News / International
Frustrated with diplomacy, some in Congress seek total ban on Iran’s oil
After failing to halt Iran’s nuclear advances with harsh economic sanctions, a group of U.S. lawmakers and analysts is proposing a more drastic remedy: cutting off Iran entirely from world oil markets. OPEC oil output rises from lowest in over a year
OPEC crude oil output has rebounded in April from its lowest monthly level in more than a year due to the resolution of export disruptions in Iraq and Libya and a rise in Iranian sales, a Reuters survey found. Obama Seen Expanding Natural Gas Exports on Production Records
As the U.S. sets records for natural gas production, the specter of shortages and surging prices has been replaced by a debate over how much to sell overseas. The bounty has fueled speculation President Barack Obama is ready to expand exports. SAIPEM: New E&C Offshore contracts worth $500 million in Latin America
Saipem has been awarded new E&C Offshore contracts in Latin America for the total value of approximately $500 million. UAE targets up to 25% of energy from nuclear by 2021 – Oil minister
The United Arab Emirates is planning to get up to 25% of its power from nuclear energy by 2021 as it looks to reduce its domestic reliance on fossil fuels and ensure it has enough oil to export as its economy expands, the country's new energy minister said Monday. Saudi Arabia to Drill for Shale Gas This Year
Saudi Arabia signaled Monday that it intends to remain a world energy powerhouse for the foreseeable future, partly by exploiting new technology which has unlocked vast quantities of oil and natural gas in North America. Adnoc Selects Shell to Operate Bab Gas Field
Abu Dhabi National Oil Co., or Adnoc, has selected Royal Dutch Shell PLC to operate the strategically important Bab sour-gas field, the International Oil Daily reported Tuesday, citing industry sources. Iran says gas export revenues to double
Iran's gas export revenues are predicted to double once gas exports to Pakistan, Iraq, and some European countries start, the Mehr News Agency quoted Iranian deputy oil minister Javad Oji as saying. 
