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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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232019-10

38 Oil and Gas Discoveries Made in Q3
GlobalData revealed that a total of 38 oil and gas discoveries were made globally in Q3 2019.South America and Europe led globally with the highest number of o

212019-10

India eases rules for entry into fuel retail sector
India’s cabinet on Wednesday relaxed norms for setting up fuel stations in the country, the information and broadcasting minister said, a move that could

192019-10

Eni to Become Nigeria's Top Power Producer
Eni S.p.A. reported Wednesday that it has begun natural gas and condensate production from the Obiafu 41 discovery in Nigeria just three weeks after completing

172019-10

Uganda expects to start producing crude as early as 2023.
Uganda sees investors lined up for five oil blocks by the end of next year and expects to start producing crude as early as 2023.The landlocked East African na

152019-10

Russia's Jan-Sept HDPE output down 5% year on year
Russia’s January-September production of high density polyethylene (HDPE) fell by 5% year on year with three producers out of four reducing output, accord

132019-10

Ukraine-Russia gas relations to supply gas to Europe
It was reported earlier that Russia, Ukraine, and the European Union held technical consultations on October 21 in Brussels in the leadup to a trilateral meeti

112019-10

OPEC crude output to average 29.6m barrels a day: EIA
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) will average 29.6 million barrels per day (b/d) in 2020, down by 2.3 mill

102019-10

Sale of Asia Pacific assets will see ExxonMobil raising $5B
Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together,

082019-10

Spending in North American Oil Patch Set to Jump
oil-and-gas producers will likely spend 26% more than last year drilling in the North America than they did in 2018,compared to a 2.3% bump in spending internationally,according to a Barclays survery of industry executives.

072019-10

Saudi Oil Minister Says Oil Demand to Continue Growing
Saudi energy minister Khalid al-Falih said Thursday that demand for oil would continue to grow in 2019 and that markets will tighten in two to three years due to project delays.
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