Big Oil’s LNG Obsession
Since the early days of the oil and gas industry, a group of Western companies has dominated the industry. These companies have been named ‘Big Oil’ due to the size Continue Reading
OPEC’s Barkindo says oil demand to hit 100 mln bpd ‘much sooner’ than projected
OPEC Secretary-General Mohammad Barkindo said on Wednesday that world oil consumption would hit 100 million barrels per day later this year, “much sooner” than earlier projected. OPEC Secretary-General Mohammad Barkindo Continue Reading
OPEC’s Biggest Fear: A Full Blown Trade War
The escalating trade spat between China and the United States has started to worry Middle Eastern oil producers, who expect the dispute to hurt China’s oil imports alongside a rising Continue Reading
India Allows State Refiners To Import Iranian Oil In Iran-Owned Tankers
India has given permission to state-owned refiners to import oil from Iran with Iranian tankers and insurance, after the biggest Indian shipping company backed out of Iran voyages due to Continue Reading
Egypt Ordered To Pay $2B To JV Over Natural Gas Row
Union Fenosa Gas, a joint venture of Spain’s Naturgy and Italy’s Eni, operates the Damietta liquefied natural gas (LNG) plant in Egypt. The company took the country to court in Continue Reading
Saudi Aramco Signs Deal With Baker Hughes To Boost Offshore Oil Production
Saudi Aramco awarded on Tuesday to Baker Hughes the first integrated services contract for capacity expansion of its large offshore Marjan oilfield, the Saudi firm’s biggest upstream development this year Continue Reading
Houthis Claim Successful Attack On Aramco Oil Facility
Yemen’s Houthi rebels have claimed a successful attack on an unidentified oil facility of Saudi Aramco in Jizan, according to a report in Iranian state news agency IRNA. The strike Continue Reading
Deadly protests rage in Iraq over lack of services as political transition deadlocks
Iraqi authorities braced for a fresh round of violent protests Wednesday after security forces killed six demonstrators over the last two days during angry marches in the southern city of Continue Reading
Violent protests reignite in Iraq’s oil capital
The recent killing of a protester fueled renewed anti-government demonstrations in Basra city and around several oil fields, some of which turned deadly. Deadly fighting has broken out between protesters Continue Reading
U.N. says has reached ceasefire for Libyan capital as jailed migrants escape
A ceasefire has been signed between armed factions fighting over the Libyan capital, the United Nations said on Tuesday, after more than a week of violence inside Tripoli. Dozens of Continue Reading