Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100 Continue Reading
From an exploration license offshore to a contract extension near the Western Desert, Italian energy company Eni said it’s strengthening its position in Egypt. The company stated Tuesday that its Continue Reading
With U.S. sanctions set to snap back into place, Iran is bracing itself for another period of economic hardship and uncertainty. Critical to the success of the U.S. sanctions program Continue Reading
Iran will send its oil minister, Bijan Zanganeh, to a September meeting of the monitoring committee overseeing OPEC’s supply accord with Russia and other allies, in another bid to preserve Continue Reading
Libya’s crude oil recovery has seen output rise above 1 million b/d for the first time since early June, sources close to the production said Tuesday. Receive daily email alerts, Continue Reading
Iraq’s Federal Supreme Court at the Aug. 14, 2018, hearing of a lawsuit by the federal Oil Ministry against Kurdistan’s oil sector. (Source: Federal Supreme Court media office) Iraq’s Federal Continue Reading
Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that a group of investors has acquired a 100,000-barrel per day, BPD, refinery in Turkey, from British Petroleum, BP, and are currently in Continue Reading
Iranian Oil Minister Bijan Zanganeh will attend a meeting of an OPEC/non-OPEC committee that monitors output compliance, known as the JMMC, in Algeria in September, the Iranian Students’ News Agency Continue Reading
A survey completed at a basin off the coast of Australia thought to hold at least 1 billion barrels of reserves. Image courtesy of Melbana Energy Aug. 14 (UPI) — Continue Reading
As China girds for an escalating trade fight with the U.S., it is facing increasing trouble on the home front from a slowing economy. Spending on so-called fixed assets such Continue Reading
