Gazprom Wants to Turn Bahrain Into A Gas Hub
Russian state-owned oil and gas giant Gazprom is currently working out the matter of creating a liquefied natural gas (LNG) distribution hub in Bahrain. The hub will be meant to Continue Reading
Iraqi Shiite Cleric Moqtada al-Sadr Makes Unannounced Visit to Iran
Shiite cleric Moqtada al-Sadr traveled to Iran on Monday, a top aide said, a day after hundreds of his supporters withdrew from Iraq’s fortified International Zone following protests that paralyzed Continue Reading
Iraq Cleric’s Moves Test Political Order
Protesters loyal to Iraqi cleric Moqtada al-Sadr in Baghdad’s Green Zone on Saturday. The decision by Iraqi cleric Moqtada al-Sadr to have his supporters seize and then vacate parliament in Continue Reading
Wartime Damascus Preserves Tenuous Air of Normalcy Amid Syria’s Ruin
Adnan Gimaah was perhaps the sourest purveyor of sweets in the old souk of Damascus. If a customer questioned the quality of his wares, he snorted impatiently. If they haggled Continue Reading
Saudi Binladin Group employees set fire to buses in protest
Employees at giant construction firm, the Saudi Binladin Group, have set fire to more than seven company buses to protest a reportedly large round of looming layoffs and not being Continue Reading
Nigeria Says $15 Billion Stolen in Security Spending Scams
Figure dwarfs previous government estimate of $5.5 billion Nigerian Vice President Yemi Osinbajo said about $15 billion was lost by the previous administration to fraudulent security spending, almost three times Continue Reading
South Korea, Iran eye oil and gas deals
South Korea and Iran signed off on more than a dozen proposals, including those tied to oil and gas, as Iran’s president touts the value of foreign investments. Iranian Oil Continue Reading
Debt: The Key Factor Connecting Energy and the Economy
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not Continue Reading
Peak Fracking, Perpetually Higher Oil Prices
Six mega-trends are combining to persistently drive gasoline prices higher until price kills demand: Peak Fracking occurred in June 2015 . Since Peak Fracking, US Oil Production has decreased approximately Continue Reading
Coal Demand Has Fallen in Nearly Every State Since 2007
Consumption of steam coal used for electricity generation in the U.S. electric power sector fell 29% from its peak of 1,045 million short tons (MMst) in 2007 to an estimated Continue Reading
Slow Electricity: The Return of DC Power?
Stationary steam engines drive DC generators by means of leather belts. Source . In today’s solar photovoltaic systems, direct current power coming from solar panels is converted to alternating current Continue Reading
Statoil Sells Marcellus Assets to EQT for $407 Million
The Norwegian oil and gas producer said Monday the divestment includes 62,500 acres of operated properties in West Virginia with a production of about 9,300 barrels of oil equivalent a Continue Reading
Resettling the First American ‘Climate Refugees’
Each morning at 3:30, when Joann Bourg leaves the mildewed and rusted house that her parents built on her grandfather’s property, she worries that the bridge connecting this spit of Continue Reading
Gasoline Consumption in U.S. Rises Most in Nearly Four Decades
U.S. gasoline demand rose at the fastest annual rate in almost 40 years in February as stronger economic growth and cheap fuel prices spur driving in the world’s biggest oil Continue Reading
These Two U.S. Drillers Just Filed For Bankruptcy
Two more oil companies have filed for Chapter 11 bankruptcy protection , as crude oil prices hover just above $45 per barrel and financial woes take their toll. Oklahoma-based Midstates Continue Reading
This Data Shows The Shale Debt Crisis Is Hitting Record Levels
The bankruptcies are continuing fast and furious across the energy sector. With the ill-effects spreading beyond just the oil and gas business — evidenced by major renewables firm SunEdison filing Continue Reading
Banks Dodge One Oil-Patch Risk
Banks have provided further evidence that they are weathering the oil-price bust so far. Going into first-quarter earnings season, one of the biggest worries hanging over banks had to do Continue Reading
Colorado High Court Rules Local Bans on Fracking Are Illegal
The Colorado Supreme Court ruled… The Colorado Supreme Court ruled Monday that municipalities can’t bar hydraulic fracturing, a long awaited decision in a legal battle that has rippled across this Continue Reading
North Dakota showing little rig movement
Despite a rally in oil prices of around 30 percent, the number of rigs deployed in shale-rich North Dakota is steady for the fifth straight week, data show. State data Continue Reading
Gasoline Consumption in U.S. Rises Most in Nearly Four Decades
U.S. gasoline demand rose at the fastest annual rate in almost 40 years in February as stronger economic growth and cheap fuel prices spur driving in the world’s biggest oil Continue Reading
