A Dakota pipeline’s last stand
In the Dakota language, the word “oahe” signifies “a place to stand on.” And that’s what the Standing Rock Sioux and its allies in the environmental and activist movements say Continue Reading
Protections for Rare and Endangered Animals Under Threat from Permian Basin Drilling Industry
Monarch butterflies, tiny lizards, and a type of grouse known as the lesser prairie chicken all drew close scrutiny from a large gathering of oil and gas executives at the Continue Reading
Oil market static in thin trade ahead of OPEC meeting next week
Oil trading was static early on Friday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity after the U.S. Thanksgiving holiday kept traders from taking big Continue Reading
OPEC talks struggle with question of market share: Kemp
The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. OPEC officials are struggling to reach a final agreement on how Continue Reading
For OPEC’s Rivals, Success Lies in Oil Market Far, Far Away
U.S., European oil shipments to Asia increase amid global glut Market contango makes long-haul voyages viable for sellers Rivals of OPEC seeking to reach its most-prized oil customers are finding Continue Reading
OPEC’s Last Push for Oil Deal Shifts Focus to Iran, Russia
OPEC’s final push to implement the Algiers supply accord and boost oil prices shifted focus to Iran and non-members such as Russia as Iraq appeared to reverse its opposition to Continue Reading
Projection Of World Fossil Fuel URR
An interesting paper was published by S.H. Mohr, J. Wang , G. Ellem , J. Ward , and D. Giurco in Feb 2015 entitled, Projection of world fossil fuels by Continue Reading
Oil Tanker Analysts Waiting on OPEC Plot Cuts of Their Own
The industry’s biggest ships, so-called very large crude carriers, are currently predicted to earn $31,000 a day in 2017, according to 13 analyst forecasts compiled by Bloomberg this month. As Continue Reading
Kazakh President Says Partners in Shell Oil Field Face Tax Claim
Kazakhstan’s authorities are looking at whether the Karachaganak oil and gas venture, which includes Royal Dutch Shell Plc and Eni SpA, has unpaid taxes. “The tax authorities have tax issues Continue Reading
Power Issues Cause Libyan Output To Plunge By 70,000 Bpd In Days
North Africa oil Power issues in key Libyan oilfields caused national oil output to drop by 70,000 barrels per day over the past week, according to Mustafa Sanallah, the chairperson Continue Reading
Nigeria’s Oil Minister Has Eye on Shale as OPEC Readies Cuts
Kachikwu sees crude rising just above $50 if deal is reached Producers due to meet on Nov. 30 to allocate output quotas As OPEC prepares for talks on eliminating a Continue Reading
Argentina plans railway to help lower shale drilling costs
Argentina’s national government is in the preparatory stages for equipping an aging railway and laying new train tracks to service the Vaca Muerta shale play. Jorge Ocampos, a legislator in Continue Reading
Hungry Venezuelans Flee in Boats to Escape Economic Collapse
The dark outlines of land had just come into view when the smuggler forced everyone into the sea. Roymar Bello screamed. She was one of 17 passengers who had climbed Continue Reading
Japan Is Aggressively Buying Up Oil And Gas Around The World
This coming year could be a surprisingly exciting time for oil and gas developers. Yes, energy prices are depressed right now. But not everyone sees that as a negative. In Continue Reading
A Housing Frenzy Bedevils Beijing
When a rumor spread in June 2015 that the Beijing city government would move most of its offices—potentially 400,000 workers—to the sleepy suburb of Tongzhou, property sales there doubled within Continue Reading
China’s October coal imports from North Korea up on month after falling in September
An employee walks between front-end loaders which are used to move coal imported from North Korea at Dandong port in the Chinese border city of Dandong, Liaoning province December 7, Continue Reading
Russia cements leading China oil supply position
Russia is cementing its position as the main oil supplier to China, the world’s biggest net importer and growth market for the fuel, taking over the lead from Saudi Arabia Continue Reading
Perils of Climate Change Could Swamp Coastal Real Estate
Real estate agents looking to sell coastal properties usually focus on one thing: how close the home is to the water’s edge. But buyers are increasingly asking instead how far Continue Reading
10 Countries that Are Running Out of Oil
These 10 countries that are running out of oil will face serious problems down the road unless new reserves are found and tapped into. For a while now, you can Continue Reading
Oil prices static on uncertainty over planned production cut
Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the U.S. Thanksgiving holiday kept traders from making big Continue Reading
Oil Falters Despite Iraq’s Promise of Production Cuts
Oil prices inched lower Wednesday with a surging dollar outweighing a public commitment from Iraq’s oil minister to cut production along with OPEC. Light, sweet crude for January delivery settled Continue Reading
Crude oil prices searching for OPEC direction
Crude oil prices staged an abrupt retreat in early trading Tuesday as doubts lingered over OPEC coordination. Crude oil prices bounced around net gains and losses in the early rounds Continue Reading
Kemp: OPEC Talks Struggle With Question Of Market Share
OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in September. In theory, all Continue Reading
Oil companies shoulder pain of downturn with lower output
The world’s listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry’s worst downturns as OPEC battles to agree on its Continue Reading
IEA expects oil investment to fall for third year in 2017
Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists, stoking volatility in crude markets, the head of the Continue Reading
Dollar Surge Weighs on Emerging Markets as Copper Extends Rally
The dollar extended gains, driving currencies in emerging markets to record lows, as the case strengthened for multiple U.S. rate hikes next year. Copper was set to close at its Continue Reading
