Norway’s state-backed oil company Statoil STO -0.22% is changing its name to Equinor, part of its effort to recast itself as the world’s greenest oil company . Statoil—whose name won’t Continue Reading
The UK House of Commons has released a new report on air pollution that calls for urgent action by national leadership to bring about a step change in how the Continue Reading
Statoil ASA, whose North American portfolio stretches from Canada’s offshore to the Gulf of Mexico (GOM), unveiled plans Thursday to rebrand as “Equinor” to reflect a broader energy strategy that Continue Reading
Texas has switched back to Daylight Saving Time and I am once again driving to work in the dark. The stars were still out this morning when I left the Continue Reading
Oil prices seesawed on Thursday, supported by healthy global demand but at the same time held back by a relentless rise in U.S. production that is undermining efforts led by Continue Reading
Oil prices rose Wednesday, recovering from losses in earlier trading as a drop in fuel stockpiles outweighed larger-than-anticipated increase in crude inventories and relentlessly rising U.S. production. Light, sweet crude Continue Reading
Moody’s Investors Service raised on Tuesday its price band for crude oil in the medium term to $45-$65 per barrel from $40-$60 a barrel, as continued OPEC cuts and strong Continue Reading
It is impossible to tell the whole oil story, but perhaps I can offer a few insights regarding where we are today. [1] We already seem to be back to Continue Reading
The Lower 48 isn’t the only area where development costs are moving lower, but the mentality of the industry may be changing on production, analysis found. By next year, total Continue Reading
It was a statement that most liquefied natural gas (LNG) buyers don’t necessarily want to hear; in fact, it goes against the fundamental changes currently underway in global LNG markets. Continue Reading
All of these projections have one thing in common: Over the next few years, U.S. production growth is going to far outstrip OPEC’s production growth. As a result, the U.S. Continue Reading
OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted four months ago as higher prices spur U.S. shale drilling, offsetting OPEC-led output cuts and a collapse Continue Reading
As it had done in several consecutive monthly reports, OPEC lifted again on Wednesday its estimates for non-OPEC oil supply growth this year, but this time the cartel’s estimates that Continue Reading
The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2o18 and is in thousand barrels per day, C OPEC crude Continue Reading
In its March Oil Market Report , OPEC revised up its forecast of non-OPEC supply for 2018 by 280,000 bpd, a major revision. That equates to year-on-year growth of 1.66 Continue Reading
OPEC raises its forecast for oil supply from non-member countries in 2018 as higher prices encourage US shale drillers to pump more. LONDON, March 14 (Reuters) – OPEC on Wednesday Continue Reading
The China ZhenHua Oil Company, a subsidiary of state-owned arms manufacturer Norinco, is poised to make two new investments in Iraq’s oil sector. The company is forming a new oil Continue Reading
President Donald Trump’s decision to replace his secretary of state with a more hawkish figure should have been bullish for oil prices since it increases the probability the nuclear deal Continue Reading
Saudi Arabia will keep its crude exports below 7 million bpd in April as it stays committed to draw down excess global inventories and boost oil prices, according to the Continue Reading
Iraq, OPEC’s second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity as the appetite of international energy firms for investing in Continue Reading
A consortium of Russian and Iranian companies signed an agreement with Tehran to develop two oilfields located on the country’s border with Iraq, according to emerging reports —Iran’s second deal Continue Reading
Abuja — The Organisation of Petroleum Exporting Countries (OPEC) has admitted for the first time that the growing crude oil output from the United States (U.S.) may threaten the price Continue Reading
Abuja — The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, wednesday in Abuja, said the idea of modular refineries in the Niger Delta was not designed to address Continue Reading
While it’s no secret that China has been intensifying its building frenzy, including military installations on islands, reefs and inlets in the heavily disputed South China Sea, it is also Continue Reading
PetroChina, the public division of China’s state giant CNPC, has quietly become the third-largest oil and gas company globally, with a market cap exceeding Chevron’s since the start of this Continue Reading
Heavy crude shipment leaves for China via Portland, Oregon U.S. West Coast cargo comes amid B.C. pipeline oppositon Canadian oil producers found a way to access the growing Asian energy Continue Reading
