The global renewable energy generation capacity increased by 167 gigawatts (GW) to reach 2,179 GW by the end of 2017, representing an average annual growth of 8.3 percent for seven Continue Reading
Global warming of 1.5°C is imminent, likely in just a decade from now. That’s the stunning conclusion to be drawn from a number of recent studies, surveyed below. Paris Commitments Continue Reading
State oil giant Saudi Aramco and French oil major Total plan to sign an agreement next week for the expansion of their joint venture refinery in Saudi Arabia, sources familiar Continue Reading
In an unexpected move seen as bullish by futures traders, Saudi Aramco lifted the official selling price (OSP) of its flagship Arab Light crude grade to Asian customers for May Continue Reading
Crude oil prices jumped a percent today on comments from Saudi Arabia’s Energy Minister Khalid al-Falih, who said he expected the OPEC+ production cut deal would be extended into next Continue Reading
Sudan — The fuel crisis has hit the capital of Sudan and all the states doubling the suffering of the residents in all the markets in the countryside, towns and Continue Reading
SINGAPORE (Reuters) – Asian oil traders are stumped by how Saudi Arabia derived its official selling prices (OSP) for May after the world’s top oil exporter unexpectedly raised the price Continue Reading
As the U.S. moves closer to pulling out of the Iran nuclear deal and re-imposing sanctions, Iran could see some of the recent progress in its energy industry being rolled Continue Reading
When oil and gas production started at the Erhoike flow station, Kokori/Orogun bloc, Delta State in 1963, just three years after the nation’s independence, the villagers, chiefly subsistence farmers, who Continue Reading
BP expects up to a tenth of its total earnings to come from India over the next ten years, but not from oil: the company will focus on natural gas, Continue Reading
A research team led by the National University of Singapore (NUS) has developed an economical and industrially viable strategy to produce graphene. The new technique addresses the long-standing challenge of Continue Reading
WASHINGTON—President Donald Trump threatened a major escalation in trade tensions with Beijing on Thursday, saying he was considering imposing tariffs on an additional $100 billion in imports from China. The Continue Reading
As Australia’s second largest independent gas producer continues to recover from years of financial doldrums, posting an impressive 433 percent surge in underlying profit in 2017 over the previous year. Continue Reading
The Permian Basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude Continue Reading
An ongoing switch to the summer-grade product has helped push US Atlantic Coast gasoline imports to a seven-month in March, according to US Customs data. The USAC imported 11.92 million Continue Reading
The NYMEX May natural gas futures was down in morning trading on Thursday, as a mild weather outlook, an expectation for falling demand and continued strong production have put downward Continue Reading
When everyone in oil seems like they are ready to pay anything for a piece of land in the Permian Basin, a report that one oil company is actually selling Continue Reading
Just days after Elon Musk’s not-so-well-received April Fool’s tweet that spoke of Tesla’s imminent bankruptcy in jest, one analyst is predicting that that doesn’t seem so foolish after all. The Continue Reading
Summary Anticipated US liquids production growth accounts for almost all projected non-OPEC growth in 2018 and 2019. Roughly 70% of US production growth will come from the Permian Basin. This Continue Reading
Beatrice, the largest wind farm off the coast of Scotland, is closer to working now that cables are installed for the grid. Image courtesy of Scottish energy company SSE April Continue Reading
Russian Energy Minister Alexander Novak said that an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite once a current deal to curb oil production expires Continue Reading
Oil prices steadied on Thursday as an easing of trade tensions between the United States and China and a surprise draw in U.S. crude inventories last week supported the market. Continue Reading
OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance Continue Reading
Former chairman of the Senate Committee on Finance, Ahmed Markarfi yesterday gave reasons his panel did not indict former Petroleum Minister, Mrs. Diezani Allison- Maduake over alleged non-remittance of $49.8 Continue Reading
Libya’s National Oil Corporation (NOC) said on Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of an office complex in the Continue Reading
