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U.S. Oil And Gas to Contribute $1.9 Trillion to U.S. GDP by 2035…

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Earlier this week, the American Petroleum Institute (API) released a study it had commissioned which claims that not only will production grow, but investment in oil and gas infrastructure will contribute between US$1.5 trillion and US$1.89 trillion to U.S. GDP by 2035, or between US$79 billion and US$100 billion annually…

Mexico Invites Big Oil to Propose Offshore Blocks for Development…

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Mexico will be happy to receive suggestions for offshore blocks to be included in the December bidding round for its section of the Gulf of Mexico, the country’s deputy energy minister said yesterday at an event in Houston. Speaking at the opening of the Offshore Technology Conference, Aldo Flores Quiroga added that oil companies have […]

Kurdish Peshmerga Receiving $20M Monthly by U.S to Pay 36K Troops…

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In accordance to the Memorandum of Understanding (MoU) between Kurdistan Region’s Ministry of Peshmerga and United States’ Department of Defense, Washington continues providing 26 billion Iraqi Dinnar (approximately $20.3 million) monthly to Kurdish Peshmerga forces, the ministry revealed. The fund covers wages for 36,000 Peshmerga troops, Jabbar Yawar, the ministry’s…

As Conflict Rages On, Russia Lands Oil Deals In Syria…

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Russia’s brazen confidence in its victory in propping up Syrian President Bashar Al Assad’s once-failing regime grows day by day, as evidenced by Moscow’s latest oil deals with the Syrian government. Sputnik news reports that Russian Deputy Prime Minister Dmitry Rogozin visited Damascus in November to get the ball rolling on the fossil fuel deals. […]

Wall Street Is Pouring Money Back Into Shale…

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With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel. The private equity industry raised an estimated $19.8 billion in funds for energy investment in the first quarter of this year, or about three times as much as the same period […]

Army Corps to Clear Obstacle to Dakota Pipeline…

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The Trump administration is preparing to remove a major obstacle to construction of the Dakota Access oil pipeline, North Dakota lawmakers said Tuesday — news that will reopen a fight with an American Indian tribe that has protested against the contentious energy project…

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