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News

Venezuela Oil Services Debt Rises To $1.2 billion As Rig Count Dips

Venezuela Oil Services Debt Rises To $1.2 billion As Rig Count Dips

Jun 28, 2016 at 17:18 | Erwin Cifuentes

Contractors have cut back the drilling of oil in Venezuela amid a rising unpaid debt owed to suppliers by the Latin American country’s government and state-owned producer PDVSA.…

Suicide Bombing at Istanbul Airport Kills 10, Wounds 20

Suicide Bombing at Istanbul Airport Kills 10, Wounds 20

Jun 28, 2016 at 15:49 | Charles Kennedy

Following a series of terrorist attacks in Turkey’s key cities in recent months, two suicide bombers targeted Istanbul’s international airport late on Tuesday, killing at least 10…

Turkish Stream Back On The Agenda After Ankara Apology

Turkish Stream Back On The Agenda After Ankara Apology

Jun 28, 2016 at 15:41 | Irina Slav

Russia has indicated that it is ready to restart negotiations on the Turkish Stream gas transport project, after the Turkish president sent an official apology for the…

Oil Investor Zukerman In Guilty Plea On Tax Evasion Charges

Oil Investor Zukerman In Guilty Plea On Tax Evasion Charges

Jun 28, 2016 at 15:26 | Irina Slav

Moris Zukerman, a former Morgan Stanley banker turned energy investor, has pleaded guilty of evading taxes to the tune of $45 million to the Manhattan federal court.…

SEC Ruling: Oil And Gas Companies To Increase Disclosure

SEC Ruling: Oil And Gas Companies To Increase Disclosure

Jun 28, 2016 at 15:08 | Lincoln Brown

The U.S. Securities and Exchange Commission (SEC) has given its approval to a rule that will require oil and gas companies to disclose payments they make…

Total Reveals $2 billion Invesment Plan for Qatar

Total Reveals $2 billion Invesment Plan for Qatar

Jun 28, 2016 at 14:16 | Lincoln Brown

French oil major Total has announced its plans to develop the Al-Shaheen oilfield in Qatar over the next five years, at a price of approximately…

Exxon Announces New Oil Find in Guyana

Exxon Announces New Oil Find in Guyana

Jun 28, 2016 at 10:49 | Irina Slav

Exxon Mobil has announced a new, and potentially big, oil and gas find off the coast of Guyana. The oil and gas find was struck…

Fire Still Burning After Large Gas Plant Explosion in Mississippi

Fire Still Burning After Large Gas Plant Explosion in Mississippi

Jun 28, 2016 at 09:23 | Lincoln Brown

A fire is still burning after an overnight explosion at an Enterprise Gas Processing, LLC natural gas plant in Pascagoula, Mississippi. Local TV station WLOX…

Israel And Turkey To Renormalize Relations After Six Years

Israel And Turkey To Renormalize Relations After Six Years

Jun 27, 2016 at 17:19 | Zainab Calcuttawala

Local media reports from Israel and Turkey indicate that the two countries have reached an agreement to renormalize relations after six year of diplomatic turbulence…

Driftwood Looks To Build A Nat Gas Terminal In Louisiana

Driftwood Looks To Build A Nat Gas Terminal In Louisiana

Jun 27, 2016 at 16:08 | Erwin Cifuentes

Driftwood LNG plans to become the seventh company to build a natural gas terminal in the southwestern area of Louisiana, the Associated Press reported over…

Total Gains 30% Stake in Major Qatari Offshore Field

Total Gains 30% Stake in Major Qatari Offshore Field

Jun 27, 2016 at 15:30 | Zainab Calcuttawala

The Qatari oil ministry has awarded Total a 30 percent stake in a new joint venture contract for the Al-Shaheen offshore field, which produces 300,000…

Chevron Close To Meeting Spending Goals At Vaca Muerta

Chevron Close To Meeting Spending Goals At Vaca Muerta

Jun 27, 2016 at 14:24 | Erwin Cifuentes

Chevron and its partners at the Vaca Muerta site in Argentina are close to meeting their spending goals due to a 20 percent annual drop in…

Iran Gears Up For IPC Tenders

Iran Gears Up For IPC Tenders

Jun 27, 2016 at 12:42 | Irina Slav

Iran is preparing to launch the first oil and gas exploration and production tenders under its new Iran Petroleum Contract (IPC). The IPC aims to attract…

Niger Delta Avengers Call For A Brexit-Style Vote

Niger Delta Avengers Call For A Brexit-Style Vote

Jun 27, 2016 at 12:01 | Lincoln Brown

Brexit appears to be catching on. The latest group to call for “independence” is the Niger Delta Avengers, the militant group responsible for a series of…

Deadly Blast At Turkmenistan Refinery

Deadly Blast At Turkmenistan Refinery

Jun 27, 2016 at 10:51 | Eurasianet

Internet connections have been down in large parts of Turkmenistan following a reported fatal explosion at an oil refinery in the western city of Turkmenbashi. Alternative News of Turkmenistan

Bad News For Glut As US Offshore To Hit Record In 2017

Bad News For Glut As US Offshore To Hit Record In 2017

Jun 24, 2016 at 17:47 | Charles Kennedy

Companies pumping oil from the Gulf of Mexico will ramp up production in coming months, propping up American output, despite efforts to curb production and…

Colombia’s Ecopetrol to Auction Off 20 Oil and Gas Blocks

Colombia’s Ecopetrol to Auction Off 20 Oil and Gas Blocks

Jun 24, 2016 at 17:08 | Erwin Cifuentes

Ecopetrol, Colombia’s largest state-run oil company, has announced its plans for an electronic auction of twenty gas and oil blocks to be held on 30 September.…

Gazprom Expects Profits To Triple Despite Low Oil Prices

Gazprom Expects Profits To Triple Despite Low Oil Prices

Jun 24, 2016 at 14:42 | Matt Slowikowski

After posting an 86 percent drop in net profit of 159 billion rubles ($3.07 billion) in 2014, the Russian gas giant has posted margins of over 10 percent…

API Lobbies For Arctic Drilling To Remain On the Table

API Lobbies For Arctic Drilling To Remain On the Table

Jun 24, 2016 at 14:11 | James Burgess

The American Petroleum Institute (API) and other energy industry groups are urging the U.S. government not to remove Arctic offshore drilling from the table through 2022, despite…

Lebanon Gets Seismic As Israel Prepares To Develop Massive Gas Field

Lebanon Gets Seismic As Israel Prepares To Develop Massive Gas Field

Jun 24, 2016 at 12:41 | Charles Kennedy

Seismic surveys now show that Lebanon’s portion of the prolific Levant Basin is showing promising oil and gas reserves, as the country lags far behind Israel in tapping…

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