“(N)o one has been able to build pipelines from the shale plays in the Northeast to demand centers,” said a Houston-based analyst. (Bloomberg) — A second tanker carrying Russian natural Continue Reading
“Leave us alone and leave all these issues. We had enough of shale oil and talks of shale. Please talk about anything else,” Saudi oil minister Khalid al-Falih said in Continue Reading
Incremental gains from southern fields have helped Iraq partially recover from temporary production stoppages at Bai Hassan and Avana. The Badra oil field on Dec. 6, 2017. (SAMYA KULLAB/Iraq Oil Continue Reading
deal . The vessel’s arrival is part of a $16 billion project by Total on the Egina field, the French company told AFP. Egina lies 150 kilometers from Nigeria’s southeastern Continue Reading
The Pan Niger Delta Forum (PANDEF) yesterday convened an emergency meeting to address the rising tension in the region, particularly the threat by the Niger Delta Avengers to commence “operation Continue Reading
China’s state planner said on Friday it will launch a fresh crackdown on oil refiners that expand capacity without official approval, the latest sweeping move by Beijing to curb unfettered Continue Reading
The Wall Street Journal reported last week that Venezuela’s oil output in December fell by 11 percent, to 1.62 million barrels per day (BPD). That capped a decline of 29 Continue Reading
Over the past decade, Mexico’s crude oil production has been falling due to a natural decline at mature fields and a lack of significant start-ups to compensate. Over the past Continue Reading
The last time U.S. drillers pumped 10 million barrels of crude a day, Richard Nixon was in the White House. The first oil crisis hadn’t yet scared Americans into buying Continue Reading
More than two dozen small U.S. refineries are seeking waivers from the nation’s biofuels law, an unusually high number that reflects growing oil industry resistance to the program, according to Continue Reading
Most U.S. oil and gas companies plan to at least keep performance stable this year, but a survey reveals concerns of an oversupplied market. File photo by Gary C. Caskey/UPI Continue Reading
Natural gas isn’t the first thing that comes to mind at the mention of the Netherlands. Clean energy is a more likely association. And yet gas is at the center Continue Reading
IN a speech at the World Economic Forum in Davos, pledging that his country will be on the forefront in the global fight against climate change. “I want to make Continue Reading
Oil production in 2018 is set to break records, according to oil economist Karr Ingham. There were talks of record-breaking oil production in 2018 during the Texas Petro Index (TPI) Continue Reading
Oil production in 2018 is set to break records, according to oil economist Karr Ingham. There were talks of record-breaking oil production in 2018 during the Texas Petro Index (TPI) Continue Reading
Front-month ICE Brent and NYMEX crude oil futures spiked overnight, breaching the $70/b and $66/b levels, respectively, and extended their bull run Thursday morning in Asia on a weaker US Continue Reading
Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. crude inventories and a weaker Continue Reading
More global oil and gas firms expect to increase capital spending this year as confidence picks up after crude prices climbed above $70 a barrel in January for the first Continue Reading
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand Continue Reading
WTI briefly touched $65 per barrel after the EIA reported a surprise drawdown in inventories — the highest price since late 2014. Although the rally hit some stumbling blocks in recent Continue Reading
The OPEC agreement is starting to move the needle on one stubborn metric that had remained depressed since the market downturn began more than three years ago: investment in new Continue Reading
The oilfield services industry was hit hard by the 2014 oil price crash after exploration and production companies reduced investments and drilling during the downturn. The ripple effect on the Continue Reading
A day after the American Petroleum Institute surprised the market with a substantial inventory build, the Energy Information Administration dispelled doubts about the balance between supply and demand by reporting Continue Reading
The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade, but it isn’t party time yet. LONDON, Jan 24 (Reuters) Continue Reading
There has been a sharp rise in industry confidence in 2018, according to a new study by DNV GL, a technical advisor to the oil and gas sector. DNV GL’s Continue Reading
