The U.S. Army Corps of Engineers has been given the green light to proceed with the final permit necessary to finish the Dakota Access Pipeline, according to North Dakota Sen. Continue Reading
The Permian shale oil basin in the southern United States is among the few to show gains even during the market downturn, a federal report finds. Overall, the shale oil Continue Reading
Norwegian energy major Statoil said it closed on the sale of its entire oil sands operations in the oil-rich Canadian province of Alberta. Statoil said it completed the sale of Continue Reading
U.S. crude stocks rose last week, along with gasoline and distillate inventories, the Energy Information Administration said on Wednesday, as refiners continued to let stocks build in a seasonally slow Continue Reading
Endeavor Energy Resources LP, a privately-held Texas oil producer, is considering an initial public offering of stock to expand operations on more than 330,000 acres of land it controls in Continue Reading
In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. Here in the Permian Basin of Continue Reading
In January 2017, Entergy Nuclear and the state of New York reached an agreement to retire the two nuclear reactors at the Indian Point Energy Center , located in Buchanan, Continue Reading
Revenue from oil and gas production on federal and American Indian lands declines by almost 37% between 2015 and 2016 – and American Indian land development remains at a standstill. Continue Reading
The European Union is taking the lead in the transition to a low-carbon era by meeting many of its stated goals, commissioners said Wednesday. In a report on its progress Continue Reading
Russian Energy Minister Alexander Novak has announced that global oil output was cut by 1.4 million barrels per day last month, in the aftermath of the deal between OPEC and Continue Reading
I’ve been discussing the return of big oil and gas M&A the last several weeks. And yesterday we got more confirmation it’s “money on” right now in the global petroleum Continue Reading
Royal Dutch Shell Plc appeared to put the worst of the oil slump behind it as rising cash flow allowed Europe’s largest energy company to trim debt for the first Continue Reading
Shell CEO on 4th-Qtr Profit, Strategy and Globalization Royal Dutch Shell Plc reported fourth-quarter profit that missed analyst estimates after crude’s recovery drove up costs for refining while earnings from Continue Reading
The recent National Intelligence Council report assessing the involvement of Russia in last year’s U.S. presidential elections spurred a flurry of media reports suggesting that Russia is heavily involved in Continue Reading
U.S. crude oil inventories increased by 5.8 million barrels , according to this week’s American Petroleum Institute (API) inventory report published on Tuesday afternoon, compounded by large builds—again—in both gasoline Continue Reading
Oil futures edged higher Wednesday, with investors watching the progress of production cuts by major crude-producing countries, one month after the deal was implemented. Brent crude, the global oil benchmark, Continue Reading
A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. REUTERS/Stringer/File Photo Brent crude oil prices fell around 5 percent from their early January Continue Reading
Crude prices may have stabilized, but it’s still not a great time to be Big Oil. Investors eliminated about $53 billion in market value for producers over three days as Continue Reading
It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. Continue Reading
Saudi Arabia has introduced a value-added tax (VAT) with the approval of the International Monetary Fund (IMF), indicating the end of life without VAT across the Gulf. The decision was Continue Reading
Iran’s Oil Minister Bijan Zanganeh has said that U.S. oil companies willing to do business in Iran will not be banned from doing so. The remark, quoted by local and Continue Reading
Saudi Arabia may increase its oil investments in the United States due to a more fossil fuel-oriented energy policy by the U.S. administration of President Donald Trump, the kingdom’s energy Continue Reading
Oil flows out of Iraq suggest that the Middle East country is complying, at least in part, with OPEC’s plan to curb production. Observed shipments in January were 109,000 barrels Continue Reading
According to a provision of the recent OPEC production deal , the Islamic Republic of Iran is mandated to keep production below a threshold of 3.797 million bpd. Yet this Continue Reading
Royal Dutch Shell Plc, looking to pare debt swollen by last year’s acquisition of BG Group Plc, accelerated its drive to shed assets on Tuesday by agreeing to the sale Continue Reading
West African oil producers will next month send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region Continue Reading
Natural gas prices in the U.S. may tumble about 40 percent if President Donald Trump’s diplomatic showdown with Mexico becomes an all-out trade war. Prices could slide to $2 per Continue Reading
Mexico’s growth slowed in the fourth quarter, dragged down by falling oil production, even before the full impact of President Donald Trump’s potential to hurt the economy was fully felt. Continue Reading
Oil’s ‘New Normal’ at $60 in 2-3 Years: Fadel Gheit Exxon Mobil Corp.’s biggest profit miss in at least a decade is the starkest sign yet that major oil explorers Continue Reading
Iraq’s Parliament has re-launched a committee to investigate oil sector corruption – the latest in a series of attempts to hold senior officials accountable for allegedly taking bribes.In a Jan. Continue Reading
Petroleos Mexicanos ’s refinery output in 2016 fell to the lowest level in 26 years as government budget cuts forced the Mexican state oil company to delay maintenance. Only three Continue Reading
India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley said on Wednesday, as New Delhi wants to expand its foreign presence Continue Reading
The Philadelphia Energy Solutions oil refinery owned by The Carlyle Group is seen at sunset in Philadelphia March 26, 2014. Picture taken March 26, 2014. U.S. East Coast refiners are Continue Reading
Halliburton advises affected workers not to come to the U.S. Oil-services giant Halliburton Co. told employees to stay put. Another global oil company is reconsidering whether to place a crude Continue Reading
The national average for gasoline prices declined for 21 consecutive days, buoyed by the increase in crude oil production in the United States and lower driving demand, according to retail Continue Reading
The rupture and closure of a major crude oil pipeline in Texas jointly-owned by Enterprise Products Partners and Enbridge Inc. helped to push oil prices higher Tuesday as crews worked Continue Reading
ExxonMobil, the world’s largest listed oil company, has said it will be able to more than double its output in the Permian Basin region of the US and maintain it Continue Reading
The implications of a Trump presidency for the oil markets are hard to discern, given the unpredictability of the new administration. But a few possible scenarios are worth considering. The Continue Reading
The “Wind and Solar Will Save Us” story is based on a long list of misunderstandings and apples to oranges comparisons. Somehow, people seem to believe that our economy of Continue Reading
Crude is rallying on this final day of January, as hopes and projections of OPEC production cuts return to the fore once more. Before we charge into a new month Continue Reading
U.S. crude output rose for the second consecutive month in November, according to a U.S. government report released Tuesday. Evidence of the growth in U.S. production comes as the oil Continue Reading
Sen. John Hoeven (R-ND) questions U.S. Secret Service Director Joseph Clancy at a Senate Appropriations Homeland Security Subcommittee hearing on the Secret Service FY2016 budget on Capitol Hill in Washington Continue Reading
In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. Here in the Permian Basin of Continue Reading
LONDON—Royal Dutch Shell PLC is selling much of its British North Sea oil operations to a private-equity backed company for up to $3.8 billion, marking an important milestone in the Continue Reading
The U.S. for the first time is pushing more crude and refined petroleum products into Latin America than it brings back, signaling a change in the global trade map that Continue Reading
Royal Dutch Shell Plc’s $3.8 billion sale of North Sea oil and gas fields creates a model for further transactions in a region where the question of who pays to Continue Reading
Exxon Mobil Corp ( XOM.N ) boosted its 2017 capital budget on Tuesday by about 14 percent on a bet that crude prices have stabilized, but posted its lowest quarterly Continue Reading
In 1981 I was sitting on an eroded barren hillside in India, where less than 100 years previously there had been dense forest with tigers. It was now effectively a Continue Reading
