EIG Global Energy Partners has sold its stake in the Brazilian portion of the Bolivia-Brazil natural gas pipeline, widely known as Gasbol, to Fluxys Belgium NV, the chief executive officer of the U.S.-based company said […]
From Energy Intel: Production levels per OPEC+ Bloomberg – OPEC+ reached an agreement to curb supply over the next two months, with Saudi Arabia carrying a greater burden of oil-output cuts while others hold […]
Iran has resumed enriching uranium to 20% purity, in its most significant breach yet of its 2015 deal with world powers to end nuclear sanctions. The global nuclear watchdog confirmed the process had begun at […]
Energy News Beat Publishers Note: With the wild ride on OPEC meetings this week, this news is going to make it tougher for OPEC to control the members quotas for production. Therefore making the pricing […]
An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis […]
Iran has seized a UAE-bound chemical tanker in the strait of Hormuz, further stoking already heightened tensions in the Mideast Gulf. The strait is a major shipping and trading lane connecting the Mideast Gulf with […]
ENB Publishers Note: We expect cuts to be implemented as the COVID-19 cases continue to rise around the world, despite vaccine rollout. Follow Energy New Beat’s LIVE daily show at 2 PM MST everyday for […]
OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the first half of 2021 […]
Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil Co. said. The signings were initially meant to take place on Monday in Tehran in the […]
Energy News Publishers Note: This $1 billion dollar group of wells is only the beginning for drilling in the Mediterranean, Red Sea, and even the Black Sea. The deals with major oil companies in the […]
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