How to Boost the Global Economy? Higher Oil Prices, Goldman Says
Forget the stagflation of the 1970s. Higher oil prices would be a boon for the global economy, according to Goldman Sachs Group Inc. Pricey crude means economies such as Saudi Continue Reading
Oil Price Hike From OPEC Deal May Snuff Itself Out, IEA Says
An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency. If Continue Reading
Russia to OPEC: Oil Freeze Is All You Get
Facing pressure from OPEC to make a significant output reduction, Russia reiterated its readiness to freeze oil production at current levels, arguing that the offer amounted to a cut compared Continue Reading
Iraq willing to cut oil output in OPEC’s plan to boost prices – minister
Prime Minister Haider Al-Abadi of Iraq addresses the United Nations General Assembly in the Manhattan borough of New York, U.S., September 22, 2016. Iraq is willing to cut its crude Continue Reading
Saudi Arabia’s Latest OPEC Headache: Russian Reluctance to Cut
For months, Russia has told OPEC its preferred option in any eventual oil-supply deal was to freeze production, rather than to cut it. Saudi Arabia, the bloc’s most powerful member, Continue Reading
Egypt: Cairo Governor Raises Taxi Fares Following Increase in Fuel Prices
The Cairo Governor announced on Tuesday that taxi fares’ initial charge will increase from EGP 3 to EGP 4, along with an increase in the rate per kilometer from EGP Continue Reading
Azerbaijan signals OPEC wants big cuts from non-OPEC producers
OPEC may ask oil producers outside the cartel to make big cuts in output, Azerbaijan said on Thursday, highlighting the challenges in striking a deal as the two sides enter Continue Reading
Iraq Says It Will Participate in OPEC Deal to Cut Output
Country urges OPEC to reduce output by 900,000 barrels a day Nation had previously insisted it should be exempt from cuts Iraq will shoulder part of the burden of oil-output Continue Reading
What Happens To Oil If Trump Tears Up Iran Nuclear Deal
U.S. President-elect Donald Trump has vowed to rip up the Iranian nuclear agreement on Day 1, and reimpose sanctions on Iran. The move could potentially have far-reaching consequences for the Continue Reading
Mixed bag for frontier oil reserves offshore Liberia
A division of Exxon Mobil announced Wednesday it started drilling its first well targeting reserves off the coast of Liberia. Exxon’s Liberian affiliate is working on developing the Mesurado-1 exploration Continue Reading
Nigeria: Govt to Niger Delta – Oil Facilities Destruction At Your Peril
The Federal Government has warned the people of Niger Delta region that the destruction of oil facilities will ultimately destroy their livelihoods, aspirations and future. Vice President Yemi Osinbajo gave Continue Reading
Nigeria: Oil Output Rises to 1.9MBD – Kachikwu
Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, yesterday, stated that Nigeria’s crude oil output had risen to around 1.9 million barrels per day. Kachikwu also disclosed that the Continue Reading
Nigeria: Shell Sued in UK for ‘Decades of Oil Spills’ in Nigeria
Emere Godwin Bebe Okpabi, leader of Nigeria’s Ogale people, unpacked four bottles of water from his homeland and lined them up on a table to show why his subjects are Continue Reading
Venezuela opposition says Vatican-brokered talks ‘frozen’
Venezuela’s opposition said on Wednesday that talks with the government were “frozen” after officials failed to attend meetings the previous day, throwing cold water on Vatican-brokered attempts to bridge the Continue Reading
Australian energy company rewarded for Cuban oil efforts
Australian energy company Melbana said its early work in Cuba has paid off with a contract extension. Photo by U.S. Department of State/UPI MELBOURNE, Nov. 23 (UPI) — An Australian Continue Reading
Argentina’s YPF to expand shale oil drilling with Petronas
Argentine state-controlled energy company YPF ( YPFD.BA ) said on Wednesday it plans to continue a pilot shale oil project with Malaysia’s Petronas ( PGAS.KL ), announcing an additional $192.5 Continue Reading
China Puts Oil Over Politics in Bid to Lift Venezuela Output
China’s move to invest $2.2 billion in Venezuela for a share of increased crude production shows a desire to extract itself from the country’s political fights while securing access to Continue Reading
Bruised Oil Nations Seek Solace in Fastest Growing Guzzler
Nigeria, Venezuela are among OPEC’s most hurt by the oil rout Indian oil demand is forecast to double through 2040 As the oil market anxiously awaits OPEC’s decision next week, Continue Reading
Two Children, One Rich, One Poor, Gasping for Air in Delhi’s Smog
In the dense smog that engulfed India ’s capital early this month, a baby named Vaishnavi gasped through the night. Inside the concrete room that her father and mother rent Continue Reading
China to probe illegal expansion in coal, steel sectors
China will send inspection teams to investigate and severely punish illegal expansion by coal and steel firms as part of its efforts to slim down the two industries, the country’s Continue Reading
China smashes world patent record with 1m filings in a year
China has become the first country to receive more than 1m patent applications in a single year — a record the World Intellectual Property Organisation said reflected “extraordinary” levels of Continue Reading
U.S. crude stockpiles fall as imports drop, refinery rates rise: EIA
U.S. crude oil stocks fell last week after three straight weeks of builds as imports dropped and refineries hiked output, while gasoline inventories rose sharply amid weak demand, U.S. Energy Continue Reading
Thanksgiving gas prices are the lowest in years
U.S. travelers leaving early on Wednesday to get a head start on the holiday will see some of the lowest gas prices in nearly a decade, the government said. U.S. Continue Reading
US lifts biofuel mandate in blow to oil companies
The White House handed a victory to the corn ethanol industry and dismayed oil companies by requiring US cars and trucks to burn more biofuels next year. The rule finalised Continue Reading