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Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela.
Read More »Chevron Seeks Relief from Trump`s Venezuela Oil Sanctions
Qatar Fights for LNG Dominance
Qatar is taking steps to proactively develop its solar power generation.
Read More »OPEC Oil Output Set For Drop Despite Saudi Production Boost
OPEC’s oil production dropped to a 2015 low of 30.17 million bpd in May.
Read More »US Crude Oil Production Records High In March
U.S. monthly output peaked at 11.966 million bbl d in December.
Read More »Global Crude Production Drops Sharply Over Last Six Months
From Russia to Saudi Arabia. Iran to Venezuela. the list of crude oil supplies being curtailed or disrupted around the world is growing longer by the month.
Read More »Falling Russian Crude Output Lifts Brent Oil Prices
Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue.
Read More »Norwegian Oil Patch Ramps Up Spending To Counter Decline
Norway’s oil and gas companies plan to spend 17 percent more this year. at about US$21.11 billion as they step up their exploration.
Read More »The Second Machine Age Could Crash Oil Prices
Forecasters at these major oil organizations simply do not understand that we are in a new age of rapid technological advancement and innovation.
Read More »The Single Biggest Challenge For The Oil & Gas Industry
New oil and gas discovered through high-impact drilling fell by as much as 50 percent between 2014 and 2018.
Read More »Iran`s Oil Clients still Bargaining for Oil Waivers
The demand for oil is much higher than its current level of production.
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