News / International
BP 2-Months Away from Finalizing TANAP Deal
British oil major BP expects to sign a deal with the Trans-Anatolian Natural Gas Pipeline (TANAP) project within two months to become a stakeholder in the multi-billion dollar project that aims to reduce Europe's reliance on Russian gas.
KrisEnergy De-Risking Vietnam Hydrocarbon Prospects
KrisEnergy has announced that the CGG Amadeus vessel has commenced a 570 square kilometre 3D seismic acquisition programme in the Block 120 exploration acreage offshore central Vietnam.
Prices, Laws and Inconclusive Results Drive Oil Firms Away from Kurdistan
In light of the current low oil price environment, lack of conclusive well results to date and the limited time remaining in the current period of the Production Sharing Contract (PSC) for the Dinarta licence, Hess and Petroceltic have jointly elected to withdraw from the Dinarta licence without any further drilling.
Price Prophecies from American ‘Peak Oil’ Tycoon
Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.
IGU Urges Europe to Diversify Their Gas Supply
International Gas Union (IGU) has said that they are advising European Union to diversify its sources of gas supply to secure its energy demand as tensions with Russia, which is one of the main suppliers of gas to Europe, escalate over Ukraine crisis.
Ukraine Struggles With Gun Control to Protect Oil Industry
Ukraine may cancel gun licenses for some security operators after billionaire Igor Kolomoisky’s private guards took control of the headquarters of the country’s oil pipeline operator last week.
UAE’s Iran Shah Gas Project to Begin Production this Year
The Shah gas project which began operations this year in the United Arab Emirates will achieve full production in the second quarter, earlier than expected
Balancing Physical Risks and Financial Gains Posed by Excess US Oil Storage
Just as Wall Street says the U.S. is running out of room to store oil, it turns out there’s another 20 million barrels of empty space.
