New head of the International Renewable Energy Agency starts his four-year term Abu Dhabi, United Arab Emirates, 4 April 2019 – Today, Francesco La Camera took office as the Director-General of...
Read moreQatar’s energy minister said on Saturday he was optimistic that extending a global oil supply cut beyond June would improve market stability, and that there was merit in continuing the curbs...
Read moreReuters said that Saudi Arabia – the largest oil exporter in the world – cut a long way in the race for market share in Asia after it agreed some days ago to inject seven billion dollars in a...
Read moreThe Abu Dhabi National Oil Co. (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, according to the Middle East news service MEED. ADNOC...
Read moreWith energy playing a dominate role in national finances, Russia’s deputy prime minister said Friday an economic contraction is possible for this year. “Speaking about most short-term...
Read moreMost companies are currently focused on surviving at US$30/bbl by cutting costs and activity, but the industry also needs to start adapting for the longer term, according to a report by Wood...
Read moreThe Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group President Emmanuel Ibe Kachikwu said after the December meeting of OPEC...
Read moreOman succeeded reversing its oil output decline in 2008 by making new discoveries and using technology to improve recovery of oil from aging fields. Production increased from 710,000 b/d in 2007...
Read moreThe United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves to approve liquefied natural gas...
Read moreThe Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail and Eni’s CEO, Claudio Descalzi, signed a head of agreement aimed at the development of the oil and gas resources of the...
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