so-called Blue Sky initiative, the Chinese Ministry Continue Reading
Is This The Next Coal Megaproject?
Some 80km from the Chinese border, the tiny Russian village of Yerkovtsy might provide the setting for a new Russo-Chinese megaproject. The 38 BCm/year Power of Siberia (and its potential Continue Reading
In China’s far west, CNPC vows $22 billion spend to replace ageing oil wells
China National Petroleum Corp (CNPC) said on Wednesday it will spend more than 150 billion yuan ($22 billion) by 2020 to boost oil and gas production in the western region Continue Reading
The Latest Battlefield In Asia’s Energy War
Last week, Chinese President Xi Jinping reportedly offered Sri Lanka a new grant of 2 billion yuan ($295 million). According to media reports, Sri Lankan President Maithripala Sirisena made the Continue Reading