BP reported a surprise increase in oil production from aging fields that, according to chief executive Robert Dudley, he hadn’t seen in his close to four-decade career in the industry. Continue Reading
Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude. “I cannot Continue Reading
Crude oil futures rose on Friday after two days of sell-offs amid optimism over a planned meeting between North Korea’s Kim Jong Un and U.S. President Donald Trump. Kim also Continue Reading
Oil prices fell on Thursday, headed for a second straight weekly drop on a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, surging Continue Reading
The initial public offering of Saudi Aramco—currently slated for the second half of 2018—could be pushed into 2019, Saudi Energy Minister Khalid Al-Falih hinted in an interview with Bloomberg published Continue Reading
Shell and Saudi Aramco signed on Thursday a preliminary agreement to pursue gas projects worldwide, as the Anglo-Dutch supermajor is increasingly betting on natural gas production and Aramco seeks to Continue Reading
Saudi Arabia’s energy minister hinted the initial public offering of the state oil company Aramco could be delayed until 2019, pushing back a central plank of Crown Prince Mohammed bin Continue Reading
Iran’s crude and condensate exports are set to fall to a two-year low this month as loadings for its main Asian buyers will tumble by one-third from the previous month, Continue Reading
Saudi Arabia is set to use surplus oil revenues to bolster the financial firepower of its $230bn Public Investment Fund, the sovereign wealth fund driving crown prince Mohammed bin Salman’s Continue Reading
Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants Continue Reading
Iraq plans to launch a new Basrah Medium crude export grade in a bid to help stabilize the quality of its existing Basrah Heavy and Light export grades as more Continue Reading
Even as OPEC-member Angola continues to comply to bloc-wide crude production cuts, its progress on its first offshore oil project remains unhindered, according to a new report by Reuters. Total, Continue Reading
Lagos — Nigeria’s oil supply to the international market is facing glut as ample supply of light and medium grades from the North Sea and the Mediterranean are limiting buying Continue Reading
Mayra Linares, a 40-year-old sickle-cell anemia patient at Caracas University Hospital, waited for 10 days until she got one of three units of blood she needed in February. Her mother Continue Reading
“The energy reform has a lot of benefits to the country, to the people, so the worst case scenario in my point of view is that the speed that we Continue Reading
China’s government plans to consolidate its energy industry authority into a new ministry, to replace the National Energy Administration, unnamed sources told Reuters. The NEA was set up ten years Continue Reading
Royal Dutch Shell is planning to build a truck loading facility at its Hazira liquefied natural gas (LNG) terminal on India’s west coast as it looks to meet demand from Continue Reading
Indonesia has capped the price of domestic coal for power stations at $70 per ton for two years, in new rules issued this week, a government spokesman said on Friday. Continue Reading
When a little-known private Chinese company said in September 2017 that it would be buying 14 percent in Rosneft, many analysts were wondering how an obscure fuel trading company rose Continue Reading
Global executives and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at Continue Reading
The White House has made preliminary plans for a meeting on Monday between rivals in the corn and oil industries to discuss potential changes to the nation’s biofuels policy, two Continue Reading
Energy dominance is a term that has become almost synonymous with Trump’s administration. On the face of things, it may seem that the term requires no further analysis for a Continue Reading
The United States should make the best use of its oil and gas wealth by boosting exports and sharing production technology with other parts of world, Energy Secretary Rick Perry Continue Reading
Tesla’s Semi, the electric truck that the company unveiled a few months ago, has been sent on its first cargo trip, transporting battery packs from the gigafactory in Nevada to Continue Reading
The planning for a meeting between moguls in the oil and corn industries is in its preliminary stages, but President Donald Trump is not scheduled to attend the summit, which Continue Reading
Outside of the obligatory references to how fast renewables are growing, two utility executives speaking Thursday at CERAWeek by IHS Markit in Houston made hardly any mention of power generation Continue Reading
