Middle East

Discoveries , Seismic

Eni Makes Gas, Condensate Discovery In The UAE

Eni has made a gas and condensate discovery in the Mahani exploration prospect located onshore in the Area B Concession of Sharjah (UAE) on Jan. 27, which was awarded to Eni in the first International Competitive Exploration Licensing Round conducted by the Petroleum Council of Sharjah.

January 27, 2020

Highlights , Shale Plays

Best Of This Week’s Drilling Activity Highlights (Jan. 24, 2020)

A Marcellus Shale discovery by EQT, Marathon’s Upper Three Forks completion and two horizontal Woodford producers top this week’s drilling activity highlights from around the world.

January 24, 2020

Crude Oil , Trade , International , Pipelines

Oil Prices Rise As Libya Declares Force Majeure On Oil Fields

Two major oil fields in southwest Libya began shutting down on Jan. 19 after forces loyal to Khalifa Haftar closed a pipeline, potentially cutting national output to a fraction of its normal level.

January 20, 2020

Crude Oil , Trade , International

Opinion: Three Reasons Why WTI Crude Oil Could Reach $70

Crude oil once again takes center stage with WTI spiking to a three-month high after recent events renewed tension in the Middle East.

January 16, 2020

Investment , International

As Aramco Hails Record IPO, ADNOC Whips Up $19 Billion In Foreign Investments

Unlike Saudi Aramco's push for a giant stock market listing, which has been highly publicized and closely watched, ADNOC has gone for a more staggered approach with its fundraising efforts.

January 15, 2020

Crude Oil , Policy & Regulations , Trade

OPEC Expects Lower Demand For Its Oil As US Hits New Milestone

OPEC expects lower demand for its crude oil in 2020 as rival producers grab market share and the U.S. looks set for another output record.

January 15, 2020

Investment , Exploration & Production , Crude Oil , Trade , International

IPTC: All Eyes On US Shale, Says Bahrain’s Oil Minister

Speaking during the opening day of IPTC, Bahrain Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa also said he sees producers challenged by rising energy demand in the future.

January 14, 2020

Crude Oil , Trade , International

Iran Unlikely To Target Strait Of Hormuz Over Soleimani Killing

China, which is increasing its influence in the region and buys 50%-70% of Iranian oil exports, would be opposed to any interruption of energy flows through the Strait of Hormuz.

January 13, 2020

Public Capital

Saudi Aramco Raises IPO To Record $29.4 Billion

Saudi Aramco initially raised $25.6 billion, which was itself a record level, in its December IPO by selling 3 billion shares at 32 riyals (US$8.53) a share.

January 13, 2020

Crude Oil , Trade , International , Shale Plays

Opinion: Why America Has Less To Fear From An Oil Shock

The homegrown energy boom in the U.S. has reduced its vulnerability.

January 10, 2020