Major US Refinery Shuts Down; Creates Oil Glut and Gasoline Dearth
A large gasoline refinery in the US state of Indiana has shut down for repairs after technicians discovered leaking pipes, Bloomberg
Croatian Oil Services Worker Reportedly Beheaded By ISIS
Tomislav Salopek, a Croatian man employed by French petroleum geosciences firm CGC has reportedly been beheaded by ISIS-affiliated militants in Egypt’s Sinai peninsula, the Independent
Norway’s Economy Follows Oil Price
The economy of Norway is a “train wreck in slow motion,” according to Svenska Handelsbanken AB, reported Bloomberg. Norway is western Europe’s largest oil producer, with hundreds of offshore platforms and fields in t ...
Uganda Bid Round Meant to Launch Country as Major Oil Producer
The Ugandan government announced on Tuesday that it had authorized 16 international firms to bid for oil exploration rights in six blocks
Iran Mulling Tempo of Long Awaited Return to Global Oil Marke
A World Bank report warned that the lifting of Iran sanctions would add about a million barrels of oil a day and so depress oil prices by a further $10 per barrel next year
Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves
The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt
Chevron’s Profits Down, Complications with Concessions
After posting higher profits than any other oil major last year, Chevron’s stock has badly slipped in 2015—down more than 30%,
Sea Dragon Producing a 1000 Barrels from its Petroamir Concession
Ahmad Farid Moazz, general manager of the Canadian oil exploration company Sea Dragon operating in Egypt, confirmed that the company’s total production is currently at 1,000 b/d.
Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting
Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported.
