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
Trump warns Iran to ‘never, ever threaten’ U.S. or suffer consequences
(Reuters) – U.S. President Donald Trump warned Iranian President Hassan Rouhani on Sunday not to threaten the United States or face the consequences, hours after Rouhani told Trump that hostile Continue Reading
Donald Trump threatens Iran with severe ‘consequences’
President Donald Trump has threatened Iran with severe “consequences” if the country makes any more threats towards America, in some of the harshest rhetoric he has aimed at Tehran since Continue Reading
India And China Could Mitigate Damage For Iran
How much oil from Iran will be disrupted because of U.S. sanctions? American officials have gone back and forth on this, but many of the people who decide how much Continue Reading
Saudi Arabia to Spend Billions to Revive Foreign Investment
RIYADH—Saudi Arabia is ramping up efforts to lure international companies and revive Crown Prince Mohammed bin Salman’s plans for an economic makeover, after foreign investment fell to a 14-year-low in Continue Reading
Saudis To Invest $10B In South Africa’s Energy Sector
The funds will be used to build refineries for one and will also be used to advance petrochemicals and renewable energy projects in the developing economy of South Africa. The Continue Reading
Thermal coal shipments at key Indian ports rise 19% on year in Apr-Jun
India’s 12 key state-run ports handled 28.29 million mt of thermal coal imports during April-June, up 19% year on year, latest data from Indian Ports Association released Saturday showed. Coking Continue Reading
China says threats, intimidation on trade will never work
Threats and intimidation on trade will never work on China, its foreign ministry said on Monday after U.S. President Donald Trump said he was ready to impose tariffs on all Continue Reading
China data: Commercial crude stocks unlikely see further build in H2
China is unlikely to build its commercial stocks of crude oil in the second half of 2018 as refiners prefer to keep their inventory low for daily operation amid price Continue Reading
Energy giants opening natural gas spigots, fueling profit rise
The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate Continue Reading
GTI plans second Permian Basin field test site to maximize hydraulic fracturing efficiency and increase production
GTI (Gas Technology Institue) is leading a high-profile program on Hydraulic Fracturing Test Sites (HFTS) in the Permian Basin, bringing together government and industry to improve recovery, continue enhancing environmentally Continue Reading
Fukushima’s nuclear signature found in California wine
The Japanese nuclear disaster bathed north America in a radioactive cloud. Now pharmacologists have found the telltale signature in California wine made at the time. Throughout the 1950s, the US, Continue Reading
UK Offshore Production: Summary for First Quarter 2018
UK C&C It was expected by many, me included but more importantly UKOGA and a couple of the bigger oil and gas consultancies, that UK offshore oil production would increase Continue Reading
Oil Regains Footing After Saudis Pause Production Surge
Oil prices held steady on Thursday and in early trading on Friday after a top Saudi official said that oil production would remain flat in July compared to June and Continue Reading
Oil strengthens as dollar slips to four-day low
Oil prices rose on Friday as a weakening dollar and lower expected August crude exports from Saudi Arabia supported the market, offsetting concerns about U.S.-China trade tensions and supply increases. Continue Reading
Iran works to revitalize shared oil field
Iranian contractors are working to offset production declines with new pumping technology at an oil field straddling the border with Iraq, state media reported. The official Islamic Republic News Agency Continue Reading
Saudi Aramco’s Sabic approach casts doubt on IPO timing
Saudi Aramco’s potential acquisition of a stake in petrochemicals company Sabic will affect the timing of an initial public offering, its chief executive said, throwing further doubt on the kingdom’s Continue Reading
Venezuelan Ambassador: Saudis Don’t Have Enough Spare Capacity
Despite its supposed promise to the United States to ramp up its oil production in the face of a tightening oil market, Saudi Arabia does not have the capability to Continue Reading
Saudi Arabia keeps status quo on oil exports, but supply risks still abound
The pressure on Saudi Arabia to pump more crude has lessened over the past few weeks. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The kingdom Continue Reading
Shell May Finally Get Rid Of Disputed Nigerian Licenses
Royal Dutch Shell has reportedly started talks for the potential $2-billion sale of two disputed Nigerian oil licenses and their infrastructure assets, according to Bloomberg, after four years of failed Continue Reading
Full-scale trade war looms closer
The prospect of a full-blown trade war grew on Friday after Angela Merkel warned of the economic damage of US tariffs even as Donald Trump said he was ready to Continue Reading
