Representatives from about 15 European embassies were in attendance during a recent meeting of the Williamsport-Lycoming Chamber of Commerce to discuss lifting the ban of exports of U.S. crude oil and …
During the St. Petersburg International Economic Forum, Lukoil (ticker: LKOH) CEO Vagit Alekperov said that he expects oil prices to remain relatively stable moving forward. When …
Imports of medium-grade crude oil to Gulf Coast refineries were down 45% in the first quarter of 2015 compared with the first quarter of 2014, reports the …
Attendance at this year’s St. Petersburg International Economic Forum (SPIEF) is up from a year ago when many Western companies decided to decline invitations in the wake of Russia’s involvement in Ukraine. This year, many American companies have decided to …
Oil prices tumbled dramatically last year as global oversupply quickly outpaced sluggish demand. A decision from OPEC last November to maintain production levels despite the growing oil glut and defend …
The head of Russian oil major Rosneft (ticker: RNFTF) said that it is the United States, not OPEC, that calls the shots in global oil …
India’s Essar Oil (ticker: ESSAROIL) plans to sell a 50% stake, minus 1 share, to Russia’s oil giant Rosneft (ticker RNFTF) for $7-$8 billion, according to a report from the Economic Times. The deal would …
Petroleos Mexicanos (PEMEX) announced last week that the company made its largest discovery in the last five years. The four offshore finds are located in the southern Gulf of Mexico, in an area …
Indonesia will rejoin OPEC after leaving the organization in 2009, according to I Gusti Nyoman Wiratmadja Pudja, director-general of oil and gas at the country’s energy ministry. All of OPEC’s …
Attendance at Russia’s St. Petersburg International Economic Forum is up from last year after many Western companies decided to back out of last year’s conference …
The United States was awarded the banner of “Greatest Hydrocarbon Producer” in BP plc’s (ticker: BP) latest Statistical Review of World Energy. The achievement is considerable, but BP’s …
The United States’ first liquefied natural gas (LNG) export terminal is on target for completion by year-end 2015, and its operator, Cheniere Energy (ticker: LNG) is ramping up additional operations.…
OPEC’s decision last November to maintain production in the face of global oversupply came as a shock to many who expected …
ConocoPhillips (ticker: COP) has joined the ranks of oil majors saying “no more” to shale gas development in Poland. Tim Wallace, ConocoPhillips country manager in Poland, said the company would not continue shale gas development …
Israel’s Delek Group (ticker: DLEKG) and Texas based Noble Energy (ticker: NBL) announced the commercial viability of their natural gas project offshore Cyprus, according to a release …
As many experts predicted, OPEC decided to maintain its production ceiling at 30 million barrels per day (MMBOPD) at its June 5 meeting held in Vienna Austria. Brent and West Texas …
With all eyes peering toward Vienna tomorrow, analysts and experts are in near lockstep that OPEC will maintain production, with a few saying it may raise its cap …
Carigali-PTTEPI Operating Company (CPOC) announced this week that new chemical treatment and cooling technology that was installed on its
development platform in the Gulf of Thailand saved the company approximately …
The International Energy Agency (IEA) revised down its expectations for natural gas global demand growth to 2% from 2.3% a year ago in it its latest Medium-Term …
Russian state-owned oil giant Rosneft (ticker: RNFTF) was denied aid by the Russian Finance Ministry, according to reports from Russian news source Vedomosti…
India’s oil ministry announced that it expects natural gas output to rise by 50% to 146.87 million cubic meters per day (MMcm/d) by 2018-2019. A
large portion of this new production is expected …
Iraq’s oil production reached record levels in May. The country produced an average of 3.87 MMBOPD, the highest levels in decades, according to Bloomberg. This news comes just days before …
OPEC continued to increase production in May, following its November plan to defend market share. OPEC output increased by 67 MBOPD from April to …
The oil and gas world is not expecting to receive any groundbreaking news from this Friday’s meeting of the Organization of Petroleum Exporting Countries (OPEC). But the likelihood of all …
Greece missed its self-imposed Sunday deadline for reaching an agreement with its lenders for aid, putting pressure on the Euro. The missed deadline led to renewed fears in the market that Greece might default on its …
Venezuelan President Nicolas Maduro said that Russia’s top oil producer, Rosneft (ticker: RNFTF), agreed to invest around $14 billion in the South American OPEC country’s oil and gas sector. Maduro met with Rosneft …
Tokyo Gas, Japan’s largest gas company, would like to build a …
China’s state-owned China National Petroleum Corp. (CNPC) discovered more than 100 million metric tons of tight oil geological reserves in its Changqing field, according to a report by Reuters. Converted to barrels of …
Iran plans to raise oil output by 170 MBOPD by the end of the current Iranian year, which ends on March 20, 2016, the official IRNA news agency cited an Iranian …
Norway state-owned gas operator Gassco reported that the country exported 29.2 Bcm of gas to western Europe in the first quarter of the year, overtaking Russian exports to Europe …
