The American Petroleum Institute (API) reported a surprise build of 4.755 million barrels of United States crude oil inventories for the week ending January 17, ending the streak of seven Continue Reading
Higher oil prices so far this year and expectations of strong demand on the back of economic growth means higher gas prices for consumers, analysts say. File photo by Eduardo Continue Reading
For years, the shale promise has been hollow. Even when oil prices were trading above $100 per barrel, most shale drillers weren’t profitable. They drilled rapidly, brought huge volumes of Continue Reading
Brian Williams of Carl Marks Advisors shares insights on what the industry can expect regarding E&P investment, M&A deals and trends for 2018. Ushering in 2018 were some welcome higher Continue Reading
Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil. After the price of oil fell from Continue Reading
A satellite image showing the aftermath of two avalanches in western Tibet in 2016, when two glaciers on the Aru range collapsed and spread across five miles. Researchers say this Continue Reading
Angolan state oil firm Sonangol has issued its first public tender to buy refined products to widen its import base, market sources who have seen the tender said, in a Continue Reading
Mr Maduro said he welcomed the assembly’s decision to bring forward the poll Venezuela’s pro-government Constituent Assembly has ordered fresh elections before the end of April. President Nicolas Maduro told Continue Reading
Cash-strapped and crisis-stricken Venezuela “can easily manage” an oil production increase of 1 million bpd this year to lift its production capacity to 2.472 million bpd, its oil minister Manuel Continue Reading
Heavy smog envelops the express road in Shijiazhuang, north China’s Hebei Province, in October. China’s smog levels are well in excess of World Health Organization standards. China is replacing coal Continue Reading
China’s push to have millions of households and thousands of industry users switch from coal to natural gas led to an unprecedented increase in natural gas demand and imports in Continue Reading
Some offshore developments outside of North America may be gaining a competitive edge over U.S. shale, sector analysis found. U.S. shale oil developments are expected to push total U.S. production Continue Reading
A liquefied natural gas project in Alaska could be operating by 2024 because of the quick pace of meeting regulatory requirements, the developer said. An LNG project in the design Continue Reading
The East Coast’s biggest refinery filed for Chapter 11 bankruptcy protection on Sunday, and Philadelphia Energy Solutions puts the blame on the federal government’s biofuels policies. The refinery’s workers are Continue Reading
The Trump administration’s move to open nearly all of America’s coastal waters to offshore oil and gas drilling would give energy companies access to more than a billion acres off Continue Reading
The Trump administration just struck a huge blow against the U.S. solar industry, slapping tariffs on imported panels that could drive up the cost of new projects. Higher costs could Continue Reading
The ABD solar farm in Asheboro, N.C., above. North Carolina is the second-largest generator of solar electricity after California. Mike Belleme for The New York Times ZEBULON, N.C. — At Continue Reading
President Donald Trump holds up a Section 201 action after signing it in the Oval Office on Monday. The administration is issuing tariffs on imported solar panels and washing machines Continue Reading
WASHINGTON/LOS ANGELES (Reuters) – U.S. President Donald Trump signed into law a steep tariff on imported solar panels on Tuesday, a move billed as a way to protect American jobs Continue Reading
TransCanada Corp’s Keystone crude pipeline is still operating at 20 percent reduced pressure, a spokesman for the company said on Tuesday, more than two months after a leak forced the Continue Reading
A slump in new production outside the U.S. shale patch in 2019 could help to send Brent crude briefly back above $100 a barrel next year, according to London-based consultancy Continue Reading
Crude oil futures rose during late morning trade in Asia Tuesday, on the back of rising optimism with the International Monetary Fund upgrading its 2018 and 2019 global growth forecast. Continue Reading
Oil prices rose on Tuesday, lifted by healthy economic growth as well as the ongoing supply curtailments by a group of exporters including OPEC and Russia. Brent crude futures LCOc1 Continue Reading
Investment approvals in 2017 more than doubled 2015-2016 count There are still 104 big projects awating approval, Rystad says The global oil industry’s backlog of big drilling projects is starting Continue Reading
German energy company Wintershall said it was able to restart production from a license area in Libya, which the government said was closed illegally. A spokesman for the company said Continue Reading
