The new fund would buy into technologies that benefit Aramco’s sprawling operations but don’t necessarily focus on energy, the people familiar with the venture said. Aramco wants to locate tech Continue Reading
The governor of a southern Yemeni province pumping 100,000 bpd—half of Yemen’s total oil production— threatened on Thursday to suspend oil shipments from the region if the internationally recognized Yemeni Continue Reading
Rioters burned down several buildings including those belonging to political parties in Basra on Thursday as protests continued to escalate into broader civil unrest, increasing the threat to the heart Continue Reading
Despite the fact that production and export figures presented by Iraqi sources are showing a significant improvement, optimism should be tempered. Iraq continues to head towards a major showdown between Continue Reading
Qatar’s energy minister on Thursday called for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil, but said he did Continue Reading
There are at least 41 billion untapped barrels of crude oil in sub-Saharan Africa, the U.S. Geological Survey estimated two years ago. During the downturn, oil companies bought licenses there Continue Reading
Oil giant, Shell, has reportedly initiated negotiations with local oil producers for selling two of its Nigerian oil licences in the Niger Delta, collectively worth $2 billion. The Anglo-Dutch petrochemical Continue Reading
Venezuela has created a commission to reorganize state oil company PDVSA in the coming months, according to the Official Gazette circulating on Thursday. PDVSA did not immediately respond to an Continue Reading
The outcome of Brazil’s upcoming presidential election is astoundingly unclear, with scenarios that range from a winner from the far-right, center or left. The energy industry is certainly not at Continue Reading
The Royal Navy of the United Kingdom has intercepted an Argentinian survey ship that a Navy commander suggested had been ‘snooping for oil’ on the edge of British territorial waters Continue Reading