Total announced on Thursday the closing of the US$7.5-billion acquisition of Denmark’s Maersk Oil that adds 1 billion barrels of oil equivalent reserves and resources to the French oil major’s Continue Reading
Oil prices were broadly steady on Thursday but still set to slip over the week for the second time in a row against a backdrop of rising U.S. crude production Continue Reading
U.S. crude oil and stock index figures shifted lower Wednesday amid global market fears on a trade war, the resignation of President Donald Trump ‘s chief economic adviser and rising Continue Reading
Oil prices tumbled on Wednesday as financial markets slid amid concerns that Washington’s plans for import tariffs could spark a trade war, and after U.S. government data showed an increase Continue Reading
Cape Town, in South Africa, has been declared a natural disaster. Nature has declared that the world’s supply of water is fixed. As a means of keeping humanity alive, it Continue Reading
Iran’s oil-and-gas industry was supposed to take off after the nuclear deal. Instead, one of the world’s largest energy sectors is languishing. International oil companies are staying on the sidelines Continue Reading
Having fallen nearly 40% since the end of February, Libyan crude oil output could bounce back to around 1 million b/d with the restart of the 90,000 b/d Elephant oil Continue Reading
The Nigerian National Petroleum Corporation (NNPC) Wednesday said it received a request from Indonesia to supply it more volumes of Nigeria’s crude oil blends to enable it to meet the Continue Reading
Angola has been OPEC’s second most compliant member with regard to the 2016 oil production cut deal, but just like the number-one compliant member, Venezuela, this prestige does not come Continue Reading
Argentina’s state oil and gas company YPF expects its oil and gas production from shale deposits to increase 35 percent this year thanks to falling costs at the huge Vaca Continue Reading
Heavy rains, filthy conditions, medicine shortages and endemic corruption have combined to make a lethal malarial cocktail for Angola. Since the start of the year, more than 300,000 cases of Continue Reading
The International Monetary Fund on Wednesday warned that Nigeria remains vulnerable despite slowly exiting recession since its growth is tied to oil prices and improved revenues are restricted to the Continue Reading
Mexico wants to squeeze in a fifth oil auction this year, racing to put together a new package of shallow water heavy crude blocks for bidders before the current administration Continue Reading
China plans to create an energy ministry to oversee the country’s vast oil, natural gas, coal and power sectors, part of a planned government shake-up aimed at making policymaking more Continue Reading
An earthquake in Papua New Guinea rattled ExxonMobil’s gas project on the island nation to the tune of $19 billion, and a backlash against the U.S. company’s activities is becoming Continue Reading
The Trump administration is considering clamping down on Chinese investments in the U.S. and imposing tariffs on a broad range of its imports to punish Beijing for its alleged theft Continue Reading
The Energy Information Administration reported a 2.4-million-barrel build in crude oil inventories for last week. The report’s out a day after the S&P 500 futures dropped 1 percent on the Continue Reading
Exxon Mobil Corp ( XOM.N ) on Wednesday outlined an ambitious capital spending plan it said would more than double annual earnings by 2025, hoping to allay investor fears that Continue Reading
The U.S. energy secretary blasted renewable fuels champions on Wednesday while the head of Royal Dutch Shell urged the energy sector to focus on world efforts to cut carbon emissions, Continue Reading
Global miner BHP will consider swapping certain onshore oil and gas assets with competitors’ offshore assets, as part of its effort to exit U.S. shale formations, Steve Pastor, BHP’s president Continue Reading
President Donald Trump ‘s plan to open most of the coastal U.S. to offshore drilling jeopardizes at least 2.6 million jobs and almost $180 billion in the gross domestic product, Continue Reading
General Electric Co. GE 1.53% plans to unveil a new battery platform Wednesday as it seeks to become a leader in the emerging market of storing electricity. GE is set Continue Reading
General Motors Co. Chief Executive Mary Barra is pressing Washington for an expansion of electric-vehicle tax credits, a plea that would help the company and rivals like Tesla Inc. sell Continue Reading
The ground around San Francisco Bay is sinking to meet the rising sea, another reason for Bay Area residents to worry about the impact of climate change on their region. Continue Reading
