Canada Upgrades Its Oil Forecast for 2017
The Petroleum Services Association of Canada (PSAC) has upgraded its 2017 oil and gas well drilling estimates by 23 …
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US President Trump to Revive the Keystone XL
US President Donald Trump wants to revive the Keystone XL oil pipeline as a major move under his “America …
Market Update: Oil Prices Rising as OPEC Production Falls
Oil prices have been on the rise since major crude producers painstakingly tightened their output in support of the …
Exxon Expand Operations in West Texas and New Mexico
Exxon Mobil Corp. is the latest company to join the energy firms in race to build up drilling portfolios …
Venezuela’s PDVSA Projects a Bad Year Ahead
Venezuelan state-run oil company PDVSA expects that 2017 will remain to be a challenging year with more economic hardship …
Market Update: Oil Freeze Hard to Keep as Prices Sink Again
Oil prices went down earlier this week after Libya, which has an exemption from output cuts, had increased its …
Lebanon About to Kick-Start Its Offshore Gas and Oil Production
Lebanon is planning to kick start its oil and gas industry by rekindling its licensing process with the aim …
Iran’s Comeback: Teheran Luring International Oil Giants
Iran has granted 29 energy firms from more than a dozen countries a permission to bid for oil and …
Exxon Announces New Natural Gas Discovery in Papua New Guinea
Exxon Mobil Corporation announced yesterday (28 December) a new natural gas discovery in Papua New Guinea. The company said …
Market Update: Asian Buyers More Than Double Their Oil Imports from Iran
Iran’s November exports to its four major Asian customers more than doubled for a second straight month from a …