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Oil industry must thwart 'misguided' divestment campaign, says Saudi minister

2016-02-25 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Big Oil must thwart the movement to leave fossil fuels in the ground, the worlds most powerful oilman said on Tuesday. Addressing executives in Texas, Saudi oil minister Ali Al-Naimi said the industry had to shed its Dark Side image and show it was a force for good. As an industry, we should be celebrating that fact, and better explaining the vital importance of these precious natural resources, he said in a transcript at an event in Houston. We should not be apologising. And we must ignore...

Tags: industry oil minister campaign

 

RPT-Saudi oil minister to face rival U.S. producers as price rout bites

2016-02-21 13:37:40| Energy - Topix.net

Feb 21 This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling to survive the worst price crash in years. While soaring U.S. shale output brought on by the hydraulic fracturing revolution contributed to oversupply, many blame the 70-percent price collapse in the past 20 months primarily on Naimi, seen as the oil market's most influential policymaker.

Tags: price face oil minister

 
 

Saudi oil minister to face rival U.S. producers as price rout bites

2016-02-21 09:40:42| Oil & Gas - Topix.net

This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling to survive the worst price crash in years. While soaring U.S. shale output brought on by the hydraulic fracturing revolution contributed to oversupply, many blame the 70-percent price collapse in the past 20 months primarily on Naimi, seen as the oil market's most influential policymaker.

Tags: price face oil minister

 

Israel Prime Minister pushes Leviathan gas field deal in Supreme Court

2016-02-15 01:00:00| Offshore Technology

Israel Prime Minister Benjamin Netanyahu has requested the Supreme Court allow the country to proceed with development of the offshore Leviathan gas field in the Mediterranean Sea.

Tags: field deal court gas

 

Oil prices rise on comments by UAE energy minister on production cuts

2016-02-12 01:00:00| Offshore Technology

Oil prices have increased after comments made by United Arab Emirates (UAE) energy minister hinted at the prospect of production cuts.

Tags: comments prices production energy

 

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