Was The Aramco IPO Destined To Fail?
Since late 2016 the financial media has been abuzz about what would likely be the biggest initial public offering (IPO) ever: The sale of 5 percent of the world’s largest Continue Reading
Brig. Gen. Ali Hussein Hilal al-Mayahi, director of South Oil Police
Iraq’s oil sector is on edge as protesters continue to threaten to disrupt operations at major fields in Basra. Demonstrations have re-gained momentum this week, especially at the West Qurna Continue Reading
Nigeria: Shell to Conclude Plans On Bonga Oilfield Next Year
The decision to go ahead or withhold action the development of Nigeria’s Bonga Southwest offshore oilfield by Royal Dutch Shell and its partners has been put off till 2019, a Continue Reading
Nigeria: Crude Oil Production May Rise By 180,000bpd Next Year
Nigeria’s crude oil production is expected to rise further if Royal Dutch Shell and its partners, next year, decide whether to go ahead with the development of the nation’s Bonga Continue Reading
July oil exports and revenues rise
Iraq’s oil exports hit an annual high in July as the country sold 3.87 million barrels per day (bpd) – an increase of more than 70,000 bpd compared to June. Continue Reading
Eni gets nod for major oil development offshore Mexico
The outcome from a potential $1.9 billion commitment to offshore Mexico could realize 90,000 barrels of oil per day from 2021, Italian energy company Eni said. Eni CEO Claudio Descalzi Continue Reading
Mexico’s Next President Will Pour Billions Into Oil
Incoming President-elect Andres Manuel Lopez Obrador, or AMLO, has promised to invest around 175 billion pesos ($9.4 billion) into the state-owned energy companies. One of the goals is to reverse Continue Reading
India Allows Firms To Drill For Shale Oil, Gas Under Existing Contracts
India’s cabinet approved on Wednesday a policy to allow companies to explore and exploit unconventional oil and gas resources such as shale oil and gas and coalbed methane under the Continue Reading
Indian CIL’s coal production in Jul rises 11% on year
Highlights CIL’s July output rises to 40.56 million mt Subsidiaries SECL, MCL major contiributors Monthly offtake rises 9% on year New Delhi — State-owned Coal India Limited increased its production Continue Reading
Trump administration adds to China trade pressure with higher tariff plan
U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration Continue Reading