Ordinary people set to suffer from curbs on petroleum imports Nation using ship-to-ship transfers to access oil products: UN The United Nation’s latest sanctions on North Korea are more likely Continue Reading
Senior official says doubling GDP by 2020 not a ‘huge barrier’ Leaders focus on ‘critical battles’ against debt, pollution China can achieve a goal of doubling the size of its Continue Reading
China is adopting a new green index in a bid to pressure local governments to reduce pollution and create more-sustainable economic development—though a high pace of growth is likely to Continue Reading
China has criticized officials in the industrialized province of Shandong for deceiving authorities to evade capacity cuts in the polluting coal, steel, aluminum and chemical sectors, and slammed another province Continue Reading
Less than a month after Tesla unveiled a new backup power system in South Australia, the world’s largest lithium-ion battery is already being put to the test. And it appears Continue Reading
U.S. refiners and pipeline companies are likely to embark on a capital spending spree in the next year, fueled by a provision in the recently-passed U.S. tax bill that rewards Continue Reading
A worker uses a suction hose to remove oil washed ashore from the 2010 Deepwater Horizon spill, in Belle Terre, La. WASHINGTON—Regulators in the Trump administration are proposing to roll Continue Reading
U.S. refiners and pipeline companies are likely to embark on a capital spending spree in the next year, fueled by a provision in the recently-passed U.S. tax bill that rewards Continue Reading
The Trump administration is hoping to slash regulations on offshore oil drilling that were implemented after the 2010 Deepwater Horizon disaster that killed nearly a dozen people and led to Continue Reading
A new study from Harvard T.H. Chan School of Public Health links short-term exposures to fine particulate air pollution and ozone—even at levels well below current national safety standards—to higher Continue Reading
The BSEE proposes eliminating regulations that were put in place in response to the deadliest offshore drilling disaster in U.S. history The oil and gas industry is poised to save Continue Reading
Alexei Miller, head of Russian gas giant Gazprom, said in a conference call on Tuesday that its European partners in the Nord Stream-2 pipeline project have fulfilled their financing obligations Continue Reading
Energy independent Ineos, the operator of the Forties pipeline, said it has started doing pressure tests on the pipeline after it was repaired. Full flow will resume in early January, Continue Reading
Oil edged lower towards $65 a barrel on Tuesday, but remained within sight of its highest level since mid-2015, as the looming restart of a key North Sea oil pipeline Continue Reading
The OPEC extension keeps the oil market on track to balancing at some point next year, but if the group overshoots on tightening, OPEC members could begin cheating, potentially leading Continue Reading
Former Saudi Finance Minister Ibrahim al-Assaf, shown in 2013, was among those released in the past week. The Saudi government in recent days has released at least two dozen high-profile Continue Reading
That pie is just too lucrative for the world to ignore. The Players It’s not only “regulars” such as Honda, Suzuki and Hyundai are planning launches and tie-ups for the Continue Reading
Canada will expel a Venezuelan diplomat and bar that country’s ambassador from returning, Foreign Minister Chrystia Freeland said on Monday, after the South American nation booted envoys from Brazil and Continue Reading
Oil markets are already among the world’s most volatile— prices can leap 3% overnight on news from Middle Eastern nations many investors couldn’t pinpoint on a map. Oil guzzlers like Continue Reading
Chinese imports of coal from key supplier Australia slipped in November from a year ago, customs data showed, hit by heavy traffic congestion in Australian ports. Shipments from Australia fell Continue Reading
China will become the world’s second-biggest importer of liquefied natural gas (LNG) this year as it overtakes South Korea, shipping data in Thomson Reuters Eikon showed. This is a huge Continue Reading
China has urged coal miners to increase high-grade coal supplies to ensure heating fuel for winter, the National Development and Reform Commission (NDRC) said in a statement on Tuesday. The Continue Reading
Russia held on as China’s largest crude oil supplier for the ninth month in a row in November, also topping Saudi Arabia for the year so far, Chinese customs data Continue Reading
China’s monthly natural gas imports from leading supplier Turkmenistan fell in November from the previous month to their lowest since December 2016, leaving Beijing increasing purchases from elsewhere to try Continue Reading
