Strong economic growth is what’s really driving demand at levels much higher than recent history.
Read More »Exxon is Dropping its Arctic Joint Venture with Rosneft
Rosneft is active in eastern Siberia while Exxon has been announcing discovery after discovery from its offshore licenses in Guyana.
Read More »Total boss Ready to Take Risks
Part of Pouyanne’s justification for expanding in politically risky countries could be the way Total sees future oil consumption playing out.
Read More »OPEC Sacrificed Venezuela and Angola for the Greater Good
The fall in oil prices had an immediate and dramatic impact on drilling activity.
Read More »Saudi IPO May Be Delayed Until 2019
Officials and advisers involved in the process have also explored the possibility of not taking Aramco public at all.
Read More »OPEC Divided on the Right Price for Oil
Iran wants to see $60 a barrel to rein in shale producers. while Saudi Arabia’s budget needs $70.
Read More »Oil Industry Relationship with Trump Cooling Off
Steel tariffs. jousting over NAFTA and wariness about regulation rollbacks are making oil and gas executives nervous.
Read More »Iran: OPEC could Agree in June to Start Easing Oil Output Cuts in 2019
Iran will press for carefully bringing back some of its own production.
Read More »Saudi`s Shale Revolution
Aramco is currently drilling for gas in Jafurah and in South Ghawar. the world’s largest oil field.
Read More »Iraq Plans New Basrah Crude Oil Export Grade
Iraqi oil production has remained stable at 4.36 million b d from September to February.
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