The U.S. government earlier this week (9 September) boosted its forecast for the next year’s oil production by a quarter of million barrels (bpd) per
Category: Oil
BP Faces a New Wave of Fines, Leading to Disinvestment
BP, sometimes referred to by its former name British Petroleum, the world’s sixth largest energy company by market capitalization, is facing a new batch of
North Dakota’s Well Count Soars
The number of wells drilled in North Dakota has risen to reach 15,000 for the first time, underlining the rapid development of the Bakken shale
Norway and Russia Strike an Oil Deal despite Sanctions
Russia’s number one crude oil producer Rosneft will do business with Norway’s North Atlantic Drilling Ltd (NADL) in return for shares in the company. Rosneft
U.S. Refiners Try to Go About the Jones Act
At the time when the U.S. oil condensate exports are heading to Asia from the Gulf Coast, crude oil producers and refiners are trying to
India to Pay Iran $1.65 Billion USD in Oil Dues
India is going to pay Iran about 1.65 billion USD in past dues for the oil that New Delhi bought through the central bank of
Libya Resumes Oil Shipments after a Year-Long Halt
Libya loaded its first oil shipment on Tuesday (12 August) from its port of Ran Lanuf since it was closed by insurgents a year ago.
Chad Plans to Sue China’s CNPC over Environmental Issues
Chad says that it will take China National Petroleum Corporation (CNPC) to an arbitration court in Paris after their mutual talks halted over Chad’s claim
Uncertainties about Russia’s Oil Deal with Iran
After several months of negotiations between heavily-sanctioned Russia and rouge Iran on possible cooperation in oil sector, the talks yielded a surprising outcome on 5
China to Let ‘Teapot’ Refiners Import Oil
About 90 percent of all China’s crude imports is covered by the two giant state-owned companies – PetroChina and Sinopec. China, being the world’s second