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The Biggest Loser Of The OPEC Deal

The Biggest Loser Of The OPEC Deal

The OPEC production cut deal…

5 Energy Sector Predictions For 2018

5 Energy Sector Predictions For 2018

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The Most Remarkable Natural Gas Deal Of 2018

The Most Remarkable Natural Gas Deal Of 2018

The potential first delivery of…

News

Maduro To Issue First 100 Million Petros Despite Skeptics

Maduro To Issue First 100 Million Petros Despite Skeptics

Jan 08, 2018 at 16:41 | Zainab Calcuttawala

Venezuelan President Nicolas Maduro said that he ordered the first 100 million units of its new oil-backed Petro—Venezuela’s cryptocurrency creation. Each Petro unit will be backed by one barrel…

Iraq Bans Kurdish Firm From Operating Kirkuk Oil Fields

Iraq Bans Kurdish Firm From Operating Kirkuk Oil Fields

Jan 08, 2018 at 15:06 | Tsvetana Paraskova

After Iraq’s federal forces recaptured the oil fields in Kirkuk in October, the Iraqi Parliament voted on Monday to ban Kurdish engineering company Kar Group from operating Kirkuk’s oil…

Goldman Sachs And Citi To Lead Saudi Aramco IPO

Goldman Sachs And Citi To Lead Saudi Aramco IPO

Jan 08, 2018 at 12:12 | City A.M

U.S. investment banking giants Goldman Sachs and Citi are lined up to lead the initial public offering (IPO) of part of Saudi Aramco, according to reports.   The Saudi state-owned oil…

Iraq To Begin Oil Deliveries To Iran

Iraq To Begin Oil Deliveries To Iran

Jan 08, 2018 at 12:02 | RFE/RL staff

Iraq's oil minister says the country will start exporting oil to Iran from its northern Kirkuk oil fields by the end of January. Oil Minister Jabar al-Luaibi said on January…

Kuwait Energy In Talks To Merge With London-Listed Firm

Kuwait Energy In Talks To Merge With London-Listed Firm

Jan 08, 2018 at 11:07 | Tsvetana Paraskova

After failing to complete an initial public offering in London last year, independent oil and gas company Kuwait Energy may find a way to get access to the London…

Vietnam Oil Executives Could Face Death Penalty In Corruption Case

Vietnam Oil Executives Could Face Death Penalty In Corruption Case

Jan 08, 2018 at 10:53 | Irina Slav

Vietnam’s government has put on trial 22 executives from state-owned energy company PetroVietnam for losses incurred by the company. Some of the offenses the executives are charged with are punishable…

Libyan Oil Company Calls For Reopening Of Ras Lanuf Refinery

Libyan Oil Company Calls For Reopening Of Ras Lanuf Refinery

Jan 08, 2018 at 09:49 | Irina Slav

Libya’s National Oil Corporation has called for the reopening of the Ras Lanuf crude oil refinery after it won two arbitration cases against the owner and operator of the…

Libya Triples Oil Revenues In 2017 As Production Recovers

Libya Triples Oil Revenues In 2017 As Production Recovers

Jan 05, 2018 at 15:05 | Tsvetana Paraskova

Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1 million bpd for the first…

Exxon Treats Guyana To 6th Offshore Discovery Since 2015

Exxon Treats Guyana To 6th Offshore Discovery Since 2015

Jan 05, 2018 at 15:03 | Zainab Calcuttawala

Guyana’s nascent oil and gas industry just gained a new discovery: ExxonMobil’s drilling team found 230 feet of high-quality, oil-bearing reservoir just outside the Liza phase one project, according to…

Canadian Crude Oil Exports Decline On Keystone Pipeline Leaks

Canadian Crude Oil Exports Decline On Keystone Pipeline Leaks

Jan 05, 2018 at 15:02 | Zainab Calcuttawala

Canadian crude oil exports fell 2.4 percent in November as the United States dropped imports from its northern neighbor to 3.26 million barrels per day, according to a new

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