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Saudis, Kuwait, Algeria Cut More Than Pledged To OPEC

Saudi Arabia, Kuwait and Algeria…

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5 Energy Stocks To Watch In 2017

From frac sand producers and…

News

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PwC Advising Saudis On $20B In Cut Projects

Jan 10, 2017 at 13:27 | Tsvetana Paraskova

PricewaterhouseCoopers is advising Saudi Arabia on US$20 billion worth of projects it could cancel in order to reduce the budget deficit it had amassed with the low oil prices of…

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Oil Downturn Shrinks Texas 2018-19 Spend By 2.7%

Jan 10, 2017 at 11:35 | Tsvetana Paraskova

Texas is expected to have around US$104.9 billion in revenue available for general-purpose spending in 2018 and 2019, down by 2.7 percent compared to the 2016-2017 period, Texas Comptroller Glenn…

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Iran Close To Hitting 4-Million-Bpd Output Target

Jan 10, 2017 at 09:57 | Irina Slav

When Saudi Arabia initiated the latest OPEC discussion about an oil production cut, Iran insisted that it would only consider joining market rebalancing efforts when it reached a daily output…

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U.S., Cuba Seal Oil Spill Prevention Deal, More to Come

Jan 10, 2017 at 09:23 | Irina Slav

The United States and Cuba have signed an agreement to team up on preventing, containing and cleaning up oil spills in their respective areas of the Gulf of Mexico,…

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‘’2017 E&P Spend To Rise For First Time In Three Years’’

Jan 09, 2017 at 18:08 | Tsvetana Paraskova

Following a couple of years of reduced exploration and production (E&P) investments, spending by global oil and gas companies is expected to increase by 7 percent in 2017, for the…

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Google’s Waymo To Release Its First Fleet Of Self-Driving Minivans

Jan 09, 2017 at 17:47 | Julianne Geiger

Waymo’s first fleet of self-driving Chrysler Pacific minivans will hit public roads later this month, according to an announcement made at Detroit’s North American International Auto Show on Sunday. Waymo,…

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Rosneft Seeks To Pull Out Of Its Only Project In Algeria

Jan 09, 2017 at 16:33 | Tsvetana Paraskova

Rosneft may soon withdraw from its only project in Algeria, an exploration project which Russia’s oil giant considers to have doubtful prospects, Russian business daily Kommersant reported on Monday,…

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Amid OPEC Cuts, Iraq Maintains February Crude Supply To 3 Buyers

Jan 09, 2017 at 14:38 | Tsvetana Paraskova

Iraq has not cut February crude supply allocations of the Basra grade to three buyers in Asia and Europe, in a sign that OPEC’s no.2 producer could keep exports at…

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East Timor, Australia Scrap Oil, Gas Treaty Amid Boundary, Espionage Row

Jan 09, 2017 at 13:33 | Tsvetana Paraskova

Australia and East Timor have agreed to tear up a temporary treaty regulating maritime boundaries in the latest development in a long-standing dispute that has involved sea boundary claims, oil…

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Argentina To Scrap Oil Product Export Duty

Jan 09, 2017 at 12:26 | Irina Slav

Argentina will remove a duty on oil product exports that has been in place for 15 years in a bid to encourage more foreign oil and gas investments, according…

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