It’s in country’s interest to proactively pursue offshore oil and gas exploration
The discovery of oil and gas has remarkably changed the fate of many countries. Not too long ago, people that used to live in abject poverty are now reaping the…
Oil cut extension raises risk of Saudi economic contraction this year
Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify…
OPEC+ oil quota reform increases Gulf’s dominance
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman earlier this month outlined one of the biggest reforms at OPEC in recent years and presented it as a reward for countries…
Evolution, challenges, and prospects of oil and gas exploration sector
Pakistan’s oil and gas exploration and production (E&P) sector has traversed a fascinating path since the first oil well was drilled during British colonial times in the late 19th century…
Eni, Repsol to upgrade oil-for-debt deal with Venezuela
European oil majors Eni and Repsol plan to expand an oil-for-debt deal with Venezuela under US approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries…
Capital suggestion: Oil of the future
The first oil well that launched the modern oil industry was drilled in Pennsylvania in 1859. Copper is the ‘oil of the future’. Copper is an excellent conductor of electricity.…
Russian oil price cap under growing scrutiny as prices rise
When the West rolled out its unprecedented price cap on Russian oil late last year, it hoped to starve Moscow of much-needed revenue while minimising the impact on other countries.…
Slump in industrial production
There is no end to the bad news on the on-going performance of the economy of Pakistan. Now we have been informed by the Pakistan Bureau of Statistics (PBS) that…
Iraq’s ambition to match Saudi oil output is out of reach
Iraq’s oil output and capacity may peak following growth of around 25% over the next five years, analysts said, falling short of 2027 targets and ending a long-standing ambition to…
Oil and gas profits fuel UK worker demands for just energy future
When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and dolphins for conservationists’ surveys on his voyages…
