Historically the Mediterranean hasn’t been the focus of oil and gas producing companies. With the exception of Algeria and Libya which owe their energy industry to the Sahara region. Recent Continue Reading
Chineme Okafor reviews a new report that revealed that Nigeria’s petroleum products pipelines are in a state of disrepair and need to be fixed or replaced The outcome of a Continue Reading
Hoping to drive oil prices back up to $80 per barrel, Saudi Arabia is preparing deeper production cuts this month. Saudi Arabia plans on lowering oil exports to 7.1 million Continue Reading
The new strategy comes as the kingdom seeks to cover a large government spending boost . It said last month that it planned to increase its expenditures by 7% in Continue Reading
India’s state-run Bharat Petroleum Corporation Limited (BPCL) will resume importing oil from Iran in February after a three-month hiatus that began with the U.S. sanctions on Iranian oil, Reuters reported Continue Reading
Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla that is part-owned by a prominent Florida Republican to help increase the socialist-run country’s Continue Reading
A fledgling U.S. company set up last year will help Venezuela turn around its falling oil production that has led to the country’s oil exports falling to the lowest in Continue Reading
Due to an unusually low amount of rain in December, the Panama Canal Authority (ACP) announced Monday that the maximum draft for a ship transiting the Neopanamax locks will be Continue Reading
Brazil’s Economy Ministry denied that the government would pay $14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast Continue Reading
A study by China Academy of Social Sciences (CASS) warned that the country must implement policies to handle a smaller workforce and an older population, the BBC reported on Sunday. Continue Reading
