Oil and gas is a trillion dollar industry, and every actor within it, be it national oil companies, multinationals, independents or oilfield services companies, has a stake in oil and Continue Reading
Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower oil demand, and as an industry data report showed Continue Reading
Government instability is set to rise over the next 3 years in oil and gas producing countries including Russia, Kazakhstan, Egypt, Kenya and Uganda, a new report highlights. Government instability Continue Reading
The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical Continue Reading
The Organization of Petroleum Exporting Countries produced 32.28 million barrels per day this month—netting a reduction of 70,000 barrels per day compared to the previous month. The February output figure Continue Reading
OPEC oil output fell in February to a 10-month low as the United Arab Emirates joined other Gulf members in over-delivering on a supply reduction pact, a Reuters survey found, Continue Reading
The grids of Turkmenistan, Afghanistan and Pakistan could be connected to bolster regional energy security, a regional lender said. File photo by Jawad Jalali/EPA-EFE Feb. 28 (UPI) — The electricity Continue Reading
Israel’s energy minister said this week that the country aims to eliminate the use of coal, gasoline and diesel fuel by 2030. Speaking at an energy conference in Tel Aviv, Continue Reading
The rehabilitation of a pipeline from northern Iraq could be in the cards for global oil companies, Iraq’s oil minister said at talks with a Russian company. Iraqi Oil Minister Continue Reading
American crude production rose to record in November U.S. petroleum exports soared to fresh highs in 2017 America’s role in the global oil market was flipped on its head in Continue Reading
The two sides reached an accord that is expected to lead to the restart of oil flows through a Kurdish pipeline to Turkey, which has been shut down since last Continue Reading
Kurdistan’s export pipeline to Turkey is the key to unlocking stranded Kirkuk production, but Baghdad, Erbil, and Ankara cannot agree on terms. Iraqi Prime Minister Haider al-Abadi (center) and Oil Continue Reading
Production from offshore Guyana to more than a half million barrels per day is supported with the latest oil discovery, the seventh for a partnership. Exxon Mobil announced oil was Continue Reading
An anonymous official from the U.S. State Department said no decision had been made regarding the upcoming round of punitive measures against President Nicolas Maduro’s regime, however. Officials are reportedly Continue Reading
The situation in Venezuela is not improving. You are probably aware of what afflicts the country: Spiraling and overlapping economic crises (largely of the government’s own making) emptied store shelves Continue Reading
The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a Continue Reading
China eliminated or suspended 65 gigawatts (GW) of coal-fired power capacity in 2017, exceeding the national target of 50 GW, the state-owned Xinhua news agency reported on Thursday, citing the Continue Reading
Summary of Weekly Petroleum Data for the Week Ending February 23, 2018 U.S. crude oil refinery inputs averaged about 15.9 million barrels per day during the week ending February 23, Continue Reading
U.S. crude oil production shattered a 47-year output record in November, and then retreated slightly in December, the Energy Information Administration said on Wednesday, as oil production from shale continued Continue Reading
U.S. Agriculture Secretary Sonny Perdue told an agriculture conference on Wednesday that he and President Donald Trump support the country’s biofuels policy, and that any reports to the contrary are Continue Reading
U.S. shale energy company EOG Resources set spending guidance for 2018 that overshadows its peers. File photo by Gary C. Caskey/UPI. Feb. 28 (UPI) — U.S. shale player EOG Resources Continue Reading
A minor tremor in Oklahoma highlights the state’s challenge to address seismicity in and around its shale basins. Map courtesy of the U.S. Geological Survey. Feb. 28 (UPI) — Shale-rich Continue Reading
U.S. President Donald Trump on Thursday will gather rivals from the oil and corn industries for the second time this week as the administration seeks elusive common ground on reforms Continue Reading
After waiting in the morning chill for other lawmakers to speak, state Rep. Nancy Mace finally took the microphone. She was the General Assembly’s newest member, only four weeks on Continue Reading
The International Air Transport Association has set an ambitious goal for its members: transporting a billion passengers on flights using biofuel by 2025. The goal is a demonstration of IATA’s Continue Reading
Ukrainian state-owned energy firm Naftogaz said on Wednesday Russia’s Gazprom would have to pay it $2.56 billion after a Stockholm court found in Naftogaz’s favor in the final stage of Continue Reading
Exxon Mobil Corp will exit some joint ventures with Russia’s Rosneft, citing Western sanctions first imposed in 2014, while the Russian company said the pullout will result in serious losses Continue Reading
Russian President Vladimir Putin said on Thursday that Russia needed to develop new technology to prospect for offshore oil and gas in the Arctic. View full article at www.reuters.com
Exxon Mobil Corp. XOM -2.27% is ending projects with Russia’s state-controlled energy giant, PAO Rosneft, because of international sanctions on Moscow, abandoning signature achievements of its former chief executive , Continue Reading
Gazprom must pay Ukraine’s Naftogaz $2.56 billion after losing a contract dispute over Russian transit gas flows to Europe, Naftogaz said late Wednesday. * Contract covers Russian gas flows to Continue Reading
