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News

45 Killed As Protests In OPEC’s Second-Largest Producer Escalate

45 Killed As Protests In OPEC’s Second-Largest Producer Escalate

Nov 29, 2019 at 10:10 | Tsvetana Paraskova

At least 45 people were killed by security forces in Iraq on Thursday on the deadliest day since mass protests in OPEC’s second-largest oil producer began in early October.…

This OPEC Member Is Desperate For More Foreign Investment

This OPEC Member Is Desperate For More Foreign Investment

Nov 29, 2019 at 09:45 | Tsvetana Paraskova

Algeria is amending its energy law in a bid to attract foreign investment into its oil and gas industry, months after international majors suspended talks about new projects amid mass…

Why Russia Wants To Renegotiate The OPEC+ Deal

Why Russia Wants To Renegotiate The OPEC+ Deal

Nov 29, 2019 at 09:13 | Tsvetana Paraskova

Russian oil companies prefer to keep their production restriction quotas until March, when the current OPEC+ cuts expire, and discuss an extension then, signaling that Russian producers don’t want deeper…

Leading Rare Earth Miner Looks To Seal Mega Deal In The U.S.

Leading Rare Earth Miner Looks To Seal Mega Deal In The U.S.

Nov 27, 2019 at 13:48 | MINING.com

Australian rare earths miner Lynas Corp (ASX: LYC) and its United States-based partner Blue Line Corporation are fine-tuning funding plans to build a rare earths plant in Hondo, Texas. Lynas, which controls…

Tourism Is Forcing Mexico To Build Another Natural Gas Pipeline

Tourism Is Forcing Mexico To Build Another Natural Gas Pipeline

Nov 27, 2019 at 13:38 | Tsvetana Paraskova

Mexico plans to shortly launch a tender for the construction of a natural gas pipeline between the Tuxpan port on the eastern coast to Cancun and Merida on the Yucatan…

Shale Slowdown Continues As Oil Rig Count Falls Again

Shale Slowdown Continues As Oil Rig Count Falls Again

Nov 27, 2019 at 12:55 | Julianne Geiger

The US oil and gas rig count continued to fall this week, according to Baker Hughes, falling by 1 rig for the week. For oil rigs, this week marks the…

UK Oil Sector To Spend $19 Billion On North Sea Decommissioning

UK Oil Sector To Spend $19 Billion On North Sea Decommissioning

Nov 27, 2019 at 12:28 | City A.M

The UK oil and gas industry is set to spend more than £15bn on decommissioning activity in the North Sea over the next decade, as thousands of wells are expected…

Too Little Too Late: Canada Misses The LNG Boom

Too Little Too Late: Canada Misses The LNG Boom

Nov 27, 2019 at 12:27 | Irina Slav

Canada may have missed its chance to become an important player on the global liquefied natural gas market unless it changes its regulatory regime to make building LNG plants easier.…

Investors Are Abandoning “Uninvestable” Oil Service Stocks

Investors Are Abandoning “Uninvestable” Oil Service Stocks

Nov 27, 2019 at 12:26 | ZeroHedge

There have been few sectors dripping with apathy of late quite like the oil services sector.  On Tuesday, The Philadelphia Oil Service Sector Index fell 2% again, adding to a 15%…

Iran Could Have A Nuclear Bomb Within Months

Iran Could Have A Nuclear Bomb Within Months

Nov 27, 2019 at 12:10 | ZeroHedge

The Iranian government is shortening its nuclear breakout time -- the amount of time required to produce enough weapons-grade uranium for a single nuclear weapon. Tehran has accomplished this through several steps…


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