At first, Nielle and Howard Hawkwood, who have ranched in Alberta’s foothills for 40 years, couldn’t believe the ”in-your-face industrialization” that accompanied the horizontal drilling and fracking of tight oil Continue Reading
It takes quite a bit to shock a Russian oil company, especially one operating amid economic sanctions on top of a crude oil price slump. To date, big Russian oil Continue Reading
NOAA’s Mauna Loa Observatory in Hawaii. (NOAA via AP) Scientists who measure and forecast the concentrations of greenhouse gases in the atmosphere said Monday that we may have passed a Continue Reading
The global oil price is hovering at about $30 U.S. dollars a barrel. Britain’s consumption of road fuel is growing at the fastest rate for more than a decade as Continue Reading
The readers of “The Doomstead Diner” are very skeptical about the possibility of a rapid transition to a 100% renewable powered world. 54% of them say that it is impossible. Continue Reading
Crude fell a third day after the number of rigs drilling for oil in the U.S. rose for a second week. Futures fell as much as 1 percent in New Continue Reading
Cheaper oil prices since 2014 have probably been of little net benefit to the global economy and may even have been a drag on growth, according to the European Central Continue Reading
The fall in oil prices over the past two years will add less to global growth than earlier thought and the overall impact could even be negative, the European Central Continue Reading
Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support. International Continue Reading
Iran plans to increase its refining capacity for crude and condensate by more than 70 percent within the next four years as it works to improve the quality of fuel Continue Reading
Iran’s new model oil contracts, designed to lure billions of dollars in foreign investment for its energy industry, still need revisions and the government is confident the first deals will Continue Reading
Fighters aligned with Libya’s unity government on Friday during the advance on Sirte. Forces aligned with Libya’s internationally backed unity government closed in on the center of the Islamic State Continue Reading
Oil workers at the Sarqala field operated by Russia’s Gazprom Neft have been targeted with explosives twice in the past week – the latest incidents in a campaign of intimidation Continue Reading
China cut crude production by the most in 15 years as producers shut higher cost fields. The world’s second-largest oil consumer reduced oil output in May by 7.3 percent from Continue Reading
China’s economy held steady, as industrial production gathered pace in May, retail sales maintained strong growth while investment cooled with improved structure, official data showed on Monday. Value-added industrial output, Continue Reading
Venezuela’s state oil company, PDVSA, is close to reaching deals to boost Schlumberger’s presence after the oilfield services provider said in April it would reduce operations because of payment problems, Continue Reading
Greenland has been abnormally warm this spring. (NASA) Nuuk, Greenland’s capital, soared to 75 degrees (24 Celsius) Thursday , marking the warmest temperature ever recorded in the Arctic country during Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Continue Reading
The Secretary of Iran Urban Economics Scientific Association (IUESA) Seyed Mohsen Tabatabaei made the remarks noting that that global demand for water follows extremely urbanization growth. he underlined that water Continue Reading
The oil market just hit a yellow light. Crude’s more than 90 percent from a 12-year low earlier this year has U.S. shale producers starting to return to their drilling Continue Reading
EV charging Three down, 77 to go – LA is installing a hundred new electric-vehicle charging stations across the city to utilize spare power generation capacity. Good news for EV Continue Reading
The chorus of doom surrounding the financial future of the oil sector added another voice last week, the consulting firm McKinsey & Co. The firm revised earlier rosy predictions and Continue Reading
Factors in recent oil price increase are neither dependable nor predictable. Before we pop the cork on the champagne to celebrate both WTI and Brent crude prices above $50 per Continue Reading
This week’s key data for the oil and gas industry shows a small rebound in U.S. oil production after months of declines. While U.S. crude stocks continue to fall, we Continue Reading
U. S. oil futures prices dipped below $50 a barrel on Friday, dragged down by an appreciating U.S. dollar and negative sentiment across financial markets, but analysts expect the recent Continue Reading
Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support. International Continue Reading
At least eight people were killed and scores wounded in twin suicide and car bomb blasts on Saturday in a Damascus suburb that contains Syria’s holiest Shi’ite Muslim shrine, state Continue Reading
Forces aligned with Libya’s unity government said on Friday they had taken control of the port of Sirte, making further gains in Islamic State’s North African stronghold. Brigades largely composed Continue Reading
Image caption Forces loyal to the unity government in Tripoli fought street battles with IS to take Sirte’s port back Libyan forces say they have re-taken control of the port Continue Reading
Niger Delta militants known as the Niger Delta Avengers have claimed responsibility for a major attack on a crude oil pipeline in Nigeria’s Bayelsa State run by Eni’s Agip subsidiary. Continue Reading
Agip pipeline damage An armed group seeking to secede from Nigeria, the Niger Delta Avengers (NDA), continued their attacks against oil pipelines in the west African nation on Friday with Continue Reading
A militant group has claimed responsibility for an attack on an oil pipeline operated by a Nigerian subsidiary of Italy’s Eni oil company. It is the second such bombing in Continue Reading
Image caption Venezuela’s Electoral Council President Tibisay Lucena said there were many irregularities in the petition Venezuela’s National Electoral Council (CNE) has ruled that 1.3 million people who signed a Continue Reading
A sharp drop in oil prices and global growth worries sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day in volatile trading Continue Reading
The hot summer months are the boom time for U.S. gasoline sales, and naturally the season when refiners are all-in on pumping out the motor fuel for drivers on U.S. Continue Reading
U.S. energy firms this week added rigs drilling for oil for a second week in a row for the first time since August, energy services firm Baker Hughes Inc said Continue Reading
US Congress Republicans in Congress appear set to approve a non-binding resolution opposing carbon taxes. The resolution, scheduled for a vote today, would put legislators in opposition to an approach Continue Reading
Donald Trump’s promise to gut U.S. environmental regulations and revive the controversial Keystone XL oil pipeline if elected president is a nightmare for green groups, but it may be a Continue Reading
The China Railway said on Friday that the Las Vegas-based XpressWest’s unilateral cancellation of a high-speed railway contract with its subsidiary is “a mistake” and “irresponsible.” The U.S. private company Continue Reading
Russia’s economy could show signs of recovery by the second half of 2016, assuming an average annual oil price of $40 per barrel, the Central Bank said. The Central Bank Continue Reading
Jobs supported by the UK’s offshore oil and gas industry will have fallen by an estimated 120,000 by the end of 2016, since their peak in 2014, according to employment Continue Reading
U. S. oil futures prices dipped below $50 a barrel on Friday, dragged down by an appreciating U.S. dollar and negative sentiment across financial markets, but analysts expect the recent Continue Reading
Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support. International Continue Reading
Natural-gas futures surged to a nearly nine-month high Thursday after weekly data showed stockpiles rose less than expected, stoking expectations that U.S. supplies could be falling at a time of Continue Reading
The International Energy Agency (IEA) sees the present length in the global gas market – as evidenced by spot prices lower than oil-indexed prices would be – continuing, with “heavy Continue Reading
Oil demand is set to surge in the short-term as refining capacity hits a record, yet the gains may not hold as a flood of fuel gluts the market, eroding Continue Reading
Oil investors are buying contracts that will only pay out if crude rises well above $100 a barrel over the next four years — a clear sign some believe today’s Continue Reading
Remember peak oil theory? It was all the rage just a few years ago. Serious books were devoted to the idea that the world was running out of crude. Deep Continue Reading
Unplanned global oil supply disruptions averaged more than 3.6 million barrels per day (b/d) in May 2016, the highest monthly level recorded since EIA started tracking global disruptions in January Continue Reading
Cash-strapped U.S. oil and gas companies, including No. 2 natural gas producer Chesapeake Energy Corp, are expected to cut their debt piles this year as a long-awaited rise in the Continue Reading
