Iraqi Oil Ministry said that it would consider selling its crude through Iran if the upcoming negotiations with the autonomous Kurdish region on an oil
Category: Oil
Canada Ponders Making Oil Firms Pay for Offshore Drilling
Canada is considering making oil companies pay for the contribution the country has to make to the International Seabed Authority (ISA) for far offshore drilling.
Iraq’s New Oil Minister Insists on Reviewing Oil Contracts
Iraq is to review deals with oil companies to cut the fees that the companies receive when oil prices are low, the country’s new oil
Venezuela Poised to Export Less Oil Next Year
Columbia University said earlier this year that Venezuela, a traditionally major player in oil markets, is poised to export much less oil next year due
Iraq Revamps Investment Deals to Boost Oil Output
Iraq has finalized deals with BP, Shell and Lukoil to provide a new impetus to stalled investments in oil fields that the companies are developing.
OPEC Sees Oil Market Rebalancing
Mohammad bin Saleh al-Sada, Qatar’s Minister of Energy and Industry, said yesterday (8 August) that the oil market was on the path to rebalancing despite
South African Refineries Operational Despite the Indefinite Strike
Production at South Africa’s oil refineries has been uninterrupted despite the ongoing strike by workers. Although the strike is indefinite and the union leaders consider
M&A Activity in the US Oil Industry on Rise
PricewaterhouseCoopers, a multinational professional services network, has said that deal-making activity regarding merges and acquisitions (M&A) in the US energy industry will likely accelerate in the second
Britain’s BP Likely to Cut its Investment Budget
Britain’s oil giant BP has published its second-quarter profits revealing that they plummeted by 45 percent as the global oil oversupply had dragged revenue and
Saudi Arabia Again China’s Number One Crude Exporter
Saudi Arabia has regained its position of China’s number one oil supplier after having been defeated by Russia in the second quarter of this year.