Work stoppage begins at Total platforms
An offshore union said Monday that production at three North Sea platforms operated by Total was shut down as a result of a labor strike. “We can confirm that the Continue Reading
British groundwater monitors review oil and gas risks
British authorities said Monday they were working to examine the potential vulnerability to groundwater supplies from onshore oil and gas activity. The British Geological Survey and the nation’s Environment Agency Continue Reading
Russian oil producer Rosneft offers oil price range
The head of Russian oil company Rosneft said that, from his view, the price for Brent crude oil will likely stay below $80 per barrel for the rest of the Continue Reading
Rosneft Sees Oil At $80 By Christmas
Rosneft’s chief executive Igor Sechin expects Brent could reach US$80 a barrel by this year’s end, Interfax reports citing a TV interview of the oil tycoon. The company’s budget for Continue Reading
Oil steady after G20 warns of risks to growth
Oil prices stabilized on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand. Benchmark Brent crude oil Continue Reading
Is The Oil World In Panic Mode?
What’s causing it? Market analysts have been struggling to find a single reason for it, preferring to cite a cocktail of negative news and rumor to explain the downdraft. There Continue Reading
IEA: World Is Not Spending Enough On Energy
Global energy investment fell by 2 percent in 2017, the third consecutive year of a decline, according to the International Energy Agency, which sounded the alarm this week , warning Continue Reading
Is The LNG Floating Storage Boom Over?
The relatively young industry of projects using floating storage and regasification units (FSRU) has enjoyed boom years since 2015 as many new importers of liquefied natural gas (LNG) used these Continue Reading
Iran leader backs suggestion to block Gulf oil exports if own sales stopped
Iran’s Supreme Leader Ayatollah Ali Khamenei on Saturday backed President Hassan Rouhani’s suggestion that Iran may block Gulf oil exports if its own exports are stopped and said negotiations with Continue Reading
Iran Warns Trump Not To Cut Off Oil Exports, Threatens “Mother Of All Wars”
Iran’s president Hassan Rouhani warned the US not to threaten the nation’s oil exports, called for improved relations with its neighbors including arch-nemesis Saudi Arabia, and cautioned the US that Continue Reading