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Oil & Gas
Libya offers first oil from Ras Lanuf Port since…
Libya’s National Oil Corporation has issued a tender to sell 1 million barrels of Amna crude oil from its major…
Combined geopolitical risks show US oil boom is real
Malaysia Flight 17 was shot down right at the border of Ukraine and Russia, right at the flash point of…
Kenya in drive to boost LPG: any lessons for Nigeria?
Kenya is looking for investors to construct liquefied petroleum gas (LPG) storage facilities and cylinder filling…
Mexico Senate approves energy reform bill
President Enrique Pena Nieto’s economic reform agenda received a boost as Mexico’s senate gave general approval to…
Mexichem to operate $650 million plant for Pemex
Mexican chemicals company Mexichem said it expects to start operating a $650 million cogeneration power plant for…
China oil demand hits 17 million tonnes
China’s implied oil demand rose in June to its highest level since January 2013 as crude runs hit a record high.…
Britain guarantees $394.2 million loan for Grangemouth…
Britain said it would guarantee a $394.2 million loan for Grangemouth petrochemical plant in Scotland, underscoring…
Saipem wins $600 million contracts in Brazil, Angola
Italian oil services company Saipem said it had won contracts in Brazil and Angola worth a combined $600 million.…
Halliburton gets boost from North America drilling
Halliburton reported a better-than-expected 10 percent rise in quarterly revenue, signaling an industry-wide…
Shell pulls out of Block-D license after dry well
Royal Dutch Shell has abandoned plans to explore for gas in Qatar’s Block D after recent drilling failed to turn up…
China, US to cooperate on strategic oil reserves
China and the United States have signed a preliminary agreement to cooperate on strategic petroleum reserves (SPR),…
Kenya to become oil producer by 2017
Kenya is expected to join the league of oil producing countries in Sub Saharan Africa by 2017, going by the efforts…