News / International
OPEC Should Cut Oil Output, Libya Official Says
OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said.
Unplaced Nigerian Crude Expected to Flow to Europe
A glut of unplaced Nigerian crude is expected to flow to Europe hoping to find end user demand after weak buying from Asia for Nigerian and West African light sweet crudes over the past month has left a large overhang of March, April and May cargoes.
ExxonMobil Looks at Mergers and Acquisitions
US major has motive and firepower to gatecrash Shell’s bid for BG or swoop on other explorers
Oil CVs on the Rise, Oil Hiring in Decline
Current market conditions have caused global oil and gas professionals to remain cautious in the negotiating process, a report said, noting a continued scale back in hiring.
Islamic Finance, Iran Oil Bracing for Post-Sanctions Era
Few people are likely to be counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers.
Automation Lessons for Kuwaiti Oil from Emerson
Leading automation and technology services company Emerson Process Management recently signed a Memorandum of Understanding (MOU) with Kuwait Oil Company (KOC) to help develop the technical expertise of KOC's operations and maintenance staff.
Saudi Still Waiting for Non-OPEC Help, Moving into Shale
Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of the Organization of the Petroleum Exporting Countries (OPEC) joined the effort.
UAE Nuclear Power Project Earns More International Okays
The Emirates Nuclear Energy Corporation (Enec) recently received six international ISO re-certifications from Intertek
