IEA executive director Fatih Birol and OPEC secretary general Mohammad Sanusi Barkindo discuss challenges facing the oil and gas industry during the CERAWeek by IHS Markit conference in Houston. There’s Continue Reading
Oil producers that operate in U.S. shale fields and OPEC member nations should do more to help stabilize crude prices, Nigerian Oil Minister Emmanuel Ibe Kachikwu said on Monday. The Continue Reading
Russian oil giant Rosneft could be the key in the talks between the Iraqi government and Kurdistan for the full resumption of oil exports from the semi-autonomous region, Reuters reported Continue Reading
Crude oil production at Sharara, Libya’s biggest oil field, was briefly suspended after the pipeline that feeds the crude from the field to the Zawiya terminal was blocked. That’s what Continue Reading
Investment uptick in Libya is unlikely until more substantial political progress is made, analysts say. Total S.A.’s recent acquisition of Marathon Oil Libya Limited is a sign of gradual improvement Continue Reading
The government of Iran imposed new restrictions on the use of the US dollar in the country. The use of the US dollar for import operations in the Islamic Republic Continue Reading
New legislation could restructure the oil sector, creating a new executive body for field management and limiting the Oil Ministry to strategic policy and regulatory functions. Iraq’s Parliament voted Monday Continue Reading
Libya resumed production on Monday from its largest oil field, the 340,000 b/d Sharara field, after a brief shutdown caused by the closure of its Sharara-Zawiya export pipeline. The field Continue Reading
There was confusion at an Italian court Monday as two lawyers purportedly representing the Nigerian government surfaced in the trial of Shell and Eni executives over alleged corruption in Nigeria. Continue Reading
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said that the corporation has as at today brought down the cost of production of Continue Reading
Parker Drilling’s Kelly Thorman discusses bribery and corruption in oil and gas and how companies can equip themselves with compliance measures. At the mention of corruption in oil and gas, Continue Reading
Pemex plans to reach out to existing partners to form new joint ventures for a pair of deepwater blocks it won in a January auction. HOUSTON, March 5 (Reuters) – Continue Reading
Chief of International Energy Agency (IEA) said Monday that China will continue to be a main driving force for the growth of global oil demand. Fatih Birol, executive director of Continue Reading
U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the country, once the world’s top oil importer, closer Continue Reading
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. Continue Reading
The amount of oil available for export from Canada exceeded its takeaway pipeline capacity by about 310,000 bpd at the end of 2017, forcing steep discounts for Canadian oil. The Continue Reading
The growth in U.S. shale oil production is threatening to create bottlenecks in refineries, new research from Wood Mackenzie has revealed . The research suggests the United States needs new Continue Reading
President Donald Trump’s planned 25% import tariff on steel is a gift to OPEC and Russia. This opinion piece presents the opinions of the author. It does not necessarily reflect Continue Reading
More than three years after the collapse in oil prices, energy-producing states continue to struggle with budget shortfalls. NEW YORK, March 2 (Reuters) – More than three years after the Continue Reading
Around 4,000 leaders of the global energy industry will gather in Houston, Texas today for the CERA Week forum — the annual event that has been called the “Oil Man’s Continue Reading
The world’s largest oil producers appealed to U.S. shale producers to join their efforts to hold global prices at their current level at a major energy conference Monday, as the Continue Reading
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. Continue Reading
Much of the media coverage of the American energy industry implies that America has become a vast and growing exporter of energy to the rest of the world and that Continue Reading
Dr. Charles Hall may not be a name you instantly recognize, but it should be. Now a Professor Emeritus of the College of Environmental Science and Forestry, Dr. Hall is Continue Reading
The UK is receiving two Russian LNG cargos this week after a rare cold spell caused by freezing winds from Siberia. Some might see a cruel irony in that: Siberian Continue Reading
Shell has spent the last three years reinventing itself for the energy future it sees in the coming decades. A few years back, Shell was a company struggling to find Continue Reading
Russia’s Energy Minister Alexander Novak has said that Russian natural gas deliveries to the European Union remain reliable despite the fresh dispute between Russia’s Gazprom and the gas company of Continue Reading
The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals, and avoid big annual fines. The I.D. Continue Reading
Reuters . Exxon, Total, and Hellenic Petroleum have teamed up to bid on a block near Crete, while Repsol and Hellenic Petroleum bid on another block in the Ionian Sea. Continue Reading
Exports of Norwegian gas by pipeline to the Europe slipped last month to a four-year low for the month of February, with flows totaling 9.09 Bcm, according to data from Continue Reading
Buoyed by strong European customer demand for hybrid versions on its core models, Toyota will phase out diesel engines from all its passenger cars in 2018. In 2017, hybrids represented Continue Reading
The specter of water wars has long loomed large in political and popular imaginations. With the end of the Cold War, fresh concerns emerged that future wars would be fought Continue Reading
Oil prices rose early on Monday ahead of a meeting between OPEC and U.S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a Continue Reading
“Friends were shot beside, in front and behind me,” remembers Mohammed Soghayer of the tumultuous days in 2011 when Tunisian security forces battled to crush mass protests that eventually ended Continue Reading
The Organization of the Petroleum Exporting Countries has not discussed“at this stage” extending production cuts into next year, the group’s president said on Sunday, adding that reducing global crude supply Continue Reading
Libya’s Sharara oilfield stopped pumping crude oil several days after output plunged at another of the OPEC member’s biggest deposits. View full article at www.bloomberg.com
Iraq’s Parliament approved the 2018 budget on Saturday, despite an ongoing boycott by Kurdish lawmakers demanding a larger share of allocations. The government intends to spend 104 trillion Iraqi dinars Continue Reading
Iraq’s oil ministry said the country produced an average total of 4.36 million b/d of crude oil in January, down just 2,000 b/d from December, and putting it just above Continue Reading
The raging labour dispute between the oil workers’ unions and Nigerian indigenous firms that have committed huge resources to develop local capacity and capability in line with the Nigerian Oil Continue Reading
PVM Oil Associates’ Stephen Brennock said in a note this week. The note followed reports about Washington getting more serious about imposing an oil embargo on the South American nation. Continue Reading
“Venezuela oil workers are dying of hunger – a military coup in 2018 seems inevitable” Dooma on Sun, 4th Mar 2018 7:52 am And the rest of the Western world Continue Reading
The situation in Mexico’s oil industry continues to rapidly disintegrate as falling oil production and rising costs resulted in an $18 billion fourth-quarter loss for the state-run oil company, PEMEX. Continue Reading
While there’s no secret that China has increased its natural gas usage, at least for those that follow energy developments, this winter’s gas demand for the country of 1.3 billion Continue Reading
China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Continue Reading
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday. Continue Reading
Today, I am breaking with two of my rules in writing these pieces. I generally try to steer clear of politics and to avoid being alarmist or overly sensational. What Continue Reading
Nick Cunningham is a freelance writer on oil and gas, renewable energy, climate change, energy policy and geopolitics. He is based in Pittsburgh, PA. The plan calls for 25 percent Continue Reading
There is no denying that EVs are here to stay, or that as the techonlogy improves so does their range of movement. It is indeed this range, or lack thereof Continue Reading
The Center for Automotive Research (CAR), a leading automotive research firm, just released a new study that casts doubt over autonomous and electric vehicles taking a huge share of traditional Continue Reading
Much of the media coverage of the American energy industry implies that America has become a vast and growing exporter of energy to the rest of the world and that Continue Reading
