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Month: May 2016

Category:
  • Nigeria

Nigeria: Militants Give Oil Companies An Ultimatum

The Niger Delta Avengers militant group issued a two-week ultimatum to oil companies operating in Nigeria’s oil rich Niger Delta region, warning companies to shut down or risk attack, the Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria’s crude output cut further by Exxon pipeline damage: trade

Damage to a pipeline has reduced supplies of Nigeria’s benchmark Qua Iboe crude oil, two traders said on Thursday, the latest setback for Africa’s top producer that has pushed output Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • Brazil

Can Brazil’s Next President Rescue Petrobras?

Petrobras Office Brazil’s Senate voted to approve impeachment proceedings against President Dilma Rousseff, forcing her to step down in order to stand trial. Vice President Michel Temer will now succeed Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • India

India April Oil Product Demand Grows at Slowest Pace in 4 Months

India’s oil product sales grew 10 percent in April, the slowest since December as growth in diesel demand decelerated. Total fuel consumption increased to 16.2 million metric tons in the Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • China
  • Russia

CNPC to Start Laying Second China-Russia Oil Pipeline in June

China National Petroleum Corp., the country’s biggest oil and gas producer, will start laying a second domestic oil pipeline in June to allow for increased Russian crude supplies to flow Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • Climate
  • USA

For Oil Drillers, Obama Methane Rule Is Worse Than Proposed

The Obama administration, yielding to environmentalists demanding action to address climate change, issued limits on methane emissions from oil and gas wells that are even tougher than those it proposed Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • Tar Sands

More oil services back online in fire-ravaged Canada

More facilities were returning to normal in the Fort McMurray area of Alberta, with Enbridge the latest to return some infrastructure to regular service. Enbridge crews confirmed two of its Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • Shale Gas
  • USA

Chesapeake Energy Swaps Debt for Stock

Chesapeake Energy Corp. CHK -4.13 % on Thursday said it would swap 4.1% of its shares outstanding for debt, the latest move by the beleaguered energy company to ease its Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • Climate
  • Shale Oil
  • USA

EPA Issues Final Rules Cutting Oil, Natural Gas Methane Emissions

The Environmental Protection Agency on Thursday issued the first-ever federal standards aimed at curbing methane emissions from the oil and natural gas industry, the latest in a series of regulations Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Crude-Oil Production Drops Again in North Dakota

The Bakken formation is one of the highest-cost sources of U.S. oil production. Shown, workers… North Dakota crude-oil production fell for the fourth month in a row, dropping about 1% Continue Reading

Posted On : 13 May 2016 Published By : Tom Whipple

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