India Plans New Licensing Round On Revised PSC Norms
The new policy focuses on incentivizing increased investment and production.
April 18, 2019
International
Indian Refiners Turn To OPEC, Mexico, U.S. To Make Up Iran Oil Gap
OPEC and other producers including Russia have gradually tightened supply through 2019 to reduce a global glut. OPEC and its partners may not renew the curbs when they expire after June because of the risk of over-tightening the market.
April 17, 2019
Chevron Says Dutch Supreme Court Rejects Ecuador's $9.5 Billion Claim
Residents of Ecuador's Lago Agrio region have been trying to force Chevron to pay for water and soil contamination caused from 1964 to 1992 by Texaco, which Chevron acquired in 2001.
April 17, 2019
Renewables Industry Urges France To Raise Wind Project Targets
Although France has 15,100 MW of onshore wind capacity as it races to increase the share of renewables in its energy mix, offshore wind generation is still to take off with no single turbine on its coastline connected to the grid.
April 16, 2019
Nord Stream 2 Says Denmark Tries To Delay Pipeline As It Seeks Third Route Option
The 765 miles of pipeline, now under construction, has come under fire from the United States and several eastern European, Nordic and Baltic Sea countries which fear it will increase the European Union's reliance on Russian gas.
April 16, 2019
OPEC Could Raise Oil Output If Prices Increase, Shortages Mount
Venezuela output fall and Iran sanctions tightening market.
April 12, 2019
EU Official: Nord Stream 2 Delay ‘Trump Card’ In Gas Talks
Delays are an attempt to force Russia to the negotiating table with Ukraine on gas transit.
April 11, 2019
As Conflict Flares, What’s At Stake For Libya’s Oil?
As a major supplier of oil and gas to Europe and starting point for migrant flows into Italy, much is at stake if the country slips into further turmoil.
April 11, 2019
Transfer Of Rights Deal Opens Door For Brazil’s Biggest Presalt Auction Since Libra
The agreement is seen as a positive for Petrobras, the Brazilian government and companies wanting a chance to tap Brazil's presalt resources.
April 11, 2019
Putin Says No Imminent Decision On Oil Output Cuts
Russia undertook to cut its production by 228,000 bbl/d but has struggled to comply with the pact.
April 10, 2019