IEA Chief: EVs Are Not The End Of The Oil Era
Electric vehicles (EVs) today are not the end of global oil demand growth, nor are they the key solution to reducing carbon emissions, Fatih Birol, the Executive Director of the Continue Reading
What’s Holding Back The Global Energy Transition
The consumption of natural resources and consequentially pollution has led to increased attention for the environment in most parts of the world. While it is safe to assume that benign Continue Reading
Oil Investment In Middle East Falls In 2018 But Outlook Remains Strong
New investments in oil and gas production and refining in the Middle East and Africa region fell by 32 percent last year to US$41 billion, according to the latest annual Continue Reading
France’s Total Set To Approve New Oil Project Offshore Nigeria
France’s Total will officially endorse a decision to proceed with the development of a new project offshore Nigeria, the Ikike project, Patrick Pouyanné, the chief executive of the oil and Continue Reading
Iran discovers oil in Abadan region: minister
Iran has discovered oil in the southwestern Abadan region for the first time, Oil Minister Bijan Zanganeh was quoted as saying by the Mehr news agency on Wednesday. The oil Continue Reading
Iran Looks To Boost Oil, Gas Production Capacity With $1B Deals
Subsidiaries of the National Iranian Oil Company (NIOC) signed on Tuesday agreements with Iran-based companies aimed at maintaining and increasing the production capacity of nine ageing oil and gas fields Continue Reading
India’s Crude Demand Growth Shows No Sign Of Slowing
India’s crude oil demand this year will continue to rise at the same rate it rose by in 2018, which made it the second-biggest driver of global demand growth, energy Continue Reading
Saudi Aramco eyes multi-billion-dollar U.S. gas acquisitions: CEO
Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it aims Continue Reading
Venezuela’s PDVSA, in default, says total debt fell in 2018
Venezuela’s state-run oil company PDVSA said on Tuesday its debt fell 5 percent in 2018 from a year ago to $34.6 billion, though it remains in default on most of Continue Reading
China’s CNOOC boosts spending target to 5-year high, increases domestic drilling
China’s state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call Continue Reading