Last week, Chinese President Xi Jinping reportedly offered Sri Lanka a new grant of 2 billion yuan ($295 million). According to media reports, Sri Lankan President Maithripala Sirisena made the…
There’s a good chance that a ballot initiative to significantly expand the buffer zones between oil and gas wells and homes and other buildings could be up for voting by…
Some 80km from the Chinese border, the tiny Russian village of Yerkovtsy might provide the setting for a new Russo-Chinese megaproject. The 38 BCm/year Power of Siberia (and its potential…
After trading relatively flat on Monday, crude oil prices crept a bit higher on Tuesday morning due to escalating tensions between the United States and Iran.
Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn. A Rystad Energy review of the performance of their recent projects…
The world’s largest gas importer is also home to the world’s largest reserves of shale gas—gas that is just sitting there, at least for now. China has been struggling to…
Iran’s foreign ministry said on Tuesday that Tehran would respond with “equal countermeasures” if the United States tries to block Iranian crude oil exports. “If America wants to take…
President Trump seemed to hint at war with Iran on twitter on Sunday, in an all caps tweet directed at Iran’s president. To Iranian President…
There is never a dull moment in the Desert Kingdom when looking at the ongoing economic changes taking place inside Saudi Arabia. The world’s largest oil company Saudi Aramco, the…
Last month the 2018 BP Statistical Review of World Energy revealed that global oil production has now grown for eight straight years. Oil consumption rose to a new high…
The first second-quarter results from the oilfield service sector are in, and despite some missed expectations, the future looks bright for two of the top three global oilfield service providers.…
In its effort to wrest more control over global oil markets away from foreign producers, Congress has been pushing a bill that would let the U.S. sue OPEC for oil…
Sri Lanka will pay down its oil debt held by Iran with tea in response to new regulations that Sri Lanka has issued in order to comply with a UN…
Guyana’s recoverable offshore oil reserves are larger than expected—by almost a billion barrels, Hess Corp CEO John Hess said in a Monday press release. Gross discovered recoverable resources for…
Iran’s President Hassan Rouhani has threatened the United States with “the mother of all wars” if Washington continues pressuring it with sanctions and attempts to foment unrest among the already…
Rosneft’s chief executive Igor Sechin expects Brent could reach US$80 a barrel by this year’s end, Interfax reports citing a TV interview of the oil tycoon. The company’s budget…
Oil markets have shown tremendous weakness in recent days, losing nearly seven dollars before rallying back a bit on Thursday. What’s causing it? Market analysts have been struggling to find…
Global energy investment fell by 2 percent in 2017, the third consecutive year of a decline, according to the International Energy Agency, which sounded the alarm this week, warning…
How much oil from Iran will be disrupted because of U.S. sanctions? American officials have gone back and forth on this, but many of the people who decide how much…
Saudi Arabia has pledged to chip in $10 billion in funds to South Africa’s ailing power sector, according to a South African government spokesperson cited by CNBC. The funds…