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Gas Wizards News Posts

Iran’s Ghost Tankers Are Slipping Through The Cracks

Nov 13, 2018 by Administrator

Iran’s Ghost Tankers Are Slipping...

The world's fourth-biggest oil producer can't keep the lights on

Nov 7, 2018 by Administrator

The world's fourth-biggest oil producer...

Norway’s Oil Production Continues To Decline Faster Than Expected

Oct 22, 2018 by Administrator

Norway’s Oil Production Continues To...

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October

Norway’s Oil Production Continues To Decline Faster Than Expected

Posted on Oct 22, 2018 by Administrator

Norway’s Oil Production Continues To Decline Faster Than Expected By Tsvetana Paraskova - Oct 19, 2018, 3:00 PM CDT   Norway’s crude oil production has not only been sliding this year compared to last year—as expected—but it has also consistently underperformed the production forecasts of the Norwegian Petroleum Directorate (NPD). NPD’s figures for September showed on Friday that Norway’s crude oil production stood...

Oil Prices Rise After API Reports Surprise Crude Oil Draw

Posted on Oct 22, 2018 by Administrator

Oil Prices Rise After API Reports Surprise Crude Oil Draw By Julianne Geiger - Oct 16, 2018, 3:55 PM CDT   The American Petroleum Institute (API) reported a surprise draw of 2.13 million barrels of United States crude oil inventories for the week ending October 12, compared to analyst expectations that this week would see a build in crude oil inventories of 2.167 million barrels . Last week, the American Petroleum Institute (API) reported the biggest...

India Set To Miss Its 2022 Renewable Energy Targets

Posted on Oct 17, 2018 by Administrator

India Set To Miss Its 2022 Renewable Energy Targets By Tsvetana Paraskova - Oct 15, 2018, 1:00 PM CDT   Although government support of renewables in India remains strong, the country faces “a myriad of challenges,” which will likely result in India falling short of its own renewable energy targets by 2022, energy consultancy Wood Mackenzie said on Monday. India has set targets to have 175 GW renewable capacity installed by 2022, 100 GW of...

Exxon To Drill Offshore Cyrpus Despite Turkey Protests

Posted on Oct 15, 2018 by Administrator

Exxon To Drill Offshore Cyrpus Despite Turkey Protests By Tsvetana Paraskova - Oct 05, 2018, 10:00 PM CDT   ExxonMobil plans to begin drilling for oil and gas offshore Cyprus sometime this quarter, a senior executive said on Friday, while Turkey warned again on Thursday against exploration offshore Cyprus in what it says is ignoring the rights of the Turkish Cypriot people. Turkey, which recognizes the northern Turkish Cypriot government and...

Iraq Aims At 60,000 Bpd Production At Newly Restarted Oil Field

Posted on Oct 6, 2018 by Administrator

Iraq Aims At 60,000 Bpd Production At Newly Restarted Oil Field By Tsvetana Paraskova - Sep 28, 2018, 8:00 PM CDT   Iraq plans to have its newly restarted Qayara oil field in the north produce 60,000 bpd by the end of this year, targeting to gradually ramp up the current 30,000 bpd production, S&P Global Platts quoted the Iraqi oil ministry as saying. The Qayara oil field was shut-in for years until last year, due to the war with Islamic State....