Obviously in response to the lingering fuel crisis and the loud complaints by suffering consumers, the management of the Department of Petroleum Resources, DPR, may have decided that enough was Continue Reading
The first US crude oil cargo destined for the Caribbean region has arrived at Bullen Bay, Curacao and was priced at a $3.96/b premium to the NYMEX light sweet crude Continue Reading
Petroleos Mexicanos (Pemex) reported liquid hydrocarbons production in 2015 of 2.59 million b/d, down 7% compared with the 2014 total and 10% compared with the 2013 total. Offshore production accounted Continue Reading
Millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela’s crippled economy. But instead of food Continue Reading
Chinese travellers wait for the train to set off as they head to their hometown for the Lunar New Year. a total of 42 million individual voyages by air and Continue Reading
AGL Ltd. (AGL.AU) will quit natural gas exploration and production because of the volatility in energy prices, tightening its focus on commercial and retail gas activities. The Australian energy company Continue Reading
China’s Beijing Enterprises Holdings Ltd. has emerged as the front-runner to acquire a German operator of waste-burning power plants from private-equity firm EQT for around €1.8 billion ($2 billion), according Continue Reading
U.S. crude oil and gasoline inventories jumped more than expected last week to record highs, data from the Energy Information Administration showed on Wednesday. Crude inventories USOILC=ECI rose 7.8 million Continue Reading
The latest blow to the energy industry’s collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking Continue Reading
Average well in Dewitt county profitable with crude at $22.52 Texas has a message for $30 crude doomsayers: Bring it on. A handful of shale patches in the state, which Continue Reading
