Nigeria Blocks Shell Bank Accounts over Oil Pipeline Dispute

A Nigerian court restricted Royal Dutch Shell Plc access to its bank accounts in the West African country amid a legal dispute with a local oil producer over a pipeline deal six years ago

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Halliburton Names BOB PATEL to Board of Directors

Halliburton Company announced that Mr.Bhavesh V. (Bob) Patel has been named to the Company board of directors.

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Largest LNG Project Ever: Qatar Petroleum Sanctions North Field East Project

Qatar Petroleum announced that it will start developing the North Field East (NFE), which is the world largest liquefied natural gas (LNG) project. The project will raise the state’s LNG production capacity from 77 million tons per year (mmt/y) to 110 mmt/y

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Oil Climbs to 13-Month Highs on Output Cuts, Demand Recovery Hopes

Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets.

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US rig count rises in January for 6th month: Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month

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Saudi Crown Prince: Aramco Will Launch Further Share Sales

Saudi Arabia Crown Prince Mohammed bin Salman, the kingdoms de facto ruler, on Thursday said that oil giant Saudi Aramco will hold further share sales

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Kuwait National Petroleum Company racing to finish gas line

According to reliable sources from the oil sector, the Kuwait National Petroleum Company (KNPC) is racing against time to finish the fifth gas pipeline project being executed at the Mina Ahmadi Refinery, reports Al- Anba daily.

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Schlumberger echoes rivals oil recovery predictions after results beat

Schlumberger NV on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world’s top oilfield services provider’s fourth-quarter results beat estimates, aided partly by growing demand for drilling.

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