News / International
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.
Amec Wins 3-Year Oman Contract
Amec Foster Wheeler has been awarded a technical services agreement contract by Oman Oil Refineries and Petroleum Industries Company SAOC (Orpic) for the Mina Al Fahal Refinery and Sohar Refinery, Aromatics and Polypropylene plants, Oman.
Gazprom Conducting Seismic Surveys in North Iraq
Gazprom Neft Middle East, the operator of Gazprom Neft’s projects in Iraqi Kurdistan, is to conduct a 2D seismic survey on the south-eastern section of the Halabja block.
Iran Oil Stores Ready to Flood Market, Experts Says
Lifting oil sanctions on Iran could hit global markets long before the nation starts pumping more crude.
