• 1 day PDVSA Booted From Caribbean Terminal Over Unpaid Bills
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  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
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News

Oil M&A Deals Set To Rise

Oil M&A Deals Set To Rise

Oct 11, 2017 at 10:54 | Irina Slav

Mergers and acquisitions in the oil and gas industry are on the rise, and the trend will intensify over the next 12 months, the latest Mergers and Acquisitions in Oil…

South Sudan Tightens Oil Industry Security

South Sudan Tightens Oil Industry Security

Oct 11, 2017 at 09:20 | Irina Slav

South Sudan’s government is making a push for better oil industry security as the new African country looks to return to oil production rates from before the civil war that…

Over 1 Million Bpd Remain Offline In Gulf Of Mexico

Over 1 Million Bpd Remain Offline In Gulf Of Mexico

Oct 10, 2017 at 18:07 | Julianne Geiger

Both WTI and Brent benchmarks were up on Tuesday as about 58 percent of U.S. Gulf of Mexico crude oil production is still offline, according to the Bureau of…

Turkmenistan To Spend $93-Billion On Oil And Gas Sector

Turkmenistan To Spend $93-Billion On Oil And Gas Sector

Oct 10, 2017 at 16:05 | RFE/RL staff

Turkmen President Gurbanguly Berdymukhammedov has vowed to spend tens of billions of dollars to prop up the country’s oil-and-gas sector, which has been hurt by low global prices and falling…

Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years

Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years

Oct 10, 2017 at 15:06 | Zainab Calcuttawala

Hydrocarbon projects in India will get a US$300 billion boost over the next ten years as New Delhi prepares to grapple with growing energy demand in the subcontinent, Oil Minister…

Record U.S. Crude Exports Squeeze North Sea Oil

Record U.S. Crude Exports Squeeze North Sea Oil

Oct 10, 2017 at 14:29 | Tsvetana Paraskova

Record-high U.S. crude oil exports are putting pressure on North Sea oil as American oil is now flowing to Europe and to the prized Asian market, which has become…

Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan

Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan

Oct 10, 2017 at 13:59 | Tsvetana Paraskova

Iraq’s Oil Minister Jabbar Al-Luiebi has ordered state-held oil and pipeline companies to begin restoring oil flows from Kirkuk to Turkish port Ceyhan via a pipeline that bypasses Kurdistan, increasing…

Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says

Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says

Oct 10, 2017 at 12:49 | Tsvetana Paraskova

Several years of underinvestment in large oil projects could lead to oil price spikes of $80-$100 per barrel by the 2020s unless mega projects are sanctioned very soon, Jonathan Chanis,…

Saudi Arabia Ups November Oil Exports To 7-Million Bpd

Saudi Arabia Ups November Oil Exports To 7-Million Bpd

Oct 10, 2017 at 10:18 | Irina Slav

Saudi Arabia plans to export 7.1 million barrels of crude daily next month, substantially more than what it said it would ship abroad from August this year on, a…

Niger Delta State Looks To Break Free From Oil

Niger Delta State Looks To Break Free From Oil

Oct 10, 2017 at 09:53 | Irina Slav

Bayelsa, a state in the Niger Delta region of Nigeria, will search for non-oil natural resources to diversify away from its main commodity—oil. This is what the state’s new commissioner…

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