The Financial Times, citing unnamed…
Azerbaijan faces potential sanctions from…
Besides its important geo-strategic location,…
Russia issued government tenders on Monday for contracts to build 1.9 gigawatts of renewable energy capacity by utilizing foreign direct investment to create thousands of jobs for the country’s citizens,…
Husky Energy greenlighted the offshore West White Rose project on Monday, despite concerns that its high costs would lead to undesirable financial results in current bearish markets, according to…
A small Norwegian firm has forced Statoil to stop drilling in the Barents Sea of the Arctic by filing a suit against the oil major over a technology dispute, according…
Greece will start opening new onshore oil and gas blocks for exploration in 2018, the head of the Hellenic Hydrocarbons Resources Management (HHRM), Yannis Bassias, told Reuters in an
European imports of U.S. LNG could significantly cut into Gazprom’s dominance on the European gas market, Poland’s minister in charge of strategic energy infrastructure Piotr Naimski said on Monday, just…
Iran has launched the tender for the development of the Azadegan oil field in the country’s southwest, and has already invited international oil companies to participate, the Islamic Republic News…
Seismological surveys of parts of the Central Kavir desert in Iran have revealed a new oil deposit, local media reported, citing an unnamed source. The source did not reveal any…
Gazprom’s chief executive Alexander Medvedev is meeting today with EU antitrust commissioner Margrethe Vestager, to discuss a settlement after a probe into the gas giant’s dominant position as supplier of…
Crude oil imports to South Korea went up by 4.9 percent on the year in the first quarter of 2017, to 278.18 million barrels. The main driver behind the…
Royal Dutch Shell’s Brazilian subsidiary BG E&P Brasil and partners began production in a deepwater field in the Santos Basin on Friday, according to a new report by World…
New pipelines with similar routes may drive Plains All American LP’s Capline pipeline, from Louisiana-to-Illinois, obsolete, according to a new report by Reuters. The 1.2-million-barrel-per-day pipeline, was once the…
Riyadh plans to purposely reduce exports to the United States to force a reduction in the latter’s sizeable inventories, which are preventing a greater rise in global oil prices,…
Chinese independent refiners, the so-called ‘teapots’, are expected to import less crude at least until August, as high inventories, changing import quota policies, and stricter tax scrutiny are squeezing their…
Technological advances and deflationary pressure from the downturn have resulted in an 8-percent drop in global average unit production cost to US$30 per barrel of oil equivalent in 2016, which…
Iran expects around US$50 billion worth of oil contracts to launch their operational phases next year, according to Fardad Daliri, director of investment at the Industrial Development and Renovation Organization…
Kinder Morgan is ready to go ahead with its expansion project for the Trans Mountain crude oil pipeline, the company said in a press release. To fund the project,…
A new article in Science magazine suggests that the nuclear industry’s lobbying activities in Washington have resulted in the disapproval of a measure that would have protected Americans’ from the…
If India backs out of the Farzad-B natural gas block deal, Russian companies could be stepping in to fill the vacuum, according to remarks by Iranian Oil Minister Bijan…
Intesa Sanpaolo, Italy’s largest bank by market capitalization, has started the process to syndicate the US$5.8 billion (5.2 billion euro) loan it had extended to Glencore and the Qatar Investment…
The oil exports of Iraq’s semi-autonomous region of Kurdistan are not subject to the extension of OPEC’s production cuts, Iraq’s Oil Minister Jabbar al-Luaibi told Kurdish media network Rudaw during…