Newly confirmed Environmental Protection Agency Administrator Scott Pruitt reiterated Tuesday his support of the agency’s mission and belief that being pro-energy and pro-environment was not an either-or proposition. Speaking to Continue Reading
John Wood Group plc has cut its workforce by 36 percent over a two year period, the oilfield services company revealed Tuesday. “Following a sustainable overhead cost reduction of $148 Continue Reading
Tokamak Energy’s contribution to putting fusion power into the grid by 2030: the ST40 prototype of a compact fusion reactor The world is facing a deep decarbonisation challenge, and major Continue Reading
When Hope Rosinski’s father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Pipeline companies Continue Reading
The hints of a pipeline spill are subtle: the hiss of rushing fluid, a streak of rainbow sheen. Tucked far below ground, a ruptured line can escape notice for days Continue Reading
U.S. crude oil production increased for the second consecutive month in November 2016, the first time this has occurred since early 2015. Increased drilling activity in the Permian region, which Continue Reading
It is the holy grail of the renewable energy sector – a cheap and efficient battery system that can store energy generated by renewables such as wind and solar. These Continue Reading
With the constant din of traffic noise from London’s M25 orbital motorway and the smell of diesel wafting in the air, Cobham service station in Surrey does not feel like Continue Reading
Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. U.S. West Texas Continue Reading
Oil prices rose on Monday, but gains were minimal as investors gauged whether an increase in U.S. drilling and record stockpiles would undermine efforts by producers to cut output and Continue Reading
Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. Hedge funds Continue Reading
Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is Continue Reading
In the past, forecasters had a relatively simple method of estimating whether demand for oil would increase or decrease and by how much. For the most part, they simply looked Continue Reading
The Brent crude price benchmark for millions of barrels of physical crude sales each day is poised for its biggest shakeup in a decade with a new grade added to Continue Reading
For the first time ever, hedge funds hold more than a billion barrels of bets that crude oil prices will rally. Money managers last week extended their faith in OPEC-led Continue Reading
FILE PHOTO: An oil pump jack can be seen in Cisco, Texas, August 23, 2015. Oil pricing agency S&P Global Platts is making the first major overhaul of its Brent Continue Reading
Slightly less than 10 percent of the drilling rigs currently in service in the world are operating in the Iranian oil and gas sector, a petroleum official said. Rokneddin Javadi, Continue Reading
Abu Dhabi awarded a 4 percent stake in its giant onshore oil concession to CEFC China Energy Co for a fee of 3.3 billion dirhams ($900 million), state-owned Abu Dhabi Continue Reading
Aramco IPO is the centerpiece of Saudi Vision 2030. $2 trillion valuation is desired. But Aramco pays a 20% royalty and 85% tax rate. Net present value of earnings only Continue Reading
Saudi Arabia is leaning toward listing its giant, state-run oil company in New York, London or Toronto and has soured on the prospect of floating shares of the firm on Continue Reading
Mexico’s plans to develop its shale oil resources have finally taken a step forward following years of largely fruitless efforts by the state owned company Pemex. Canada’s Renaissance Oil and Continue Reading
On Saturday, China said that it was suspending all imports of coal from North Korea as part of its effort to implement United Nations Security Council sanctions aimed at stopping Continue Reading
China’s top coal producers will meet on Tuesday to discuss plans for stabilizing output this year, the official Shanghai Securities News reported. The meeting organized by the China Coal Association Continue Reading
China’s steel mills and traders were scrambling to find alternative supplies of coking coal for steel making on Monday after Beijing slapped a surprise ban on coal imports from its Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Chinese independent, or teapot, refiners are bringing in rare cargoes of Continue Reading
US corporate tax reform plan for a tariff on imports, but not exports, could boost income for domestic producers, but it might also pump up gasoline prices and raise refiners’ Continue Reading
While the Permian field has enjoyed a continued boom, with a rising rig count and an increase in investment activity, other U.S. onshore shale and tight oil fields haven’t been Continue Reading
Scott Pruitt was confirmed Friday as administrator of the US Environmental Protection Agency by a 52-46 Senate vote. Oklahoma’s attorney general since 2011, Pruitt has sued EPA on behalf of Continue Reading
Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst Continue Reading
Russian oil producer Rosneft reported Monday it started new drilling operations in Iraq, alongside a Chinese contracting partner. Rosneft said it started a new exploration well, which according to state Continue Reading
While Canada and the U.S. ban Arctic drilling for oil and gas motivated by environmental concerns, and majors such as Shell pull out of their Arctic projects due to financial Continue Reading
The giant tankers anchored along the Scottish coast in the Firth of Forth weren’t going anywhere. They were just providing floating storage because there was no demand for their cargo, Continue Reading
Oil prices rose on Monday, but gains were minimal as investors gauged whether an increase in U.S. drilling and record stockpiles would undermine efforts by producers to cut output and Continue Reading
Oil held above $53 a barrel, after spending last week in the smallest trading range in 13 years, as investors weighed rising U.S. drilling activity against OPEC production cuts. Futures Continue Reading
U.S.-backed Iraqi forces fought Islamic State fighters on Monday to clear the way to Mosul’s airport, on the second day of a ground offensive on the jihadists’ remaining stronghold in Continue Reading
U.S. Defense Secretary Jim Mattis said Monday the United States does not intend to seize Iraqi oil, shifting away from an idea proposed by President Donald Trump that has rattled Continue Reading
Coal markets could be forgiven for feeling slightly confused about the recent signals coming out of top importer China, with both bullish and bearish developments in evidence. The most obvious Continue Reading
In the land where oil jobs were once a guaranteed road to security for blue-collar workers, Eustasio Velazquez’s career has been upended by technology. For 10 years, he laid cables Continue Reading
Companies like Tesla, Uber and Google have sparked a lot of interest in the roll out of autonomous vehicles (AVs), or driverless cars, and while it is still early days, Continue Reading
A new study, led by a team from The Stockholm Environment Institute (SEI) at the University of York, has found that in 2010, about 2.7 million preterm births globally—or 18% Continue Reading
Crude futures eased on Friday, caught between larger-than-expected growth in U.S. crude stocks and reports that the Organization of the Petroleum Exporting Countries could consider extending its production cuts beyond Continue Reading
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude Continue Reading
Oil wrestled with positive fundamental expectations and bearish present circumstances this week to remain glued to the $53 mark. In the present, stress of record high crude oil and gasoline Continue Reading
Despite hints from OPEC that the cartel would be extending its production cut deal, oil prices fell slightly this week. Oil continues to trade within a range with volatility falling Continue Reading
A report from Houston-based consulting firm Graves & Co. shows that the industry has suffered more than 440,000 jobs lost since the beginning of the most recent downturn. The recent Continue Reading
An oil tank is seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. Saudi Arabia is considering two options for the shape of Continue Reading
Gulf Arab states are poised to continue to spend billions of dollars on defense despite low oil prices causing severe budget deficits forcing Gulf States to introduce austerity measures and Continue Reading
A man points a nozzle at the camera at a Pemex petrol station in Mexico City, Mexico February 3, 2017. Mexico’s Finance Ministry said on Friday that national gasoline prices Continue Reading
A new era of low crude prices and stricter regulations on climate change is pushing energy companies and resource-rich governments to confront the possibility that some fossil-fuel resources are likely Continue Reading
Natural gas has fallen to a new three-month low thanks to lower-than-expected draws on storage, prompting the Wall Street Journal to report that the coming months may see bearish oversupply. Continue Reading
