The UK's generation of electricity…
Russia sees advantages in the…
In a recent interview, Peter…
With only one in four Nigerian households having even sporadic electricity, the Nigerian state oil company has announced plans to shift focus from strictly oil and gas to power…
Despite the fact that it plans to raise its oil production, BP will not be investing in new refineries, but will seek to revamp existing plants and grow its retail…
In the next few weeks, Egypt expects to cut by around half the $3.5 billion in arrears it owes to international oil and gas companies operating in the country, Egyptian…
The United Arab Emirates cut daily crude oil production by nearly 200,000 barrels this month, in keeping with the country’s obligations under the OPEC market rebalancing agreement. The size of…
Venezuela’s main oil terminal, Jose, suffered disruptions in operations on Tuesday after a break in a pipeline had led to a crude spill, Reuters reports, citing sources familiar with…
Brazil is expecting the first revenues from oil sales under the new production-sharing agreements it has with foreign oil companies to start flowing into the state coffers this September, according…
The American Petroleum Institute (API) reported a build of 1.91 million barrels in United States crude oil inventories, compared to fairly accurate expert predictions that domestic supplies would see a…
Until yesterday, analysts were largely estimating the value of Saudi Aramco well below the Saudi claim that it is worth $2 trillion, but the Kingdom’s recent tax rate cut is…
A series of executive orders signed by President Donald Trump on Tuesday reversed climate regulations enacted by former President Barack Obama. Prominent environmental groups have vowed to sue the…
Unnamed armed factions have blocked production at the Sharara and Wafa fields in western Libya, cutting the country’s total output by 252,000 bpd, Reuters reported today, citing a source…
London-listed oil services provider Petrofac said on Tuesday that it had won a contract with Kuwait Oil Company for a $1.3-billion gathering center project in southeast Kuwait. Kuwait Oil…
The European Court of Justice, Europe’s top court, on Tuesday ruled that sanctions imposed by the UK and the EU on Russia’s oil giant Rosneft are valid, in a…
Libya’s National Oil Corporation has lashed out against the Government of National Accord, which issued a decree effectively giving it more control over the country’s oil wealth this weekend .…
As the Russia versus Ukraine gas war continues, former Ukrainian Prime Minister Arseniy Yatsenyuk now faces a Russian arrest warrant in addition to the international arrest warrant that has been…
Taiwan has begun purchasing high sulfur crude oil from Kurdistan to replace grades out of production due to the Organization of Petroleum Exporting Countries’ (OPEC) recent output cuts, according to…
Brazil has invited Turkish oil and gas companies to invest in the South American country’s energy sector revitalization process in 2017 and 2018, according to new reporting from Anadolu…
Saudi Arabia is cutting the tax rate on Aramco to 50 percent from 85 percent in a bid to attract international investors for next year’s planned IPO of its oil…
Saudi Aramco has invited China’s Sinopec to take part in the upcoming initial public offering (IPO) of the Saudi oil company planned for next year, the Chinese firm’s chairman Wang…
Norway’s Statoil plans to invest the equivalent of $2.34 billion on extending the lifetime of a field in the Norwegian Sea and starting production in a new field nearby, the…
Russia’s top oil producer Rosneft and gas giant Gazprom plan to invest a combined $1.42 billion (80.8 billion rubles) in offshore exploration in 2017, Russia’s Minister of Natural Resources and…