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Category Archives: Oil Resources
India Announces Stake in ConocoPhillips Kashagan Project
ConocoPhillips (COP) who was looking to sell its 8.4% interest in the troubled Kashagan oil field in Kazakhstan has finally found an Indian buyer. Oil & Natural Gas Corp. (ONGC), the Indian oil state group has announced its biggest overseas acquisition … Continue reading
Saudi Arabia Confident Of Meeting Oil Demand
Saudi Arabia is taking pride in keeping oil prices stabilized for global economic growth despite a halving of Iranian exports because of oil embargo. It is also confident that the kingdom will meet present and future demand for oil, easing … Continue reading
Posted in Oil Prices, Oil Resources
Tagged Ali Al- Naimi, oil demand, Oil Prices, oil supply, OPEC, Saudi Arabia
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US Exempts India and 6 Others from Iran Oil Sanctions
US government granted exemptions to India along with 6 other countries including Malaysia, South Africa, Sri Lanka and Taiwan from Iran Oil Sanctions.
Posted in News, Oil Investments, Oil Prices, Oil Resources
Tagged China, Iran, Oil, Oil economy, Oil Industry, Oil Prices, Prices on oil, sanctions, United States, US, US economy
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“Black Out Speak Out” Protest Against Canada’s Pro-Oil Stance
Not a while ago, Canada was a pioneer for environmental conversationalists, tackling sensitive issues like acid rain, depleting ozone layer and biodiversity. But that doesn’t seem to be the case today. Hundreds of environmental and activist websites backed by U.S.-based … Continue reading
California Sees Rise in Oil Prices
According to the California State’s Energy Commission, there were 14 refineries that produced the state’s expensive blend of gasoline. but now remain only 12, reveal the officials. The survey done this year shows that the state had about 6.61 million gallons … Continue reading
Posted in News, Oil Prices, Oil Resources
Tagged Oil, Oil economy, Oil Prices, Prices on oil
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Nigeria Plans to Increase Crude Oil Capacity to 4m bpd
An oil installation belonging to Shell Petroleum Development Company in Odidi, Niger Delta area of Nigeria (AP / George Osodi) Nigeria, Africa’s largest oil producer plans to increase crude oil production to 4 million barrels per day by 2020 said … Continue reading
Posted in News, Oil Resources
Tagged Crude oil, Diezani Alison-Madueke, East Africa, Niger Delta, Nigeria, Oil
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CO2 Solution Presents Technology for Reducing Carbon Emissions
As oil prices continue to fluctuate throughout the world and the prices on oil production increase new technologies to extract oil are being developed. Oil fields that were once thought too costly to provide oil in usable quantities are now … Continue reading
Posted in News, Oil Prices, Oil Resources
Tagged Oil, Oil economy, Oil Industry, Oil Prices, Oil Resources
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Giant oil strike discovered in North Sea
The future looks promising to ‘Statoil’, a Norwegian Energy Company which discovered a large oil field in the North Sea. This is the largest oil field discovered in the North Sea in the last 30 years.
Posted in News, Oil Investments, Oil Prices, Oil Resources
Tagged North Sea, Norway, Norwegian Energy Company, Oil, Oil production, oil spill, Oil strike
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