Venezuela Suspends 19 Oil Production Contracts
Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the Orinoco Belt, and several…
Oil Market Is Nervous for the Coming Weekend
In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone by the SEB team on Friday, SEB chief commodities analyst Bjarne Schieldrop and SEB commodities analyst Ole R. Hvalbye…
Oil Prices Set for Weekly Decline as Risk Premium Eases
Crude oil prices were on course for their first weekly decline in four weeks as the United States and Iran signaled they were willing to continue negotiating instead of escalating…
Britain Reconsiders 78% North Sea Oil Tax as Investment Slows
The UK may be quietly inching toward an awkward admission: the windfall tax experiment on oil and gas has been a flop. The Treasury is holding talks with North Sea…
