10 Countries that Are Running Out of Oil

1. Colombia Production (1,000 b/d): 1,005.6 Proven reserves (millions of barrels): 2,308 Years of production left at current level: 6 years 2015 import of crude oil (1,000 b/d): – 2015 import of...

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President-elect Donald Trump nominee ExxonMobil CEO Rex Tillerson for Secretary of State

President-elect Donald Trump nominee ExxonMobil CEO Rex Tillerson for Secretary of State President-elect Donald Trump nominee ExxonMobil CEO Rex Tillerson for secretary of state, beating out a...

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International SAP Conference for Oil and Gas

Powering the Next Generation  T.A. Cook Conferences and SAP are delighted to announce that the 5th International SAP Conference for Oil and Gas will take place on 28-30 March, 2017 in Lisbon,...

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The SPE International Heavy Oil Conference & Exhibition opens under the patronage of HE Anas Al-Saleh, Deputy Prime Minister, Minister of Finance, and Acting Minister of Oil, KUWAIT

Kuwait City, Kuwait, 7 December 2016 – The third edition of the SPE Heavy Oil Conference and Exhibition taking place at the Hilton Kuwait Resort welcomed 781 delegates from 128 companies and 28...

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UAE’s Dana Gas to review Egypt investment

Dana Gas will review its 2017 investment plans for Egypt if the later doesn’t repay the full amount it owes the UAE-based energy firm by the end of 2016, its chief executive “Patrick...

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Oil may rise to $55 if all producers cooperate, says Iran

Oil may rise to $55 if all producers cooperate, says Iran  Iranian Oil Minister Bijan Zanganeh expressed optimism about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if...

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Saudi energy minister urges OPEC to cut output to 32.5 mln bpd

Saudi Energy Minister Khalid al-Falih told Al Arabiya News Channel that OPEC should cut oil output to 32.5 million barrels per day (bpd), the lower end of a previously agreed range, to balance the...

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Russia: “OPEC” can reach a deal by the end of November

Russian energy minister, “Alexander Novak,” said after a meeting with his counterparts in “OPEC” countries, it has increased confidence in the possibility of reaching an...

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Bahrain’s “Bapco” in talks for refinery expansion

Bahrain Petroleum Company (Bapco) is in talks with export credit agencies (ECAs) to finance the expansion of its (Sitra) oil refinery, a project estimated at around $5 billion, according to sources...

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