Five years after the Fukushima tragedy, TEPCO’s chief of decommissioning Naohiro Masuda admits that the company still has no idea exactly where 600 tons of melted radioactive fuel from three Continue Reading
U.S. oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, even as crude prices this week tested a Continue Reading
Texas oil production for March was up 1 percent from the previous month, state data show, as crude oil prices staged a sustained recovery. The Railroad Commission of Texas, the Continue Reading
On one side, under the burning midday sun of Maracay in north-central Venezuela, hundreds of angry people have been waiting in line since 4am to buy food. On the other Continue Reading
U.S. corporate profits, hit hard last year by the energy downturn and strong dollar, show signs of stabilizing as oil prices dance around $50 a barrel and economic growth appears Continue Reading
Pioneer Drilling The oil rig count fell again this week from 318 to 316 after last week’s slight reprieve, coming in at the lowest at any point in time since Continue Reading
Provided by GasBuddy.com Republished May 27, 2016, 8:30 a.m. to correct certain gasoline and crude oil prices. The U.S. average retail price for gasoline was $2.30 per gallon (gal) on Continue Reading
For the second time in less than a year, oil services provider Hercules Offshore is heading for Chapter 11 bankruptcy protection by entering a restructuring support agreement (RSA). The Wall Continue Reading
Maersk Drilling said Friday it acquired a rig designed for harsh environments from struggling rival Hercules Offshore for deployment in the North Sea. Maersk entered into an agreement with a Continue Reading
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, in this January 25, 2016 file Continue Reading
Employees of Tokyo Stock Exchange work at the bourse after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan’s stock Continue Reading
A pump-jack near Guthrie, Okla., in September 2015. HONG KONG—While oil’s rise above $50 a barrel for the first time in seven months is a landmark for the market, analysts Continue Reading
The price of Brent crude rose above $50 a barrel on Thursday, as declines in U.S. crude stocks boosted the price of a commodity that is suffering from a two-year Continue Reading
Natural-gas prices fell to a one-month low as a glut leftover from winter continued to grow more quickly than expected. The U.S. Energy Information Administration said natural-gas stockpiles grew by Continue Reading
For those seeking guidance on Saudi Arabia’s thinking regarding the future of OPEC, the last few weeks’ agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few Continue Reading
Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can argue convincingly that its strategy Continue Reading
The Libyan National Army (LNA), led by a rogue general coming from the country’s east, is reportedly marching towards the capital, Tripoli, with an eye to ‘liberating’ it from the Continue Reading
Saudi oil giant Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview, as it acts as a “bridge” to a future Continue Reading
Saudi Arabian Oil Co., the world’s largest crude exporter, increased production to an all-time high last year while keeping its reserves unchanged as the kingdom battles for market share. Saudi Continue Reading
Image caption David Cameron said Britain was ready to take an “active role” in helping Libya The UK is set to send a Royal Navy warship to the Mediterranean to Continue Reading
Delayed and incomplete payments to Kurdistan’s oil producers threaten to undermine a new policy that had sparked some investor optimism. A rig at the Miran field, which is operated by Continue Reading
The new militant group, Niger Delta Avenger, on Thursday claimed responsibility for another attack on a gas pipeline belonging to Chevron in Delta state. The group announced the attack on Continue Reading
A militant group in the Niger Delta said it targeted a Chevron pipeline in the region after the company failed to heed a warning issued in mid-May. We Warned #Chevron Continue Reading
Nigeria’s amnesty program for armed militants in the country’s key oil and gas producing Niger River delta region needs restructuring, Minister of State for Petroleum Resources Emmanuel Kachikwu said, as Continue Reading
Nigeria may fail to deliver all of the spending promised in this year’s budget in light of “the current economic realities,” Finance Minister Kemi Adeosun said. Approval of the 2016 Continue Reading
Donald J. Trump traveled Thursday to the heart of America’s oil and gas boom, where he called for more fossil fuel drilling and fewer environmental regulations while vowing to “cancel Continue Reading