Kurdish oil player Gulf Keystone Petroleum said it wants to set up a commercial framework necessary to boost gross production by as much as 70 percent. The company, issuing guidance Continue Reading
OPEC met over the weekend to monitor the collective production cuts and assess the status of the oil market, and the meeting was shrouded in rumor about the potential cracks Continue Reading
SIX days after unknown gunmen abducted five workers of Sahara Energy, an indigenous oil-servicing firm at a border community between Edo and Delta states, the whereabouts of the victims still Continue Reading
The Chinese government said Monday it would take a world leadership position in alternative vehicles with the establishment of a new technology center. China is the second-largest economy in the Continue Reading
China may be producing less oil, but it is refining more, fresh statistical data from Beijing has revealed, suggesting that Asia’s biggest oil consumer will continue with its international upstream Continue Reading
Five workers were missing after a fiery explosion on Monday at an oil and gas drilling site in eastern Oklahoma, officials said. The fire had been fed by gas from Continue Reading
After a year of volatility, the recovery in crude oil prices so far this year could support growth in North America, drilling services company Halliburton said. Halliburton posted mixed results Continue Reading
The Trump Administration has offered to open more than 90 percent of the federal Outer Continental Shelf (OCS) for consideration of future exploration and development. The proposal is in stark Continue Reading
The US Trade Representative said Monday that President Donald Trump has approved recommendations to impose tariffs on imported solar cells and modules over the next four years. US Trade Representative Continue Reading
The world’s oldest insurance market, Lloyd’s of London, is the latest member of the European insurance industry that will divest from coal, beginning in April this year. It will be Continue Reading
Scotland’s economy is expected to continue growing in 2018, supported by an improved outlook for the oil and gas sector. Scotland’s economy is expected to continue growing in 2018, supported Continue Reading
Crude futures edged higher on Monday, propped up by comments from Saudi Arabia that cooperation between oil producers who have cut production to boost prices would continue beyond 2018. Strong Continue Reading
The International Energy Agency (IEA) acknowledged in its latest Oil Market Report that the recent rally in oil prices came on the heels of significant tightening, but that the supply Continue Reading
The next Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) will be held in April in Saudi Arabia, Russian RIA news agency reported on Sunday, citing an OPEC statement. It also said Continue Reading
Oil market still isn’t fully re-balanced, Russia’s Novak says It’s unclear whether inventories will drop at same pace: Falih OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until Continue Reading
The Nigerian National Petroleum Corporation, NNPC, on Sunday said that it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity. Continue Reading
Aagitators have endorsed plans by Niger Delta Avengers, NDA, to resume hostilities in the region in the next few days over alleged discriminatory actions of the Federal Government against theoil-producingg Continue Reading
Venezuela has more crude oil than any other nation. But the crisis there is so bad that even oil companies are losing… Venezuela has more crude oil than any other Continue Reading
With an estimated five percent of needed medicines available, Venezuela on Friday launched a health plan that relies on herbs and natural remedies. The “100 percent Natural Health Plan” seeks Continue Reading
China is pulling in ships from all over to avoid a natural gas supply squeeze ahead of another cold snap and as the world’s most populous nation prepares for Spring Continue Reading
The China National Petroleum Corp. said it plans to increase the rate at which it re-exports the fuel that it does not want or need by over four times during Continue Reading
University of Twente researchers have made significant efficiency improvements to the technology used to generate solar fuels. This involves the direct conversion of energy from sunlight into a usable fuel Continue Reading
Appalachian gas production has surged over eighty five percent (from 13,837 bcf/d to 26, 027 bcf/d) since 2014. The region has one the most productive and economic gas acreage in Continue Reading
Global automakers see electrified luxury cars as vital to being Tesla-competitive, government mandate-compliant, and standing out as high-performance innovative carmakers. Product announcements this week from Nissan’s Infiniti luxury brand and Continue Reading
A tanker was crossing the Atlantic on Sunday to warm New England households with natural gas whose sources are thought to include a project in the Russian Arctic under US Continue Reading
