Energy Geopolitics: Iran’s Global Oil Comeback Not Happening
Analysts were expecting Iran’s oil-and-gas industry to take off following the relaxation around the nuclear deal. Instead, the anticipated …
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Exxon Forced to Halt Exploration in Russia’s Siberia Due to Sanctions
US sanctions against Russia prevented Exxon Mobil Corp from proceeding with its ambitious projects to explore the north of …
Gazprom Cut Off Gas Deals with Ukraine, Europe-Bound Shipments Still Secure
Ukraine has not been supplied any Russian gas for more than two years but was about to receive new …
‘Crimea’s Effect’: Naftogaz to Pay Gazprom $2.56 Billion in Court Settlement
Ukrainian state-run energy company Naftogaz said that Russia’s giant Gazprom would have to pay it $2.56 billion after a …
Geopolitics of Energy: Egypt to Buy $15 Billion Worth of Israeli Gas
Investors in Israel’s natural gas industry gave a green light to a deal to supply an Egyptian company with …
Market Update: Saudis Remain Committed to Oil Output Cut Deal
Saudi Arabia is committed to sticking with the petroleum output freeze for the remainder of this year even if …
Market Update: China Inks a Long-Term Deal to Import American LNG
China has entered its first long-term deal to import US liquefied natural gas, following a move by the White …
Building Pipeline Controversies: EIB Earmarks €1.5bn for Southern Gas Corridor
The European Investment Bank (EIB) is going to invest €1.5bn in a natural gas pipeline connecting Italy, Greece, and …
Turkey Stops Cypriot Drill Ship in East Mediterranean
Cyprus yesterday (11 February) accused Turkey’s military of obstructing the vessel “Saipem 12000” contracted by Italian oil firm Eni …
California to Block Trump’s Costal Oil Drilling Plans
California is not going to allow transportation through its state of petroleum from new leases off the Pacific Coast. …