The oil terminal of Marsa al-Hariga in Libya. The political deal that allowed the restart of oil shipments from a port in eastern Libya provides short-term relief for cash-strapped authorities, Continue Reading
Mellitah Oil and Gas terminal on the outskirts of Zwara in western Libya in January… Libyan oil exports will flow again from a terminal that had been a subject of Continue Reading
Nigerian militants have carried out another attack on a pipeline in the Niger Delta region, detonating explosives at a section of the Escravos natural gas pipeline in Warri South West Continue Reading
Crude production fell to 2.11m barrels a day from 2.18m Nigeria’s economy risks falling into recession after it shrank in the first quarter as oil output slumped and the manufacturing, Continue Reading
Shell may be losing almost 50,000 barrels a day, says Rystad Royal Dutch Shell Plc and Exxon Mobil Corp. are the international oil companies most exposed to violence in the Continue Reading
Falkland Oil Offshore Falklands oil and gas producer Rockhopper Exploration Plc has announced that its net contingent oil reserves have doubled to more than 300 million barrels, and independent experts Continue Reading
Venezuela is preparing for the biggest military exercises in its history this Saturday after the South American country’s government said it’s on high alert as the opposition pushes for a Continue Reading
As opposition to Venezuela’s President Nicolas Maduro intensifies, the country is now preparing for the biggest military exercises in its history this Saturday – an opportunity to flex its military Continue Reading
NEW DELHI — People weren’t frying eggs on the sidewalks in Phalodi during India ’s hottest day ever — in fact, it was so hot that many did not venture Continue Reading
China’s effort to promote natural gas over coal to cut pollution is facing resistance from buyers who prefer cheaper to cleaner. The world’s largest energy consumer seeks to raise the Continue Reading
The oil-field services company said… The U.S. oil-rig count was unchanged at 318 in the latest reporting week, according to oil-field services company Baker Hughes Inc., BHI 0.20 % as Continue Reading
The total U.S. rig count (both oil and gas) fell again this week from 406 to 404. While the U.S. oil rig count held fast at 318 as reported by Continue Reading
Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%Progress: 0%Stream TypeLIVERemaining Time -0:00Playback Rate1Chapters Chapters Subtitles subtitles off Captions captions settings captions off Fullscreen This is a modal window. No compatible source Continue Reading
Firefighting efforts and favorable weather conditions on Friday stopped the growth of forest fires in northern Alberta that have prompted evacuations and disrupted crude-oil production, provincial officials said. The size Continue Reading
Alberta officials are counting on cool, humid weather in the coming days to help them better contain a raging wildfire in the heart of Canada’s energy industry and allow them Continue Reading
As oil prices rise on market balance sentiment, the Norwegian government said oil production in April was 3 percent higher than expected. The Norwegian Petroleum Directorate published preliminary production figures Continue Reading
Oil prices rose in early trading on Friday as turmoil in Nigeria, shale bankruptcies in the United States and crisis in Venezuela all contributed to tightening supplies. Despite this, brimming Continue Reading
As the fear of a potentially hugely huge 0.25 percent U.S. interest rate hike in June reverberates around the world, a firming US dollar has greased the wheels for an Continue Reading
Natural-gas prices inched up Thursday after government data showed a smaller-than-expected addition to stockpiles. The U.S. Energy Information Administration said stockpiles grew by 73 billion cubic feet last week, compared Continue Reading
Oil prices are drifting lower Thursday on a stronger dollar and an unexpected increase in U.S. crude inventories. The fall comes after a rally in recent sessions fueled by production Continue Reading
Crude oil prices, turning lower following comments from the U.S. Federal Reserve Board, dropped further Thursday amid European concerns of subdued growth. Minutes from the April meeting of the Federal Continue Reading
After a dismal start to the year, oil prices staged a partial recovery, with dated Brent Blend, the global benchmark, rising by almost 70% from a 13-year low of US$26/barrel Continue Reading
Oil traders from Houston to the North Sea are tapping into plentiful storage onshore and offshore, evincing little sign of concern yet about mammoth supply losses from Canada to Nigeria Continue Reading
Marcellus Shale Tower The latest drilling productivity report from the Energy Information Administration (EIA) has shown that the Marcellus shale continues to be the largest source of natural gas in Continue Reading
