South China floods kill 15, thousands evacuated
Floods in southern China have killed at least 15 people over the past few days and forced the evacuation of tens of thousands more, state media said. In Guangxi region, Continue Reading
Tesla Set to Deliver First of Its Lower-Cost Model 3 Cars July 28
Tesla Inc. Chief Executive Elon Musk indicated late Sunday that the company would deliver the first batch of its new Model 3 sedans on July 28. Customers and investors have Continue Reading
Is This Exxon’s Secret Weapon Against Electric Cars?
This month, it was ExxonMobil’s turn to report a breakthrough in advanced biofuels. Exxon said that it had found a way to make algae ‘fatter’, and those algae could become Continue Reading
Is BP Shifting Its Focus To Natural Gas?
BP announced highlights of its Q2 2017 exploration activities today, collecting the results of several different projects. Four discoveries representing 17+ Tcf of gas BP reports that it has made Continue Reading
Crude oil prices firm, set for biggest weekly gain since mid-May
Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output. U.S. Continue Reading
Oil Prices Are Set To Post Worst H1 Since 1998
A weaker dollar and lower U.S. crude oil production for last week are pushing oil prices up this week to their seventh consecutive trading session in the black, but crude Continue Reading
Oil Extends Rally as Record U.S. Shale Drilling Boom Stutters
U.S. crude production declined last week due to Gulf storm OPEC has no plans to discuss deeper supply cuts, U.A.E. says Oil extended the longest run of gains in six Continue Reading
Crude Slump Wipes $113 Billion From Oil Drillers
Investors swayed by prices rather than improved operations Energy sector is worst performer in MSCI World index this year Oil companies have spent three years slashing spending and firing workers Continue Reading
Saudi Arabia Reports First GDP Contraction Since 2009
Saudi Arabia’s gross domestic product fell in the first quarter of 2017 year-over-year, marking the first time the top oil exporter’s economy contracted after the 2014 oil price crash. Government Continue Reading
OPEC oil output jumps to 2017 high as Nigeria, Libya pump more
OPEC oil output has risen in June by 280,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, as a further recovery in supply from the two Continue Reading
The World’s Largest LNG Buyer Just Completely Reshaped The Market
That’s Japan — home to some of the world’s biggest buyers of liquefied natural gas (LNG), including the world’s #1 consuming firm, Jera. And authorities here aren’t happy about the Continue Reading
U.S. oil drillers cut rigs for first week since January: Baker Hughes
U.S. oil drillers cut rigs this week for the first time since January and the pace of additions slowed this quarter due to declines in crude prices despite an OPEC-led Continue Reading
Trump administration charts path to energy dominance
U.S. government agencies said they’ve opened up new levers for oil and natural gas development with new pipelines, export and offshore drilling opportunities. “We will be dominant,” U.S. President Donald Continue Reading
U.S. Rig Count Reverses After 23-Week Streak
The number of active oil and gas rigs in the United States fell by a single rig this week, and thus concludes the US shale patch’s impressive run of 23 Continue Reading
The Mysterious Tanker Full Of Kurdish Oil Reappears Off Canada
The oil tanker loaded with crude from Kurdistan and thought to be headed to the U.S. before it turned off its tracker after exiting the Strait of Gibraltar a week Continue Reading
Trump Approves New U.S.-Mexico Petroleum Pipeline
To boost American energy exports, the administration of U.S. President Donald Trump has approved the construction of a new petroleum pipeline from the U.S. to Mexico that “ will go Continue Reading
Kemp: US Shale Producers Are Drilling Themselves into a Hole
U.S. shale firms are drilling themselves into a deep hole despite warnings from industry leaders about the risk of flooding the market with too much crude. Drilling and production are Continue Reading
Gas development boosts opportunities in British North Sea
Energy opportunities in the British waters of the North Sea are bolstered by new work slated for natural gas, services company Bilfinger Salamis said Friday. The company announced it landed Continue Reading
Gazprom touts progress of Chinese gas pipeline
Russian gas monopoly Gazprom chief Alexei Miller says he expects imminent development on a natural gas pipeline bound for the Chinese economy. File photo by Anatoli Zhdanov/UPI June 30 (UPI) Continue Reading
Russia’s Rosneft set for global gas tussle with Gazprom
Russia’s Rosneft, the world’s top listed oil producer, wants to supply gas in parts of Europe where Gazprom is not present to avoid the risk of losing those markets to Continue Reading