Middle East oil prices weaken as regional supply outpaces demand
(Bloomberg) – The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to signs of a softening global picture that’s weighed…
India Greenlights First-Ever Coal Exports Policy
India’s government approved on Friday auctions for coal that buyers could use for industrial activity and exports in yet another reform in the vast coal sector. The government endorsed the…
Russian Fuel Shipments from Black Sea Ports Plunged in November
Russia’s shipments of refined petroleum products inched down by 0.8% in November compared to October as a plunge in exports from the Black Sea ports was offset by a jump…
Historic Bill Opens India’s $214 Billion Nuclear Sector to Private Firms
India’s government on Friday approved the landmark Atomic Energy Bill, which would allow private companies to invest in its nuclear energy industry for the first time, as the country looks…
Russia’s Oil and Gas Revenues Set to Plunge 50% to Five-Year Low
Falling oil prices and strengthening Russian currency are set to slash Russia’s oil and gas revenues by nearly 50% in December from a year earlier, to the lowest level since…
Analyst Looks at Natural Gas Price Moves
In a natural gas focused EBW Analytics Group report sent to Rigzone by the EBW team on Friday, Eli Rubin, an energy analyst at the company, warned that late December…
Explosion at Critical Nigerian Gas Pipeline Disrupts Operations
An explosion occurred earlier this week at a key onshore natural gas pipeline in Nigeria, disrupting operations at the link shipping gas to industrial users and power plants, Nigeria’s state…
UK North Sea M&A Spree Continues
Harbour Energy, one of the biggest independent oil and gas producers in the UK North Sea, said on Friday it would buy all the subsidiaries of Waldorf Energy Partners Ltd and…
The U.S. Is Preparing to Seize More Tankers Carrying Venezuelan Crude
The United States plans to seize more tankers carrying Venezuelan crude, Reuters reported today, citing unnamed sources who said there was already a list of vessels targeted for seizure. Earlier…
Wood to support Rio Grande LNG under new contract
Global engineering consultancy Wood has been awarded a ten-year maintenance contract with liquefied natural gas company NextDecade for its Rio Grande LNG export facility in Brownsville, Texas. Under the contract,…
