Cuban oil explorer lifted by easing U.S. sanctions
One of the few foreign energy companies working in Cuba said the momentum is moving in its favor as the U.S. government eases restrictions on its Cold War foe. The Continue Reading
One of the few foreign energy companies working in Cuba said the momentum is moving in its favor as the U.S. government eases restrictions on its Cold War foe. The Continue Reading
U.S. Energy Information Administration, based on International Commission on Large Dams and IAEA Power Reactor Information System Note: Japan’s Kashiwazaki-Kariwa nuclear facility has not operated since being shut down in Continue Reading
China’s crude oil production fell 9.8 percent in September from a year earlier, marking the second-biggest year-on-year decline on record, government data showed, as major producers shut high-cost wells to Continue Reading
September oil output rose 0.3% from August to 3.9 million b/d Country’s production likely won’t rebound this year: ICIS China’s crude output stabilized after falling to the lowest level in Continue Reading
The Chinese economy expanded at an annual rate of 6.7 percent in the third quarter, in line with the government’s full-year target, but exacerbating fears of inflated corporate debt levels Continue Reading
The deepwater oil industry is not dead, even after the brutal drop in oil prices in recent years, but activity will focus on regions such as Brazil and the Gulf Continue Reading
The massive Big John dragline works to reshape the rocky landscape in some of the last sections to be mined for coal at the Hobet site in Boone County, West Continue Reading
U.S. independent refiners such as PBF Energy ( PBF.N ) and Phillips 66 ( PSX.N ) are expected to report another quarter of disappointing profits in coming weeks, as hopes Continue Reading
SM Energy’s $1.6 billion Permian buy is ripe for long wells A well in Ohio holds the unofficial record at 18,544 feet Long is the new deep. Just ask SM Continue Reading
North Dakota drilling costs have fallen by half since 2014 Exit of other explorers ‘creates some opportunity,’ CEO says Oasis Petroleum Inc.’s double-down on North Dakota’s Bakken oilfields shows the Continue Reading
Perched on a rocky coastal cliff in central California, surrounded by rolling hills and a nature reserve, the Diablo Canyon nuclear power plant has been a lightning rod for controversy Continue Reading
Monday’s drilling productivity report from the EIA shows the agency’s somewhat pessimistic expectations for domestic U.S. production. From October to November, the EIA estimates total new-well oil production in the Continue Reading
Mid west wind turbines Wind energy is changing the economy of the Midwest. Wind is the fastest growing source of electricity in the United States, and about 70 percent of Continue Reading
Energy storage technologies impact a quarter of corporate debt Fitch urges utilities to diversify to limit risk of disruptive Battery technologies starting to disrupt the electricity and automobile industries may Continue Reading
Environmental group Greenpeace said Tuesday it filed a lawsuit against the Norwegian government for giving energy companies consent to drill in Arctic waters. The group’s Norwegian branch and regional advocate Continue Reading
For the first time, European ministers said they committed to working with non-member states near the eastern territorial border on greening up the economy. The first meeting of ministers for Continue Reading
Oil companies face a “resoundingly negative” threat from a sharp growth of electric cars, one of the leading credit rating agencies has warned. “Widespread adoption of battery-powered vehicles is a Continue Reading
Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. Royal Dutch Shell is currently offering Continue Reading
U.S. stockpiles probably rose by 2.1 million barrels: survey Intervention may see market rebalance before end-2017: Birol Oil shrugged off data forecast to show U.S. stockpiles gained a second week, Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices rose early on Tuesday as some analysts said markets Continue Reading
Offshore exploration has been a rare bright spot for the global oil and gas industry lately. Some of the movement in the offshore sector is coming as governments get more Continue Reading
Crude futures were steady Monday on a stronger dollar, another weekly U.S. oil-rig count rise and market belief that any momentum gained from OPEC’s agreement to cut production has now Continue Reading
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, record OPEC-output, and slowing global economic growth which could erode fuel demand. U.S. Continue Reading
Oil companies face a “resoundingly negative” threat from a sharp growth of electric cars, one of the leading credit rating agencies has warned. “Widespread adoption of battery-powered vehicles is a Continue Reading
