Indonesia Plans New Policies, Build FPSO
The Indonesian government plans to implement a number of policies to maintain and attract the interest of upstream investors in the country, as a result of weaker response from its…
Oil Market Deja Vu Triggers Predictions of a Return to $30
Oil’s climb above $45 a barrel is reassuring influential figures from BP Plc to the International Energy Agency that the industry is finally recovering from the worst slump in a…
Oil Crash Not a Repeat of 1985: University of Calgary Report
Thirty years ago, shoulder pads were all the rage, Molly Ringwald was a rising teen movie star and low oil prices were wreaking economic havoc. At least one of those…
Norfolk-Based Offshore Oil and Gas Expands into Aberdeen
IVB (Inspection Verification Bureau), which provides inspection and verification services to the oil, gas and renewable energy sectors, has invested in staffed offices in Europe’s oil and gas capital to…
Saudi Minister Says Asia Will Drive Oil Demand
Oil demand will soon reflect the “attractiveness” of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minister Ali al-Naimi…
OPEC Infighting Reaching Critical Levels
Shell provided an update on its pending merger with BG Group (LON: BG). Following its dreadful quarterly earnings report, Shell provided another defense of its BG purchase, which it says…