Archive | April, 2015

Tullow Gets Nod To Proceed With TEN Project Offshore Ghana

The International Tribunal for the Law of the Sea (ITLOS) has ruled that Tullow Oil could proceed with its operations at the $5 billion TEN project offshore Ghana. However, the tribunal restricted Ghana from beginning any new drilling operations in the area until a maritime border dispute with the Ivory Coast is resolved in 2017. […]

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Frackers Can Still Rule The World’s Oil Markets

This is an Op-Ed that was published In MEES this week, written By Bernhard Hartmann and Saji Sam. The views expressed are strictly those of the authors, and do not represent those of MEES When ‘Abd Allah al-Badri, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), recently said the cartel’s decision to continue […]

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Oil Prices Drop as Inventories in U.S. Rise to Highest in 14 Years

  Oil prices fell towards $57 a barrel on Wednesday after the largest weekly build in U.S. crude inventories since 2001 and as Saudi Arabia reported record output in March. The U.S. Energy Information Administration (EIA) reported that U.S. stocks of crude oil rose in the week to April 3 by 10.9 million barrels – […]

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