Indonesia’s efforts to boost upstream petroleum investments to mitigate falling production have not made much headway in recent years, further entrenching its reliance on imports. Nearly two years after Joko Continue Reading
The world’s coal resources are clearly huge. How could China, or the world in total, reach peak coal in a timeframe that makes a difference? If we look at China’s Continue Reading
The United States Advanced Battery Consortium LLC (USABC), a collaborative organization of FCA US LLC, Ford Motor Company and General Motors, awarded a $4-million contract to SiNode Systems Inc. for Continue Reading
California will have its first test of plans to keep the lights on this summer following the shutdown of the key Aliso Canyon natural gas storage facility as temperatures in Continue Reading
Hotter weather and higher natural gas prices have helped increase coal consumption for power generation to near a year-high mark. Coal consumption last week topped 16.5 million st, a weekly Continue Reading
A magnitude-3.7 earthquake hit central Oklahoma early Monday, the U.S. Geological Survey reported after several similar small tremors rocked the oil-rich state last week. The USGS recorded the tremor near Continue Reading
The number of rigs actively working on the shale basins of North Dakota was unchanged from last week despite a major late-week rally in oil prices, data show. Data show Continue Reading
U.S. oil major Marathon said Monday it spent $888 million to acquire a rival that has a strong portfolio in the shale oil basins of Oklahoma. Marathon Oil Corp. signed Continue Reading
“Like an oil lease, you’re easily disposable,” the villainous J.R. Ewing quipped to his beauty queen wife in the 1970s television series Dallas . Readers of the latest edition of Continue Reading
The world’s private equity funds, with a cash pile of around $1 trillion, are stepping up their interest in the oil and gas industry, with almost a half expecting to Continue Reading
Oil and gas producer Marathon Oil Corp’s plans to buy a small Oklahoma producer is the latest signal U.S. shale companies are pouncing on properties in the state’s high margin Continue Reading
Scottish government setting aside funding to push the development of offshore wind energy technolgy. File Photo by Teun van den Dries/Shutterstock EDINBURGH, Scotland, June 20 (UPI) — The Scottish government Continue Reading
When Deputy Crown Prince Mohammed bin Salman first announced the Kingdom’s post-oil blueprint in April many commentators were skeptical . Saudi Arabia, they said, has been talking about ditching its Continue Reading
World Energy 2016-2050: Annual Report “Political Economist” June 2016 The purpose of this annual report is to provide an analytical framework evaluating the development of world energy supply and its Continue Reading
1. Introduction Peak Oil is the moment in time when, on a global scale, the maximum rate of oil production is reached. The moment after which oil production, by nature, Continue Reading
If the demographic projections by the United Nations will turn out to be true, the world population should reach over 11 billion people by 2100 . Some think that it Continue Reading
My years of research for I’m Right, You’re an Idiot , as well as decades of experience in public relations, have persuaded me that we humans have a fickle relationship Continue Reading
“The end results are definite and dire, that much is known.” 7,827 PEOPLE DIED TODAY. Men, women, children, and all religions alike. It was avoidable, it was unnecessary, and the Continue Reading
Oil gained for a second day above $48 a barrel as the dollar retreated, boosting the appeal of commodities priced in the U.S. currency. Futures rose as much as 1.1 Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, in this March 24, 2016 file photo. Oil rallied on Monday, lifted by a Continue Reading
Here comes Canadian oil to douse the hottest rally since 2009. Money managers reduced bets on rising oil prices by the most in 11 months as Canadian output continued to Continue Reading
Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float freely on Monday, said Continue Reading
The new chief executive of Petróleo Brasileiro SA PBR 6.43 % has vowed to return Brazil’s troubled state oil company to “greatness,” by shedding assets—and outdated ideologies—that no longer serve Continue Reading
With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery Continue Reading
Explorer to begin largest-ever development drilling program Oil and Natural Gas Corp., India’s biggest explorer, is preparing to spend on its biggest ever crude binge as sub-$50 oil halves the Continue Reading
