A New Source of Liquid Energy?
In the poorest parts of the world, energy is scarce. That is why some scientists are excited about the prospect of generating electricity from urine. Human waste, after all, is Continue Reading
Russian Bond Skeptics Surface in Worst Week Since Oil Collapse
Bank of Russia’s unexpectedly hawkish turn at its last rate meeting and the slump in oil prices are casting a shadow over the third-biggest bond rally in emerging markets. Bonds Continue Reading
Dyson developing an electric car
Dyson is developing an electric car at its headquarters in Wiltshire with help from public money, according to government documents. The company, which makes a range of products that utilise Continue Reading
Oil Firms Slow Exploration to Weather Low-Price Era
The world’s biggest oil companies are draining their petroleum reserves faster than they are replacing them—a symptom of how a deep oil-price decline is reshaping the energy industry’s priorities. In Continue Reading
Oil prices mixed on U.S. GDP data
Crude oil prices were mixed in the early stages of Friday trading after figures showed fourth quarter growth in the United States had slowed. The U.S. Commerce Department reported real Continue Reading
Iraqi forces squeeze Mosul, as IS tactics shift
Pro-government forces are intensifying air and ground operations in and around Mosul, causing fighters from the self-proclaimed Islamic State (IS) to adopt new tactics in anticipation of an offensive to Continue Reading
OPEC Upstream Investment
Regardless of all the challenges and uncertainties, OPEC Member Countries continue to invest in additional upstream capacities. On top of the huge capacity maintenance costs that Member Countries are faced Continue Reading
Iran revisiting gas pipeline options with Pakistan
Cooperation extending into the energy sector is high on the agenda for a two-day state visit to Pakistan, Iranian President Hassan Rouhani said Friday. Rouhani led a delegation of political Continue Reading
Toll from IS suicide bombing at Iraq stadium climbs to 41
Iraqi officials say the death toll from a suicide bombing at a soccer stadium that was claimed by the Islamic State group has climbed to 41, with another 105 people Continue Reading
Gulf migrant workers will be biggest victims of oil shock: Kemp
Saudi Arabia’s army of migrant workers will be among the biggest losers from the slump in oil prices and the impact will reverberate to poor countries across the Middle East Continue Reading
Chinese researchers develop novel aluminum–graphite dual-ion battery
A team from the Shenzhen Institutes of Advanced Technology (SIAT) of the Chinese Academy of Sciences has developed a novel, environmentally friendly low-cost battery. The new aluminum-graphite dual-ion battery (AGDIB) Continue Reading
Spotlight: Achieving 6.5-pct growth “well within China’s reach”
The continuous slowdown of China’s economy does not mean the country will be unable to reach its target of maintaining an at least 6.5-percent growth during the next five years, Continue Reading
Nebraska law aims to control fracking waste
Advocacy group Bold Nebraska, which helped take on the Keystone XL pipeline, declared victory after state leaders passed a measure to control oil and gas waste. The Nebraska Legislature passed Continue Reading
Virginia gets head start with offshore wind
Approval of a wind-energy research plan in the federal waters off Virginia’s coast is a pathway to commercial sector development, the state’s governor said. The federal Bureau of Ocean Energy Continue Reading
Alberta freezing salaries
The provincial government of Alberta said it was freezing salaries for the next two years in an effort to address lingering economic pressures. The government said it was freezing salaries Continue Reading
Solar-Panel Installers Face Clouded Future
Many U.S. states are considering dialing back solar-power incentives amid growing pressure from local electric utilities, potentially dealing a blow to the companies that install home solar systems around the Continue Reading
A New Source of Liquid Energy?
In the poorest parts of the world, energy is scarce. That is why some scientists are excited about the prospect of generating electricity from urine. Human waste, after all, is Continue Reading
Meridian looks to build North Dakota refinery using midstream model
Meridian Energy Group expects to use a fee-based business model at a 55,000 b/d refinery it plans to build in North Dakota, CEO William Prentice said Wednesday. The start-up company Continue Reading
Despite oil’s decline, energy companies win with equity offerings
Persistent low oil prices have lead to slower business in much of North Dakota’s Bakken oil fields. The collapse of U.S. oil and gas investment could have… More than a Continue Reading
The big bust in the oil fields
He’d borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he’d gone too Continue Reading
Ruble Gains for Second Day as Tax Demand Eclipses Lower Crude
Russia’s ruble climbed for a second day as local companies bought the currency to meet tax payments, negating the impact of weaker oil prices. The currency of the world’s biggest Continue Reading
U.S. oil falls after big jump in stockpiles
Oil prices fell in Asian trading on Thursday, adding to a slump in the previous session, after U.S. stockpiles rose for the sixth week to another record, sapping the strength Continue Reading
Oil Prices Extend Losses
Oil prices extended losses Thursday after U.S. supply data a day earlier showed swelling stockpiles and stubbornly high production, further retreating from the $40-a-barrel range and dashing the view of Continue Reading
U.S. oil falls after big jump in stockpiles
Oil prices fell in Asian trading on Thursday, adding to a slump in the previous session, after U.S. stockpiles rose for the sixth week to another record, sapping the strength Continue Reading
Wood Mac Sees Deferrals in Global Oil, Gas Projects Reaching $500B in 2016
Deferrals in global oil and gas projects may increase to half a trillion dollars this year, up from the previous estimate of $400 billion, a Wood Mackenzie consultant says. Wood Continue Reading
Central banks may be curbing oil price boost to global growth, says IMF
