The American energy giant Exxon Mobil is trying to get a waiver from the US Treasury Department from the sanctions on Russia in a bid
Tag: Russia
Qatar Re-Launches Development of the World’s Biggest Gas Field
Qatar has lifted a self-imposed ban on the construction of the world’s biggest natural gas field as it looks to see off an anticipated increase
Market Update: Iraq to Fully Comply with OPEC Production Freeze
Iraq has pledged to fully comply with the agreement to cut oil supply in order to prop up crude prices, OPEC Secretary General Mohammed Barkindo
Channeling Progress in Central and South East European Energy Market Integration
Central and South Eastern European countries have often been exposed to gas supply crises. The most serious one was the 2009 Russia-Ukraine gas dispute in
Market Update: OPEC’s Output Cut Not Working as Expected
OPEC’s efforts to tame global oversupply of oil and gas have so far had a little effect as demonstrated by the fact that Asia is
Iran Discovers New Shale Oil Reserves and Ponders Boosting Gas Exports
Iran has found new shale oil reserves in its western province of Lorestan. The state-run National Iranian Oil Company (NIOC) said that the new discovery
Venezuela’s PDVSA Late on Oil Shipments to Russia and China
Venezuela’s state-run oil company, PDVSA, has for months been unable to deliver the shipments of crude and fuel in a timely manner under oil-for-loan deals
Venezuela’s PDVSA Projects a Bad Year Ahead
Venezuelan state-run oil company PDVSA expects that 2017 will remain to be a challenging year with more economic hardship likely coming along its way. The
Market Update: Oil Freeze Hard to Keep as Prices Sink Again
Oil prices went down earlier this week after Libya, which has an exemption from output cuts, had increased its production by more than a factor
Trapped PotashCorp Miners Safe Home for Christmas
More than 100 workers who had been trapped at PotashCorp’s Allan mine located in Saskatchewan are now safe at home. The miners were trapped underground