News
Ex-Saudi minister on OPEC: ‘We tend to cheat’
Ali Al-Naimi, the former oil minister of Saudi Arabia, warns not to take the announcement by OPEC it’s cutting production for the first time in eight years too seriously. Speaking at an event in Washington...
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Permian leads latest increase in oil rigs, Baker Hughes says
West Texas’ active Permian Basin added seven rigs actively drilling for oil this week. While the Permian begins to boom, the net rig count in the rest of the country declined. The U.S. rig count...
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Australian LNG company makes Houston home
The former Chevron president of natural gas is leading what could become the next major liquefied natural gas export project out of a new Houston headquarters. The problem? “No one realizes we’re here,” said Greg...
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Market Currents: Focus shifts to Non-OPEC producers
As oil pauses for breath, so can we. After a hectic week, prices are ticking slightly higher into the weekend after a positive U.S. employment report. Although more shenanigans await next week, hark, here are...
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Egypt awards development blocks to Apex International Energy
Houston upstart oil and gas exploration company Apex International Energy has been awarded 1.7 million acres for development in Egypt. Egypt General Petroleum, which is run by the country’s Ministry of Petroleum, awarded the development areas in...
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