Basra oil terminal damaged in tanker accident
An oil tanker collided with a major piece of Iraq’s offshore export infrastructure late Friday, causing extensive damage to one of the four berths that comprise the al-Basra Oil Terminal Continue Reading
Oil streak continues offshore Senegal
After going eight-for-eight in oil discoveries off the coast of Senegal, Australian energy company FAR Ltd. said it expects a revision to reserve estimates. FAR Ltd. said it confirmed an Continue Reading
Analysis: Mexico refinery output rebounds as product imports move lower
Refinery production in Mexico is showing some recovery this year after the big drop experienced in 2016, an uptick that might have contributed to lower product imports so far this Continue Reading
China’s Sinopec Says Saudi Aramco Invited It to Be Investor
China Petroleum & Chemical Corp. said it was invited to invest in Saudi Arabian Oil Co. as part of what could be the world’s biggest-ever initial public offering. Talks are Continue Reading
Exclusive: Shell and Anadarko mull clean break from Permian venture
Royal Dutch Shell Plc ( RDSa.L ) and Anadarko Petroleum Corp ( APC.N ) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split Continue Reading
4 Factors Driving Oil Prices This Summer
Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count all adding to oil price volatility. And as the summer driving season approaches and Continue Reading
The DNA of oil wells: U.S. shale enlists genetics to boost output
A pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California January 18, 2015. A small group of U.S. oil producers has been Continue Reading
US producers build up sales hedges as oil falls
US independent oil companies have used derivatives to protect much more of their expected revenues against a fall in crude prices than they had a year ago, helping them sustain Continue Reading
EEStor Announces High Voltage High Permittivity Dielectric, Completed Million Cycle Testing and Initial Energy Density Results
Breakthrough results on CMBT permittivity at voltage Key energy density results achieved with 100 watt-hour/liter near-term target Independent verification of 1 Million cycle test results EEStor Corporation announced today that Continue Reading
Trump to Sign Executive Order to Roll Back Obama Climate-Change Policies
President Donald Trump will sign an executive order Tuesday taking steps to unravel the most contentious climate-change policies of his predecessor, the White House said. The Trump administration will formally Continue Reading
Trump poised to undo Obama actions on climate change
Donald Trump is to launch a far-reaching effort to undo Barack Obama’s environmental legacy by signing an executive order to roll back the former president’s action against climate change and Continue Reading
Planned Rollback of Climate Rules Unlikely to Achieve All Trump’s Goals
President Trump is expected to sign an executive order on Tuesday to roll back most of President Barack Obama’s climate change legacy, celebrating the move as a way to increase Continue Reading
How Do We Know That Humans Are Causing Climate Change? These Nine Lines of Evidence
While most Americans acknowledge that climate change is happening, some are still unsure about the causes. They are often labeled “climate skeptics,” but that label can cause confusion or even Continue Reading
Russia’s Lukoil to invest more offshore this year
Russian oil company Lukoil aims to invest at least four times as much on offshore oil and gas exploration than it did last year, a resources minister said. One of Continue Reading
Oil dips as rising US drilling offsets talk of an OPEC-led cut extension
Oil prices dipped on Monday as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended. Prices for front-month Brent Continue Reading
Oil Drops as Producers Say They Need More Time to Cut Stockpiles
A pledge by crude producers to consider extending their output-cut deal failed to excite oil bulls, with prices dropping as more time was seen needed to trim swollen global stockpiles. Continue Reading
Oil Speculators Can’t Dump Rally Bets Fast Enough Amid Glut
The bullish sentiment following OPEC’s deal is almost all gone. Hedge funds haven’t been so skeptical on rising West Texas Intermediate crude prices since Nov. 29, the day before the Continue Reading
Oil Exporters Nearly Back to Square One on Deal
You don’t need a fancy degree in petroleum engineering to figure out what has been weighing on oil prices—grade school math will do the trick. U.S. benchmark prices rallied from Continue Reading
Oil Producers Consider Output Cut Extension as Support Grows
Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles. Five OPEC members and Oman backed Continue Reading
Oil nations look at extending supply cut
Major oil producers are considering extending their recent cuts to output in a fresh bid to boost prices. Countries in the oil cartel Opec and several other oil nations started Continue Reading
OPEC, non-OPEC oil producers meet in Kuwait over output-cut compliance
A worker checks the valves at Al-Sheiba oil refinery in Basra, Iraq, January 26, 2016. OPEC and rival oil producers are meeting in Kuwait on Sunday to review their progress Continue Reading
Libya’s National Oil Corp warns of new attempt at independent oil sales
Libya’s National Oil Corporation (NOC) said on Sunday that it had identified “illegal” efforts to sell crude oil without its approval and warned potential buyers not to enter into such Continue Reading
China Tanked Oil Once, It Can Do It Again
China has a knack for putting stars in commodity executives’ eyes, and then knocking them out. With oil once again under pressure—global benchmark Brent is down 10% since the beginning Continue Reading
In Rare Move, Chinese Think Tank Criticizes Tepid Pace of Reform
BEIJING — China ’s ambitious plan to revamp its economy has bogged down. Flabby state conglomerates have thwarted attempts to whip them into commercial shape. Rules that treat millions of Continue Reading
Trump to sign order on Tuesday easing energy regulations: officials
President Donald Trump will sign an order on Tuesday aimed at making it easier for companies to produce energy in the United States, administration officials said on Sunday. Under Trump, Continue Reading
Exclusive: Shell and Anadarko mull clean break from Permian venture – executive
Royal Dutch Shell Plc ( RDSa.L ) and Anadarko Petroleum Corp ( APC.N ) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split Continue Reading
Shell’s New Permian Play Profitable At $20 A Barrel
OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp., Continue Reading
Oil Creeps Higher
Global crude futures edged higher Friday as traders turned their attention to a meeting of a committee monitoring OPEC’s production cuts, amid growing concerns that the group’s efforts haven’t been Continue Reading
Oil Drops for Week on U.S. Supplies Before OPEC, Allies Meet
Crude oil had its third weekly loss in a month as OPEC and its allies prepared to meet for a review of their production cuts, while swelling U.S. stockpiles indicated Continue Reading
Don’t Expect Low Investment To Raise Oil Prices
In the late 1980s, some people in the oil industry were said to have bumper stickers reading, “God give me one more boom and I promise not to mess it Continue Reading
Will Iran Cut Production If OPEC’s Deal Is Extended?
