Mohammed bin Salman Photographer: Simon Dawson/Bloomberg From Franklin Roosevelt to George W. Bush, American presidents saw oil as the cornerstone of the relationship between Saudi Arabia and the U.S. — Continue Reading
Prince Alwaleed bin Talal said he is likely to restructure his investment vehicle since his release in January from detention in Saudi Arabia’s crackdown on corruption. In an interview with Continue Reading
For more than a year, Saudi Arabia has claimed that its oil giant Aramco is worth around US$2 trillion, and that its initial public offering will be held in the Continue Reading
The Organization of the Petroleum Exporting Countries and Azerbaijan are discussing deepening cooperation, including possible Azeri membership of OPEC, two sources familiar with the talks told Reuters on Monday. Azerbaijan, Continue Reading
Crude oil could turn Ghana into one of the fastest-growing economies in the world. This seems to be the message coming from analysts as the West African country is set Continue Reading
Amnesty International has accused international oil companies, Shell and Eni of negligence when addressing spills in Nigeria, describing their actions as “serious negligence.” Amnesty said the companies were “taking weeks Continue Reading
from OKORO CHINEDU in Lagos, Nigeria LAGOS, (CAJ News) – WHILE it is the continent’s biggest producer of crude oil, the irony is that Nigeria suffers recurrent crippling fuel shortages. Continue Reading
The US added another weapon to its armory of sanctions against Venezuela on Monday by prohibiting all US trade in the petro, a digital currency launched by the government of Continue Reading
Cryptos are moving sharply lower in response to news that President Trump has issued an executive order banning the U.S. purchases of the "Petro", the cryptocurrency which was infamously rolled Continue Reading
The Trump administration is actively exploring options to impose sanctions on Venezuela’s oil sector, a senior U.S. official said on Monday, after the White House issued an executive order barring Continue Reading
President is planning $60 billion in tariffs, sources say American businesses warn move could hurt U.S. economy The Trump administration plans to impose tariffs worth as much as $60 billion Continue Reading
In a rare shipment, a diesel cargo will be loaded into a very large crude carrier (VLCC) from a refinery at China’s Tianjin port next month before heading to Europe Continue Reading
Australia’s Oil Search Ltd said on Tuesday that it expects its Gobe processing plant and oil export pipeline in Papua New Guinea to be operational later this week, after a Continue Reading
Troubled Shanghai-based oil company CEFC China Energy Co. says it has dropped plans for a major expansion through Central Europe, following a statement from the Czech government that the company’s Continue Reading
The heads of the U.S. Environmental Protection Agency and Agriculture Department are scheduled to meet on Tuesday to winnow down proposals to lower the cost of the nation’s biofuels policy Continue Reading
Natural gas has been billed as the key “bridge fuel” that will help the energy transition, replacing coal while buying time for renewable energy to scale up. However, even as Continue Reading
The warmest winter on record in Arctic Alaska has hit local oil production, said officials from the U.S. state, as temperatures hampered industrial machinery designed to optimize output when conditions Continue Reading
The United States exported more natural gas than it imported in 2017, marking the first time since 1957 that the United States has been a net natural gas exporter. The Continue Reading
For some time, scientists fearing the mass release of greenhouse gases from the carbon-rich, frozen soils of the Arctic have had at least one morsel of good news in their Continue Reading
U.S. crude inventories likely rose for the fourth straight week, while refined product stockpiles were seen down last week, a preliminary Reuters poll showed on Monday. Six analysts polled ahead Continue Reading
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
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
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
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
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
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
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
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
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
[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
Will rapidly rising oilfield service costs derail efforts by companies to maintain fiscal austerity while hitting their production targets? That question emerged as a major theme during fourth-quarter earnings calls, Continue Reading
Want smart analysis of the most important news in your inbox every weekday along with other global reads, interesting ideas and opinions to know? Sign up for the Today’s WorldView Continue Reading
Total CEO Patrick Pouyanne said on Sunday that the French oil and gas company would seek a waiver to continue the development of an Iranian gas field should the United Continue Reading
Iran has nearly doubled gas production at South Pars, the world’s largest gas field, in the past year, Iranian President Hassan Rouhani said Sunday, according to state media. Iranian Gas Continue Reading
Iraq agreed to pay the salaries of the Kurdistan region’s civil servants and security forces, a spokesman for the government said on Monday. “The federal finance ministry transferred a cash sum Continue Reading
Prototype of the modular refinery in Gbarain, Yenagoa. With the launch of Azikel Petroleum Refinery, Nigeria’s first modular refinery, Emmanuel Addeh , examines the prospects and challenges of modular refineries Continue Reading
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Nigerian Agip Oil Company Limited (NAOC) have faulted Amnesty International’s (AI’s) oil spill report against them. While SPDC described the Continue Reading
Meeting China’s rising demand for natural gas, especially in the heating season, could prove to be challenging due to limited domestic output, slow pipeline imports and distribution network bottlenecks. However, Continue Reading
Self-driving cars are still working to master the snow . It turns out that excessive sun can also pose a problem for the coming wave of robot drivers. The threat Continue Reading
Natural gas overtook coal as the top fuel for making electricity in the U.S. two years ago. But its brief reign is under assault in some parts of the country. Continue Reading
An oil rig worker in 2006. An increase in lift-related accidents in the offshore drilling industry last year led to surprise inspections from Interior Department officials. Faced with questions about Continue Reading
U.S. crude oil exports are surging and going to a growing number of buyers around the world, including to the fastest-growing demand centers in Asia, the traditional stronghold of the Continue Reading
Alaska Gov. Bill Walker remained upbeat, even optimistic over his state’s massive liquefied natural gas LNG export project proposal, Alaska LNG, for years, even as global oil and gas prices Continue Reading
There has been a lot of buzz about fusion in the past few days, after the announcement of “ a dramatic leap forward ” from a collaboration between MIT and Continue Reading
Czech energy magnate Pavel Tykac is ready to spend 1 billion euros ($1.2 billion) of his own cash on aging coal and gas-fired power plants across Europe. He’s betting the Continue Reading
Dutch economy minister Eric Wiebes will send a letter to the country’s Cabinet containing details of a major cut to extraction levels at the Groningen gas field by March 31 Continue Reading
In proportion to its population, the Nordic region—Denmark, Finland, Iceland, Norway and Sweden—is strikingly ahead of the rest of the world in adopting electric cars. With almost 250,000 electric cars Continue Reading
Baker Hughes reported another 6-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 990, which is Continue Reading
Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose and investors covered short bets ahead of a Continue Reading
If the oil market has felt unusually quiet in recent weeks and months, that probably reflects the almost complete lack of sharp daily price movements. While prices have soared by Continue Reading
