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Taipei Times (Taiwan) 02/16/2019 11:35
The announced support measures are less than the US$12 billion to US$17 billion of additional annual cash requirements Fitch estimates Pemex needs to halt production and reserve level declines,” the company said.
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FirstPost (India) 02/15/2019 18:00
In November, ADNOC signed another agreement with ISPRL to store oil in half of the Padur strategic oil reserve site.
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Platts 02/15/2019 09:43
London — Italian oil major Eni has written off the proved oil reserves linked to its interest in Venezuela's Junin-5 heavy oil field due to the country's escalating political and economic crisis, the company's chief financial officer Massimo Mondazzi said Friday ...
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MENAFN - Undeterred by the prospect of peak oil demand, Saudi Arabia is betting its long-term future on oil.
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AllAfrica News 02/15/2019 03:28
Low oil output Meanwhile, there was panic in the oil and gas industry on Tuesday, this week when it became obvious that Nigeria's output has dropped from 2,081,936 barrels per day, bpd recorded in December 2018 to 1,999, 292 bpd in January ...
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Zero Hedge 02/14/2019 22:40
Its prosperity is maintained by oil with the dollar serving as the world reserve currency.
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Venezuela Star (Venezuela) 02/14/2019 19:49
In the past five years, the country’s crude oil production has fallen by about half, and so has the price of oil — a double blow to the government and the national economy.
More from Venezuela Star (Venezuela): 02/14/2019 12:00
The South American country that is home to the world’s largest crude oil reserves is currently in a split-personality state, with the president of the National Assembly—dominated by the opposition—declaring himself interim president on constitutional grounds and calling for new elections.
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BOE Report 02/14/2019 07:06
... risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control, incident to the exploration for and development, production, gathering and sale of natural gas, NGLs and oil.
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SEC prices for reserves were calculated as of December 31, 2018 and among other items calibrated for quality, energy content and market differentials with the average adjusted product price weighted by production over the remaining lives of the properties being $59.12 per Bbl for oil, $2.99 per Mcf for natural gas, and $26.41 per Bbl of NGLs ...
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Big News Network 02/13/2019 18:52
DECADES OF FAILURE Venezuela has the world's largest proven oil reserves, amounting to around 300 billion barrels, ahead of Saudi Arabia on 265 billion and Canada at 170 billion ("Statistical review of world energy," BP, 2018.
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