The world’s central banks and the wave of unorthodox monetary policy may be offsetting what ought to be a boost to global growth from cheap oil, according to research by Continue Reading
Natural Gas Reverses Losses on Better-Than-Expected Supply Data
Natural gas prices shook off early losses Thursday and climbed higher after weekly supply data was less bearish than expected. Natural gas futures rose 0.7% to settle at $1.8060 a Continue Reading
All OPEC Members Except Iran, Libya Pledge to Attend Doha Talks
The only OPEC members that haven’t pledged to attend talks in Doha next month aimed at freezing oil production levels are Iran and Libya: the two nations with the greatest Continue Reading
Iran, Iraq explore non-oil economic ties
The Iranian government aims to boost its non-oil trade relationship with neighboring Iraq, a visiting delegate said during a trade visit to Baghdad. The official Islamic Republic News Agency reports Continue Reading
Russia and US pledge renewed effort for Syria peace
Russia and the US pledged on Thursday to push for a faster political resolution to the Syrian crisis and broaden their efforts to secure a continuation of a month-old ceasefire. It was Continue Reading
Oil minister steps down ahead of Cabinet shake-up
Updates include: Abd al-Mahdi’s internal memo names interim replacement Analysis of resignation, political landscape, and pending Cabinet reshuffle IOC contracts and NOC exports remain in state of uncertainty Iraqi Oil Continue Reading
Iraq Oil Minister Suspends Duties Citing Political Disarray
Iraq’s Oil Minister Adel Abdul Mahdi suspended his participation in the cabinet, citing disarray in government ministries in OPEC’s second-biggest supplier. Abdul Mahdi said in a letter posted on his Continue Reading
Yemen: Cease-Fire To Begin April 10
A cease-fire will take hold across Yemen on April 10, and fresh peace talks with begin April 18 in Kuwait, Special Envoy of the U.N. Secretary-General for Yemen Ismail Ould Continue Reading
Exxon Mobil in Talks to Buy Stake in Big Mozambique Gas Project From Eni SpA
Exxon Mobil Corp. is in advanced talks to acquire a stake in a giant Mozambique natural gas development project from Italy’s Eni SpA, a sign that major oil companies are Continue Reading
China Seen Sustaining Strong Crude Imports on Refining, Reserves
China’s crude imports will rise further from a record this year to feed its expanding refining sector and strategic reserves, according to Standard Chartered Bank. The nation’s average crude imports Continue Reading
Natural-Gas Producers Face Painful Spring
Natural gas is drilled in Pennsylvania. U.S. natural-gas production hit its highest level ever over the winter even in the face of low prices, a conundrum at the heart of Continue Reading
U.S. Oil Explorers Return to Parking Rigs as Inventories Build
The Market Trends That Might Signal Oil Has Bottomed Explorers once again idled drilling rigs in U.S. oilfields as crude inventories continue climbing, boosted by a surge in imports. Rigs Continue Reading
U.S. motor travel up 2 percent in January from last year
U.S. road travel rose by 2 percent in January over last year, setting a fresh record for the month, government data showed on Thursday, providing evidence that the U.S. road Continue Reading
Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas
Those whom the gods wish to destroy they first send mad Introduction The aim of this article is to show that the shale industry, whether extracting oil or gas, has Continue Reading
CMU study shows autonomous vehicle algorithms can have considerable effect on fuel economy; need for new approaches in testing
Autonomous vehicle driving behavior can have a considerable effect on fuel economy. Researchers in the College of Engineering at Carnegie Mellon University have determined that fuel efficiency for self-driving cars—within Continue Reading
Texas Oil and Gas Production March 2016
Most of the charts that follow were produced by Dean Fantazzini and are in barrels of output per day for oil, condensate, and oil plus condensate except where noted. In Continue Reading
Creditors Seek to Force Whistler Energy Into Bankruptcy
Creditors are attempting to force Whistler Energy II, the operator of an offshore oil platform where a worker was recently killed, into involuntary bankruptcy protection. Five creditors who say they Continue Reading
Goodbye, Super-Cheap Gas
The era of falling pump prices: It sure was nice while it lasted. U.S. average gasoline prices climbed back above $2 a gallon on Thursday for the first time since Continue Reading
Coming to the Oil Patch: Bad Loans to Outnumber the Good
Bad loans are likely to outnumber good ones soon in the U.S. oil patch, an indication of the pressure on energy companies and their lenders from the crash in prices. Continue Reading
Few bidders for Gulf of Mexico oil, gas sale
A lack of interest in new oil and gas acreage for sale in the U.S. waters of the Gulf of Mexico may be indicative of a weak energy market, the Continue Reading
Rockefeller family lashes out at Exxon Mobil
Rockefeller Family Fund pulls investments from fossil fuels industry, singling out Exxon Mobil for allegations it downplayed the impact the oil sector had on climate change. Photo by Katherine Welles/Shutterstock Continue Reading
Why Power Markets Tilt Toward Renewables Even With Cheap Oil
If you’re a power plant developer, chances are you’ll be selling renewables in a developing nation in the decades ahead — even with fossil fuel prices bumping along historic lows. Continue Reading
U.S. Oil Explorers Return to Parking Rigs as Inventories Build
The Market Trends That Might Signal Oil Has Bottomed Explorers once again idled drilling rigs in U.S. oilfields as crude inventories continue climbing, boosted by a surge in imports. Rigs Continue Reading
U.S. drillers cut oil and gas rigs for 14th straight week: Baker Hughes
Stacked rigs are seen along with other idled oil drilling equipment at a depot in Dickinson, North Dakota June 26, 2015. U.S. energy firms this week cut oil and natural Continue Reading
Oil price war threatens U.S. sense of energy security: Kemp
The political economy of oil prices in the United States is complicated. The United States is the world’s largest oil consumer and one of its biggest importers. But it is Continue Reading