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Norway Plans To Expand Arctic Oil Exploration Areas

Norway Plans To Expand Arctic Oil Exploration Areas

Mar 14, 2019 at 12:38 | Tsvetana Paraskova

Norway’s government is proposing to expand the area that will be offered for oil and gas exploration in the 2019 licensing round of acreage in mature areas, Petroleum and…

Why Oil & Gas Companies Can’t Snag Millennial Talent

Why Oil & Gas Companies Can’t Snag Millennial Talent

Mar 14, 2019 at 12:31 | Tsvetana Paraskova

The oil and gas sector is facing a stiff competition in attracting young talent in science, technology, engineering, and mathematics (STEM) because Millennials and Generation Zs are most interested in…

Iran Pipeline Explosion Kills Four

Iran Pipeline Explosion Kills Four

Mar 14, 2019 at 12:08 | RFE/RL staff

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Iraq Looks To Boost Crude Oil Trading Business

Iraq Looks To Boost Crude Oil Trading Business

Mar 14, 2019 at 11:40 | Tsvetana Paraskova

Iraq’s State Oil Marketing Organization (SOMO) is looking to expand its crude oil trading activities with more spot sales and with opening offices outside Iraq, the director of SOMO’s crude…

Exxon Plans Foray Into Israel Gas Exploration

Exxon Plans Foray Into Israel Gas Exploration

Mar 14, 2019 at 10:01 | Irina Slav

Exxon has plans to enter the Israeli natural gas exploration industry despite the country’s tense relations with its Arab neighbors where Exxon has an established presence, Reuters reports, citing…

Reliance Industries Stops Diluent Deliveries To PDVSA

Reliance Industries Stops Diluent Deliveries To PDVSA

Mar 14, 2019 at 09:52 | Irina Slav

India’s Reliance Industries has suspended shipments of much-needed diluents to Venezuela’s PDVSA and will not resume them until U.S. sanctions against the South American country are not lifted. Reuters

Eni Makes Major Oil Discovery Offshore Angola

Eni Makes Major Oil Discovery Offshore Angola

Mar 13, 2019 at 17:39 | Tsvetana Paraskova

Italy’s oil and gas major Eni said on Wednesday that it had made a major oil discovery in Angola’s deepwater in a find that could help the African OPEC…

Mexico Could List State Oil Firm Pemex On Local Market

Mexico Could List State Oil Firm Pemex On Local Market

Mar 13, 2019 at 14:56 | Tsvetana Paraskova

Mexico’s President Andrés Manuel López Obrador does not rule out a possible listing of the ailing state oil firm Pemex on the local market. Pemex could also issue a…

Elon Musk Reverses On Tesla Price Cuts

Elon Musk Reverses On Tesla Price Cuts

Mar 13, 2019 at 14:07 | ZeroHedge

The constant fire drill that is Tesla's business model continued for yet another day as Elon Musk has now admitted that Tesla made a mistake in announcing it would slash the…

North Korea Evades Sanctions With Elaborate Smuggling Strategy

North Korea Evades Sanctions With Elaborate Smuggling Strategy

Mar 13, 2019 at 13:33 | Tsvetana Paraskova

North Korea’s nuclear and ballistic missile program remains in tact while the country continues to defy United Nations resolutions with significantly increased illegal ship-to-ship oil and coal transfers, a UN…

Rosneft Under Fire Over Venezuelan Crude Purchases

Rosneft Under Fire Over Venezuelan Crude Purchases

Mar 13, 2019 at 10:44 | Irina Slav

The U.S. State Department has not warned or notified BP in any way about its role as a substantial shareholder in Russia’s Rosneft after Secretary of State Mike Pompeo accused…

Citgo Confirms Venezuelan Crude Can Be Replaced

Citgo Confirms Venezuelan Crude Can Be Replaced

Mar 13, 2019 at 10:24 | Irina Slav

The new chairwoman of U.S. refiner Citgo has assured energy industry attendants of the CERAWeek conference that the company is resilient enough to continue operating without any major hiccups. The…

BP Chief Urges Big Oil To Converse With Green New Dealers

BP Chief Urges Big Oil To Converse With Green New Dealers

Mar 13, 2019 at 09:04 | Irina Slav

The oil industry would do well to engage the supporters of the Green New Deal in dialogue, BP’s chief executive Bob Dudley said at this week’s CERAWeek in Texas. “We…

Surprise Crude Oil Draw Sends Oil Prices Up

Surprise Crude Oil Draw Sends Oil Prices Up

Mar 12, 2019 at 16:21 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise draw in crude oil inventories of 2.6 million barrels for the week ending March 8, coming in significantly under analyst predictions that…

Russian Oil Firms Ready To Cut Production

Russian Oil Firms Ready To Cut Production

Mar 12, 2019 at 13:30 | Tsvetana Paraskova

At an energy ministry meeting earlier this month, Russia’s oil majors confirmed that they would be sticking to the production cuts that Russia had pledged in the OPEC+ deal, Vagit…

Argentina Looks To Boost Gas Output

Argentina Looks To Boost Gas Output

Mar 12, 2019 at 13:22 | Tsvetana Paraskova

Argentina aims to build new natural gas pipelines and to attract more investment in oil and gas production in the Vaca Muerta shale play in order to increase production and…

EPA Chief Urges The World To Buy U.S. Fossil Fuels

EPA Chief Urges The World To Buy U.S. Fossil Fuels

Mar 12, 2019 at 12:55 | Tsvetana Paraskova

U.S. oil, natural gas, and coal are being produced in a more environmentally conscious manner than anywhere else on the planet, U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler

Bolton Threatens Companies Shipping Venezuelan Oil To Cuba

Bolton Threatens Companies Shipping Venezuelan Oil To Cuba

Mar 12, 2019 at 10:25 | Irina Slav

Shipping companies and insurers that take part in sending crude oil from Venezuela to Cuba have been “put on notice,” U.S. national security adviser John Bolton said in a tweet,…

Venezuelan Oil Sector Takes A Beating As Blackout Persists

Venezuelan Oil Sector Takes A Beating As Blackout Persists

Mar 12, 2019 at 10:03 | Irina Slav

The Venezuelan national Assembly, dominated by the opposition, declared a state of alarm over a blackout that the government blamed on a U.S. cyberattack and that plunged the struggling country…

EOG Resources Commits To Methane Emission Reduction

EOG Resources Commits To Methane Emission Reduction

Mar 12, 2019 at 09:58 | Irina Slav

EOG Resources has committed to reduce its methane emission footprint, joining a growing group of energy companies yielding to shareholder pressure for more environmentally responsible operations, Axios reports, citing…

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