Nigeria’s hopes of ramping up its oil output this year have been diminished, as renewed attacks on oil infrastructure in the Niger Delta have shut-in production of popular export grade Continue Reading
As the U.S. dollar climbs higher and higher (and higher), the crude complex is getting blown over by the gale-force headwinds it is providing. We edge closer and closer to Continue Reading
Five-year schedule of lease sales leaves out Arctic, Atlantic Environmentalists have pressed for permanent protections The Obama administration’s decision to forgo auctions of new oil and gas drilling rights in Continue Reading
Residents of a town hit by Oklahoma’s strongest earthquake have filed a class-action lawsuit against dozens of energy companies, accusing them of triggering destructive temblors by injecting wastewater from oil Continue Reading
A late-term decision from the Obama administration to sideline some Colorado oil and gas reserves drew fire from industry circles anticipating an about-face. “The Obama administration has hijacked federal agencies Continue Reading
In an enclave of a city known as the Venice of America, where dream-big houses look out over a maze of picturesque canals, the comparison to the Venice of Italy Continue Reading
New York, Massachusetts are drawn into suit about probes Judge says Maura Healey, Eric Schneiderman must appear A federal judge in Texas is giving Exxon Mobil Corp. an unprecedented chance Continue Reading
Drill rig workers in the Permian basin, Texas. Permian Basin adds 11 rigs to total 229, D-J/Niobrara adds 2 Future gains hinge on oil price, Dakota Access pipeline Growing confidence Continue Reading
Diplomats from around the world converged here this week with the plan to put details on last year’s Paris climate accord and move the globe closer to controlling the industrial Continue Reading
Major oil-producing nations could implement a freeze in output levels as a tool to bring the market back into balance, Russia’s energy minister said Friday. Ministers and representatives from oil-producing Continue Reading
Saudi Arabia optimistic OPEC will reach deal to curb output U.S. currency rises to nine-month high against peers on Yellen Oil declined for a third day, trimming the first weekly Continue Reading
Up to 50% of oil majors’ production could be hit with carbon costs over the next decade, if the countries and regions that currently price carbon extend their policies to Continue Reading
OPEC member countries have proposed Iran cap its oil output at 3.92 million barrels per day (bpd) under a production-limiting deal for the whole group, a source familiar with the Continue Reading
To match Exclusive OPEC-OIL/ The energy minister for top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC’s deal to limit oil output and mentioned the lower Continue Reading
Egypt to get 2 million barrels of Kuwaiti crude a month Shipments not meant to make up for Egypt’s loss of Saudi fuel Kuwait renewed a contract to supply Egypt Continue Reading
Oil companies risk being left behind in the transition to low-carbon energy according to a report that says the industry is not investing enough in green technology. Growth in demand Continue Reading
Political people in the United States are watching the chaos in Washington in the moment. But some people in the science community are watching the chaos somewhere else — the Continue Reading
Asian refiners are hopeful that US President-elect Donald Trump’s policies might boost US crude production and back out imports, leading to an increase in available crude supply halfway around the Continue Reading
Natural gas-fired and renewable resources are expected to enjoy growing generation mix shares over the next three decades, driven by low-cost gas and renewable energy cost declines and performance improvements, Continue Reading
The oil market has been counting on Iran as a key new source of supply, and the current uncertainty may see investors step back. (Bloomberg) — Iran’s resurgent oil industry Continue Reading
Imagine making the world’s largest oil exporter sweat it out, even before you take office. That’s exactly what Donald Trump is doing. The new president-elect has said repeatedly that the Continue Reading
Tullow Oil, Noble Energy avoiding deep-water exploration Wood Mackenzie expects African output to decline 46% by 2030 Drillers burned by a two-year slump in crude prices are slowing exploration of Continue Reading
Amount to be settled through crude oil sales over five years Agreement is less than the $6.8 billion previously discussed Nigeria reached a $5.1 billion settlement to reimburse foreign oil Continue Reading
The International Energy Agency (IEA) has dramatically scaled back its outlook for coal demand growth over the next 25 years, Carbon Brief analysis shows. The 2016 World Energy Outlook sees Continue Reading
