Despite some crude inventory builds…
WTI crude hangs above $80…
Africa’s biggest oil producer, Nigeria,…
The Iraqi oil ministry will negotiate directly with international oil companies (IOCs) and consortiums in the upcoming bidding of a dozen small- to medium-sized fields located in the provinces of…
The Energy Committee of the Egyptian Parliament plans to contact its Ministry of Petroleum to get to the bottom of why the petroleum shipment from Aramco was suspended earlier this…
Uganda’s ministry of energy has invited for talks a dubious company registered in a tax haven to discuss the construction of a US$4-billion, 30,000-bpd crude oil refinery in the…
Angola overtook Russia as China’s biggest oil supplier last month, exporting 1.02 million barrels per day to the Asian country, up by 45.8 percent on the year, Reuters reported…
Monsoon torrents and regional civil disturbances did not affect India’s hunger for fuels last month, with local refineries processing 4.82 million barrels per day, up 9.27 percent on the…
By the end of the year, the Iceland Deep Drilling Project (IDDP) will create the hottest hole in the world to extract geothermal energy from magma flows in Reykjanes, according…
Greece will repay all its oil debts to Iran under a two-year instalment plan, Iran’s Mehr News Agency reported on Friday, quoting deputy oil minister for international affairs, Amir…
The Islamic State began attacks on the oil-rich Iraqi province of Kirkuk on Friday, causing the deaths of 10 employees working at a power station in the town of Dubis,…
A quarter after Schlumberger (NYSE:SLB) called the bottom of the oil industry’s downturn, the oilfield services major reported third-quarter earnings that beat estimates by a narrow margin, saying…
Shell has struck a deal with Canadian Tourmaline Oil Corp for the sale of oil and gas acreage worth over US$1 billion, as part of its US$30-billion divestment plan.…
Saudi Arabian debt is becoming cheaper to insure as the kingdom’s massive $17.5 billion bond issue turns one day old, according to a new report by Reuters. The drop…
In the wake of negotiations and strikes by militants against oil companies and their infrastructure in the Niger Delta region, The Nigerian Navy has made a significant move towards…
Libya’s National Oil Corporation will export oil cargo stored at the Es Sider port during the first week of November, according to a new report by S&P Global Platts…
Syria’s army and its allies have repelled ISIS terrorist attacks at two oilfields in the oil-rich Homs area, Tehran-based Fars News Agency reported on Thursday, quoting a military source.…
Oswaldo Cisneros, a billionaire Venezuelan businessman on friendly terms with the Socialist regime, is pouring in US$1 billion in a joint venture with state-held PDVSA, as the government is trying…
Austrian energy major OMV said it has no plans to restart oil production in Yemen, despite a three-day ceasefire in the country. The situation there remains too volatile, OMV
Although oil prices have risen from the lows they hit in the first quarter, economists are cutting again their GDP growth forecasts for the biggest Arab Gulf states for this…
The breaking news from Tesla is in: all cars manufactured at the company’s factory in California as of October 19 will be equipped with a full self-driving system. The…
Roughly 650,000 homes in Tennessee will be powered by the first nuclear power generator to enter into commercial operation in the United States in 20 years, according to a new…
Unspecified terrorist groups have been caught attempting to recruit university-level students from the Commonwealth of Independent States (CIS)—including up and coming petroleum engineers and energy analysts, according to the head…