South Korea increases oil imports from Iran in post-sanctions era January 16, 2017 // 2 Comments Figures released by South Korea’s customs office showed that the country’s oil imports from Iran in 2016 was more than [...]
Angola reduces oil output to meet OPEC cut deal as Iran ups crude exports January 9, 2017 // 4 Comments The South African nation of Angola, a member of the Organization of Petroleum Exporting Countries (OPEC), said it will only [...]
Egypt signs offshore oil & gas exploration, production deals worth US$220 mn January 4, 2017 // 3 Comments Egyptian Petroleum Minister, Tareq el Molla, has signed three offshore oil and gas exploration and production agreements [...]
OPEC, 11 non-OPEC states begin six-month oil output cuts January 2, 2017 // 6 Comments Member states of the Organization of the Petroleum Exporting Countries (OPEC) along with 11 major non-OPEC oil producing [...]
ExxonMobil makes new natural gas discovery in Papua New Guinea well December 30, 2016 // 4 Comments International oil and gas company ExxonMobil announced a new natural gas discovery in the Muruk-1 exploration well in the [...]
Iran plans to further increase oil sales to BP, Shell in the near future December 30, 2016 // 2 Comments According to Director for International Affairs of the National Iranian Oil Company (NIOC), Mohsen Qamsari, global energy [...]
Mexico announces double-digit gasoline, diesel price increases December 28, 2016 // 1 Comment Mexico recently announced double-digit price increases for gasoline and diesel that will be implemented starting January 1, [...]
Woolworths sells Australian fuels business to BP for A$1.8 bn December 28, 2016 // 1 Comment Woolworths Ltd. is selling its fuels business unit with a portfolio of more than 500 gas stations across Australia to [...]
Statoil’s North Sea Troll B platform reaches one bn boe production milestone December 21, 2016 // 2 Comments Norwegian multinational oil and gas company Statoil announced that its Troll B platform, located in the North Sea, has [...]
Offshore drilling in parts of Atlantic, Arctic to be banned by Obama December 21, 2016 // 2 Comments US President Barack Obama is planning to ban offshore oil and natural gas drilling in some parts of the Atlantic and Arctic [...]