Royal Dutch Shell Plc announced that it will not continue construction of its 80,000 b/d Carmon Creek thermal oil sands project in northern Alberta because of the lack of infrastructure to move Canadian crude to market
Saudi Arabia's plans to diversify its economy away from oil gained additional imputes with the announcement that the country's mining sector is set to triple by 2030.
Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development
Oman's top 100 energy sector stakeholders held a workshop Tuesday aimed at drafting the most-critical recommendations to be included in Oman’s 25-year energy master plan
Angola's Finance Minister announced that his country will meet with investors in the US and Europe starting October 26 to promote its first Eurobond sale
Vitol, the world's largest oil trader, has predicted that the price of crude will at the most waver around the $60 a barrel level next year, in part because of Libyan production,