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Venezuela: The Brutal Consequences Of Oil Addiction

The world’s most oil-dependent nations…

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Libya And Nigeria May Be Asked To Cut Production, Says Iraqi Oil Minister

May 22, 2017 at 17:07 | Zainab Calcuttawala

Even Libya and Nigeria could be asked to cut production at the Organization of Petroleum Exporting Countries’ (OPEC) meeting in Vienna on the 25th, when the bloc is expected…

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Repsol Completes Massive Issue Of “Green Bonds”

May 22, 2017 at 17:02 | Zainab Calcuttawala

Spanish oil giant Repsol completed the issue of $559 million in five-year green bonds on Tuesday, making it the first fossil fuel company of its size to benefit from…

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First Ever U.S. LNG Cargo Set Sail For Northwest Europe

May 22, 2017 at 13:51 | Tsvetana Paraskova

The first U.S. LNG shipment to Europe will come amid maintenance of some supply facilities in Europe, so it does not necessarily mean that the U.S. is starting to send…

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India Uses Its Oil Demand Power To Secure Better Deals With OPEC

May 22, 2017 at 12:54 | Tsvetana Paraskova

India wants better deals with OPEC, asking for “responsible price” and “seller-buyer alignment”, India’s Petroleum Minister Dharmenda Pradhan said on Twitter on Monday, following a meeting with OPEC’s Secretary General…

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BP Starts Oil Production At Redeveloped North Sea Project

May 22, 2017 at 12:13 | Tsvetana Paraskova

BP said on Monday that it had produced its first oil from the Quad 204 project in the west of Shetland region offshore UK, following a US$5.7 billion (

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Tunisian Oil Protests Continue, Second Pumping Station Closed

May 22, 2017 at 10:41 | Irina Slav

Protesters in southern Tunisia have closed another oil pumping station in the Kebili province, signaling that the months-long sit-ins and gatherings are nowhere near an end. The protests erupted soon…

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GE Strikes Deals Worth $15B In Saudi Arabia

May 22, 2017 at 09:31 | Irina Slav

GE has closed preliminary agreements with Riyadh on a number of projects worth a collective US$15 billion, the company said. GE’s Vice Chairman John Rice traveled with President Trump…

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Exxon Labor Negotiations Fall Apart, Threaten Nigerian Oil Production

May 19, 2017 at 15:46 | Zainab Calcuttawala

Talks between Exxon officials in Nigeria and the fossil fuel sector’s labor union have failed to produce a mutually agreeable solution, according to a labor official who spoke to Bloomberg…

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President Duterte: China Threatened War If We Drill For Oil In South China Sea

May 19, 2017 at 14:13 | Tsvetana Paraskova

China’s President Xi Jinping had warned Philippine President Rodrigo Duterte that the Chinese would go to war if the Philippines were to drill for oil in a disputed area in…

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Indonesia’s Oil and Gas Block Offerings Fail To Excite Investors

May 19, 2017 at 14:07 | Tsvetana Paraskova

Indonesia offered on Friday 10 conventional and 5 unconventional oil and gas blocks under new, more flexible terms for production sharing deals, but it is still failing to attract much…

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