Oil
Share
Saudi Aramco CEO Says Oil Will Dominate over Renewables for Decades
Demand for oil and gas will continue to grow for the next few decades and any fall in capital investment for the industry will cause “spikes” in prices and affect the global economy, according to the president and CEO of…
“Man of the Year”, Choice Made by the Daily
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has been named ‘Man of the Year’ for 2016 by The Daily, the leading African online newspaper. The Daily explained: “This year,” the letter announcing the award states, “the choice is anchored on…
Shell Agrees Sale of Stake in Vivo Energy to Vitol Africa BV
Shell has signed an agreement with Vitol Africa B.V. to sell its 20% shareholding in Vivo Energy for US$250 million. Completion of this transaction is expected during the first half of 2017, subject to regulatory approval. The sale is in…
OPEC Secretary General Congratulates El-Badri on Platts Award
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has congratulated former OPEC Secretary General, HE Abdalla Salem El-Badri, on recently been honoured at the Platts Global Energy Awards in the ‘Lifetime Achievement’ category. The Secretary General said that El-Badri is an…
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision. Barack Obama has permanently banned new oil and gas drilling in most US-owned waters…
OPEC Secretary General Attends Meetings, Workshop at Columbia University
The Organization of the Petroleum Exporting Countries (OPEC) Secretary General, HE Mohammad Sanusi Barkindo, and an accompanying delegation, took part in a series of activities at the Columbia University’s Center on Global Energy Policy (CGEP) in New York on 15…
OPEC and non-OPEC Ministerial Meeting
Following the ‘Vienna Agreement’ decided upon at the 171st Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) on 30th November, 2016, Ministers from OPEC met with a number of Ministers from non-OPEC oil producing countries…