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Iraq’s Oil Reserves Rise To 153 Billion Barrels

Feb 20, 2017 at 10:45 | Tsvetana Paraskova

The results of appraisal and exploration in central and southern Iraq have led to increased estimate for the country’s proven oil reserves to 153 billion barrels from 143 billion barrels…

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China’s CNPC Joins BP, Total In Abu Dhabi Oil Venture

Feb 20, 2017 at 09:02 | Tsvetana Paraskova

Abu Dhabi National Oil Company (ADNOC) signed a deal on Sunday to award to the China National Petroleum Corporation (CNPC) an 8-percent stake in Abu Dhabi’s onshore oil concession…

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Could 10,000 Wind-Powered Water Pumps Save The Arctic Cap From Melting?

Feb 17, 2017 at 17:15 | Zainab Calcuttawala

A team of scientists from Arizona State University have devised a water pumping system that would reverse the devastating effects of climate change in the Arctic ice cap, according to…

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Kinder Morgan Begins Talks With Canadian Pension Funds For Trans Mountain Expans

Feb 17, 2017 at 17:04 | Zainab Calcuttawala

Kinder Morgan has entered into talks with Canadian pension funds and private equity firms to secure financing for the US $5 billion expansion of the Trans Mountain pipeline, sources…

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Amid Tension With Russia, Belarus Signs Deal With Iran

Feb 17, 2017 at 16:54 | Zainab Calcuttawala

This month—for the first time in the East European country’s history—Belarus signed a contract to purchase crude oil from the National Iranian Oil Company. A row between the former…

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Saudis Rethink Aramco IPO: Pure Oil & Gas or Conglomerate?

Feb 17, 2017 at 16:37 | Zainab Calcuttawala

Saudi Arabian officials are debating whether the country’s flagship oil and gas company, Saudi Aramco, should be listed as an industrial conglomerate or a specialized international oil company ahead of…

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Uncertainty Mounts As Nigeria Appoints VP As Acting President

Feb 17, 2017 at 12:34 | Tsvetana Paraskova

The Nigerian vice-president has been named Acting President as the government moves to stem fears associated with the absence of President Muhammadu Buhari amid a struggle get oil industry corruption…

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TransCanada Seeks Approval Of Keystone XL Nebraska Leg

Feb 17, 2017 at 10:40 | Tsvetana Paraskova

TransCanada Corporation said on Thursday that it had filed an application with the Nebraska Public Service Commission (PSC) seeking approval for its Keystone XL pipeline to pass through the…

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Norway’s Oil Jobs Prospects Recover

Feb 17, 2017 at 09:30 | Tsvetana Paraskova

The number of job vacancies in Norway’s oil and gas industry rose in the fourth quarter last year compared to the fourth quarter of 2015, in what could be early…

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Still Not Complying With OPEC Cuts: Kuwait Boasts 2.75 Million Bpd Output

Feb 17, 2017 at 08:59 | Tsvetana Paraskova

Kuwait -- one of the strongest supporters of the Saudi-led OPEC supply-cut deal and a member of the monitoring committee on the production reduction – is boasting that its…

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