The Trump administration this week will begin the environmental review process for oil and gas drilling on a section of the Arctic National Wildlife Refuge, a region in northern Alaska Continue Reading
The bottlenecks in the Permian are starting to capture the attention of the oil market, raising the prospect that U.S. shale production does not live up to the hype. The Continue Reading
In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” Continue Reading
Canadian Prime Minister Justin Trudeau said on Thursday a Kinder Morgan oil pipeline at the center of a dispute would be built in a way which best serves the interests Continue Reading
Kinder Morgan does not seem very upbeat about the prospects of its US$5.9-billion Trans Mountain pipeline project despite a pledge by the Alberta and federal Canadian government to support the Continue Reading
The future of oil and gas across the world is coming under intense pressure following reports by Shell, which plans to empty reserves by over 80 per cent in the Continue Reading
Technical problems were to blame for a drop in average daily oil production from Norway, one of Europe’s main suppliers, the government said. The National Petroleum Directorate, the nation’s energy Continue Reading
A joint OPEC and non-OPEC ministerial committee established to monitor compliance with a global supply cut agreement plans to meet again in Algeria in late September, sources said on Friday. Continue Reading
Germany’s new government plans to add LNG infrastructure with the planned import terminal at Brunsbuttel the most likely project as the cleaner fuel will become key to reducing shipping emissions, Continue Reading
Investment in new wind farms in Europe last year fell 19% on the year to Eur22.3 billion ($27.5 billion), according to an annual report by wind lobby group WindEurope. Total Continue Reading
Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel , which would help boost the valuation of Saudi Continue Reading
Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation Continue Reading
Oil prices rose on Thursday to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters top exporter Saudi Arabia Continue Reading
Talk of higher oil prices usually sends oil prices higher, and the situation was supported Wednesday by a drain on U.S. crude oil inventories. A surprise draw on U.S. crude Continue Reading
Oil futures jumped nearly 3 percent on Wednesday on a decline in U.S. crude inventories and after sources signaled top exporter Saudi Arabia wants to see the crude price closer Continue Reading
Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes Continue Reading
Libya’s National Oil Corporation (NOC) is considering using a chemical marking system to help trace oil products smuggled out of the country, its chairman said on Wednesday. Mustafa Sanalla also Continue Reading
Iranian Minister for Oil Bijan Zanganeh sees the relationship with Russia blossoming as both countries face increasing economic pressure from the United States. File Photo by Maryam Rahmanian/UPI April 18 Continue Reading
Israeli soldiers taking part in a training session last week in the Golan Heights. SYRIA-ISRAEL BORDER, Golan Heights — Ever since the Iranian Islamic Revolution in 1979, Iran and Israel Continue Reading
Oil investors are taking no chances that Iran’s nuclear deal with Western powers will remain intact next month. FILE PHOTO: A worker checks the valve of an oil pipe at Continue Reading
Talks between Exxon Mobil ( XOM.N ) and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to Continue Reading
Saudi Arabia and Russia forged a risky oil-market deal about 18 months ago, agreeing to throttle back output in an effort to lift prices. It worked. A glut of stored Continue Reading
Africa’s second-largest oil producer Angola is seeking non-financial assistance from the International Monetary Fund (IMF) to help it with reforms aimed at revitalizing the economy that has suffered from low Continue Reading
The decline of Venezuela’s oil production for the foreseeable future has been assumed, and to a large extent, already priced into the market. However, an acceleration in the rate of Continue Reading
Venezuelan intelligence services have arrested two local employees of Chevron, Reuters reports , citing unnamed sources. The reason for the detention has not yet been established. Neither the company, nor Continue Reading
When the Panama Canal was expanded, it drew a lot of enthusiasm, with many seeing U.S. oil and gas exports surging thanks to the wider waterway that cuts the journey Continue Reading
In a world with an ever-increasing demand for electricity and a deteriorating environment, Chinese scientists are leading the charge to develop what some see as the holy grail of energy. Continue Reading
The decision by the government of Australia’s Northern Territory government to allow the resumption of fracking for natural gas will do little to immediately solve the country’s energy woes, but Continue Reading
In most parts of the world there is probably not enough wind power capacity, but in northwestern China there is too much, it seems. As a result, one city in Continue Reading
The United States can’t stay competitive in the offshore oil and gas market without incentives like reduced royalty rates, an industry trade group said. Going against policy recommendations, U.S. Interior Continue Reading
The oil field at the heart of the U.S. shale boom appears to be choking on its own growth, a surprising development with big ramifications for energy profits and global Continue Reading
Tesla’s halt of Model 3 production is due to a comprehensive set of upgrades that will allow it to ramp up production to up to 4,000 cars per week in Continue Reading
Freeport LNG has confirmed that its engineering, procurement and construction contractor has pushed back the expected commercial start date for the export terminal’s first train to September 1, 2019, a Continue Reading
Electrify America will install electric vehicle fast chargers at more than 100 Walmart locations across 34 states by June 2019. This initiative will more than double the number of electric Continue Reading
Barclays anticipates an increase in onshore upstream spending. Barclays’ updated survey of the top 40 U.S. onshore producers indicates preliminary upstream budgets are on track to increase by 9 percent Continue Reading
The record-setting natural gas production in the United States is benefiting not only consumers. The shale-growth-driven natural gas output is expected to bring benefits to the petrochemical industry as well, Continue Reading
In a recent article , I provided a firsthand look at the booming oil production in the Permian Basin. Notably, after 100 years of production, the Permian Basin is pumping Continue Reading
Wind power generated a record 6.3-percent share of total U.S. electricity last year, with four states generating more than 30 percent of their electricity from wind power, the American Wind Continue Reading
Two out of three Canadians now feel that the British Columbian government is wrong in its stance against Kinder Morgan’s Trans Mountain pipeline, according to a new poll by Angus Continue Reading
A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta’s beaten-down heavy oil prices. On Tuesday, the Teamsters Canada Rail Conference and the International Continue Reading
Don’t look to us for help if you run out of oil, Saskatchewan’s premier tells his counterpart in British Columbia. Provincial spats have erupted over the fate of the Trans Continue Reading
Steaming geysers, dramatic waterfalls and icy landscapes lure millions of tourists to this country every year. Now its geology is fueling a computer tech boom. But the voracious electricity demand Continue Reading
U.S. crude stockpiles probably rose last week: survey Oil closed above $66, rising for the sixth time in seven sessions amid hints that OPEC may further extend its output cuts. Continue Reading
The American Petroleum Institute (API) reported a draw of 1.047 million barrels of United States crude oil inventories for the week ending April 13, largely in line with analysts who Continue Reading
Gas prices are the highest they’ve been in a few years and consumers might have to start putting some money aside to prepare for any summer travel, AAA said. File Continue Reading
As Bob Dudley set out BP’s strategy for adapting to a lower-carbon energy system at an event in London this week, there was a familiar face in the front row Continue Reading
U.S. oil production is expected to rise by another 125,000 bpd in May, compared to a month earlier. – The gains will, unsurprisingly, come from the Permian basin, which is Continue Reading
Italian energy company Eni said Tuesday it signed a series of agreements with a state-run company in Algeria that could lead to greater gas production. Eni CEO Claudio Descalzi met Continue Reading
While the continuing Russia-OPEC discussions are dominating headlines, with a focus on a possible extension of the oil production cut agreement into 2019, the market is far from stable. Growing Continue Reading
Imports of Iraqi Basrah Light crude into the Louisiana Offshore Oil Port so far in April have risen by more than 4.4 million barrels from the same period in March, Continue Reading
