US unconventional oil output is estimated to jump 144,000 b/d in June to 7.178 million b/d, the US Energy Information Administration said Monday in its Drilling Productivity Report, the biggest Continue Reading
US investors’ difficulties in financing a second wave of LNG export projects have given Western Canada the chance to prove it can be more competitive than the Gulf Coast as Continue Reading
U.S. shale production is expected to rise by about 145,000 barrels per day to a record 7.18 million bpd in June, the U.S. Energy Information Administration said on Monday. A Continue Reading
Drivers gearing up for trips this summer face escalating prices at the gasoline pump, an early sign that $70-a-barrel oil is starting to reach into consumers’ wallets. Average U.S. retail Continue Reading
US crude imports into the Louisiana Offshore Oil Port appear to be on an upswing in May alongside the recent increase in regional sour crude prices. About 3.95 million barrels Continue Reading
The startup of Indianapolis Power & Light Company’s Eagle Valley combined-cycle natural gas plant marks a shift toward gas as the utility’s largest power generation source, replacing coal, the company Continue Reading
Russian oil company Rosneft said Monday its revenue increased more than 20 percent from last year, even as its production levels declined. The oil company reported first-quarter revenue of $30.9 Continue Reading
The ticker symbol for Norwegian energy major Statoil, STL, leaves the market this week when the company officially changes its name to Equinor, it said Monday. A vote is expected Continue Reading
An architect of the Paris climate agreement urged governments on Tuesday to halt oil exploration in the Arctic, saying drilling was not economical and warming threatened the environmentally fragile region. Continue Reading
In the wake of Putin’s May 7 inauguration, the corridors of power in Moscow have been replete with speculation regarding the composition of the next government. Alexander Novak, the Energy Continue Reading
The biggest energy company in Portugal— EDP-Energias de Portugal SA—is expected to reject a US$10.9 billion (9.1 billion euro) offer from its largest shareholder China Three Gorges that seeks to Continue Reading
Oil prices eased from 3-1/2-year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher Continue Reading
There are plenty of reasons why the oil market is suddenly on edge, and why oil prices are at their highest level since 2014. Venezuela’s oil production is falling off Continue Reading
Shares in global oil and gas companies have surged during the current quarter, boosted by rising oil prices, improving earnings and promises of hefty cash returns to shareholders. The strong Continue Reading
Citigroup, BMO doubt prices will reach the triple digits anytime soon. File Image / Pixabay In a week that saw a diverse range of analytical forecasts about the consequences of Continue Reading
A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to Continue Reading
DUBAI (Reuters) – Iranian President Hassan Rouhani reiterated on Sunday that Tehran would remain committed to its 2015 nuclear deal if its interests can be protected and said the U.S. Continue Reading
India’s oil minister on Saturday expressed concern about the rise oil prices but said it was too early to predict the impact of U.S. sanctions on his country’s imports of Continue Reading
Oil industry sources over the weekend made startling disclosures of how top industry officials ruined Nigeria’s four refineries by diverting huge funds earmarked for their routine comprehensive turnaround maintenance (TAM). Continue Reading
The Nigerian National Petroleum Corporation (NNPC) says the nation recorded 194 cases of pipeline vandalism between January 2017 and the corresponding period of this year.During the release of its January Continue Reading
Analysts’ estimates of the possible reduction in Iranian crude supplies as a result of any new USA sanctions range from 200,000 bpd to 1 million bpd. Hours before of Trump’s Continue Reading
India is set to receive its first ever crude oil consignment for storing in the newly built strategic oil reserve at Mangaluru as India’s petroleum minister Dharmendra Pradhan and Abu Continue Reading
The growth of the shale industry will strengthen the U.S. for the next 15 to 20 years, Borealis Chief Executive Mark Garrett told CNBC on Sunday. “We’re very positive on Continue Reading
Death spiral is an overused term, but it is justified when describing Venezuela’s oil industry right now. Energy consumers and investors should pay attention. Though production at national oil company Continue Reading
Maxwell Technologies is putting the lifetime value of its recently announced deal to provide ultracapacitor-based subsystems to Zhejiang Geely Holding Group (Geely), the parent company of leading brands such as Continue Reading
