Pipeline Leak Disrupts Libya’s Oil Exports
Libya’s Es Sider pipeline has a major leak that will require a 7- 10-day shutdown for maintenance The news comes on the back of Tuesday’s report on skirmishes by armed Continue Reading
Iran Blames Foreign Country for Gas Station Cyberattack
Iran’s been a frequent target of cyberattacks since its nuclear program became a flashpoint in its relations with the West more than a decade ago. Iran said a foreign country Continue Reading
Big Oil’s Exodus From Iraq Is Great News For Russia
An exodus of Western oil companies from Iraq has left Russia in a very advantageous position when it comes to negotiating its production deals there Russia and Iraq have been Continue Reading
Libya’s Es Sider oil output plunges 72% as pipeline leakage leads to closure
Highlights Waha Oil Co. currently pumping 77,000 b/d of Es Sider crude Output to decline for 10 days due to pipline closure National Oil Corp. needs funding to repair oil Continue Reading
Nigeria Needs $2.7bn Investment to Stabilise Petroleum Products Supply – NNPC
THE Nigerian National Petroleum Corporation, NNPC, yesterday, predicted that the nation needed about $2.7 billion worth of investment to enable it meet the rising demand for petroleum products. In his Continue Reading
Exxon Is By Far The Best Bet On Guyana’s Offshore Oil Boom
Exxon’s operations offshore Guyana are proving to be highly profitable Breakeven costs for its projects are expected to drop from $35 per barrel to $25 per barrel, an industry low Continue Reading
China’s Ambitious Climate Goals Collide With Reality, Hampering Global Efforts – WSJ
China, the world’s largest greenhouse-gas polluter, is heading to Glasgow climate talks next week with a bold agenda: For the first time, it promises to take major steps to wean itself off Continue Reading
Singapore probes unusual surge in COVID-19 cases after record
Surge came during a few hours in afternoon, authorities say ICU use rate nears 80%, more beds being added 98.7% of recent cases show no symptoms or only mild ones Continue Reading
Evergrande’s Next Bond Deadline Nears With Contagion Risk Rising
China Evergrande Group’s next bond payment deadline is fast approaching as investors scrutinize the developer for clues on the severity of a cash crunch that’s eroding confidence in other highly Continue Reading
Australia Rejects U.S., EU Call for Global Methane Agreement
Australia is rejecting a push by the U.S. and the European Union to join a global pact to cut methane emissions, expected to be announced at the crucial COP26 summit Continue Reading