China probing emerging UAE reserves
The state oil company in Abu Dhabi said it signed contracts with a Chinese counterpart to carry out the world’s largest surveys for new hydrocarbon reserves. The Abu Dhabi National Continue Reading
U.S. drillers cut rigs by most since March this week: Baker Hughes
U.S. energy companies this week cut oil rigs by the most in a week since March as the rate of growth has slowed over the past month or so with Continue Reading
Spend more, oilfield services company Schlumberger pleads
The head of oilfield services company Schlumberger said Friday major investments in exploration and production are needed to counter supply-side pressures. “Despite OPEC’s recent decision to increase production, the global Continue Reading
Baker Hughes sees bright skies ahead
Landing work in some of the largest international oil and gas projects, Baker Hughes said Friday it was expecting growth on a global scale. Baker Hughes, operating for now under Continue Reading
Rig Count Drops As U.S. Crude Output Hit 11 Million Bpd
Baker Hughes reported a decreased number of active oil and gas rigs in the United States on Friday. Oil and gas rigs decreased by 8 rigs , according to the Continue Reading
Goldman Predicts Major Solar Market Contraction
Sweltering temperatures and a ton of sun aren’t enough to make this a good year for solar, with Goldman Sachs chiming in—again—with a dismal prediction: Global solar installations will decline Continue Reading
Baker Hughes: US Drillers Cut Rigs By Most Since March This Week
U.S. energy companies this week cut oil rigs by the most in a week since March as the rate of growth has slowed over the past month or so with Continue Reading
U.S. oil industry lobbies against tighter sanctions on Russia
WASHINGTON (Reuters) – The U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said on Friday. The U.S. Senate Continue Reading
U.S. crude oil floods into Italy as Libyan supplies falter
Italy’s imports of U.S. crude oil vaulted to a record in June after attacks by armed groups shuttered two major Libyan oil ports and cut off most deliveries from the Continue Reading
Norway Oil Strike Ends Just As Another Is Set to Begin
Britain’s largest workers union, Unite the Union, threatened strike action on Equinor’s Mariner oil platform, the union said on Friday, and yet another strike on Total’s North Sea fields is Continue Reading
Oil prices rise, but still set for weekly drop on oversupply, trade worries
Crude prices rose on Friday but were still set for a weekly drop on concerns about oversupply and the ongoing trade conflict between the United States and China, the world’s Continue Reading
Oil Prices Rebound As Saudis Expect Reduced Exports In August
Saudi Arabia is expecting a reduction in crude oil exports next month, despite earlier signs that Saudi Arabia—and Russia—have started to raise production even before the June 22 meeting with Continue Reading
U.S. Oil Prices Rise as Saudis Dismiss Supply Concerns
U.S. oil prices rose Thursday after top exporter Saudi Arabia denied having any plans to inundate the market with crude oil to push prices lower, and said instead that its Continue Reading
Saudi oil exports to drop by about 100,000 barrels per day in August: OPEC governor
Saudi Arabia expects its crude exports to drop by roughly 100,000 barrels per day in August as the world’s top oil exporter works to ensure it does not push oil Continue Reading
Electric Car Numbers, and Projections to 2030
In just two years, 2013 to 2015, the number of electric cars worldwide more than doubled. And in the following two years, 2015 to 2017, the number more than doubled Continue Reading
Global Population Growth Ceased In 1988…Population Has Only Grown Older Since Then
The world stopped growing about 1988… and has only grown older since. Global births, per five year periods, according to the UN. Births and UN medium and low variant estimates Continue Reading
Iran Files Complaint Against U.S. For “Unlawful” Sanctions
On Monday, Iranian Foreign Minister Mohammad Javad Zarif said on Twitter that Iran had filed a complaint against the U.S. with the International Court of Justice (ICJ) to “hold [the] Continue Reading
Production Restarting In Libya After Fields Come Back Online
Kayrros estimates that more production capacity started to come online at the Elephant oil field and the Sirte basin fields on July 13, reducing total shut-in production in Libya to Continue Reading
Houthis Say They Targeted Aramco Refinery In Riyadh With Drone
The Iran-aligned Houthi rebels in Yemen say that they targeted Saudi Aramco’s refinery in the Saudi capital Riyadh with a long-range drone on Wednesday, Houthi-run media outlet Almasirah reported . Continue Reading
U.S.-Backed Forces, ISIS Clash Over Oil-Rich Areas In Syria
Clashes between Islamic State militants and U.S.-backed Syrian Democratic Forces (SDF) continue in eastern Syria, where the Islamist terrorists try to keep control over an oil-rich area between the provinces Continue Reading