Dominoes fall: Vanishing Arctic ice shifts jet stream, which melts Greenland glaciers
Investigating the factors affecting ice melt in Greenland — one of the most rapidly changing places on Earth — is a major priority for climate scientists. And new research is Continue Reading
Oil Declines Second Day After Iraq Exports Approach Record High
Oil fell a second day after Iraq’s oil exports approached a record high in April, adding barrels to a worldwide supply glut. Futures declined as much as 0.8 percent in Continue Reading
Oil prices fall on rising OPEC crude production
Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling U.S. output and the recent slide in the dollar, which has been Continue Reading
What Do Brent Spreads Know That We Don’t
The most important fundamental development of the week, in our minds, is the evolving market share battle among OPEC + Russia. Saudi Arabia sold a spot-market cargo to China early Continue Reading
Can Oil Continue To Rally? An Interview with the IEA’s Neil Atkinson
Oil prices plunged to their lowest levels in more than a decade earlier this year, but have since rallied by more than 70 percent from their February lows. Now oil Continue Reading
Oil Bulls Bet the Waning U.S. Shale Boom Will Curb Global Glut
Hedge funds are rooting for a quick collapse of the U.S. shale boom. Money managers turned the most bullish since May as West Texas Intermediate crude climbed to a five-month Continue Reading
IEA chief says oil price bottoming depends on global growth
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil Continue Reading
U.S. Energy Secretary sees oil supply, demand rebalancing in a year
U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year’s time. Benchmark crude oil prices, which hit almost 13-year lows earlier Continue Reading
Iraq Oil Exports Near Record as Baghdad Protests Intensify
Iraq’s oil exports approached a record high in April, adding barrels to a worldwide supply glut, even as protests against public corruption threatened to paralyze the government of OPEC’s second-largest Continue Reading
Tanker With Disputed Libyan Oil Returns to Country for Unloading
Libyan oil workers at the the Zawiya oil installation. A tanker with oil from eastern Libya returned with its cargo to the North African country after the United Nations blacklisted Continue Reading
Why China Is Really Dictating the Oil Supply Glut
Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in Continue Reading
Halliburton and Baker Hughes scrap $28 billion merger
The Baker Hughes campus sits mostly empty in Williston, North Dakota April 30, 2016. Picture taken April 30, 2016. Oilfield services provider Halliburton Co ( HAL.N ) and smaller rival Continue Reading
As oil plows through $45 a barrel, U.S. producers rush to lock in prices
Oil pump jacks are seen next to a strawberry field in Oxnard, California February 24, 2015. U.S. oil producers pounced on this month’s 20 percent rally in crude futures to Continue Reading
Pipe dreams still alive for selected few in U.S. energy rout
An energy market rout has ravaged fortunes from Texas to North Dakota and hit thousands of small investors, but some tycoons are still coining it in thanks to a piece Continue Reading
Oil Companies Ultra Petroleum, Midstates File for Bankruptcy
Two more publicly traded oil and natural gas companies, with combined debts of more than $5.8 billion, filed for chapter 11 bankruptcy protection in Texas as the industry continues to Continue Reading
Energy Future Files New Chapter 11 Exit Plan
The fate of Energy Future Holdings Corp.’s transmissions business, Oncor, is once again up in the air, under a new bankruptcy exit plan for the Dallas electricity giant. Oncor, a Continue Reading
US gas fireball fuels shale critics and agitates energy markets
A towering fireball from a ruptured pipeline in the most prolific shale gas region of the US has agitated energy markets and provided new fuel for critics of fracking. On Continue Reading
The Merger That Could Create a New Oil Major
At a time where many oil companies need to shed assets and spin off businesses to keep themselves alive, there are certain companies that are perfectly positioned for the current Continue Reading
World’s Biggest Windmills Now Make Jumbo Jets Look Tiny
Often derided as a blot on rural landscapes, wind turbines got bigger and stronger than ever anyway. The next generation are even larger and designed to withstand an Arctic battering. Continue Reading
How many people can the Earth actually hold?
Earth may only be a tiny blip on the map relative to the entire universe, but for our purposes, it’s pretty darn big. Of course, the vast majority of earth Continue Reading
Human Extinction Isn’t That Unlikely
Nuclear war. Climate change. Pandemics that kill tens of millions. These are the most viable threats to globally organized civilization. They’re the stuff of nightmares and blockbusters—but unlike sea monsters Continue Reading