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5 Negative Factors For Oil Prices

Oil prices continue to be…

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U.S. Oil And Gas Is Changing To Survive

Spending by E&P operators has…

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The Niger Delta Oil Wars Are Unlikely To End Soon

While the Nigerian government announced…


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Greece to Repay Oil Debt To Iran In Two Years

Oct 21, 2016 at 15:50 | Tsvetana Paraskova

Greece will repay all its oil debts to Iran under a two-year instalment plan, Iran’s Mehr News Agency reported on Friday, quoting deputy oil minister for international affairs, Amir…

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Oil-Rich Kirkuk Attacked Before Dawn As Mosul Offensive Continues

Oct 21, 2016 at 13:55 | Zainab Calcuttawala

The Islamic State began attacks on the oil-rich Iraqi province of Kirkuk on Friday, causing the deaths of 10 employees working at a power station in the town of Dubis,…

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Schlumberger Q3 Report Signals U.S. Drilling May Be On the Upswing

Oct 21, 2016 at 11:57 | Tsvetana Paraskova

A quarter after Schlumberger (NYSE:SLB) called the bottom of the oil industry’s downturn, the oilfield services major reported third-quarter earnings that beat estimates by a narrow margin, saying…

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Shell Divests $1B Canadian Oil Assets

Oct 21, 2016 at 11:00 | Irina Slav

Shell has struck a deal with Canadian Tourmaline Oil Corp for the sale of oil and gas acreage worth over US$1 billion, as part of its US$30-billion divestment plan.…

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Saudi Arabian Debt Issue Eases Fears About Kingdom’s Budget Issues

Oct 20, 2016 at 17:59 | Zainab Calcuttawala

Saudi Arabian debt is becoming cheaper to insure as the kingdom’s massive $17.5 billion bond issue turns one day old, according to a new report by Reuters. The drop…

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Nigerian Military Moves Against Militants In The Niger Delta

Oct 20, 2016 at 17:34 | Lincoln Brown

In the wake of negotiations and strikes by militants against oil companies and their infrastructure in the Niger Delta region, The Nigerian Navy has made a significant move towards…

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Libya Plans To Export Cargo From Damaged Es Sider Port In November

Oct 20, 2016 at 16:47 | Zainab Calcuttawala

Libya’s National Oil Corporation will export oil cargo stored at the Es Sider port during the first week of November, according to a new report by S&P Global Platts…

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Syrian Army Repels ISIS Attacks On Two Oil Fields

Oct 20, 2016 at 13:57 | Tsvetana Paraskova

Syria’s army and its allies have repelled ISIS terrorist attacks at two oilfields in the oil-rich Homs area, Tehran-based Fars News Agency reported on Thursday, quoting a military source.…

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One Of Venezuela’s Richest Men Invests $1B In State Oil Field

Oct 20, 2016 at 13:24 | Tsvetana Paraskova

Oswaldo Cisneros, a billionaire Venezuelan businessman on friendly terms with the Socialist regime, is pouring in US$1 billion in a joint venture with state-held PDVSA, as the government is trying…

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Oil Major Backs Away from Yemen, Citing Security Concerns

Oct 20, 2016 at 12:26 | Irina Slav

Austrian energy major OMV said it has no plans to restart oil production in Yemen, despite a three-day ceasefire in the country. The situation there remains too volatile, OMV

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