Sam Altman and Andreessen Horowitz…
In a recent interview, Peter…
China is finishing the Al-Faw…
State-controlled China National Petroleum Corporation (CNPC) has suspended investment in the giant South Pars gas field in Iran, following pressure from the United States and in an attempt to steer…
France’s supermajor Total said on Wednesday that it had signed an agreement with Mauritania for two new exploration and production contracts in the country’s deep offshore, amid growing interest…
The Michigan Legislature approved the Great Lakes pipeline project that envisages the replacement of a section of Enbridge’s Line 5 pipeline, which is 65 years old, and agreed to set…
A variant of the Shamoon malware that hit Saudi Aramco’s servers six years ago is back, Axios reports, citing a release from the cybersecurity unit of Alphabet, Chronicle. According…
Canadian miner Crystallex has accused Venezuela of breaching a US$1.4-billion settlement agreement as PDVSA continued to try and overturn a court order that allowed Crystallex to take control of the…
Despite assurances that Nigeria is working to diversify its economy away from oil, the African OPEC member continues to depend heavily on oil exports, and consequently, on oil prices, for…
The American Petroleum Institute (API) reported a huge crude oil inventory draw 10.18 million barrels for the week ending December 7, compared to analyst expectations that we would see a…
As countries meet in Poland from all over the world this week to discuss measures to mitigate the effects of climate change, US delegates showed up ready to…
India hopes to attract around US$300 billion in investments in its energy sector in the coming decade, including in refineries, natural gas infrastructure and trade, and liquefied natural gas (LNG)…
Russia is planning to reduce its oil production by 50,000 bpd to 60,000 bpd in January as part of the new OPEC+ deal, and will not be cutting its 228,000-bpd…
The commissioning of a mega refinery and petrochemical complex worth US$44 billion and involving Saudi Aramco and ADNOC has been pushed out by two years to 2025, a top executive…
A large group of Syrian civilians took control over several oil wells in eastern Syria after clashes with rebel group Syrian Democratic Forces, Iranian Fars News reported today, citing…
Tesla will open 11 new stores across the United States, the company said in a tweet. Four of these will be in California, two in Texas, two in Florida,…
China’s crude oil imports averaged more than 10 million bpd for the first time ever in November, as they beat the previous record for highest crude imports set in October,…
U.S. Secretary of Energy Rick Perry reiterated the “need for stable supply and market values” during talks with Saudi Energy Minister Khalid Al-Falih in Saudi Arabia, the U.S. Department of…
Libya is facing a major oil crisis as a group comprising local tribesmen and members of the field’s security guard seized the largest field in the country, Sharara. Reuters
The ruling United Socialist Party of leader Nicolas Maduro won overwhelmingly Sunday’s local elections in Venezuela amid a very low turnout as most of the opposition was banned from…
A rally was held outside the office of the United Nations in Yemen’s capital Sanaa on Monday to protest against measures of the Saudi-led coalition to hold and prevent ships…
Mexico will start accepting bids for the construction of a new refinery, estimated to be worth US$8 billion by March next year, President Andres Manuel Lopez Obrador said, as
After Russia agreed on Friday to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it…