Donald Trump has vowed to unleash the full power of fossil fuels in US energy policy, warning that restrictions proposed by Democrats would leave the US “begging for oil” from Continue Reading
Donald Trump, the presumptive Republican presidential nominee, promised on Thursday to roll back some of America’s most ambitious environmental policies if elected, actions that he said would revive the ailing Continue Reading
Enbridge Energy Partners’ crude rail terminal located just outside Philadelphia was hailed as a symbol of the region’s energy rebirth when it first opened in 2012. Mile-long trains filled with Continue Reading
Alberta Oil Sands Factory Canada’s oil sands producers in the Fort McMurray region are watching the weather to determine if and when they can move the necessary people back to Continue Reading
Atlantic Offshore Statoil cancelled a contract for a drillship with Seadrill, which it had intended to use for drilling operations in the Atlantic, near Newfoundland. The cancellation is the second Continue Reading
BP Plc is seeking to extend the production life of one of its biggest operated deepwater U.S. Gulf of Mexico fields with a major water injection project. The company announced Continue Reading
Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife Continue Reading
Oil prices have pushed above $50 a barrel for the first time this year as investors weigh the impact of supply disruptions and US figures showing a decline in crude Continue Reading
The price of Brent crude rose above $50 a barrel on Thursday, as declines in U.S. crude stocks boosted the price of a commodity that is suffering from a two-year Continue Reading
Crude oil drips from a valve at an oil well operated by Venezuela’s state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas Continue Reading
Some Signs of Recovery Amid Uncertainty Global crude supplies will start to dwindle in as little as two years, boosting prices, as the industry cuts investment to weather the worst Continue Reading
Since its creation more than 40 years ago, the International Energy Agency has side-stepped predictions of OPEC crude production, acutely aware that the producer group’s output quotas made the job Continue Reading
The price of spot cargoes of liquefied natural gas (LNG) in Asia has broken its long-standing link to crude oil this year, a development likely to fuel tensions in an Continue Reading
A report by Rystad Energy has revealed that new oil discoveries in 2015 totaled 12.1 billion barrels, which is the least amount of new oil discovered in a single year Continue Reading
Iran is resuming energy exports and foreign vessels are able to call on Iranian Ports. While most focus on crude, the potential of natural gas is largely ignored. Iran is Continue Reading
The Iraqi government is responding to the ongoing threat of lawlessness around oil sites in Basra by bolstering security forces and giving them new leadership.Gen. Jameel al-Shimmari assumed leadership of Continue Reading
Even after the lifting of international sanctions against Iran, long-standing U.S. banking limitations are impeding the country’s oil resurgence by forcing energy companies to use small lenders or barter to Continue Reading
Long used to lucrative state contracts, Iran’s biggest construction company faces leaner times, as overseas firms better able to attract financing push for orders in an economy trying to open Continue Reading
The oil-exporting countries of the Persian Gulf, from Qatar to Saudi Arabia, are turning to the public to sell debt as shrinking oil revenues erode their budgets. Qatar, which owns Continue Reading
Saudi Arabia is seeking to revive its stalled solar-power program, scaling back more ambitious targets it set four years ago after making little headway in transforming the energy supply of Continue Reading
Libyan authorities are weighing the largest currency devaluations in more than a decade in an attempt to repair finances battered by conflict and the plunge in crude prices. Ali Jihani, Continue Reading
The final preparatory gathering of officials from the Organization of Petroleum Exporting Countries before the ministerial meeting on June 2 didn’t discuss any limits on crude output, the latest signal Continue Reading
Nigeria owes airlines more than half a billion dollars in outstanding air fares as the oil-price slump depletes reserves of the U.S. currency and prompts the government to limit the Continue Reading
Venezuela’s gold reserves have plunged to their lowest level on record after it sold $1.7bn of the precious metal in the first quarter of the year to repay debts. The Continue Reading
