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Month: February 2017

Category:
  • Iraq

Oil Police expose potential Basra refinery threat

Oil Police arrested two men suspected of ties to the self-proclaimed Islamic State (IS) militant group Wednesday as they tried to enter the Shuaiba refinery complex in Basra.The men did Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • South Africa

Future Giant Discoveries Could be Lurking Offshore South Africa

Future giant discoveries may be lurking in the Outeniqua Basin offshore South Africa, according to Anongporn Intawong, a team leader geologist at Spectrum. Future giant discoveries may be lurking in Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • Germany
  • Iran

BASF Looks to Invest in Iran’s Recently Opened Energy Sector

BASF SE is exploring options for tapping Iran’s recently opened energy market, making it the latest in a long line of German firms looking to expand into the Islamic Republic. Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • China
  • Coal
  • North Korea

North Korea says China ‘dancing to the tune of the US’

Coal exports to China are a key source of cash for the politically isolated nation North Koreans look over coal exports in the border town of Siniuju N Korea condemns Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • Asia

Oil sold out of tanker storage in Asia as market slowly tightens

Traders are selling oil held in tankers anchored off Malaysia, Singapore and Indonesia in a sign that the production cut led by OPEC is starting to have the desired effect Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • Biofuels

Oil industry infighting heats up as EPA weighs biofuels rule change

Oil companies showed deepening divides on the future of the U.S. biofuels program in solicited comments from the Environmental Protection Agency (EPA) over a plan sought by some refiners to Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • exports

U.S. Crude Exports Surge to a Record

Another week, another record for U.S. crude exports. Producers and traders shipped out 1.21 million barrels a day of U.S. crude in the week that ended February 17, the most Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • Pipelines

Billionaire Behind Dakota Access Pipeline ‘Underestimated’ the Power of Social Media

Billionaire Kelcy Warren, who faced months of protests over the Dakota Access oil pipeline, said his company followed every law and still fell into a “mess.” Warren “underestimated the power Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • International Oil Companies

Exxon Caves to Oil Crash With Historic Global Reserves Cut

No compatible source was found for this media. Citi’s Ed Morse Says OPEC Is Losing Its Clout Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple
Category:
  • Canada

Canada’s Fading Oil Promise Leaves U.S. Majors Struggling

Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers. Exxon Continue Reading

Posted On : 24 Feb 2017 Published By : Tom Whipple

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