Amid rising inventories and lackluster…
The rapid growth of artificial…
Zambia is poised to become…
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…
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…
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 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…
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…
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’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…
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…
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…
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…
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…
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…
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…
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…
Angola’s state-run oil giant Sonangol, recently taken over by the president’s daughter, has announced a gas discovery in the offshore Kwanza Basin that could hold 813…
Rosneft’s Igor Sechin rejected rumors alleging that the Russian company would sell the government’s 19.5 percent stake to a consortium of Chinese and Indian oil firms.…
A report from Moody’s Investors Service concluded that the odds are strong for Venezuela to fall into a debt default later this year, starting with state-run…
Two Italian energy companies, Saras SpA and Iplom SpA have signed long term contracts with the National Iranian Oil Company to purchase and import crude…
Despite an earlier report in which the Nigerian government stated that it had reached a one-month cease-fire with the Niger Delta Avengers, the group now says it has not…
The latest American Petroleum Institute (API) report published on 21 June 2016 indicated a bigger-than-expected draw on U.S. oil inventory. As reported by CNBC, U.S.…