Saudi king sacks military chiefs
King Salman (C) acceded to the throne in 2015 Saudi Arabia has sacked its top military commanders, including the chief of staff, in a series of late-night royal decrees. Saudi Continue Reading
New U.S. Sanctions Target Libyan Smugglers
A new round of U.S. sanctions targets Libyan smugglers to block the unauthorized exploitation of natural resources in the North African country, according to a new report by Reuters . Continue Reading
New funding surfaces for offshore Gambia
Up to $45 million in costs to drill a well off the Gambian coast is covered through a deal with Malaysian oil company PETRONAS, Australia’s FAR Ltd. said. PETRONAS, an Continue Reading
Venezuelan Oil Production Could Further Collapse On New U.S. Sanctions
If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil production in Continue Reading
Japan’s INPEX inks agreement for Emirati oil
For the next 40 years, Japanese energy company INPEX said it would play a role in the development of oil reserves off the coast of the United Arab Emirates. INPEX said Continue Reading
Australia To Get New LNG Import Terminal
Fortescue Metal’s chairman Andrew Forrest and two Japanese utilities plan to build an LNG import terminal in New South Wales by 2020 to help alleviate an energy crunch in Australia’s Continue Reading
U.S. energy drilling boom could mean $6 billion in federal well…
Cleaning up the tens of thousands oil and gas wells on U.S. federal land after they stop producing could cost over $6 billion, and taxpayers may need to pitch in, Continue Reading
Left to Louisiana’s Tides, a Village Fights for Time
Marshes near Jean Lafitte. Rising sea levels and land loss are driving back Louisiana’s coastline, and a fourth of the state’s wetlands are already gone. The West Closure Complex is Continue Reading
Oil Majors: New Tech Will Save The Industry
Oil and gas is not a sunset industry, and low oil prices are not such bad news at all, BP’s chief of upstream operations, Bernard Looney, said recently. Although Looney Continue Reading
U.S. Biofuels Policy Overhaul Faces Major Challenges
U.S. President Donald Trump has called a meeting to discuss possible amendments to the Renewable Fuel Standard (RFS) as the powerful oil and corn lobbies continue to clash over biofuels Continue Reading
As Oil Price Increases, Does Employment Follow?
Crude oil prices and rig counts are rising in the US and many are wondering how this will affect industry employment. As the oil and gas industry welcomed higher crude Continue Reading
U.S. to overtake Russia as top oil producer by 2019 at latest: IEA
The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil Continue Reading
Driverless cars given green light to operate in California
California has approved broad new rules allowing driverless cars that do not require a human operator to sit behind the wheel, in a long awaited win for Silicon Valley lobbyists. Continue Reading
North Pole surges above freezing in the dead of winter, stunning scientists
The temperature is above freezing at the North Pole. (University of Maine Climate Re-analyzer) The sun won’t rise at the North Pole until March 20, and it’s normally close to Continue Reading
Shale Drillers Are Supersizing Fracking
Shale drillers have squeezed more oil out of a given well over the past few years by becoming more efficient in their drilling operations. But the industry is still scaling Continue Reading
Oil Majors: New Tech Will Save The Industry
Oil and gas is not a sunset industry, and low oil prices are not such bad news at all, BP’s chief of upstream operations, Bernard Looney, said recently. Although Looney Continue Reading
U.S. Biofuels Policy Overhaul Faces Major Challenges
U.S. President Donald Trump has called a meeting to discuss possible amendments to the Renewable Fuel Standard (RFS) as the powerful oil and corn lobbies continue to clash over biofuels Continue Reading
Rome blanketed by snow as Arctic storm sets seasonal records
The Arctic storm dubbed the “Beast from the East” saw temperatures across much of Europe fall Monday to their lowest level this winter and even brought a rare snowstorm to Continue Reading
Shell: Demand for liquefied natural gas could outpace supply
Without new operations, the global market for liquefied natural gas could slip into a deficit by the middle of the next decade, Royal Dutch Shell said. The Dutch supermajor said Continue Reading
Germany cleared for greener public transit
The European Commission said Monday it was supportive of German plans to spend more than $80 million on infrastructure for greener public transportation. The commission found German plans for an Continue Reading
Study finds global emissions of ethane and propane underestimated by more than 50%
Global levels of the hydrocarbons ethane and propane in the atmosphere have been underestimated by more than 50%, according to a new study by a team of scientists from Europe Continue Reading
Oil steady after hitting three-week top; Saudis to keep output…
il steadied around its highest prices in three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb shipments in line with the OPEC-led effort Continue Reading
Lower Oil Prices Force Saudis to Widen Their Circle of Friends
American shale fields have flooded the oil market with crude, allowing the United States to import less from the Organization of the Petroleum Exporting Countries, which is led by Saudi Continue Reading
Libya Oil Field’s Halt Disrupts Crude Exports From Key Port
El-Feel protests disrupt output for first time in two months Oil field has output capacity of about 90,000 barrels a day Libya’s oil exports from the Mellitah terminal will be Continue Reading
Saudi to supply 12 million barrels crude to China’s Huajin in 2018…
State-run Saudi Aramco has agreed to supply China’s Huajin Chemical Industries Group Corp 12 million barrels of crude oil under an annual deal for 2018, up sharply from last year, Continue Reading
Venezuela’s Maduro says to recover 70 percent of oil output decline
Venezuelan President Nicolas Maduro promised on Saturday to recover 70 percent of the country’s lost oil production in the first half of 2018. “I can tell you, the unprecedented injustices Continue Reading
‘A Bomb on the Doorstep’: Venezuela Fishermen Fight an Oil Giant
Fishing in Amuay Bay. The largest refinery complex in Venezuela has occasionally spewed contaminants into the water, threatening the livelihood of families in the area. AMUAY, Venezuela — The aging Continue Reading
The Venezuelan oil industry is on a cliff’s edge. Trump could tip it over.
