U.S. crude oil production is expected to surpass 10 million barrels per day (bpd) next month, en route to all-time record months ahead of previous forecasts, the U.S. Energy Information Continue Reading
Texas issued 885 oil and gas drilling permits in December, down 12 percent compared with the same month in 2016, the state’s energy regulator said on Tuesday. – December’s total Continue Reading
President Donald Trump’s administration will not allow drilling for oil and gas off the coast of Florida after urging from the state’s governor, Interior Secretary Ryan Zinke said on Tuesday. Continue Reading
President Trump’s first year in office has been a boon for the coal industry, with the Trump administration rolling back regulations on coal-fired power plants and withdrawing the United States Continue Reading
Last week, the Trump Administration proposed the most aggressive U.S. offshore oil and gas drilling plan since the Reagan Administration, offering to open more than 90 percent of the federal Continue Reading
While coal crept closer to natural gas in total US electricity generation share in 2017, gas will widen the gap between the fuels this year and though 2019 on expected Continue Reading
In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 million b/d in 2018—the highest Continue Reading
AkzoNobel Specialty Chemicals and Gasunie New Energy are partnering to investigate the possible large scale conversion of sustainable electricity into green hydrogen via the electrolysis of water. Intended for Delfzijl Continue Reading
Across Asia and Europe, high-speed rail is providing a competitive alternative to air travel on the same routes, in terms of price and the all-important barometer of time. Put that Continue Reading
Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories fell for the eighth week. Continue Reading
Crude prices rose Monday, holding on to robust gains made last week on tighter stocks in the U.S. and perceived risks to global supply. U.S. crude futures rose 29 cents, Continue Reading
Crude oil prices started Monday in positive territory, continuing from last week’s rally as shale producers in the United States showed a bit of a pullback. The bulls were running Continue Reading
A perfect storm of geopolitical risk and severe weather in the United States helped drive oil prices close to $70 per barrel, but will it last, an analyst asks. A Continue Reading
The oil market has come to be defined by several narratives over the past couple of years: market rebalancing, OPEC versus shale, Russia’s delicate relationship with OPEC, OPEC’s conformity with Continue Reading
OPEC and its Russia-led non-OPEC allies in the deal managed to stay together for a full year of high compliance with the oil production cuts and have agreed to extend Continue Reading
OPEC is monitoring unrest in Iran as well as Venezuela’s economic crisis, but the group will only boost output if there are significant and sustained production disruptions from those countries, Continue Reading
Though Venezuelan oil production is lower than it’s been in more than a decade, its fellow OPEC members picked up the slack, a market survey found. A survey of production Continue Reading
Iraqi oil ministry said a Maysan oil refinery contract should be executed within the next 30 days. File photo by Oskari Porkka/Shutterstock Jan. 8 (UPI) — The implementation of an Continue Reading
After Iraq’s federal forces recaptured the oil fields in Kirkuk in October, the Iraqi Parliament voted on Monday to ban Kurdish engineering company Kar Group from operating Kirkuk’s oil fields. Continue Reading
U.S. investment banking giants Goldman Sachs and Citi are lined up to lead the initial public offering (IPO) of part of Saudi Aramco, according to reports. The Saudi state-owned oil Continue Reading
Iraq’s parliament voted on Monday to ban Kurdish engineering firm Kar Group from operating Kirkuk’s oilfields, following Iraq’s recapture of the Kurdish-held oil region in October. The Kurds have withdrawn Continue Reading
The non-binding directive against the Iraqi Kurdish oil firm KAR Group further weakens the prospect of renewed Baghdad-Erbil oil cooperation. Iraqi security forces at the Bai Hassan oil field on Continue Reading
In a few days, U.S. President Trump may try to re-impose sanctions on Iran , a dramatic step that could heighten tensions between the two countries. Some analysts believe the Continue Reading
The Peoples Democratic Party (PDP) has called on security agencies to immediately probe the voluntary disclosure by the Managing Director of Nigeria National Petroleum Cooperation (NNPC), Dr. Mikanti Baru that Continue Reading
The Nigerian economy seems to be synonymous with fuel scarcity. It does not seem to matter which regime is in charge, every couple of years, or in some cases months, Continue Reading
