A British task force said Thursday that carbon capture and storage is ready for deployment provided investments materialize by the early 2020s. “After six months of intense discussions between a Continue Reading
Russian energy company Novatek said Thursday it shipped its first batch of liquefied natural gas to China using a so-called Northern Sea Route. The northern passageway is a shipping lane Continue Reading
Amid growing speculation that President Donald Trump could weaken US sanctions on Russia’s oil sector, US congressional leaders are pushing legislation to strengthen sanctions on Russian export pipelines and joint Continue Reading
Moscow — Russian energy minister Alexander Novak Friday described a US bill introduced by senator John Barasso, Republican-Wyoming, that would impose mandatory sanctions against the Nord Stream 2 pipeline as Continue Reading
Oil prices fell on Thursday after official data showed an unexpected rise in U.S. crude stockpiles, U.S. output hit a record high and major oil exporters increased production. International crude Continue Reading
Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the Continue Reading
Oil prices ended higher for a second straight session Wednesday despite data that showed U.S. inventories of crude oil increased sharply last week. Light, sweet crude for August delivery ended Continue Reading
Widespread civil unrest has begun to diminish in southern Iraq, leaving the country’s oil sector shaken but secure – though protesters have vowed to return. Operations at several oil fields Continue Reading
The latest port blockade in Libya, which had sent the country’s oil production plunging and oil prices surging, was lifted last week with new promises of transparency and the fair Continue Reading
Just a few days after Libya reopened its eastern oil ports and started to ramp up production that had been offline for weeks, the National Oil Corporation (NOC) declared force Continue Reading