Oilfield services provider Petrofac has hired banks to help it sell its oil assets in Mexico and is looking to scale back its upstream oil and gas business, Reuters reported Continue Reading
Geologist Arthur Berman, who has been skeptical about the shale boom, warned on Thursday that the Permian’s best years are gone and that the most productive U.S. shale play has Continue Reading
Drivers gearing up for trips this summer face escalating prices at the gasoline pump, an early sign that $70-a-barrel oil is starting to reach into consumers’ wallets. Average U.S. retail Continue Reading
The U.S. Department of Energy (DOE) wants to develop so called “Coal-Based Power Plants of the Future” according to a recent Request for Information. Well, not exactly. To be precise, Continue Reading
The history of power production through the early part of the 21st century was very much a tale of nonrenewable energy resources. Power was produced primarily by coal, natural gas, Continue Reading
Brussels is to propose a 15 per cent cut to trucks’ emissions within seven years, rejecting calls from companies, campaigners and some EU member states for more ambitious targets to help Continue Reading
We normally associate Cornwall in England with scones and cream teas … or, if we are really metal nerds, we associate the sometimes-sunny southeast country of the British Isles with Continue Reading
Vladimir Putin started his fourth term as Russia’s president by promising ambitious new social programs ( Kremlin.ru, May 7 ). He may be able to deliver on these promises because Continue Reading
The United Kingdom is very diligent in its efforts to become a greener country. This year, local media were proud to report that electricity produced by wind and solar installations Continue Reading
A research group from the University of Turku, Finland, has discovered an efficient way for transforming solar energy into the chemical energy of biohydrogen through the photosynthesis of green algae Continue Reading
Crude prices fell in a see-saw session on Friday, retreating after early gains as it looked likely that U.S. allies would push to maintain a deal with Iran, which could Continue Reading
Crude oil prices were stuck in something of a holding pattern on Friday as the needle for geopolitical risk spins with no clear direction. Crude oil prices have been elevated Continue Reading
Oil prices have continued their climb following a week of bullish news, and with geopolitical tensions reaching a boiling point, prices are poised to head even higher. Iran continues to Continue Reading
There may be certain members of OPEC acting as “tools” for a U.S. government looking to capitalize on shale oil momentum, Iran’s oil minister said. Crude oil prices are trading Continue Reading
President Donald Trump’s decision to withdraw from the Iran nuclear deal could pile pressure on OPEC’s pact to limit production and upset the delicate balance among its disparate signatories, analysts Continue Reading
The Iranian president’s signature achievement, a landmark nuclear deal with world powers, is starting to unravel, and his economy is in distress even before renewed U.S. sanctions begin to bite, Continue Reading
U.S. President Trump has made a deal with some OPEC producers to keep prices high as they support the U.S. economy and boost federal taxes. This is what Iran’s Energy Continue Reading
Russia’s second-biggest oil producer, Lukoil, has signed a development plan for the West Qurna-2 oil field in Iraq with local Basra Oil Company, targeting to double oil production from the Continue Reading
Iraqis are heading to the polls this Sunday to elect their next government, which is most likely to be a coalition—a change that could see delays in new oil projects Continue Reading
Iraqis have begun voting in parliamentary elections that will shape the country’s trajectory as it looks to rebuild and attract investment after its devastating four-year battle with Isis. The poll Continue Reading
Venezuela’s state-run oil company PDVSA is preparing to shut a Caribbean refinery that is running out of crude amid threats by ConocoPhillips to seize cargoes sent to resupply the facility, Continue Reading
The U.S. shale oil industry hailed as a “revolution” has burned through a quarter trillion dollars more than it has brought in over the last decade. It has been a Continue Reading
For much of the last century, observers of the oil industry have debated when or if we might reach so-called peak oil — the point when the maximum rate of Continue Reading
The geologist who earned the wrath of shale drillers a decade ago with forecasts that natural gas was about to run out is now warning that the Permian Basin has Continue Reading
US LNG is still a rare visitor to European shores despite low LNG stocks — especially in northwest Europe — and high European hub prices. Only three cargoes to UK, Continue Reading
