Constant pipeline breakages, uncertainties in security of assets amongst other issues in the Niger Delta oil fields have increased oil and gas companies’ average shut down days from 45 to Continue Reading
Citgo Petroleum, the U.S. refining unit of troubled Venezuelan state oil firm PDVSA, said that the United States had revoked the U.S. visa of Citgo’s chief executive Asdrubal Chavez, in Continue Reading
Russia and China on Thursday delayed a U.S. push for a U.N. Security Council committee to order a halt to refined petroleum exports to North Korea, asking for more detail Continue Reading
Energy independents and Middle Eastern and Asian companies are expanding their presence in the Southeast Asian oil and gas industry, replacing Big Oil majors that have been shrinking their exposure Continue Reading
After the recent visits of North Korean leader Kim Jong-un to China, Beijing has almost doubled the volume of crude oil pipeline shipments to North Korea, South Korea’s newspaper Chosun Continue Reading
Singapore — There has been a sharp increase in the number of vessels laden with coal lying idle off China’s coastline following the introduction of import restrictions in April on Continue Reading
Sydney — China’s state-owned PetroChina International has signed a three-year agreement for the purchase of 0.45 million mt/year of LNG from the ExxonMobil-operated Papua New Guinea LNG project, expected to Continue Reading
NEW YORK (Reuters) – U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually Continue Reading
Homes and businesses in Texas used record amounts of power on Wednesday and are expected to use even more in the coming days as consumers crank up their air conditioners Continue Reading
Steel tariffs are creating headwinds for the U.S. energy sector, impeding with the government’s own objectives and stifling production, industry leaders said. “The Trump Administration has supported the development of Continue Reading
A group of Democratic senators said eroding federal rules on offshore oil and gas safety means the government is ignoring lessons from Deepwater Horizon. The U.S. Interior Department’s Bureau of Continue Reading
The signs don’t look favorable for carbon dioxide emissions controls in the U.S. The Trump administra-tion along with much of the Republican party clearly do not believe in climate change Continue Reading
**Sees production decreasing **CP Rail moved 134,000 b/d in Q2 Receive daily email alerts, subscriber notes & personalize your experience. Register Now A shortage of pipeline takeaway capacity from the Continue Reading
Providing financial support to uneconomic US coal and nuclear power plants, as the Trump administration has ordered, could cost $16.7 billion annually, according to a study commissioned by a group Continue Reading
US crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation’s history. July 18 (Reuters) – U.S. crude oil production last Continue Reading
A U.S. judge on Thursday dismissed a lawsuit by New York City seeking to hold major oil companies liable for climate change caused by carbon emissions from burning fossil fuels. Continue Reading
The Permian basin has run up against a bottleneck for pipeline capacity. Gushing oil from West Texas will surpass the available space on the region’s pipelines this year, which could Continue Reading
The rise in oil prices has resulted in relentless drilling and booming production in the U.S. shale plays, and the Permian in West Texas is attracting the most drillers, analysts, Continue Reading
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 significantly from Continue Reading
Russia used stocks held in tanks at its oilfields to help boost crude production in June, three industry sources told Reuters, in a sign of supply flexibility as OPEC kingpin Continue Reading
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
A former Director of the Department of Petroleum Resources (DPR) and Lead Consultant to the National Assembly on the Petroleum Industry Bill (PIB), Mr. Osten Olorunsola has disclosed that oil Continue Reading
Within the next few decades, Big Meat and Big Dairy could surpass Big Oil as the world’s biggest climate polluters, a new study by non-profit GRAIN and the Institute for Continue Reading
An automotive consultant who has been critical of the fit and finish of Tesla’s Model 3 is now praising the EV maker’s sedan as a “symphony of engineering” and the Continue Reading
Intercontinental Exchange Inc. (ICE) announced plans to launch an oil futures with physical delivery in Houston, and the contract could launch as soon as this quarter, subject to regulatory review. Continue Reading
Source: U.S. Energy Information Administration, based on Natural Gas Intelligence The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and Continue Reading
The ‘mega-frac’ is turning the typically annoying sand of West Texas into the new gold, and the oil and gas land rush on the Permian Basin has now extended into Continue Reading
Who would have thought wind’s transformation from subsidy-supported to self-financing power source would happen so quickly – not this publication, that’s for sure. Apart from diehard environmentalists, most consumers have Continue Reading
Summary of Weekly Petroleum Data for the week ending July 13, 2018 U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending July 13, 2018, Continue Reading
The U.S. Energy Department says it is spending $1.2 million a day on a partially built South Carolina nuclear facility that it wants to abandon due to soaring costs. Congress Continue Reading
To capitalize on the growing U.S. exports to Asia and Europe, Houston-based Enterprise Products Partners plans to develop an offshore crude oil export terminal off the Texas Gulf Coast that Continue Reading
Sales of electric vehicles (EVs) and plug-in hybrids in Europe’s top car markets rose by just 33 percent in the first half this year, compared to a 54-percent surge in Continue Reading
An unusually hot, dry second quarter saw Statkraft’s hydro-based power production fall 22% to 11.5 TWh for the period, the state utility said Thursday. Receive daily email alerts, subscriber notes Continue Reading
Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically Continue Reading
Oil prices fell on Wednesday after news of a rise in U.S. crude inventories last week, defying analysts’ expectations for a big fall, while concerns about weak demand also resurfaced. Continue Reading
The American Petroleum Institute (API) reported a surprise crude oil build of 629,000 barrels of United States crude oil inventories for the week ending July 14 compared to analyst expectations Continue Reading
Goldman Sachs—which has been bullish on oil for most of this year— continues to expect that Brent Crude prices could retest the $80 a barrel threshold this year, but probably Continue Reading
Rig company Transocean said Tuesday it landed a multi-well contract for Chevron off the coast of Australia, adding support from the previous trading day. Transocean announced it leased its ultra-deepwater Continue Reading
China is the largest destination for energy sector investments, but there are concerning trends of a global slowdown, the International Energy Agency said. The IEA in its world energy investment Continue Reading
Gas flaring from oil and gas operations, a source of greenhouse gas emissions, is on the decline, but reaching a goalpost remains elusive, the World Bank said. The United Nations Continue Reading
OPEC will continue to play a key role in oil supply and prices in the global oil market through 2040, despite the relentless oil production in the Permian and expectations Continue Reading
