The Association of Southeast Asian Nations is set to have a significant impact on energy and commodities in the coming decades, as the region’s demand climbs due to favorable geography Continue Reading
The Samsung Advanced Institute of Technology (SAIT) created “graphene balls” to increase battery capacity by 45 percent and charge up to five times more quickly. The company says the innovation Continue Reading
U.S. shale producers have started adding more drilling rigs in response to rising oil prices and improving confidence about the outlook for 2018. Experience shows changes in the number of Continue Reading
During the long U.S. holiday weekend, pipeline company TransCanada said it recovered about 20 percent of what spilled from its Keystone pipeline. The company closed down much of the network Continue Reading
One of Europe’s leading energy consultancies has estimated that Tesla’s electric haulage truck will require the same energy as up to 4,000 homes to recharge, calculations that raise questions about the Continue Reading
With so much talk of electric cars, it’s easy to overlook another segment of the transport industry that is seeing an influx of electric projects: aircraft. There are probably a Continue Reading
SolidPower researchers in Colorado developing solid state lithium batteries The current generation of lithium-ion batteries have given us day-long cellphones, hours-long laptops and 200+ mile electric cars. Now solid-state batteries Continue Reading
Part of a team working to cut the cost of drilling a new shale well by a third, Portillo works from a Royal Dutch Shell Plc office in suburban Houston, Continue Reading
The Keystone crude oil pipeline will restart at reduced pressure on Tuesday, TransCanada Corp ( TRP.TO ) said, nearly two weeks after closing the line after it leaked 5,000 barrels Continue Reading
We often make lists of the best inventions of all time. But which are the worst? The nuclear bomb would be up there. The AK-47 Kalashnikov assault rifle also has Continue Reading
Oil output from Russia’s Sakhalin-1 project is set to rise by about a quarter to 250,000-260,000 barrels per day (bpd) from January, sources with knowledge of the plan said, signaling Continue Reading
IONITY , the joint venture of BMW, Daimler, Ford and Volkswagen with Audi and Porsche that is developing and implementing a High-Power Charging (HPC) network for EVs across Europe ( Continue Reading
Norway’s Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing, the company’s head of exploration told Reuters Continue Reading
Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects for increased output. FILE Losses were limited though as expectations that OPEC and other key exporters Continue Reading
A week out from the OPEC meeting, everyone is assuming a rollover of the production cuts for an additional nine months will be a simple formality, putting the limits in Continue Reading
Journalists listened to OPEC ministers attending a meeting in Vienna on Wednesday, where members reviewed progress on their 2016 agreement to curb oil output. After years of doing too little, Continue Reading
State oil giant Saudi Aramco [IPO-ARMO.SE] and petrochemical producer Saudi Basic Industries Corp (SABIC) signed a preliminary deal on Sunday to build a $20 billion complex to convert crude oil Continue Reading
Iraq plans to build a new pipeline that will ship oil from Kirkuk’s oilfields to the Ceyhan port in Turkey, the oil ministry said on Sunday. The new pipeline will Continue Reading
The Ritz-Carlton in Riyadh is holding about 200 members of the Saudi elite A peak inside the Ritz-Carlton as it hosts those suspected of corruption Riyadh’s palatial Ritz-Carlton hotel, branded Continue Reading
Egypt clarified that option to import Israeli gas still open Previous arbitration ruling remains an obstacle to deals A natural gas production platform west of the Ashkelon shore in Israel. Continue Reading
Iraq on Monday invited foreign companies to bid for contracts to explore and develop oil and natural gas reserves in nine new blocks as the OPEC nation seeks to boost Continue Reading
Kazakhstan hopes to settle a dispute with global energy companies developing the Karachaganak gas condensate field in the coming weeks, Energy Minister Kanat Bozumbayev told reporters on Monday. “I hope Continue Reading
Venezuelan President Nicolas Maduro on Sunday tapped a FILE PHOTO: The corporate logo of the state oil company National Guard major general to lead state oil company PDVSA [PDVSA.UL] and Continue Reading
President Nicolás Maduro named an active general to lead the state oil industry, the nation’s last major economic sector that had been outside the military’s control. National Guard Maj. Gen. Continue Reading
PDVSA reportedly told employees that they needed to carry out an austerity campaign, looking for ways to cut costs by 50 percent. The internal memo said that savings needed to Continue Reading
