US reimposes oil sanctions against Venezuela over election concerns | Oil and Gas News
Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms. The United States is reimposing…
Iraq’s overreliance on oil threatens economic, political strife | Oil and Gas News
With an economy so reliant on oil, Iraq has long faced a tough balancing act between the short-term gains that can come from ramping up…
Eni to review plans for carbon-intensive Verus gas field to minimise ‘environmental footprint’
In short: Italian company Eni says it is reviewing plans to develop a new gas field in the Timor Sea to reduce its environmental footprint.The gas…
Farmer frustrated at ‘one-way’ relationship locks gate on Japanese energy giant Mitsui E&P
In short: After mounting frustration sharing his land with a Japanese energy giant, Keith Tunney locked his farm gates.Mitsui E&P Australia says it pays compensation and works…
Fitch Ratings upgrades Qatar to third-highest on back of gas expansion | Oil and Gas News
Revenues from Qatar’s LNG fields will provide budget surpluses until the 2030s, Fitch said. Fitch Ratings has upgraded Qatar to AA, its third-highest rating, on…
Russia orders halt on petrol exports | Oil and Gas News
Coming amid attacks on refineries, ban is intended to avert shortages and spiking prices on the domestic market. Russia has passed a six-month ban on…
Qatar announces new gas output boost with mega field expansion | Oil and Gas News
The overall expansion of North Field from 77mtpa currently to 142mtpa by 2030 represents an 85 percent increase in production. Qatar has announced new plans…