By Tsvetana Paraskova 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…
By Osama Rizvi The bulls are well and truly back in the oil market, with many analysts and traders predicting $100 oil by Christmas. But upon closer inspection, these claims appear to be driven fear and greed as opposed to fundamentals. On Wednesday, the EIA reported a huge build in U.S. inventories, 7.9 million bpd,…
Bayelsa communities under the Tarakiri clusters in Ekeremor and Sagbama local government areas of the state are threatening a showdown with the Shell Petroleum Development Company (SPDC) over breaches in the agreements reached in the Global Memorandum of Understanding (GMoU). The Guardian has reported. A group from the community known as Voice of the Youths…
