The Trans Niger Pipeline (TNP), one of Nigeria’s key oil pipelines remains shut for repairs, Shell spokesman Precious Okolobo said by phone yesterday. The pipeline, which carries Bonny Light crude Continue Reading
U.S. crude oil stockpiles fell sharply last week and gasoline inventories posted an unseasonably surprise large build as refineries ramped up production, the U.S. Energy Department said on Wednesday. Crude Continue Reading
Nation leads world in installations with 1-in-3 machines Grid halts some facilities to cope with excess power flows Trouble may be brewing in China’s renewable energy industry if idled wind Continue Reading
To paraphrase Dickens, it is the best of times, it is the worst of times in the oil patch. Two major mergers in the last six months appear to be Continue Reading
The US Gulf Coast crude market saw regional sour grades strengthen Wednesday after reports of shuttered production at the BP-operated Thunder Horse platform in the US Gulf of Mexico. Crude Continue Reading
Floating solar panel arrays are increasingly being deployed in places as diverse as Brazil and Japan. One prime spot for these “floatovoltaic” projects could be the sunbaked U.S. Southwest, where Continue Reading
Exxon’s official position has long been the same—a carbon tax is the best way to… Exxon Mobil Corp. XOM 1.70 % is ramping up its lobbying of other energy companies Continue Reading
Markets don’t like uncertainty, so it wasn’t a huge surprise that oil prices initially dropped by 5% in the wake of the UK’s unexpected vote last week to leave the Continue Reading
Oil prices rose in early trading in Asia on Tuesday as a looming strike in Norway threatened to cut output in western Europe’s biggest producer, although Britain’s vote to leave Continue Reading
Oil Rig There has been a lot of pessimism among oil investors in recent months, and indeed the bear market over the last couple of years in black gold has Continue Reading