The scenario above shows an Oil Shock Model with a URR of 3600 Gb and EIA data from 1970 to 2015 and the Annual Energy Outlook (AEO) 2016 early release Continue Reading
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Hoshyar Zebari. Photographer: Ahmad aL-Rubaye/AFP via Getty Images Iraq has reached a $5.4 billion, three-year loan agreement with the International Monetary Fund to help OPEC’s second-biggest producer repair public finances Continue Reading
IMF finds the Saudi economy is slowing under pressure from lower crude oil prices, though reforms are pushing momentum more or less in the right direction. Photo by Fedor Selivanov/Shutterstock Continue Reading
Noble Leviathan Israeli media have reported that U.S.-based Noble Energy and Israeli partner Delek Group have reached a preliminary deal with the Israeli government that would allow them to move Continue Reading
Petroleos Mexicanos is in talks with Exxon Mobil Corp., Total SA and Chevron Corp. as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Continue Reading
Iran Kuwait Offshore Field Kuwait’s state-run oil company is planning US$42 billion in investments by 2022, as the country pursues a three-fold strategy to increase oil production, expand its refineries Continue Reading
The recently published economic reform plan for Saudi Arabia, Vision 2030, is completely unrealistic, writes ex-Shell geoscientist Jilles van den Beukel. He argues that it should be seen in the Continue Reading
Colombia’s second-largest oil pipeline has been taken offline by a rebel attack which spilled crude oil into the Bojaba river, this is the fourteenth such attack this year. While no Continue Reading
Venezuela can’t pay its millions of dollars in debt to Indian pharmaceutical companies, say Indian officials, so officials are considering a proposal that would see the Latin American company swap Continue Reading
Image caption The weather office has issued several warnings of “severe heat wave” conditions in recent days A city in India’s Rajasthan state has broken the country’s temperature records after Continue Reading
Prices for oil futures have jumped by almost a quarter since April, lifted by severe supply disruptions caused by triggers such as Canadian wildfires, acts of sabotage in Nigeria, and Continue Reading
A Texas oil company working in the state shale basins, as well as those in North Dakota, said it was working to eliminate its debt through a restructuring plan. Halcon Continue Reading
The cost of installing solar energy in the United States is down more than 50 percent since the start of a federal support program, the Energy Department said. The federal Continue Reading
Natural gas-fired capacity additions include plants completed and under construction. Natural gas-fired power generation increased 19% in 2015, because of low natural gas prices , increased gas-fired generation capacity , Continue Reading
Halcon Bankruptcy Halcon Resources Corp (NYSE:HK) announced yesterday that it is filing for Chapter 11 bankruptcy protection as part of a restructuring agreement with creditors—a move that could wipe out Continue Reading
Some 15 to 20 nuclear power units in the US are “at risk” of being shut over the next five to 10 years due to economic challenges such as low Continue Reading
Alberta firefighters successfully defended Suncor Energy Inc. and Syncrude Canada Ltd.’s oil-sands sites from wildfires as rain brought some relief and the blaze that shut more than a million barrels Continue Reading
Firefighters made progress against a wildfire in the Fort McMurray region of northern Alberta on Thursday as a shift in winds pushed it away from communities and oil sands facilities. Continue Reading
Russian energy company Gazprom said Thursday it was trimming its construction plans on a natural gas pipeline to the Far East in order to save capital. With a European economy Continue Reading
Oil extended its decline for a second day as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest level in more than eight decades. Futures slid as much as Continue Reading
Oil prices are yet to reflect all of the millions of barrels of crude lost to supply disruptions, according to Australia & New Zealand Banking Group Ltd. Almost 2.5 million Continue Reading
Oil prices fell on Thursday, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. Brent crude futures LCOc1 were down Continue Reading
After a deluge of economic data overnight, and ahead of the weekly EIA inventory report, crude is edging higher, but traders were slightly disappointed by the EIA reported crude barrel Continue Reading
Oil demand in 2016 will stay strong, supporting prices, but the market is unlikely to rebalance by the year end, the Chief Executive of French oil and gas major Total, Continue Reading
Goldman Sachs Group Inc. upgraded its outlook for commodities for the next three months because of disruptions to oil supply, while staying bearish on industrial metals and gold. Supply constraints Continue Reading
