Iran hopes that the special purpose vehicle that would allow the European Union (EU) to continue buying Iranian oil amid the U.S. sanctions will become operational by the end of this year, Ali Akbar Salehi, the head of the…
Author: Egbuwalo Akindele
IPMAN To Join Strike
The Independent Petroleum Marketer Afssociation of Nigeria(IPMAN) has threaten to join their counterpart-Major Oil Marketers Association of Nigeria (MOMAN) if the Federal government refuses to honour their agreement within the stipulated date. This was contained in a letter sent to…
Alberta Slashes Economic Growth Forecast…
Canada’s Top Oil Province on Friday lowered its 2019 economic growth forecast as oil prices continue to flounder according to a government statement. Crude oil production in Alberta, which vacillates between serving as its lifeblood and bane of its existence, …
Qatar to Quit OPEC
Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on Monday. “Qatar has decided to withdraw its membership from OPEC effective January 2019,” Kaabi said…
Energy Web Atlas has named Harry Brookby V.P., data sales
HOUSTON – Gulf Energy Information, a leading provider of market intelligence and technical information for the international energy industry, has named Harry Brookby V.P., data sales for Energy Web Atlas (EWA). Harry comes to EWA from DrillingInfo where he was…
Shell completes upstream Ireland exit for ~$1.3 billion
THE HAGUE, Netherlands — Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for…