There is no respite in sight for Nigerians as the fuel crisis, which began in November 2017, continued on Thursday. Most filling stations were out of fuel despite claims by Continue Reading
The Federal Government, Thursday, ordered the Nigerian National Petroleum Corporation, NNPC, to bring an end to the lingering fuel crisis before the end of the weekend. Addressing newsmen on the Continue Reading
An ad-hoc committee of the House of Representatives on Wednesday began a probe into the alleged loss of crude oil in Nigeria worth $21billion. The House had directed the committee Continue Reading
Venezuela is going to shop around for other buyers of its crude oil, should the United States make good on its threat to impose an oil embargo on the troubled Continue Reading
High refinery runs and expanding refining capacity amid a strong recovery in demand pushed India’s crude oil imports to a record 4.93 million bpd in January 2018, up by double Continue Reading
Canada’s National Energy Board has given Kinder Morgan the go-ahead to start construction work on a tunnel entrance in British Columbia’s Burnaby Mountain that will be part of the Trans Continue Reading
Trump surprised a group of lawmakers Wednesday by saying he would support a 25-cent-per-gallon increase in federal gasoline and diesel taxes to help pay for upgrading American roads, bridges and Continue Reading
As the market embarks on a second year of record level LNG supply from the Atlantic Basin and strong competition from Asia for those volumes, a potential choke point is Continue Reading
U.S. energy companies added oil rigs for a fourth week in a row even though crude pulled back from three-year highs over the past couple of weeks as more drillers Continue Reading
Putting another 25 cents on the consumer price for gasoline, as proposed by the Trump administration, could be political suicide, a market analyst said. President Donald Trump floated the idea Continue Reading
U.S. shale oil barrels that find their way on the international market could have the Organization of Petroleum Exporting Countries to thank, analysis suggests. The United States is now rivaling Continue Reading
Ahead of its fourth quarter report, U.S. shale company Continental Resources said it expects its net production to grow by at least 15 percent. Total U.S. oil production is a Continue Reading
Canadian heavy crude rallied to a two-month high relative to U.S. crude this week, offering some relief to oil producers in Alberta struggling with thin margins amid plentiful supply. The Continue Reading
Italian energy company Eni said Friday its production level in December reached an all-time high, attributing much of its gain to offshore Egypt. Eni reported December production of 1.92 million Continue Reading
Put to the test with high winds and strong seas, Norway’s Statoil said a floating wind farm in Scottish waters shows promise for deepwater installations. During its first three months Continue Reading
Russia’s economy may come to feel a negative impact from the OPEC-led oil production cut deal, the central bank warned , adding that it expected GDP growth during the first Continue Reading
Prospects for the UK shale industry remain ‘widely bearish’, according to oil and gas analysts at BMI Research. Prospects for the UK shale industry remain ‘widely bearish’, according to oil Continue Reading
The emergence of electric cars can lead to a reduction of oil consumption by road transport by the mid-2020s, the Russian Central Bank said in its report. According to the Continue Reading
Russia’s oil production in the Arctic will reach peak levels in the 2020s, head of the state commission on natural resources Igor Shpurov said. Over 2017, he said, Russia produced Continue Reading
Shale executives have gone to great lengths to convince investors that they will not drill aggressively now that oil prices have rallied into the $60s. But in a new report Continue Reading
A construction permit from the provincial government in British Columbia puts drilling in the emerging Montney shale closer to reality, Calima Energy said. Australian energy company Calima operates more than Continue Reading
