The Trump administration started this week by imposing sanctions on Venezuelan state-owned oil company PDVSA with the intention of curbing the country’s crude exports to
Category: Oil
Energy & Environment: Investigation Underway After BP Gas and Oil Spill in Alaska
Authorities in the US state of Alaska are going to look into all of the oil and natural gas wells operated by BP following the
Venezuela Taps for Inexperienced Firms to Boost Oil Production
The Venezuelan state-run oil company Sargeant and Petróleos de Venezuela, S.A., known as PDVSA, has signed a contract with the US energy firm Erepla to
OPEC Deal Update: Saudi Arabia Slashes Oil Production, US Exports Most Affected
Saudi Arabia has cut crude exports and the initial evidence hints that the biggest slash is being made in deliveries to the United States. Moreover,
Geopolitics of Energy: Iranian Crude Exports Put to Zero
All countries that were given waivers from the United States to continue buying Iranian crude are nevertheless complying with American sanctions, Tehran said and added
Nigeria to Boost Oil Production as OPEC Cuts Start
Nigeria had upped its oil production days before OPEC’s output cuts started on 1 January. France’s Total had started oil production from Nigeria’s ultra-deepwater oil
African Energy: Libya’s Sharara Field to Reopen After Popular Protests
Earlier this month, Libya’s state-owned National Oil Corporation (NOC) declared force majeure on the running of the biggest oilfield in the country, Sharara oil field,
NOPEC Taking Gloves Off: Qatar Set to Pump $20 Billion into US Oil & Gas Sector
Qatar Petroleum (QP) is about to invest at least $20 billion in the United States, the company’s CEO Saad al-Kaabi said after Qatar unexpectedly announced
US as World’s Top Oil Producer: What’s Next in 2019?
This year, the United States became the world’s largest oil producer. Oil is currently trading at around $50 a barrel, which could be considered as
2018 Market Update: United States Rises to World’s No. 1 Oil Producer
The United States is producing oil at record levels – 10.88 million barrels per day – and the country will end this year as the