Kuwait Energy has started an extended production test of four wells on the Abu Sennan concession in Egypt’s Western Desert.
Daily Archives: August 2, 2012
Oil Search reduces PNG output
Oil Search has restrained production as the loading of oil at the Kumul marine terminal in Papua New Guinea remains suspended.
American Energy Works: Tracy
Working operations for Chevron, Tracy says she enjoys her job in the industry after years in local government working on water quality issues. The key for her is the belief her role is important: “I have a great job, I have great benefits and great family…I want to be here every day. I want to…
Kurds Hold the Aces in Iraqi Oil Sector
The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north. The region's Ministry of Natural Resources said the resumption was a…
Sudanese Government Backtrack on Decision to Increase Electricity Rates by 150%
Gee, sometimes a head of state wanted by the International Criminal Court on two warrants for his arrest just can’t get a break.Sudan’s government is described by the U.S. State Department as a “Constitutional democracy in form.”Sudan’s titular leader, President, Prime Minister, and Commander in Chief of the Armed Forces–Lt. Gen. Omar Hassan Ahmed al-Bashir,…
Investing Lessons in One of the World’s Most Volatile Sectors
One of the biggest questions energy investors face is how to trade volatility. For example, in a flat to down energy market, professionals often say trading volatility is the only way to make money. “A flat bear market can give flat performance, but with a lot of volatility,” says Martin Pelletier, Managing Director at Trivest…