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Copper Demand Surge Drives Consolidation Wave in Mining Sector

Copper Demand Surge Drives Consolidation Wave in Mining Sector

London-listed mining group ACG gears…

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Kazakhstan's Nascent Auto Industry Thrives Amid Controversy

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News

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…

CVS pharmacies Chevron and Exxon's Rockefellers State Street andNigeria’s Riches

CVS pharmacies Chevron and Exxon's Rockefellers State Street andNigeria’s Riches

Jun 24, 2016 at 12:26 | Lincoln Brown

Aliko Dangote, arguably the richest man in Africa, has plans to build Nigeria’s first privately-owned crude oil refinery while also doubling his cement operations. Speaking to Reuters,…

Police Confirm Attack On Shell Facility In Nigeria

Police Confirm Attack On Shell Facility In Nigeria

Jun 24, 2016 at 09:15 | Lincoln Brown

Police in the area of Imo in Nigeria have confirmed that there has been an attack on a Shell Petroleum Development Company (SPDC) facility there. The attack, which…

ISIS Oil Ministry Headquarters In Iraq Destroyed In 34 New Strikes

ISIS Oil Ministry Headquarters In Iraq Destroyed In 34 New Strikes

Jun 23, 2016 at 16:48 | Zainab Calcuttawala

Twelve ground and air strikes in Syria and 22 in Iraq, conducted by the United States-led coalition against the Islamic State, targeted the terrorist organization’s lucrative oil…

$5B Panama Canal Expansion Opens Sunday, Promising To Change Global Trade

$5B Panama Canal Expansion Opens Sunday, Promising To Change Global Trade

Jun 23, 2016 at 15:24 | James Burgess

As the Panama Canal prepares to inaugurate its first-ever expansion on Sunday with a price-tag of US$5.25 billion, news agencies are lauding it as a game-changing…

Venezuela Oil Production Faces Worse-than-Estimated Decline

Venezuela Oil Production Faces Worse-than-Estimated Decline

Jun 23, 2016 at 14:53 | Erwin Cifuentes

Venezuela’s sliding oil output may be tumbling at a rate faster than initially anticipated and production could soon reach a 27-year low. As mentioned by Argus Media…

U.S. Expands Oil And Gas Storage Facilities By 6 percent In 6 Months

U.S. Expands Oil And Gas Storage Facilities By 6 percent In 6 Months

Jun 23, 2016 at 14:45 | Zainab Calcuttawala

The United States expanded its oil storage capacity by 34 million barrels, or six percent, from September 2015 to March 2016, according to the Energy…

Judge Strikes Down Federal Fracking Rule

Judge Strikes Down Federal Fracking Rule

Jun 23, 2016 at 13:45 | Lincoln Brown

The Western Energy Alliance announced Wednesday that it had won a major court case involving hydraulic fracturing or “fracking.” On Tuesday, a District Court Judge in…

Colombian Oil Industry Looking for Boost from Ceasefire

Colombian Oil Industry Looking for Boost from Ceasefire

Jun 23, 2016 at 13:11 | Erwin Cifuentes

The Colombian government and FARC rebels are close to ending their decades-long armed conflict following the anticipated signing of a bilateral ceasefire. The announcement of the…

Ventura County Pipeline Ruptures Sending 700 Barrels Of Oil Towards The Ocean

Ventura County Pipeline Ruptures Sending 700 Barrels Of Oil Towards The Ocean

Jun 23, 2016 at 11:54 | Julianne Geiger

A pipeline in Ventura County California ruptured on Thursday morning, spilling 700 barrels of oil into the ground in the Hall Canyon area. The oil flow…

Maersk Group Could Be Split Up Says Chairman

Maersk Group Could Be Split Up Says Chairman

Jun 23, 2016 at 11:45 | Energy Voice

The Maersk Group could be split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as…

Nigerian Militants Claim The President Faces A Military Coup

Nigerian Militants Claim The President Faces A Military Coup

Jun 23, 2016 at 09:42 | Lincoln Brown

The Joint Niger Delta Liberation Force (JNDLF) issued a statement on Wednesday claiming that some of the top members of Nigeria’s military had approached the…

Supreme Court Justice Sells Exxon Shares

Supreme Court Justice Sells Exxon Shares

Jun 22, 2016 at 16:57 | Charles Kennedy

U.S. Supreme Court Justice Samuel Alito has sold off his stock in Exxon Mobil Corp. worth up to $250,000, according to Reuters. In 2008, Justice…

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