The Trump administration is threatening to embargo Venezuelan oil, a potentially ruinous blow to the Saudi Arabia of South America. But here in the home of the world’s largest crude Continue Reading
Despair In Venezuela: “We Are Dying Of Hunger In The Oil Industry”
The oil industry in the country sitting on the world’s largest oil reserves is collapsing amid a savage economic crisis and rampant hyperinflation. So desperate is the situation in Venezuela Continue Reading
Should Energy Investors Fear Mexico’s 2018 Elections?
Within a few months, Mexico will have a new President. With the incumbent Enrique Peña Nieto barred from running, the most likely winner is Andrés Manuel López Obrador, leading his Continue Reading
Major quake cuts communications, halts oil and gas operations in Papua New Guinea
At least one company began evacuating non-essential personnel after a powerful 7.5 magnitude earthquake hit Papua New Guinea’s energy-rich interior on Monday, causing landslides, damaging buildings and closing oil and Continue Reading
Does China Control The EV Revolution?
After the non-starter EV revolution of the late nineties was crushed by its own architects , hybrids came along to give us a halfway house toward the end of vehicular Continue Reading
China’s Jan crude imports from US hit record high of 474,450 b/d
China’s crude oil imports from the US hit a new record high at 2.01 million mt or 474,450 b/d in January, General Administration of Customs data showed Monday. The volume Continue Reading
Why Charging Your Electric Car at Night Could Save the World
Electric cars won’t tax grid if they charge at off-peak times Adding EVs to peak power demand reduces environmental benefits It’ll take more than just driving an electric vehicle to Continue Reading
Corporate America’s new dilemma: raising prices to cover higher transport costs
The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp Continue Reading
Crashing Cushing Inventories Boost Oil Prices
Oil prices jumped on Thursday after the EIA reported a surprise drawdown in crude oil inventories, ending several consecutive weeks of inventory builds. The report was the most bullish in Continue Reading
How The Fed Could Hammer Oil Producers
A rising interest rate cycle. A trend that has only been accentuated by the Federal Reserve’s aggressive plans to accelerate interest rate hikes and ongoing concerns over an impending major Continue Reading
Cornucopian Renewable-Energy Claims Leave Poor Nations in the Dark
Stanford professor Mark Jacobson and his colleagues have written yet another paper purporting to show that 100 percent of energy demand can be fulfilled by wind, solar, and hydroelectric generation. Continue Reading
Oil Prices Rise As Bullish Sentiment Returns
It was a bumpy week for crude benchmarks, although WTI and Brent jumped sharply on Thursday after the EIA reported a surprise drawdown in crude oil stocks. U.S. oil production Continue Reading
Oil rises more than 1 percent as Libyan outage supports
Oil prices rose more than 1 percent on Friday, supported by a dip in Libyan production and upbeat comments from Saudi Arabia that an OPEC-led effort to erode stockpiles is Continue Reading
Planet at “very high risk” for extreme warming, per leaked UN report; every 5-year delay matters
The processes of climate change don’t care about politics. Or economics. Or public sentiment about science. Last December, an analysis showed the most accurate climate-science models to date predicted the Continue Reading
Mideast Strife Is Cash Positive For U.S. Natural Gas — And Chinese Coal
Over the years, America’s involvement in the strife-ridden politics of the Middle East has brought a lot of heartache. By one measure, however, Americans’ luck in the Middle East has Continue Reading
OPEC ‘Supergroup’ Keeps Oil Exports Subdued
I was jesting the other day about who would be on guitar in OPEC’s supergroup, but it got me thinking about the various global oil producers, and how their traits Continue Reading
Saudi oil minister hopes OPEC, allies will ease output cuts in 2019
Saudi Arabia oil minister Khalid al-Falih said on Saturday that he hopes the production constraints under a deal between major OPEC and non-OPEC oil producers will ease in 2019. The Organization Continue Reading
Turkish military stops Eni drilling offshore Cyprus
Five vessels from the Turkish military have stopped a drillship commissioned by an Italian company to drill in the waters offshore Cyprus, an official said. The Cyprus News Agency reported Continue Reading
Saudis recruit legal muscle for leverage in US nuclear negotiations
Saudi Arabia has hired an international law firm specializing in energy regulation in its efforts to extract a favorable agreement on civil nuclear cooperation from the United States. Newly published Continue Reading
What’s Really Happening With Venezuela’s “El Petro?”
Venezuela has made history as the first country to launch its very own Initial Coin Offering. The long-hyped Petro cryptocurrency has been the center of controversy and curiosity to many Continue Reading
Presidential Front-Runner Wants to Reassess Mexico’s Energy Overhaul
The front-runner in Mexico’s presidential race would hit the brakes on the rapid pace of private investment in the country’s newly opened oil-and-gas sector if he wins the July election, Continue Reading
Mexico To Halt All Oil Exports If Obrador Wins
Mexico’s energy industry strategy will be overhauled if the frontrunner for the next presidential term, Andres Manuel Lopez Obrador, wins the July election, his senior energy adviser said in an Continue Reading
China exports barely any fuel to North Korea in January: customs
China exported barely any fuel to North Korea in January, data showed on Saturday, deepening months-long cuts in trade with its isolated neighbor amid growing tensions over Pyongyang’s nuclear and Continue Reading