De-escalate, Pentagon tells Persian Gulf rivals
The U.S. military said it was pressing Persian Gulf countries to resolve lingering issues with Qatar, an issue that presents risks to the energy sector. Saudi Arabia in June led Continue Reading
At least 23 Egyptian soldiers killed in deadliest Sinai attack in years
At least 23 Egyptian soldiers were killed when two suicide car bombs tore through military checkpoints in North Sinai province on Friday, security sources said, in one of the bloodiest Continue Reading
Fuel Shortages in Venezuela Worsen As Refineries Operate at 40 Percent Capacity
Venezuela, the nation with the world’s largest oil reserves, is experiencing fuel shortages (Flickr). In a country where basic necessities such as drugs and food are scarce, it would not Continue Reading
Mexico Sees Another Four Oil Tenders By End-2018
Mexico is planning to hold four more oil and gas block tenders by November 2018 as part of efforts to ensure the sustainability of its energy industry and make better Continue Reading
White House Is Said to Be Unlikely to Restrict Venezuelan Crude
The Trump administration is unlikely to ban imports of Venezuelan crude even as it considers a slate of sanctions on the country’s energy sector, said a person familiar with those Continue Reading
China wraps up combustible ice mining trial, setting world records
China on Sunday completed a 60-day trial of mining gas hydrates, commonly known as combustible ice, in the South China Sea, marking breakthroughs in human’s search for alternative clean energy Continue Reading
India buys first ever U.S. crude oil, to step up purchases
India, the world’s third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in Continue Reading
In drastic move, China’s top hydropower plants slash capacity
The Three Gorges and Gezhouba, two of China’s top hydropower plants, have closed capacity by as much as two-thirds, state media said on Tuesday, as torrential rains across the south Continue Reading
Electric Cars Need More Than Fans
Last year, the Organization of the Petroleum Exporting Countries conveniently predicted that in 2040, electric vehicles would make up just 6.7% of the car fleet. The owners of four-fifths of Continue Reading
Rig Count Climbs Higher After Last Week’s Intermission
The number of active oil and gas rigs in the United States rose again this week, this time by 12, resuming what was the US shale patch’s impressive run of Continue Reading