A decline in gasoline demand during the winter months means U.S. motorists should see gas prices inch lower, but only relatively speaking, market reports find. Motor club AAA lists a Continue Reading
Nearly a decade has passed since TransCanada first proposed in 2008 to build the Keystone XL pipeline that would run from Alberta in Canada to Nebraska and the U.S. Gulf Continue Reading
ExxonMobil, the world’s largest listed oil group, will allow shareholders to meet members of its board, as new chief executive Darren Woods moves to end restrictions that had vexed some Continue Reading
Investors have grown wary of U.S. shale after years of disappointing returns, and they have pressed shale companies to rein in reckless drilling practices . But with money still pouring Continue Reading
Custom parts needed to fix the Forties pipeline system are being made, though it may be the second week in January before work is finished, the operator said. Ineos, which Continue Reading
The French legislature passed a law prohibiting all oil and gas exploration and production within its borders and territories by the year 2040—right around when oil is expected to reach Continue Reading
One of Russia’s biggest oil companies, Tatneft, has been doing business in Crimea despite the risk of being placed on a U.S. sanctions blacklist, according to company documents and a Continue Reading
EU coal-fired power plants could benefit from capacity payments through 2030 if a negotiating position agreed by EU energy ministers on a draft EU electricity market design regulation makes it Continue Reading
Lloyd’s Register and University Maritime Advisory Services (UMAS) released a new study— Zero Emission Vessels 2030 —that aims to demonstrate the viability of zero-emission vessels (ZEVs) by identifying what needs Continue Reading
The technology group Wärtsilä will supply two Wärtsilä HY 2 hybrid power modules for a new escort tug being built for the Swedish port of Luleå located on the Gulf Continue Reading
Oil edged up towards $64 a barrel on Tuesday, supported by the Forties pipeline outage in the North Sea, OPEC-led supply cuts and expectations that U.S. crude inventories fell for Continue Reading
Oil prices settled lower Monday, reversing gains after a potential oil worker strike in Nigeria was called off, easing supply concerns. Light, sweet crude for January delivery lost 14 cents, Continue Reading
Nigerian oil worker talks will continue in January: Pengassan Repairs to cracked North Sea oil pipeline proceeding to plan Crude lingered near $57 a barrel for a third day as Continue Reading
Oil is on course for a second annual gain after last month’s decision by OPEC and its allies to extend production curbs in a bid to shrink bloated inventories. While Continue Reading
Global coal demand is on a clear decline and its share in the power mix is on pace to fall to the lowest level since record-keeping began, the IEA said Continue Reading
Workers at a drilling site in the Czech Republic. On the slope of a thickly forested Czech mountain, three men in hard hats and mud-spattered fluorescent vests dig for the Continue Reading
Saudi Aramco has appointed U.S. investment bank Citi to lead a $2 billion financing backed by Britain, sources familiar with the deal said. The loan mandate will not be particularly Continue Reading
Spanish energy company Repsol said it started production from a complex of Algerian gas fields, finishing off one of its most significant African developments. Repsol CEO Josu Jon Imaz joined Continue Reading
While facing uncertainties because of external factors, the Iranian economy is expected to pick up the pace, the International Monetary Fund said Monday. “Growth has begun to broaden to the Continue Reading
Just as oil watchers wonder whether Libya’s ambitious oil production targets could undermine the OPEC deal, Libya’s General Haftar—the man largely responsible for freeing up Libyan oil production after two Continue Reading
The Iraqi government announced plans to use drones to monitor and protect its export and production pipelines in the first quarter of next year. Reuters reported on Monday that Oil Continue Reading
The Kurdistan Regional Government (KRG) is warning that federal Iraqi security forces are preparing to launch a new offensive, which could spark a battle for control of the Khurmala Dome Continue Reading
Norwegian energy major Statoil said Monday it would spend at least $2 billion to triple its production capacity from offshore Brazil. The Norwegian company, owned in part by the government, Continue Reading
A Nigerian oil workers union launched a strike on Monday, citing unfair labor practices, threatening to disrupt a significant portion of the country’s oil supply. But the strike was called Continue Reading
