Iraqi oil exports increase despite protests
Iraqi oil exports for June, the last full month for which data are available, were slightly higher than the month before on average, the government reported Statistics from the State Continue Reading
Energy sector remains vulnerable to protester ire
Civil unrest in Basra is keeping Iraq’s oil sector on edge, as protests continue and saboteurs have launched at least two minor attacks on energy infrastructure in the past week. Continue Reading
Nigeria: Oil Producing Communities Want Derivation Fund Raised to 50%
Oil producing communities in the Niger Delta region of the country have indicated their preference to have the new bill – the Petroleum Host and Impacted Communities Bill (PHICB) – Continue Reading
Colombia could create new system for oil round bidding amid delays
Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator said, after repeated Continue Reading
Venezuela facing ‘profound’ economic crisis
The IMF said the economic crisis in Venezuela, one of the founding members of OPEC, is “profound” as a substantial drop in oil production takes its toll. In an outlook Continue Reading
Surveys begin at potential Australian oil and gas giant
Australian energy company Melbana said surveys have started in the Beehive prospect, one of the largest undrilled prospects in the country. The country said seismic surveys were under way and Continue Reading
China steps up controls on maritime emissions
China’s decision to regulate maritime fuels could have a significant impact on international efforts to lower emissions from shipping, analysis finds. Following its so-called Blue Sky initiative, the Chinese Ministry Continue Reading
Is This The Next Coal Megaproject?
Some 80km from the Chinese border, the tiny Russian village of Yerkovtsy might provide the setting for a new Russo-Chinese megaproject. The 38 BCm/year Power of Siberia (and its potential Continue Reading
In China’s far west, CNPC vows $22 billion spend to replace ageing oil wells
China National Petroleum Corp (CNPC) said on Wednesday it will spend more than 150 billion yuan ($22 billion) by 2020 to boost oil and gas production in the western region Continue Reading
The Latest Battlefield In Asia’s Energy War
Last week, Chinese President Xi Jinping reportedly offered Sri Lanka a new grant of 2 billion yuan ($295 million). According to media reports, Sri Lankan President Maithripala Sirisena made the Continue Reading
Exclusive: Occidental Petroleum explores sale of pipeline assets – sources
Occidental Petroleum Corp ( OXY.N ) is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and Continue Reading
Colorado’s Shale Boom Threatened By Ballot Initiative
There’s a good chance that a ballot initiative to significantly expand the buffer zones between oil and gas wells and homes and other buildings could be up for voting by Continue Reading
The Three Best Oil Majors Of 2018
Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn. A Rystad Energy review of the performance of their recent projects Continue Reading
Trump administration to freeze fuel-efficiency standards and fight states
Trump administration officials are preparing to issue a proposal within days to freeze fuel-efficiency standards for cars and light trucks for six years and challenge the right of California and Continue Reading
Is The Solar Industry Really In Trouble?
Last week Goldman Sachs ruined the mood of many in the solar industry—at least of those who pay attention to investment bank forecasts—by projecting that the solar panel market will Continue Reading
Oil, Gas Companies Focus on Recruitment, Retention in the Permian
While Midland is enjoying low unemployment rates due to increased Permian activity, there is still a high demand for oilfield talent. The lure of high wages and bustling activity are Continue Reading
ExxonMobil leaves conservative anti-climate lobbying group
Following a public spat over climate change legislation, oil giant ExxonMobil has pulled its membership from the Koch brothers-backed anti-climate-change lobbying group, American Legislative Exchange Council. Neither ExxonMobil nor ALEC Continue Reading
What to do with a smaller SPR
With help from Anthony Adragna, Megan Cassella, Ben Lefebvre and Sarah Ferris WHAT TO DO WITH A SMALLER SPR: Congress has promised to pull so much oil out of the Continue Reading
In first for UK, government clears Cuadrilla to frack shale gas site
Shale gas developer Cuadrilla on Tuesday became the first operator in Britain to receive final consent from the government to frack an onshore horizontal exploration well, paving the way for Continue Reading
Nuclear power looks to shrink its way to success
Everything about nuclear energy seems terrifically big: the cost, construction and decommissioning — and the fears of something going badly wrong. The future, however, may well be much smaller. Dozens Continue Reading
Oil prices drop on worries about oversupply
Oil prices extended declines into a second session on Tuesday as attention shifted to the risk of oversupply, with market participants shrugging off escalating tensions between the United States and Continue Reading
Crude pulls back as focus returns to oversupply
Oil prices edged lower on Monday as the focus turned to oversupply worries, moving away from escalating tensions between the U.S. and Iran, which had driven prices higher early in Continue Reading
Trump tells Iran ‘never, ever threaten’ U.S. or suffer consequences
U.S. President Donald Trump told Iran it risked dire consequences “the like of which few throughout history have suffered before” if the Islamic Republic made more threats against the United Continue Reading
U.S.-Iran flare up supportive of crude oil prices
A flare-up in U.S.-Iranian tensions, coupled with a work stoppage in the North Sea, sent crude oil prices higher Monday ahead of the start of U.S. trading. In an apparent Continue Reading
Iranian President Threatens U.S. With “Mother Of All Wars”
Iran’s President Hassan Rouhani has threatened the United States with “the mother of all wars” if Washington continues pressuring it with sanctions and attempts to foment unrest among the already Continue Reading
Iran dismisses angry Trump warning against threatening U.S.