Oil prices fell this week on oversupply concerns and while certain OPEC members have showed interest in extending the current deal, a new deal is far from certain (Click to Continue Reading
OPEC and Allies Gather as Oil Market Warns Them: Job’s Not Done
OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done. As producers meet in Kuwait Continue Reading
Nigeria: $12 Billion Trans-Sahara Gas Pipeline On Track – NNPC
The Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that it is committed to the Trans Saharan Gas Pipeline, TSGP, and that the project was still on track. According to a Continue Reading
Shell dumps assets onshore Gabon
Shell is leaving parts of Africa behind as part of a divestment streak that followed its merger with BG Group. File photo by Mohammad Kheirkhah/UPI. March 24 (UPI) — As Continue Reading
Venezuela increased fuel exports to allies even as supply crunch loomed
A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in government-sanctioned fuel exports to foreign allies and an exodus of crucial personnel from state-run energy company PDVSA Continue Reading
More Hurdles Ahead for Keystone XL, TransCanada Head Tells Trump
TransCanada Corp. said there’s more “work to do” before it can start construction of the $8 billion Keystone XL pipeline. The controversial project, which would help bring crude from Canada’s Continue Reading
Trump greenlights Keystone XL pipeline, but obstacles loom
U.S. President Donald Trump’s administration approved TransCanada Corp’s ( TRP.TO ) Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists even as further hurdles for the controversial Continue Reading
U.S. oil refiners push for biofuels overhaul at White House
U.S. oil refining executives met with a senior official in President Donald Trump’s administration at the White House last week to argue their position for an overhaul of the nation’s Continue Reading
Trump Administration Grants Pipeline Permits Without All His Promised Conditions
President Donald Trump vowed to win a “better deal” for Americans before approving the Keystone XL and the Dakota Access oil pipelines, promising to extract concessions and force the builders Continue Reading
Energy demand metrics indicate strong U.S. economy
Metrics measuring consumer demand for fuels and related products in the United States were indicative of an improving economy, a trade group said. The American Petroleum Institute reported total petroleum Continue Reading
California Upholds Auto Emissions Standards, Setting Up Face-Off With Trump
California’s clean-air agency voted on Friday to push ahead with stricter emissions standards for cars and trucks, setting up a potential legal battle with the Trump administration over the state’s Continue Reading
U.S. Oil Rig Count Continues To Rise Despite Saudi Warnings
The United States oil rig count jumped by 21 this week, to its highest level since September 2015, according to Baker Hughes ’ latest rig on domestic drilling activity. The Continue Reading
ExxonMobil Just Got Hit By This Fast-Rising New Energy Problem
Big developments this week on a new challenge quickly rising for the energy industry… and beyond. Climate change reporting. ExxonMobil lost a key decision in an ongoing climate change battle Continue Reading
Future US Light Tight Oil (LTO) update
In a previous post on US LTO future output there were suggestions that a bottom up approach might be better than the top down approach and I agree. I will Continue Reading
Trump’s Keystone XL Approval Moves Pipeline Fight to Individual States
TransCanada gets its presidential permit to move forward with building its Keystone XL crude oil pipeline, but the battle to flow crude through several states isn’t over, analysts say. After Continue Reading
OPEC Be Warned: Russia Battens Down the Hatches for Oil at $40
Perhaps the Bank of Russia knows something the world doesn’t. As the Organization of Petroleum Exporting Countries and its allies prepare to meet for a review of their production cuts Continue Reading
Oil edges up as Saudis cut supplies to U.S., but global glut remains
Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market Continue Reading
Oil Falls Amid Record U.S. Stockpiles, Upcoming Producer Talks
Oil dropped as U.S. crude supplies rose to an all-time high while investors await a meeting between OPEC and its allies that may signal whether they’ll extend output curbs. Futures Continue Reading
OPEC Out Of Moves As Goldman Sachs Expects Another Oil Glut In 2018
Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has Continue Reading
Energy Market Deregulation: Be Careful What You Wish For
U.S. oil and gas companies are licking their chops over the prospect of deregulation, but they could be faced with too much of a “ good thing. ” Historically low Continue Reading