The rival government controlling Tripoli, Libya’s capital, announced its own policies last week, thus putting itself in the opposition to Prime Minister Abdullah al-Thinni who
Category: Oil
Kuwait to Challenge Saudi Arabia in a Battle for Asia’s Oil Market
Kuwait seeks to challenge its traditional Gulf ally and bigger neighbour, Saudi Arabia, in a contest over market share in Asian oil markets. The battle
Washington Does Market Research on Oil Companies ‘ Export Plans
The U.S. government has pursued a research among energy companies asking them to fill in a one-page questionnaire about their plans to market oil on
Encana Corp Snaps Athlon Energy Inc for $5.93 Billion in Cash
Canada’s Calgary-based company, Encana Corporation, a producer and transporter of natural gas, oil, and natural gas liquids, announced it would buy Athlon Energy Inc, an
First Alaskan Crude in a Decade Headed for South Korea
The first American export of Alaskan crude oil is heading for South Korea for the first time in more than ten years. The tanker set
Statoil Puts Off its Sand Oil Project, Opponents to Keystone XL Pipeline Celebrating
Last week, Stavanger-based oil company Statoil said it would put off its 40,000-barrel-a-day Corner project for a minimum of three years, possibly also indefinitely. Thus,
First Crude Oil from Western Canada to Reach Europe
Suncor Energy Inc, Canada’s largest oil and gas producer, has sent its first ever tanker of heavy crude oil from Canada’s East Coast to Europe.
Exxon Mobil Given More Time to Stop Drilling in Russia
Exxon Mobil announced on Friday (19 September) that it would wind down some of its operations connected to drilling in Russia’s Arctic after the Western
Cheaper Oil Not Bad for the Gulf Countries
Decreasing oil prices are not expected to harm the economic growth in Arab countries. In contrast, some economists believe that they might be in fact
OPEC Expected to Lower Production Target
The secretary general of the Organization of Petroleum-Exporting Countries (OPEC), Abdullah al-Badri, said that his organization was planning to lower its production objectives during its