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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
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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.
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.
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.
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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