As southbound pipeline capacity is built and there's less demand in the Midwest, West Texas Intermediate will stabilize and trade at about $7/b under Light Louisiana Sweet, an industry expert said at an event Friday. Less demand for WTI, ...
Tags: Pipe Capacity, pipeline, Midwest
The Russian government's energy commission will discuss licensing issues, including changes to the license for the Trebs and Titov field, as well as ways to tackle oil spills at its next meeting, likely to take place in February, Russia's ...
Tags: energy, licensing issues, Russian government
The United Kingdom’s Trade Minister Lord Green met with local business leaders, British company executives, as well as the Iraq Britain Business Council representatives in Basrah today (23rd). The hour long meeting focussed on the ...
In 2011, the United States became the world’s largest producer of natural gas, growing by 7.7% between 2010 and 2011. That represented the largest volumetric increase in the world, according to BP’s Statistical Review of World ...
Tags: natural gas, Natural Resource, gas industry
BP said Monday it was too early to estimate when it could restart gas flows from its In Amenas fields in eastern Algeria two days after Algerian forces ended a bloody hostage crisis at the desert gas plant. "Production from the plant ...
Tags: BP, gas, Algerian Gas Plant, gas industry
Reuters has reported that BP will undertake work to arrest declining production at the Kirkuk oilfield, in a move that has outraged the Kurdistan Regional Government. Abdul Mahdy al-Ameedi, head of the oil ministry’s Petroleum ...
Tags: Tensions, BP, Kirkuk Deal
The Kurdistan Regional Government is proud of the achievements of its oil and gas industry since the fall of the former regime in 2003. It expects the federal government of Iraq to be proud of them, too. Since oil exports from the ...
Tags: KRG, Baghdad, Oil Policy
BP on Wednesday raised its estimate of global energy demand in 2030 and predicted that shale natural gas, tight oil and biofuels will play an increasingly important role in meeting the world's energy needs. World energy demand will ...
Tags: BP, global energy demand, natural gas, oil, biofuels
The newly appointed chairman of Indonesia's special taskforce for the upstream sector will focus on various issues during his tenure, among them increasing oil and gas production and boosting reserves, he told Platts Monday. Rudi ...
Tags: Indonesia, Skkmigas, Oil, Gas Production
North Slope crude oil production for the last six months has been trending below levels forecast by Alaska's revenue department, according to production data made available by the department Friday. Production has averaged 513,629 b/d for ...
Tags: Alaska, Oil Production, Mineral
Crude oil production by Norway, the world's eighth largest exporter, is expected to fall 4% in 2013 to 1.47 million b/d, from 1.53 million b/d in 2012, the Norwegian Petroleum Directorate said on Friday. The NPD also said it expected gas ...
Production from wells in Shell's ultra-deepwater Perdido Hub in the US Gulf of Mexico is now reaching over 115,000 b/d of oil equivalent, nearing total capacity, Shell Oil President Marvin Odum said Wednesday. "The project is doing ...
Tags: oil equivalent, oil, natural gas, gas
Norway's Statoil and its partners are going ahead with the development of the major Aasta Hansteen natural gas field project in the Norwegian Sea, as well as the planned Polarled pipeline linking it to shore, at a combined cost of NOK57 ...
Tags: Statoil, natural gas field project, gas, deepwater field
Woodside Petroleum's Browse LNG project could end up being developed in a lower-cost environment after 2014, now that the joint venture partners are aligned for the first time, analysts at the Hong Kong office of Bernstein Research said in ...
Tags: Woodside Petroleum, Browse LNG project, commercial development
WesternZagros Resources has announced the appointment of Mr.William(Bill)Jack to the position of General Manager Kurdistan,to be resident in Iraqi Kurdistan,effective February 1,2013. This appointment follows the decision by Mr.Ian ...
Tags: WesternZagros Resources, General Manager, Mr.Ian McIntosh