Saudi oil giant Aramco is looking to expand in the United States where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive, its Continue Reading
Saudi Arabia’s energy minister took a rare sideways swipe at the International Energy Agency on Wednesday, accusing the body of overhyping the impact of US shale growth on the oil Continue Reading
The Southern Gas Corridor, connecting Azerbaijan to the world’s largest economic block, is one of the most important infrastructure pipeline projects worldwide, bringing Caspian gas into Europe. Europe wants to Continue Reading
“We are looking at new business opportunities in the U.S. and with the tax cuts it will make it much more profitable … It is part of our strategy to Continue Reading
Saudi Arabia may link the royalty on oil revenue that Aramco currently pays to oil prices, the state oil giant’s chief executive Amin Nasser told Bloomberg in an interview at Continue Reading
Iraq will rely on a newly formed state oil company to develop the Nassiriya oil field, leaving only the nearby refinery project for investors, ending more than six years of Continue Reading
A Coalition of Niger Delta Agitators yesterday listed a number of oil fields and installations as targets for resumed attacks if Federal Government failed to address specific grievances agitating the Continue Reading
The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited, (TUPNI) and her partners yesterday announced the arrival of the Egina Floating, Production, Storage and Offloading unit (FPSO) to the Continue Reading
The 200,000 barrels per day Egina oil project which encompasses a 330 metre long Floating Production Storage and Offloading (FPSO) platform designed to process oil from the field from December Continue Reading
The construction of Greenfield refineries will commence this year in Kano and Kaduna, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said. Baru Continue Reading
Venezuela’s presidential election race has begun with favorite and incumbent Nicolas Maduro signaling a nationalist, “anti-Trump” campaign while his demoralized foes scramble to find a viable candidate for a vote Continue Reading
China exported no oil products to North Korea in December except for a tiny cargo of jet fuel, data showed on Thursday, the latest sign that Beijing has kept up Continue Reading
A study conducted before and after the 2004 closure of a coal-burning power plant in Tongliang, China, found that children born before the closure had shorter telomeres than those conceived Continue Reading
One of the assumptions most observers of the crude oil market make is that China will continue to be the engine of global demand growth, thereby providing underlying support to Continue Reading
The performance for drilling services company Baker Hughes was mixed and the market was still uncertain, despite a hike in oil prices, its CEO said Wednesday. Baker Hughes, now a Continue Reading
Plug-in electric vehicles aren’t yet putting a strain on the national grid, but may require upgrades to infrastructure as demand increases, a U.S. report found. The U.S. Department of Energy’s Continue Reading
A French energy company said it was setting a deeper footprint in the U.S. waters of the Gulf of Mexico by taking a minority stake in a Chevron-controlled field. For Continue Reading
The threat of another blast of bitterly cold arctic air bearing down on the U.S. is sending natural-gas futures prices to their highest level in more than a year. On Continue Reading
As one of the first technologies used to generate electricity, hydroelectric power has historically provided the largest share of renewable electricity generation in the United States. However, this year EIA Continue Reading
Colorado Gov. John Hickenlooper released of the Colorado Electric Vehicle (EV) Plan , delivering on a directive set forth in the July 2017 Executive Order, “Supporting Colorado’s Clean Energy Transition.” Continue Reading
U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending January 19, 2018, 392,000 barrels per day less than the previous week’s average. Refineries operated Continue Reading
Italian oil and gas group Eni said on Wednesday afternoon that it was carrying out exploratory drilling in the Black Sea in a Rosneft-led offshore project – while ensuring its Continue Reading
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Oil prices slipped on Wednesday, under pressure from a rise in U.S. crude and gasoline inventories although crude remained near three-year highs. Brent futures eased 24 cents to $69.72 a Continue Reading
Signs of a global market for crude oil moving closer to erasing the surplus on the five-year average for stockpiles put oil prices back near $70 on Tuesday. The price Continue Reading
