Eco Atlantic upgrades oil and gas resources in Guyana field
An oil and gas field off Guyana’s coast and owned by Tullow, Total and Eco Atlantic has about 3.9 billion barrels of oil equivalent, a third more than announced in Continue Reading
Venezuela’s Power Grid Afflicted by Brain Drain, Corruption
President Nicolás Maduro’s government convened an urgent meeting of 12 technicians in February 2016 at the giant El Guri hydroelectric complex after rolling blackouts had hit Venezuela. Despite the presence Continue Reading
Cuba Faces Oil Crisis As Venezuela Crumbles
When Venezuela’s opposition leader Juan Guaido earlier this week said he had decreed the suspension of all crude oil shipments to Cuba, he explained the move with the massive power Continue Reading
Wastewater – private equity’s new black gold in U.S. shale
Mike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland near Midland, Texas, the heart of the Continue Reading
Russia’s Novak says sanctions volatility is a pain for energy markets
Russian Energy Minister Alexander Novak attends a session of the Russian Energy Week international forum in Moscow, Russia October 3, 2018. REUTERS/Sergei Karpukhin BAKU (Reuters) – Russian Energy Minister Alexander Continue Reading
Novatek close to deal with Saudi Aramco on Arctic LNG 2 project: CEO
Novatek Chairman of the Management Board Leonid Mikhelson takes part in a signing ceremony on the sidelines of the – Leonid Mikhelson, chief executive of Russian gas giant Novatek, said Continue Reading
Mixed market outlooks have OPEC, allies in wait-and-see mode for JMMC meeting
Oil prices have risen some 25% since the beginning of the year thanks, in large part, to production cuts by OPEC and its allies, no doubt buoying the sentiments of Continue Reading
Venezuela production woes tightens US supply outlook, pushing WTI to new high
Frontline WTI futures settled at a fresh four-month high Thursday as an ongoing crisis in Venezuela exacerbated supply concerns. NYMEX April WTI settled up 35 cents at $58.61/b while ICE May Continue Reading
Oil Prices Shrug As Rig Count Continues To Fall
The the number of active oil and gas rigs in the U.S. fell once again this week according to Baker Hughes, as oil production fell for the first week this Continue Reading
Oil Prices Surge To Multi-Month Highs
Growing instability in Venezuela, and the potential of a slowdown in U.S. shale has pushed oil prices up to multi-month highs this week. Oil prices have surged to their highest Continue Reading