OPEC Ministers, Secretary General Hold Oil Talks in Istanbul

OPEC Conference President HE Dr. Mohammed Bin Saleh Al-Sada and the Organization’s Secretary General HE Mohammad Sanusi Barkindo held a series of informal meetings with OPEC and non-OPEC oil and energy ministers on the sidelines of the 23rd World Energy Congress (WEC) here yesterday. HE Al-Sada, who is Qatar’s Minister …

OPEC Secretary General to attend annual meetings of the IMF and the World Bank...

OPEC Secretary General, HE Mohammad Sanusi Barkindo, along with a delegation from the OPEC Secretariat, will be attending the Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) that take place in Washington DC from October 7-9. HE Barkindo has …

OPEC Secretary General attends opening of 15th IEF Ministerial

 Algeria, 27 September 2016 – OPEC Secretary General, HE Mohammad Sanusi Barkindo, attended the opening session of the 15th Ministerial Meeting of the International Energy Forum (IEF) here yesterday. HE Barkindo took part in the first plenary session of the Conference, held at the impressive International Convention Centre, speaking alongside …

Europe’s Largest Gas Field Could Face Larger Production Cap

The Dutch Parliament adopted a motion to review production at the Groningen gas field annually, Reuters reported on Thursday. In June, the legislature passed a 5-year output bill that sought to limit the risk of earthquakes linked to production activity by limiting production from Europe’s largest gas field to 24 …

Shell Starts Production at Stones in the Gulf of Mexico

Shell announces recently  that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day  when fully ramped up at the end of 2017. The host facility for the world’s deepest offshore oil and gas project …

China’s Oil Production Tanks, Foreign Oil Dependency Nightmare Intensifies

It might seem disingenuous to call any country’s foreign oil dependency a nightmare, but that’s exactly what it is. A myriad of problems stem from foreign oil dependency, ranging from a massive transfer of wealth, to securing vital supply lines and shipping lanes to other geopolitical considerations. As a major …

Global Oil Demand Can Only Increase

While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more people, making more money, using more oil may be boring to some, but it is also perhaps our most fundamental energy reality. The world now consumes ~95 million b/d …