ZhenHua expands China’s role in Iraq’s oil sector
The China ZhenHua Oil Company, a subsidiary of state-owned arms manufacturer Norinco, is poised to make two new investments in Iraq’s oil sector. The company is forming a new oil Continue Reading
Oil market shrugs off rising threat to Iran deal: Kemp
President Donald Trump’s decision to replace his secretary of state with a more hawkish figure should have been bullish for oil prices since it increases the probability the nuclear deal Continue Reading
Saudis To Keep April Oil Exports Below 7 Million Bpd
Saudi Arabia will keep its crude exports below 7 million bpd in April as it stays committed to draw down excess global inventories and boost oil prices, according to the Continue Reading
Oil companies temper Iraq’s dreams of production expansion
Iraq, OPEC’s second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity as the appetite of international energy firms for investing in Continue Reading
Iran Strikes Second Oilfield Development Deal Since Nuclear Pact
A consortium of Russian and Iranian companies signed an agreement with Tehran to develop two oilfields located on the country’s border with Iraq, according to emerging reports —Iran’s second deal Continue Reading
Saudi Aramco international listing looks increasingly difficult – sources
Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO) on an international exchange such as London or New Continue Reading
Mediterranean Gas Bounty Suddenly Seems Within Big Oil’s Reach
Big oil companies are pushing into Mediterranean waters off Israel, Lebanon and Egypt after years of U.S. diplomacy helped break open a political logjam around giant Middle Eastern natural-gas discoveries. Continue Reading
UAE, Qatar Warily Extend Joint Oilfield Concession
The United Arab Emirates and Qatar have extended a concession for an offshore oilfield that the two share—but warily, since the UAE is part of a regional blockade against Qatar, Continue Reading
Post Tillerson: Is The Iran Nuclear Deal At Risk?
President Donald Trump sacked Secretary of State Rex Tillerson via Twitter on Tuesday, replacing him with current CIA Director Mike Pompeo. The move has some grim implications for the U.S.’ Continue Reading
Kirkuk fields begin to re-start
The Bai Hassan oil field and the Avana Dome of the Kirkuk field have started initial runs of production, five months after they were shut in following a federal military Continue Reading