- Five Major Challenges Facing The Energy Industry
- Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head
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232019-04
- IEA Says Oil Market Tightening
- (Bloomberg) -- Global oil markets are tightening as OPEC supply falls, the International Energy Agency said, while warning it could lower demand forecasts bec
182019-04
- Saudi Arabia considers abandoning Dollar in oil trading
- The relationship between the United States and Saudi Arabia is always inseparable from the topic of oil.As the cornerstone supporting the international status
182019-04
- The supply and demand side is good to boost the international oil price
- Due to the oversupply concerns, the international oil price rose significantly in the first quarter of this year, and continued to rise since April, once break
162019-04
- ukraine-launches-tender-offering-for-dolphin-block-in-black-sea
- The Ukrainian government has launched a public tender for the Dolphin offshore block under a production-sharing agreement, covering 9,496 sq km of the northwestern part of the Black Sea’s continental shelf.
Interested parties have 60 days to submit applications to PSA Interagency Commission. Winning bidders will be notified by July. Prospects already discovered within the block are Zonalna, Myrna, and Charivna.
The PSA duration is 50 years. Bidders must provide a minimum financial commitment of $55.5 million throughout the 5-year exploration period. A minimum work program requires drilli
152019-04
- US Has Net Loss of Three Rigs
- Coming off a week of adding 19 oil and gas rigs, and the first rig increase in seven weeks, the U.S. had a net loss of three rigs this week, according to wee
152019-04
- Chevron Expands Elite Group with Anadarko Deal
- Chevron Corp. enters a more elite group of oil and gas firms with its $50 billion cash-and-stock deal to acquire Anadarko Petroleum Corp. (APC), according to
122019-04
- Crude Oil Crosses Threshold
- After spending a few days wavering, May West Texas Intermediate (WTI) crude oil futures finally exceeded a significant price threshold Wednesday. The contract
122019-04
- International oil price broke $70
- International crude oil prices hit a new high in April, breaking through the $70 markIn the past six months, international oil prices have been ups and downs. H
122019-04
- US crude oil production once again comes first in the world
- According to Union Morning Paper reported, the latest report released by the US Energy Information Administration shows that US crude oil production jumped to
122019-04
- Japan is forced to suspend Iran’s oil imports again
- Because Japan temporarily obtained pardon treatment in the US sanctions against Iran, but with the hope of this treatment extended, Japanese companies will st