In Colorado alone, emissions from oil and gas development were poised to fall by one-third for 2017. This opinion piece presents the opinions of the author. It does not necessarily Continue Reading
After plunging oil bulls into deeper gloom by forecasting a 131,000-bpd jump in shale oil production next month, the Energy Information Administration reported a 5-million-barrel increase in crude oil inventories Continue Reading
The great oil and gas formations that U.S. shale drillers thrive on have reportedly been traced back to volcanic eruptions from the time of the dinosaurs, over 100 million years Continue Reading
Source: U.S. Energy Information Administration, based on U.S. Census Bureau In each of the past three years, the value of U.S. energy exports to Mexico has exceeded the value of Continue Reading
U.S. Interior Secretary Ryan Zinke , in his defense of a strategy of energy dominance, is out of step with the will of the people, his critics said. Zinke testified Continue Reading
With a timeline for a gas delivery point in Alaska established, Gov. Bill Walker said a hurdle for investments in the project has been cleared. Alaska Gasline Development Corp. wants Continue Reading
The departure of Rex Tillerson as the top U.S. diplomat could end the Iranian nuclear deal and send oil prices sharply higher as a result, analysis finds. U.S. President Donald Continue Reading
U.S. energy pipeline developers say they intend to pursue exemptions to the Trump Administration’s proposed steel tariffs, as concerns grow for those companies and from key exporters to the United Continue Reading
Russian gas giant Gazprom will cut hundreds of jobs at its overseas trading and export offices, including Britain, and move them to St Petersburg, according to two sources familiar with Continue Reading
Considerable improvements in battery technologies and technological advances in manned electric flight have spurred established automakers to begin examining the feasibility of flying automobiles, as both Audi and Porsche have Continue Reading
UK Prime Minister Theresa May said Wednesday the UK was “looking to other countries” for gas supply due to deteriorating relations with Russia triggered by the poisoning of ex-spy Sergei Continue Reading
Oxford-based energy generation and inertial confinement fusion research organisation, First Light Fusion is investing £3.6 million to build a pulsed power machine to advance the company’s work exploring fusion. The Continue Reading
Norwegian firm Statoil said on Thursday it will change its name to Equinor, to reflect its commitment to be a broad energy company, and not one just dedicated to oil Continue Reading
Oil prices extended falls from the previous two days on Wednesday as soaring U.S. production outweighed strong China data that makes more imports by the world’s biggest crude buyer likely. Continue Reading
Oil fell more than 1 percent on concerns over rising U.S. production and as equities fell, erasing earlier gains driven in part by the firing of U.S. Secretary of State Continue Reading
Crude oil prices drifted lower in early Tuesday trading amid warnings that emerging trade tensions could undermine an otherwise rosy economic outlook. Crude oil prices slipped in Monday trading as Continue Reading
Oil producers in the United States have continued to add to their hedge positions for 2018, which has surpassed the historical averages due to an increase in oil futures prices, Continue Reading
The American Petroleum Institute (API) reported a moderate build of 1.156 million barrels of United States crude oil inventories for the week ending March 9, according to the API data. Continue Reading
Conventional oil production still accounts for the vast majority of output around the world. – But going forward, new supply will increasingly come from tight oil (shale), oil sands and Continue Reading
Oil hedges have become popular amongst U.S. shale drillers, who have used the financial trick to lock-in higher prices for their raw goods as barrel prices edge higher. The prices Continue Reading
Three major oil firms—two from the United States and one from Europe—indicated over the past couple of weeks how they plan to spend some of their cash in order to Continue Reading
Saudi Arabia’s proposals of new metrics to determine when the oil market is balanced signals a shift in OPEC’s targets for a pact on supply cuts that has almost achieved Continue Reading
Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO) on an international exchange such as London or New Continue Reading
Big oil companies are pushing into Mediterranean waters off Israel, Lebanon and Egypt after years of U.S. diplomacy helped break open a political logjam around giant Middle Eastern natural-gas discoveries. Continue Reading
