Offshore Guyana on par with the Permian basin
With trends on par with the Permian shale basin in the United States, Guyana is big enough to be transformative even for the supermajors, analysis found. Exxon Mobil Corp. and Continue Reading
Venezuela — EIA Report
Venezuela holds the largest oil reserves in the world, in large part because of the heavy oil reserves in the Orinoco Oil Basin. In addition to oil reserves, Venezuela has Continue Reading
Venezuela says ‘a challenge’ to recover lost crude output by end 2018
Venezuela has the ability to boost crude output by 1 million barrels per day (bpd) by end of the year in its bid to recover lost production, but the oil Continue Reading
China May gasoline exports up 134 percent at 1.47 million tonnes: customs
China’s gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday. Gasoline exports Continue Reading
China Drops Oil Purchases to Dodge Tariff
Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between Continue Reading
Trump threatens 20 percent U.S. tariff on EU car imports
President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars, a month after Continue Reading
Big Oil eyes U.S. minority groups to build offshore drilling support
The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration’s proposed expansion of offshore drilling, arguing it would create Continue Reading
Renewable energy seeks demand, investment to survive Trump squeeze
The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump’s tax policy and tariffs, developers said this Continue Reading
Rig Count Falls As U.S. Oil Output Flatlines
Baker Hughes reported another dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 7 rigs , according to Continue Reading
Tesla Closing Down Solar Capacity
Tesla is closing down solar panel sales and installation facilities in nine states, Reuters reports , citing current and former employees of the company’s solar business as well as internal Continue Reading