An oil and gas discovery announced during the weekend off the coast of Bahrain could hold at least 80 billion barrels, the government announced Wednesday. Bahraini Oil Minister Mohamed bin Continue Reading
An oil tanker moving through the Red Sea suffered only minor damage after it was attacked by Houthi rebels in Yemen, the Saudi government said. Col. Turku al-Maliki, spokesman for Continue Reading
Russian energy companies could spend as much as US$50 billion on oil and gas exploration in Iran, a presidential aide told media. Yuri Ushakov said companies including Rosneft, Gazprom, Gazprom Continue Reading
Tensions between Iran and Saudi Arabia triggered doubts about the success of the OPEC+ oil production cut deal two years ago when it was first being hatched. Now, with the Continue Reading
Abuja — A study commissioned by the Nigerian Natural Resource Charter (NNRC) and conducted by the Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan on the contributions Continue Reading
Nigeria has steadily overtaken Angola as the top oil and gas producer in Africa, with an increased out put of 91,500 barrels per day (bpd) in February 2018. Angola, which Continue Reading
US imports of Venezuelan crude have fallen to near historic lows and five Gulf Coast refineries now import nearly every barrel the imperiled South American nation exports here, new US Continue Reading
Venezuela’s oil production fell by another 100,000 barrels per day (bpd) in March, a devastating blow that will only make the country’s economic crisis worse. Output is expected to continue Continue Reading
Gulf Coast Refineries in the United States are importing crude oil from other countries in order to insulate themselves from possible US-imposed sanctions on Venezuela. Using data compiled in part Continue Reading
The state-run energy firms of Chile and Argentina said on Wednesday they had inaugurated a $354 million project to increase production of natural gas off the southern tip of South Continue Reading
Oil giant BP Plc expects almost a tenth of its global earnings from India over the next decade as it bets big on natural gas output, marketing and renewable initiatives Continue Reading
After intense lobbying, Oklahoma’s oilmen scored a victory two years ago. State lawmakers voted to keep in place some of the lowest taxes on oil and gas production in the Continue Reading
The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether. If that is the case, a Reuters analysis of Continue Reading
With threats of legal action, if necessary, U.S. state attorneys general said they would oppose an EPA effort to weaken auto fuels and emissions standards. U.S. Environmental Protection Agency Administrator Continue Reading
A consortium of power and engineering firms are advancing on what could be the first wind farm off the coast of California, the project director said. The Redwood Coast Energy Continue Reading
Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. Continue Reading
U.S. crude oil refinery inputs averaged over 16.9 million barrels per day during the week ending March 30, 2018, 141,000 barrels per day more than the previous week’s average. Refineries Continue Reading
The Trump administration seems to be leaning towards allying with the oil refining industry in its fight against Big Corn and federal rules requiring the use of corn ethanol. Reuters Continue Reading
U.S. shale companies are set to increase their capital expenditures by 20 percent this year, while also boosting their production guidance, according to Rystad Energy . Obviously, the Permian is Continue Reading
The world’s biggest oil companies preferred to bid on areas close to existing infrastructure and largely stayed out of unexplored acreage in last month’s lease sale in the Gulf of Continue Reading
Four gas pipeline operators in the U.S. have had to shut down their communications systems after breakdowns caused by cyberattacks, fueling fear of more hostile cyberactivity to come. Energy Transfer Continue Reading
The U.S. Environmental Protection Agency has approved the request of 25 small refineries to be exempted from the nation’s biofuels laws, an agency source said on Wednesday, marking a big Continue Reading
A third U.S. pipeline company reported its electronic system for communicating with customers has stopped working, a day after a cyberattack resulted in a similar shutdown. The Department of Homeland Continue Reading
Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment Continue Reading
The number of U.S. homeowners putting solar panels on their roofs declined last year after leading installers including Tesla Inc. abandoned aggressive sales practices that had helped drive breakneck growth. Continue Reading