Less than 24 hours after it began an industrial action, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has backed off following the recall of its members Continue Reading
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region December 2017 January 2018 change December 2017 January 2018 change Anadarko 382 387 5 2,573 Continue Reading
Global miner BHP Billiton said on Tuesday it has taken a preliminary decision to quit the World Coal Association citing disagreement over climate change, and might also withdraw from the Continue Reading
It’s been a pretty good 18 months for the coal industry following the disastrous price crash of 2015, but on Tuesday miners got a big lump in their stockings. BHP, Continue Reading
Move to help rein in state expenditure while promoting EVs Subsidies also raising concerns of protectionism, people say China is planning to tell local governments to stop offering subsidies for Continue Reading
Andeavor recently said much of the cash from tax cuts would go back to investors. Above, the company’s refinery in North Dakota. U.S. fuel makers are poised to reap billions Continue Reading
The timeframe to repair Britain’s Forties crude oil pipeline in the North Sea remains two to four weeks, its operator Ineos said on Tuesday, adding that repair options were still Continue Reading
The demise of the North Sea doesn’t necessarily mean the end of Norway’s petroleum era—far from it. Still, despite significant reserves in the Barents Sea, Norway is about to embark Continue Reading
Oil prices rose on Monday amid an ongoing North Sea pipeline outage and because a strike by Nigerian oil workers threatened its crude exports. Signs that booming U.S. crude output Continue Reading
Oil is on course for a second annual gain after last month’s decision by OPEC and its allies to extend production curbs in a bid to shrink bloated inventories. While Continue Reading
Oil prices are set to close out the year somewhere around 15 percent up, and the oil market looks more stable than it has in years. But what does 2018 Continue Reading
Global coal demand will be subdued over the next five years, growing at just 0.5 percent a year, marginally higher than current levels, due to lower consumption in China, the Continue Reading
When it comes to renewables, skeptics tend to point out the lower efficiency rates as opposed to fossil fuels, the high costs, and the dependence on subsidies for making a Continue Reading
How the world uses energy is a hot topic for a warming planet, and fears of pollution and resource strain have produced a virtual arms race of energy-efficiency strategies. From Continue Reading
When it comes to the story we’re being told about America’s rosy oil prospects, we’re being swindled. At its core, the swindle is this: The shale industry’s oil production forecasts Continue Reading
One of Nigeria’s largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said. The Petroleum and Natural Gas Senior Staff Continue Reading
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said it had mobilised its members for a nationwide strike beginning from today following inability of the Minister of Continue Reading
MOSCOW (Reuters) – Cuban President Raul Castro and the head of Russia’s largest oil company Rosneft, Igor Sechin, discussed supplies of crude oil and oil products to Cuba, Rosneft said Continue Reading
Venezuela has awarded licenses to a unit of Russian oil major Rosneft ( ROSN.MM ) to develop two offshore gas fields, Rosneft said in a statement. Venezuelan President Nicolas Maduro Continue Reading
Carlos Aquino weeping over the casket of his son, Kenyerber, who died of heart failure caused by severe malnutrition. Meridith Kohut for The New York Times Sisters and cousins of Continue Reading
After years of setbacks and delays, China may be days away from launching a yuan-priced crude oil futures contract to make its currency more international and challenge the dominance of Continue Reading
Toyota Motor Corporation announced its plans regarding the mass adoption of electrified vehicles for the decade 2020-2030. Toyota’s electrified vehicle strategy centers on a significant acceleration in the development and Continue Reading
Toyota Motor Corp ( 7203.T ) said it would market more than 10 all-electric vehicle (EV) models globally in the early 2020s, a target which could require the firm to Continue Reading
Emotions are running high for natural gas traders after the fireworks of the past six weeks. I’m currently on the sidelines, and, while I’m long term bearish, nothing goes up Continue Reading
Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of Continue Reading
The BMW Group is partnering with Solid Power, a developer of solid-state rechargeable batteries, in a joint effort to develop Solid Power’s solid-state batteries for electric vehicle applications. In this Continue Reading