Iran on Monday dismissed an angry warning from U.S. President Donald Trump that Tehran risked dire consequences “the like of which few throughout history have suffered before” if it made Continue Reading
Iran says will respond with equal countermeasures if U.S. tries to block oil exports
Iran will respond with equal countermeasures if the United States tries to block its oil exports, Tehran’s foreign ministry spokesman said Tuesday. “If America wants to take a serious step Continue Reading
Trump’s Iran Tweet Fails To Send Oil Prices Soaring
To Iranian President Rouhani: NEVER, EVER THREATEN THE UNITED STATES AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE. WE ARE NO Continue Reading
Has Saudi Arabia Fooled Oil Analysts?
There is never a dull moment in the Desert Kingdom when looking at the ongoing economic changes taking place inside Saudi Arabia. The world’s largest oil company Saudi Aramco, the Continue Reading
Exclusive: General Electric’s power unit faces threat in Saudi Arabia
One of General Electric Co’s ( GE.N ) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to Continue Reading
Tullow Threatens to Derail Kenya’s Fledgling Oil Industry
Kenya’s oil industry is facing new challenges as Tullow Oil threatened over the weekend to shut down its oil wells in the Lokichar basin if the government does not act Continue Reading
Iran Overtakes Saudi As India’s Second Largest Oil Supplier
Iran has overtaken Saudi Arabia as India’s number two oil supplier in the April-June quarter, India’s oil minister said on Monday. Iraq remains India’s number-one supplier of crude. While Iran Continue Reading
Sri Lanka Looks To Pay For Iranian Crude With Tea
Sri Lanka will pay down its oil debt held by Iran with tea in response to new regulations that Sri Lanka has issued in order to comply with a UN Continue Reading
Germany Encourages India To Keep Buying Oil From Iran
Germany’s minister of state for foreign affairs has encouraged India to continue buying Iranian oil, despite pressure from the United States, which Niels Annen called “irritating, to put it mildly.” Continue Reading
Guyana’s Oil Reserves Are Larger Than Expected
. Gross discovered recoverable resources for Hess’s Stabroek Block has been revised upward to 4 million barrels of oil equivalent—up from the previous estimate of 3.2 billion barrels. “The Stabroek Continue Reading
China’s $74bn cash injection highlights growth worries
China’s central bank injected Rmb502bn ($74bn) into its banking system on Monday to help fortify a weakening domestic economy against the impact of an escalating trade war with the US Continue Reading
Taiwan Refiner Samples U.S. Crude
Taiwanese refiner Formosa Petrochemical Corp has bought its first-ever cargo of U.S. crude oil—Mars grade—as part of efforts to diversify supplies, Reuters reports , citing a company spokesman. The spokesman, Continue Reading
China unveils fresh measures to boost growth
China has announced a mix of tax cuts and infrastructure spending citing “uncertainty”, as it ramps up efforts to stimulate demand and counteract a weakening economy. The move, announced late Continue Reading
Halliburton sees North America as the best market
In announcing gains insecond-quarterr revenue, drilling services company Halliburton said North America is the fastest growing energy market in the world. Halliburton reported total revenue for the three months ending Continue Reading
Trump Is Right on Nord Stream 2
President Trump was right to criticize Chancellor Angela Merkel’s plan for a new pipeline carrying Russian natural gas to Germany. This project threatens European independence and the North Atlantic Treaty Continue Reading
Air conditioning accounts for about 12% of U.S. home energy expenditures
Source: U.S. Energy Information Administration, 2015 Residential Energy Consumption Survey Note: Climate regions based on Department of Energy Building America climate regions . Air-conditioning equipment is used in 87% of Continue Reading
Anti-OPEC Bill Could Be A Game-Changer For Oil Markets
In its effort to wrest more control over global oil markets away from foreign producers, Congress has been pushing a bill that would let the U.S. sue OPEC for oil Continue Reading
NYMEX August gas settles 3.6 cents lower, strong production outweighs power burn
NYMEX August natural gas futures fell 3.6 cents Monday to settle at $2.721/MMBtu as dry gas production outpaced the high power burn totals seen of late. Receive daily email alerts, Continue Reading
New bill for carbon tax would eliminate US gasoline tax
A Republican congressman Monday introduced a new carbon-tax proposal which would repeal the federal gasoline tax, causing a slight increase in gasoline prices, but having no forecast impact on crude Continue Reading
Volkswagen Group Canada forms Electrify Canada to install network of ultra-fast electric vehicle chargers
Volkswagen Group Canada has formed Electrify Canada, a new company that will build an ultra-fast electric vehicle (EV) direct current (DC) charging network across Canada. Volkswagen expects the network to Continue Reading
Halliburton Sees Moderate Permian Growth On Pipeline Worries
Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lower Continue Reading
Oil Majors Quizzed on Near-Term Permian Hiring Plans
Rigzone asks several oil and gas majors about their hiring plans in the Permian basin in the near future. Royal Dutch Shell plc expects to be in “growth mode” in Continue Reading
Fossil Fuel Industry Spent Nearly $2 billion to Kill U.S. Climate Action, New Study Finds
Legislation to address climate change has repeatedly died in Congress. But a major new study says the policy deaths were not from natural causes — they were caused by humans, Continue Reading
Should Oil Be Released From The SPR?
The Strategic Petroleum Reserve is many things to different people. To some, it’s an insurance policy. To others, a costly white elephant. Still others think of it as a shiny Continue Reading
Halliburton shares plunge on Permian growth worries
(Reuters) – Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin Continue Reading