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Month: March 2018

Category:
  • Refining

Pennsylvania says bankrupt refiner owes $3.8 billion in taxes: filing

The state of Pennsylvania wants a federal judge to halt the bankruptcy of Philadelphia Energy Solutions (PES), arguing the refiner owes an estimated $3.8 billion in fuel taxes, according to Continue Reading

Posted On : 20 Mar 2018 Published By : Tom Whipple
Category:
  • Oil Supply

‘Netflix for Oil’ Setting Stage for $1 Trillion Battle Over Data

Explorers vie with servicers to control information on wells Contractual language evolving to speak to who owns it A battle for big data is brewing in the oil patch. The Continue Reading

Posted On : 20 Mar 2018 Published By : Tom Whipple
Category:
  • OPEC
  • Russia

Russia mulls fate of OPEC-led balancing act

Russia is considering a wide range of scenarios on what to do with a multilateral effort to balance the global oil market, its energy minister said. Russia is the largest Continue Reading

Posted On : 20 Mar 2018 Published By : Tom Whipple
Category:
  • Poland

OECD: Poland behind the energy curve

Poland, which relies heavily on Russia as an energy supplier, lacks connections with the rest of Europe and is behind the curve on renewables, the OECD said. Polish Oil and Continue Reading

Posted On : 20 Mar 2018 Published By : Tom Whipple
Category:
  • United Kingdom

The United Kingdom (UK) is the second-largest producer of oil and the third-largest producer of natural gas in OECD Europe.

The United Kingdom (UK) is the second-largest producer of oil and the third-largest producer of natural gas in OECD Europe. United Kingdom (UK) oil and natural gas production have grown Continue Reading

Posted On : 20 Mar 2018 Published By : Tom Whipple
Category:
  • Russia

Russia Struggles As Sanctions Choke Energy Sector

In the ever-turning world of oil, natural gas and geopolitics, it seems that Russia keeps coming up short – in spite of being the world’s leading oil producer and Europe’s Continue Reading

Posted On : 20 Mar 2018 Published By : Tom Whipple
Category:
  • Russia

Russia Will Stick To The OPEC Deal

Russia will continue to comply with the OPEC oil production cut deal until the deadline set in the extension agreement last November and even into 2019 if need be, Russia’s Continue Reading

Posted On : 20 Mar 2018 Published By : Tom Whipple
Category:
  • Energy Storage

Rolls-Royce partners with Superdielectrics to explore potential of new high energy capacity supercapacitor technology

Rolls-Royce has signed a collaboration agreement with UK-based technology start-up Superdielectrics Ltd to explore the potential of using novel hydrophilic polymers to create next-generation high-energy storage technology. Superdielectrics Ltd is Continue Reading

Posted On : 20 Mar 2018 Published By : Tom Whipple
Category:
  • Prices

Oil prices fall as increased U.S. drilling points to higher output

Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply.  U.S. West Texas Intermediate (WTI) crude futures Continue Reading

Posted On : 19 Mar 2018 Published By : Tom Whipple
Category:
  • Energy Demand

Oil Markets Should Fear A Demand Shortage

[1] We already seem to be back to the falling oil prices and refilling storage tanks scenario. U.S. crude oil stocks hit their low point on January 19, 2018 and Continue Reading

Posted On : 19 Mar 2018 Published By : Tom Whipple

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