Japan, the world’s largest importer of natural gas, is testing its clout while trying to rewrite the rules of a saturated market. Japanese buyers are chafing at the premiums they Continue Reading
The Elevation Resources drilling rig is shown at the Permian Basin drilling site in Andrews County, Texas, U.S. on May 16, 2016. Two years into the worst oil price rout Continue Reading
Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less Continue Reading
Tesla introduced its Model 3 sedan in Hawthorne, Calif., in March. The Model 3 is… Electric cars are poised to reduce U.S. gasoline demand by 5% over the next two Continue Reading
After Kullin Orcutt lost his job at the Peabody coal mine this spring, he knew what he needed to do: join the exodus. “Leave Gillette, leave the state,” he said. Continue Reading
Alaska has long been one of the few U.S. states without an income tax. Thanks to its incredible bounty of natural resources, the state had more than enough cash coming Continue Reading
In this article I will show that ERoEI is almost totally unimportant by itself. It does not matter if ERoEI is increasing or decreasing. ERoEI provides no guidance about which Continue Reading
Having turned round its North American shale business, Royal Dutch Shell is putting so-called unconventional energy at the heart of its growth plans, and believes lessons from the revamp can Continue Reading
The words “slavery” and “oil”, when used together, are usually reserved for use in the context of palm oil, but the offshore oil and gas industry isn’t immune to modern-day Continue Reading
The ITER fusion reactor will fire up for the first time in December 2025, the €18-billion project’s governing council confirmed today. The date for “first plasma” is 5 years later Continue Reading
It is national flip-flop day, and the oil market is acting accordingly. After reaching a one-month low after six consecutive days of losses, crude has changed direction today, and is Continue Reading
Brexit anxiety dominated markets this week after new polls revealed heightened odds of a Leave vote. From June 9th to June 16th, the GBP weakened considerably and the EUR/USD sank Continue Reading
Oil prices rose for the first time in seven trading sessions on Friday as the US dollar eased, but still saw their biggest weekly decline since early May. Anxiety ahead Continue Reading
Mexico’s national oil company Pemex said on Friday it may be forced to shut its largest refinery in the next few days if ongoing protests in the southern state of Continue Reading
Venezuelan police have arrested hundreds of people as the country’s food crisis erupted into deadly looting this week, heightening hardship and political uncertainty in the impoverished oil-producing nation. Dozens of Continue Reading
With gasoline prices still below what they were last year, U.S. consumer demand moved higher by about 2 percent, an industry report said. In its monthly market report for May, Continue Reading
Lingering strains for a weak oil economy means the Texas city of Houston may be on the brink of recession, a report from a federal reserve bank said. Houston hosts Continue Reading
In an immaculate control room at the Watts Bar nuclear plant, green bars flash on a large screen, signaling something that has not happened in the United States in two Continue Reading
Oil Train Derails Oregon transportation officials are now calling for a halt of Union Pacific trains after a derailment on the third of June. Eleven cars from a 96-car train Continue Reading
NASA will test new propulsion technology using an experimental airplane now designated the X-57 and nicknamed “Maxwell.” The X-57 features 14 electric motors turning propellers, all of them integrated into Continue Reading
U.S. drillers this week added oil rigs for a third week in a row for the first time since August, according to a closely followed report on Friday, as producers Continue Reading
Is the U.S. shale oil industry in trouble? No, it is engaged in a high-stakes competition for market share. As oil flooded the market in 2014-15, prices dropped dramatically and Continue Reading
Even though oil prices remain low compared with 2014 levels, the Russian economy has adapted and is on the path toward growth, the president said. “We are essentially out of Continue Reading
Russia’s Lukoil may consider spinning off or selling its downstream assets in Europe to focus on exploration both in Russia and abroad, Chief Executive Vagit Alekperov told Reuters in an Continue Reading
Russia still wants a new pipeline route to export gas to southern Europe despite the cancellation of the South Stream gas project, President Vladimir Putin said on Friday. Putin said Continue Reading
