OPEC’s net oil export revenue lowest since 2004 🔓

May 23, 2017 0

Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004, according to the U.S. Department of Energy and its Energy Information Administration.

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What’s ahead of OPEC meeting this week?

May 23, 2017 0

All eyes are once-again on the anticipated extension of the output product cut agreed between OPEC and non-OPEC producers, with speculation and potential outcomes being voiced ahead of the Thursday’s meeting in Vienna.

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UK’s Tullow Oil hits oil in new Kenyan well

May 19, 2017 0

UK-based independent oil and gas explorer Tullow Oil said Wednesday it has encountered around 75 meters of net oil pay in two zones at the Emekuya-1 well, located in the Block 13T of northern Kenya, Kallanish Energy reports.

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ConocoPhillips completes $13.3B sale to Cenovus 🔓

May 19, 2017 0

ConocoPhillips said Wednesday it completed the $13.3 billion sale to partner Cenovus of its 50% non-operated interest in the Foster Creek Christina Lake oil sands partnership and the majority of its western Canada Deep Basin gas assets.

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