Production and exports of crude oil at Mexican state oil company Petroleos Mexicanos, or Pemex, increased in October, the firm said on Friday.Crude output rose by 9.9 percent from the Continue Reading
Samsung Electronics has developed core battery technology using graphene to make lithium-ion batteries last longer and charge more quickly, a potential industry milestone if mass produced. The South Korean conglomerate Continue Reading
Car manufacturers’ attempts to square what U.S. consumers want against the clean vehicles regulators and investors demand will be on display in Los Angeles this week at an auto show that Continue Reading
During President Trump’s visit to China, the U.S. signed US$250 billion worth of potential trade and investment deals that would boost American exports to China and Chinese investment in the Continue Reading
Forschungszentrum Juelich researchers with American Oak Ridge National Laboratory scientists have now successfully observed with nano-scale precision how deposits form at the iron electrode during operation. A deeper understanding of Continue Reading
The price of oil is finally rising….it can go significantly higher The US Oil Situation reports from the EIA (US Energy Information Administration) routinely result in sharp shifts in energy Continue Reading
A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to Continue Reading
Russia plans to keep its oil production broadly unchanged at around 550 million tonnes per year, or 11 million barrels per day, until 2035, Russian Energy Minister said in an Continue Reading
Oil prices saw significant gains on Friday following a week of bullish news and though the OPEC meeting is still a week away, analysts are optimistic and the market is Continue Reading
Saudi Arabia and Russia have agreed that OPEC and non-OPEC allies should announce an extension of the cuts at the highly-anticipated meeting in Vienna on November 30, Bloomberg reported on Continue Reading
A draft agenda for next week’s meeting of OPEC’s energy ministers suggests the decision to extend the oil production cuts until the end of 2018 is all but made, at Continue Reading
Kremlin said to be willing to announce end-2018 deal on Nov 30 Various options still on the table, says Energy Minister Novak OPEC and Russia have crafted the outline of Continue Reading
For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if Continue Reading
Representatives from a group of major energy-exporting nations on Friday said they oppose the use of unilateral sanctions on any of their members – an apparent dig at the United Continue Reading
Turkey aims to have $5 billion in wind energy investments by the end of this year, with the awarding of additional wind capacity tenders, the president of the Turkish Wind Continue Reading
Nigeria’s state oil company is venturing into renewable fuels with a contract that will see a bioethanol plant built in the state of Kebbi, in northeastern Nigeria. The plant will Continue Reading
Venezuelan state oil company PDVSA said on Friday it was making last-minute payments on two bonds close to default, including one backed by shares in U.S.-based refiner Citgo, and called Continue Reading
Venezuela’s state oil company PDVSA has launched a cost-cutting drive aimed at slashing expenses by half as the company continues to struggle with declining oil production and unpaid debts. The Continue Reading
China has issued crude oil import quotas for 2017 of 1.5 million tonnes to three independent refiners, three sources familiar with the situation said on Saturday, a sign Beijing is Continue Reading
Williston, N.D., built a $70 million recreation center, complete with an indoor water park, with the influx of wealth from the oil boom. When the oil boom came to Williston, Continue Reading
Canada’s oil sands are too dirty to be produced, and should probably stay in the ground. That has long been the sentiment of environmental groups, but it is also gaining acceptance Continue Reading
Elon Musk knows how to make promises. Even by his own standards, the promises made last week while introducing two new Tesla vehicles—the heavy-duty Semi Truck and the speedy Roadster—are Continue Reading
TransCanada Corp said on Friday it has recovered 44,400 gallons, or 1,057 barrels, of oil from the Keystone pipeline spill site at Amherst, South Dakota. The company had shut down Continue Reading
Tropical systems don’t usually form in Mediterranean Storm developed eye wall like a hurricane, NOAA says A “rare tropical-like storm” grew in the waters of the Mediterranean Sea last week Continue Reading
Russia said on Friday it is ready to support extending a deal among oil producers on cutting output, less than a week before OPEC meets in Vienna to discuss policy, Continue Reading
