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Energy / Crude Oil

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OPEC’s No.2 Plans Significant Raise In Crude Output Next Year

Apr 25, 2017 at 11:20 | Tsvetana Paraskova

Iraq has started work on the third and final phase of the Halfaya oil field expansion, with the goal to double production capacity next year, a company official at the…

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Barents Sea Oil Reserves Twice As Big As Previously Thought

Apr 25, 2017 at 09:56 | Tsvetana Paraskova

The Norwegian Petroleum Directorate (NPD) said on Tuesday that its latest estimates show that the undiscovered oil and gas resources in the Barents Sea are twice as large as…

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China Offers Contested South China Sea Oil And Gas Blocks

Apr 24, 2017 at 15:27 | Irina Slav

Last week, China National Offshore Oil Corp tendered 22 oil and gas blocks in the South China Sea, expecting bids from foreign companies that would help it develop the…

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Gas Prices In North Korea Shoot Up 83% As China Mulls Oil Embargo

Apr 24, 2017 at 10:16 | Irina Slav

Gasoline prices in North Korea’s capital Pyongyang jumped by as much as 83 percent within three days on the back of reports that China is mulling over an oil…

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Has The OPEC Deal Been A Success?

Apr 21, 2017 at 14:25 | Nick Cunningham

Oil prices took a hit last week after doubts resurfaced over the odds of an OPEC extension. The chances of an extension still seem good, but ultimately the decision to…

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Backstone Buys Into Permian For $2 Billion

Apr 21, 2017 at 14:19 | Oil & Gas 360

EagleClaw Midstream Ventures, LLC and its financial sponsor, EnCap Flatrock Midstream, have entered into a binding agreement to sell the company to funds managed by Blackstone Energy Partners and Blackstone…

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Low Oil Prices Won’t Deter Russia From Arctic Drilling

Apr 21, 2017 at 14:19 | Viktor Katona

In the wake of the recently organized Arctic Summit in Arkhangelsk and Rosneft getting drilling activities underway in the Laptev Sea, one cannot help but think that Russia is carrying…

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Exxon Is Going Primetime With The World's Next Shale Hotspot

Apr 21, 2017 at 09:29 | Dave Forest

The U.S. shale sector continues to be the hottest spot in natural resources investment. But news this week suggests America’s oil and gas industry may have a new rival —…

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Oil Companies Exploiting Famine And Financial Ruin In South Sudan

Apr 20, 2017 at 16:56 | Zainab Calcuttawala

South Sudan’s vulnerable financial state is making the civil-war-torn state easy prey for opportunistic oil and gas companies that could be offering Juba a fraction of the energy profits they…

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Exxon Mulls Big Investment In Argentina As Part Of Shale Strategy

Apr 20, 2017 at 14:44 | Tsvetana Paraskova

ExxonMobil is betting on shale development not only on its home turf. The supermajor is also planning to speed up investment plans for shale gas drilling in Argentina’s prized Vaca…

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