China’s Natural Gas Consumption Soars
Chinese natural gas consumption surged through the first 11 months of 2017, up 19 percent year-on-year. China is the third largest consumer of natural gas in the world, behind the Continue Reading
Parts of Alaska wilderness open to oil and gas drilling with tax overhaul
At long last, a senator said the Arctic National Wildlife Refuge is open to responsible energy development, though advocates said the move is “unconscionable.” U.S. Sens. Lisa Murkowski and Dan Continue Reading
New York pension move from oil and gas draws grassroots praise
While some U.S. political trends are diverging from public opinion, environmentalists said it was people power that led to New York divesting from fossil fuels. Advocacy group 350.org said its Continue Reading
For Oil Drillers, Glut Damps the Excitement as Arctic Opens Up
Congressional Republicans and the Trump administration are poised to offer up a bevy of new opportunities for oil exploration in lands and waters owned by the government. They happen to Continue Reading
Summary of Weekly Petroleum Data for the Week Ending December 15, 2017
U.S. crude oil refinery inputs averaged about 17.1 million barrels per day during the week ending December 15, 2017, 111,000 barrels per day more than the previous week’s average. Refineries Continue Reading
Is Aramco Shopping For U.S. Shale?
Saudi Aramco has held early talks to buy a stake in a U.S. company and has inquired about potentially acquiring assets in the two biggest U.S. oil and gas shale Continue Reading
EV Range Set To Triple With New Lithium Battery Breakthrough
The University of Waterloo researchers breakthrough involves the use of negative electrodes (the anode) made of lithium metal, a material with the potential to dramatically increase battery storage capacity. Quanquan Continue Reading
Small Portion Of Alaska Wildlife Refuge Opens For Drilling
Alaska’s Arctic National Wildlife Refuge (ANWR) is now open for drilling as a result of a recent congressional vote on the issue, which ended over forty years of debate on Continue Reading
Surge in U.S. shale hedging to boost drilling in 2018
When oil prices rocketed toward $60 a barrel this fall, U.S. shale producers hedged more barrels of oil during the quarter than in at least three years, which could help Continue Reading
What’s Next For U.S. Shale Giants?
For OPEC, U.S. shale oil is a curse. For the Trump administration, it is the biggest tool to help achieve what the White House has dubbed energy dominance . There Continue Reading