With optimism building around Texas shale, regional economists gather in Houston to assess current market conditions. Photo by Calin Tatu/Shutterstock HOUSTON, Nov. 17 (UPI) — With renewed focus on Texas Continue Reading
A new data-driven drilling program could increase the productivity of operations for Danish company Maersk, a marine division of GE announced. GE said it was working with Maersk Drilling on Continue Reading
Fracking rig The U.S. Geological Survey just published an assessment of oil reserves for a section of the Permian Basin, revealing the largest estimate of continuous oil that the agency Continue Reading
The value of any commodity is based on its supply and the demand in the market. If one of them is disrupted, it affects prices. Natural gas has been a Continue Reading
By now, the shock from Donald Trump’s victory in the U.S. presidential election should be starting to subside, but this is hardly the case with worries over America’s course to Continue Reading
US natural gas in storage increased 30 Bcf to 4.047 Tcf in the week ended November 11, the US Energy Information Administration reported Thursday, breaking the previous all-time high of Continue Reading
Twice a candidate in the Republican presidential primary, Rick Perry is reportedly on a short list of names to lead the Energy Department for President-elect Donald Trump. Former Texas Gov. Continue Reading
U.S. shale oil producers will increase their output if oil prices hit $60 a barrel, meaning OPEC will have to walk a fine line if it curtails production to prop Continue Reading
Oil prices steadied on Thursday as expectations of an OPEC deal to limit production were balanced by growing evidence of heavy oversupply and rising stocks, particularly in the United States. Continue Reading
While highly politically and economically charged behind-the-scenes OPEC talks are going on, the market and analysts are now factoring in another unknown that could come from outside OPEC and theoretically Continue Reading
Lifting at a rig Millions of barrels of excess crude oil are weighing down tankers that are being filled from pipelines coming from fields where rows of overworked pump jacks Continue Reading
14 of 20 analysts expect OPEC accord at Nov. 30 meeting Only seven say group will settle on individual member targets OPEC will complete an accord to cut production this Continue Reading
Crude supplies expand for third week, longest run since August Iran, Iraq oil ministers skipping informal OPEC talks in Doha Crude oil traded near $46 a barrel as Saudi Arabia Continue Reading
OPEC countries are ready to reach a “forceful” agreement on cutting oil output, Venezuelan President Nicolas Maduro said on Wednesday, following a meeting with OPEC Secretary-General Mohammed Barkindo in Caracas. Continue Reading
OPEC and Russia will meet in Doha on Thursday for another round of talks without ministers from Iran and Iraq, the two countries that pose the biggest obstacle to a Continue Reading
Iraq’s oil minister will bypass energy talks this week in Qatar, where rival producer Saudi Arabia plans to hold talks with Russia on possible collective action to limit production. His Continue Reading
Oil Pumps If the oil industry’s upstream investments continue to be lower next year, there is a material risk that the world could end up with a shortage in new Continue Reading
Norwegian oil and gas company DNO said Wednesday it signed a memorandum of understanding to examine oil field development in Iran. DNO signed an agreement with the National Iranian Oil Continue Reading
Saudis chilling One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded Continue Reading
Niger Delta Avengers, NDA, yesterday blew up the Nembe 1, 2 and 3 trunk line jointly operated by Agip, Oando and Shell Petroleum Development Company, SPDC, disrupting the supply of Continue Reading
Port Harcourt — Militant groups are fighting for a greater share of the Niger Delta’s vast oil wealth The sand is still hot under our feet. The oil thieves must Continue Reading
A wave that has lifted some coal prices to more than double in the last six months may be about to ebb away, turned back by China’s move to loosen Continue Reading
Power plants across North Asia are running at full tilt as the region braces for the early onset of winter, underpinning prices for the coal, gas and oil they need Continue Reading
Donald Trump has accused China of driving down the yuan , but Beijing’ recent moves to let its currency weaken faster than expected appear to have more to do with Continue Reading
President-elect Donald Trump is very unlikely to restrict imports of crude oil from Saudi Arabia despite threats to do so issued during the election campaign. Trump is first and foremost Continue Reading
Walmart announced an aggressive plan to increase its investments in renewable energy, pledging to power half its operations from wind, solar, and other renewables by 2025 and to cut the Continue Reading