Since the election of Hugo Chávez Frias to the Venezuelan presidency in 1998, followed by Nicolás Maduro in 2013, Venezuela has endured steady decline with the approval of the new Continue Reading
The trial is part of a crackdown on corruption and mismanagement in the energy and banking industries, which began after the security authorities of the country were given more influence Continue Reading
China’s steel production growth is expected to slow sharply in 2018 as state-mandated factory closures and policies to protect the environment begin to bite. The world’s largest producer of the Continue Reading
Dawn broke Sunday in Sandwich, Massachusetts with the air minus 18°C. Out on Freezer Road, the Canal Generating Station was burning fuel oil to make electricity. It was a rare Continue Reading
The Federal Energy Regulatory Commission on Monday unanimously rejected a proposal by Energy Secretary Rick Perry that would have propped up nuclear and coal power struggling in competitive electricity markets. Continue Reading
It would be a dull month if a new rechargeable battery project didn’t make headlines amid all the excitement surrounding electric cars. This month’s indisputable winner is the lithium-ion battery Continue Reading
For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas. Two weeks after President Donald Trump and congressional Republicans Continue Reading
A big winner from surging imports of energy products into Mexico from the United States is the rail industry, benefiting from weak pipeline systems beset by a lack of connectivity, Continue Reading
Federal regulators on Monday rejected a proposal by Energy Secretary Rick Perry to subsidize struggling coal and nuclear plants, in a major blow to the Trump administration’s efforts to revive America’s declining Continue Reading
Analysts are saying that the oil and gas industry’s response to the Trump administration’s announcement last week—that almost all of the U.S. continental shelf may soon be open for drilling Continue Reading
The U.S. power grid regulator on Monday rejected a directive by Energy Secretary Rick Perry to prop up aging coal and nuclear power plants but said it had embarked on Continue Reading
President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part Continue Reading
Claims by Nebraska landowners for compensation from pipeline company TransCanada on Keystone XL -related costs rests with the state’s highest court, advocates say. Bold Nebraska, an organization that’s steered a Continue Reading
As bitter cold continues to grip much of North America and helps spawn the fierce storm along the East Coast, the question arises: What’s the influence of climate change? Some scientists Continue Reading
Preliminary Monthly Electric Generator Inventory Note: 2017 includes reported installations for January–October and reported planned installations for November–December. Driven largely by installations over the past three years, the electric power Continue Reading
Last year was big on announcements from automakers, and suppliers, and tech giants regarding electric vehicles, robotaxis, and autonomous vehicles. We also heard from countries like China, India, France, Great Continue Reading
General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not Continue Reading
Fisker unveiled the Emotion electric luxury sedan at CES 2018. Featuring automatic butterfly doors and five integrated Quanergy S3 LiDAR sensors ( earlier post ) for autonomous driving up to Continue Reading
The adoption of the internal combustion engine, a revolutionary invention that took the power of the steam locomotive and made it more compact and convenient, saw horse-drawn carriages moved from Continue Reading
OSLO (Reuters) – Norwegian oil companies and their suppliers will hire more people in the coming years as the industry recovers from a slump and the price of crude rises, Continue Reading
Oil prices were stable on Monday, supported by a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below near three-year highs reached Continue Reading
Iraq will start exporting oil from the northern Kirkuk fields to Iran before the end of January, Iraqi Oil Minister Jabar al-Luaibi told reporters on Sunday in Baghdad. About 30,000 Continue Reading
For a city in the Arabian desert, Dubai is surprisingly well-watered. Grassy lawns and man-made duck ponds dot neighborhoods called The Springs and The Lakes. Across the United Arab Emirates, Continue Reading
Various countries in the world’s most oil-dependent region, the Middle East, have started to look above ground for generating energy to diversify away from their primary below-ground energy source. Saudi Continue Reading
With barely a month to the 2003 presidential election in Nigeria, Funsho Kupolokun, the Special Assistant to then President Olusegun Obasanjo hurriedly put together a bid round for three oil Continue Reading