It might seem surprising to find the world’s chemical companies on the front lines of preventing climate change , fighting to disrupt their own industries. But in a sweeping accord Continue Reading
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. Continue Reading
National Iranian Oil Company (NIOC) said that it would open bidding for upstream oil and natural gas projects Oct. 17 for the first time since Iran reached a nuclear deal Continue Reading
Kuwait’s finance minister and acting oil minister, Anas al-Saleh, said on Monday he was optimistic that an understanding on production “at least” would be reached between producers at an OPEC Continue Reading
OPEC’s struggle with the first step of its new production deal — agreeing on how much its members are pumping — deepened as Iran became the third nation to openly Continue Reading
It has been ten months since the international community lifted sanctions against Iran’s oil and gas sector, paving the way for the country to rebuild its lost production capacity and Continue Reading
Iran hopes to raise its crude oil production to around 4 million b/d in the next two weeks, up from the current level of 3.89 million b/d, a senior National Continue Reading
Group surprised market last month with plan to cut production Big Oil must invest to avoid supply crisis, Dogma Capital says When the bosses of the world’s biggest oil companies Continue Reading
Barkindo Rouhani At the 23rd World Energy Congress in Istanbul last week, talks regarding the OPEC crude oil production freeze took a surprising turn. Energy Minister Noureddine Boutarfa from Algeria Continue Reading
Emir Kuwait Kuwait’s emir Sheikh Sabah al-Ahmad al-Sabah ordered the dissolution of Parliament over the weekend, citing security concerns and “the circumstances in the region”, which includes the oil price Continue Reading
Libya oil Libya’s oil production has reached 551,000 barrels per day, according to National Oil Corporation chairman Mustafa Suna’a-Allah—a figure that brings Libya closer to its target of 900,000 barrels Continue Reading
Interbank lending rates extend advance as liquidity tightens Central bank pledge of $5.3 billion failed to ease crunch Saudi Arabia has work to do to ease pressure in the kingdom’s Continue Reading
Emileidy Ojeda breastfeeding her four-month-old son David in July in San Francisco de Yare, Venezuela. CUMANÁ, Venezuela—Medical staff at the University Hospital in this eastern Venezuelan city delivered two premature Continue Reading
Swap offer applies to as much as $5.325 billion of 2017 debt Deadline for investors to accept exchange was Monday Petroleos de Venezuela SA, the state oil company seeking to Continue Reading
Rosneft may use Venezuelan crude at Essar’s Vadinar refinery India forecast by IEA as world’s fastest growing oil consumer A $13 billion deal involving Russia in India threatens to weaken Continue Reading
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region October 2016 November 2016 change October 2016 November 2016 change Bakken 900 923 23 1,247 Continue Reading
Major development this past week in the world’s top natural gas play — the Marcellus shale of the northeastern U.S. Lawmakers in Pennsylvania — where the bulk of the Marcellus Continue Reading
Cumulative sales of plug-in vehicles in the US topped 500,000 units in September, according to figures gathered by the US Department of Energy (DOE). The introduction of the first mass Continue Reading
The National Renewable Energy Laboratory (NREL), together with leading petroleum refining technologies supplier W.R. Grace, and leading pilot plant designer Zeton Inc., built a unique pilot-scale facility that can produce Continue Reading
Lithium carbonate After more than tripling in price this year, Lithium is no longer that dull commodity we take for granted in our consumer electronics: It’s the commodity powering the Continue Reading
U.S. shale oil production was expected to fall for a 12th consecutive month in November, according to a U.S. government forecast released on Monday, on the back of a two-year Continue Reading
A Norwegian regulator said a discovery of mostly natural gas was made in part of the North Sea not previously known to hold natural reserves The Norwegian Petroleum Directorate, the Continue Reading
Novak Russia Freezing global crude oil production for six months with an option for an extension would be the most appropriate and efficient way to rebalance the market, Russia’s Energy Continue Reading
BP chief executive Bob Dudley expects oil to trade at $50-$60 a barrel next year, he said on Tuesday, adding that his company would break even at prices slightly below Continue Reading
For more than two years the oil industry has suffered through its worst down cycle since the 1980s, and relief may not come until the middle of 2017 at the Continue Reading
Drill rig count climbs seventh week to highest since February Libyan crude output increases to 560,000 barrels a day: NOC Oil extended declines after U.S. producers increased drilling as the Continue Reading