Crude Oil
Blm nets nearly $7.2M in Utah lease sale
The U.S. Bureau of Land Management raised $7.19 million on March 26 in a federal lease sale for oil and natural drilling in Utah, Kallanish Energy reports. A total of 111 ...
Iraq’s policies on upstream development ‘stalled’: GlobalData
Despite Iraq’s ambitions to expand its crude oil and natural gas production, the country’s policies to support upstream development appear stalled, Kallanish Energy learns from data/analytics firm GlobalData. Iraqi oil ...
Venezuela’s Guaido to announce changes to Citgo’s board
U.S.-based, Venezuela-owned refiner Citgo Petroleum is set to undergo a restructuring in its leadership following Juan Guaido’s declaration he is Venezuela’s new interim president. Guiado is expected ...
Anti-energy activists cost U.S. $91.1B in delayed, cancelled projects
A new analysis by the U.S. Chamber of Commerce’s Global Energy Institute finds the anti-energy “Keep It in the Ground” movement has prevented at least $91.9 billion ...
Crude worldwide plunges after questions about oil demand
Oil prices fell Tuesday, briefly entering bear market territory, after the U.S. said it will allow some of Iran’s biggest customers to continue importing the Opec member’s crude without violating reinstated ...
Shell, Eni knew of corruption in Nigeria’s OPL 245 deal: judge
European oil majors Shell and Eni reportedly knew of the corruption ongoing during their OPL 245 acquisition in Nigeria, a case in which they are being tried ...
Another bank says no funds for Arctic refuge drilling
Another international financial institution has publicly said it will not fund drilling for oil in Alaska’s Arctic National Wildlife Refuge, Kallanish Energy reports. The announcement came last week in a ...
Colombia’s Ecopetrol plans first fracking project
Colombia’s state-run oil company, Ecopetrol, has applied for a permit to launch the country’s first hydraulic fracturing project, targeting unconventional resources in Magdalena Medio, central Colombia. According to CEO Felipe ...
Colombia’s oil production surges to 2-year high
Colombian crude oil production hit a two-year high in October, averaging some 878,854 barrels per day, the country’s energy ministry said in its latest statistic report. Output was at its ...
North American O&G industry faces $240B of maturities through 2023
The quality of debt issued by the North American oil and gas industry has changed substantially – and not in a good way — over the past ...