Army researchers have developed a novel, structurally-stable, aluminum-based nanogalvanic alloy powder that, when combined with water or any water-based liquid, reacts to produce on-demand hydrogen for power generation at room Continue Reading
The Deepwater Horizon offshore drilling rig exploded on April 20, 2010, killing 11 workers. Gas erupted into a massive fireball, and then the rig gushed 4.9 million barrels of crude Continue Reading
German farmers could lose around half their harvests – and in some cases all of them – due to unusually warm temperatures and dryness seen in May, the head of Continue Reading
Over 795 million people in the world are hungry, and by 2050 there will be an additional 2 billion people to feed. Is the Earth able to provide enough food Continue Reading
Oil prices rose by the biggest amount in nearly two years Friday after some of the world’s major oil producers agreed to boost crude output less than many investors had Continue Reading
OPEC has finally met, and as most expected, the cartel agreed that any country within the group that has space capacity will be able to boost oil production, with Saudi Continue Reading
Trillions of dollars of investments are needed to keep pace with global oil demand expectations, OPEC’s president said. File Photo courtesy of OPEC June 22 (UPI) — Given the pace Continue Reading
U.S. Energy Information Administration, based on Evaluate Energy Note: Rest of world includes associated companies’ reserves with unspecified geographies. In 2017, a group of the world’s largest publicly traded oil Continue Reading
BP recently published energy data through December 31, 2017, in its Statistical Review of World Energy 2018 . The following are a few points we observe, looking at the data: Continue Reading
OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to Continue Reading
The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which Continue Reading
After a hectic week of unofficial meetings between OPEC members in Vienna, largely in and around the Hofburg, the former residency of the Austrian Emperor Franz Jozef and his wife Continue Reading
The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday. Iraq Continue Reading
Plans outlined in agreements with the Kurdish government and Hungarian partners could boost Kurdish oil output by more than 50 percent, Gulf Keystone said. The company said Friday it reached Continue Reading
The U.S. has asked Japan to completely stop importing Iranian crude, unnamed sources close to bilateral talks from earlier this week told Bloomberg. Japan has not yet decided how to Continue Reading
The Libyan National Army has retaken the key eastern oil terminals of Ras Lanuf and Es Sider that shut 450,000 b/d of crude production, the head of the state-owned National Continue Reading
The El Gezira and El Managil Agricultural Scheme has warned of the failure of planting sorghum, groundnut and cotton in the current agricultural season because of the increasing prices of Continue Reading
A ruling Thursday by Iraq’s highest court has deepened the political uncertainty surrounding Iraq’s recent elections and ongoing negotiations to form a new government. The Supreme Court issued a much-anticipated Continue Reading
Drilling completed in an emerging West African oil prospect in land-locked Niger. Photo courtesy of Savannah Petroleum June 22 (UPI) — Oil prospects from frontier basins in West Africa could Continue Reading
Long-term pressures on the oil sector in Venezuela won’t be resolved anytime soon, so production woes are expected to continue, a U.S. energy report found. Lingering production declines from Venezuela Continue Reading
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 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 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’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
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
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
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
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
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 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
Low supply is helping support US thermal coal export prices, as extra tons remains hard to come by, market sources said Friday. “I know of only one [Illinois Basin] cargo Continue Reading
The U.S. Environmental Protection Agency will propose setting a 19.88-billion-gallon biofuels blending mandate in 2019 under the Renewable Fuel Standard (RFS), up about 3 percent from 2018, according to two Continue Reading
Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse. (Bloomberg) Continue Reading
This week marks the 30th anniversary of the first public warning that global warming had started, and climate scientists are assessing where the predictions of the NASA scientist who sounded Continue Reading
Oil prices rose more than 1 percent on Friday as OPEC struggled to agree on a deal to increase output to compensate for losses in production at a time of Continue Reading
A s much as we lament overloaded electrical grids, rising gasoline prices or the atmospheric effects of carbon emissions, we take for granted the abundance of energy all around us, Continue Reading
U.S. natural gas production will increase by 10 percent this year alone and by as much as 60 percent by 2037, a new report from IHS Markit has forecast. The Continue Reading
The global oil industry needs to find “another Iraq or North Sea every year” to plug the shortfall of oil supply as demand continues to grow, Majid Jafar, the chief Continue Reading
Crude oil prices moved deep into negative territory in early Thursday trading amid expectations of a consensus agreement from OPEC on future production. The International Energy Agency has said the Continue Reading
The odds of an orderly agreement in Vienna significantly increased over the last day or so as Iran appeared to soften its hard line, voicing some openness to a modest Continue Reading
The renewed U.S.-Chinese trade tit-for-tat threatens to limit U.S. crude oil exports to China that have been gaining pace in recent months and eating into OPEC’s share in the market, Continue Reading
As discussed on CNBC Asia last night , Core OPEC has been ramping up exports this month ahead of tomorrow’s OPEC meeting in Vienna. Historically, production typically rises ahead of Continue Reading
As the U.S. government weighs in on the conflict in the OPEC member, military forces in Libya regained control over key oil installations, reports read Thursday. Al-Jazeera reported Thursday that Continue Reading
Turkey said on Thursday that it would be accepting applications for the construction and operation of a 1,200-MW offshore wind farm— the world’s biggest —by October 23. The Renewable Energy Continue Reading
Clashes at Libya’s oil port of Ras Lanuf resulted in a third storage tank set on fire, a witness and an oil engineer told Reuters on Thursday. Over the past Continue Reading
Saudi Arabia has cleared another hurdle on its way to successfully launching Aramco’s initial public offering after MSCI granted it emerging market status in its latest review, Morningstar reports . Continue Reading
Iraq’s highest court largely backed a Parliament law requiring a manual recount of the May 12 elections, but political leaders disagree about how to interpret the ruling. Iraq’s Federal Supreme Continue Reading
New policies enacted by Brazilian energy regulators facilitate construction of the production infrastructure needed to crack into offshore oil, a report found. A compromise solution from the National Agency of Continue Reading
The U.S. sanctions against Venezuela are affecting consumers worldwide and are an attack on the oil market, Venezuelan Oil Minister Manuel Quevedo said on Thursday. The minister, speaking at an Continue Reading
By the year 2019, Nigeria is not only aiming to end fuel importation but to becoming a net exporter of the product, the Group Managing Director of the Nigerian Petroleum Continue Reading