China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations in a Continue Reading
CEBR publishes World Economic League Table and predictions Report sees India overtaking both U.K., France next year A man carries a kite in the shape of the Chinese national flag Continue Reading
A U.S. regulator has proposed rolling back safety measures put in place after the 2010 Deepwater Horizon oil spill, which would reduce the role of government in offshore oil production, Continue Reading
As much as I love Christmas and year end celebrations, this is not a great time of year for me for one reason. The expectation is that I will write Continue Reading
All eyes are on U.S. shale as we head into 2018, with a growing number of analysts worrying that shale will spoil the oil price rally. Estimates of supply growth Continue Reading
For more than a century, the economic fortunes of Texas have depended on oil. The image of mighty geysers spewing depreciable assets out of the ground is forever linked to Continue Reading
Earth might be looking a little worse for wear, after the last four-hundred years of reckless wide-scale resource extraction, but to its credit it hasn’t collapsed entirely. Despite our best Continue Reading
Oil prices were flat amid light trading at the end of the week after strong gains on Thursday. The EIA reported some mixed figures – more strong oil production gains Continue Reading
The number of active oil and gas rigs rose this week, according to Baker Hughes data , increasing by 1 rig, for a total of 931 rigs currently in operation Continue Reading
Oil producers will discuss an exit strategy for their deal on cutting output once the market moves closer towards being balanced, Russian Energy Minister Alexander Novak said in remarks published Continue Reading
Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions. Predicting the Continue Reading
The world is turning its back on oil. But how quickly? Technological advances driven by the threat of climate change could mean the world’s thirst for petroleum tops out sooner Continue Reading
Italian energy company Eni said Friday it grabbed a stronger hold over a reservoir in Kazakhstan it said has a “significant” potential for oil resources. The Kazakh government and a Continue Reading
Saudi Arabia on Thursday made the first payment totaling US$533 million (2 billion riyals) as part of its new household allowance program that reaches 10.6 million beneficiaries, before it starts Continue Reading
Saudi Arabian Prince al-Waleed bin Talal, shown in July, has been detained in the Riyadh Ritz-Carlton since early November. Saudi authorities are demanding at least $6 billion from Saudi Prince Continue Reading
The quick turnaround from discovery to production hasn’t gone unnoticed in the industry. It represents a seismic shift for Big Oil. The fact even senior managers privately described the plan Continue Reading
Twenty-nine companies including a bevy of majors are seeking to pre-qualify for bidding in Mexico’s second auction of deep-water oil blocks in the Gulf of Mexico, scheduled for the end Continue Reading
The United Nations Security Council placed new sanctions on North Korea on Friday that significantly choke off fuel supplies and order North Koreans working overseas to return home, in what Continue Reading
China’s imports of liquefied natural gas (LNG) jumped to a monthly record in November as residential and industrial demand surged in line with Beijing’s drive to promote use of gas Continue Reading
Hurricane Harvey caused around $70 billion in direct damage and 22,000 lost jobs, but didn’t derail long-term economic momentum, a federal reserve bank said. Hurricane Harvey hit the southern coast Continue Reading
Monitoring the potential environmental impacts of oil sands development using the best available science is a Canadian priority, officials said. A federal report from 2015 finds there to be consistent Continue Reading
Ukrainian state-owned energy firm Naftogaz said on Friday the total savings from its win over Russia’s Gazprom at an arbitration court in Stockholm over natural gas sales will be more Continue Reading
OPEC and Russia will exit from oil production cuts very smoothly, possibly extending the curbs in some form so as not to create any new surplus in the market, the Continue Reading
Another 500 megawatts of onshore wind and solar power will be in the portfolio of a French joint venture, energy company ENGIE said Friday. ENGIE said its joint venture with Continue Reading
Following a discouraging 2017 Arctic exploration campaign, oil companies plan to nearly double exploration drilling offshore Norway with a focus on more mature areas of the Norwegian Continental Shelf (NCS), Continue Reading
Ukraine’s Naftogaz and Russia’s Gazprom both claimed victory on Friday in a long-running gas dispute, each saying a Stockholm court had ruled in its favor over a gas contract. The Continue Reading
