Energy plan dashes Trump hopes for coal
Coal-fired power generation is likely to decline in the US over the next two decades, even after the Trump administration’s attempt to ease the regulatory burden on the industry, according Continue Reading
Cost of New E.P.A. Coal Rules: Up to 1,400 More Deaths a Year
The mortality numbers for the Trump administration plan are calculated using a modeling system reviewed by the National Academy of Sciences. Want climate news in your inbox? Sign up for Continue Reading
Colonial Pipeline Line 1 space flips to positive amid tight NYH supplies
The value of line space on Colonial Pipeline’s gasoline-only 1.37 million b/d Line 1 flipped to a positive position Thursday for the first time since August, which sources attributed to Continue Reading
Fracking Wastewater Spikes 1,440% in Half Decade, Adding to Dry Regions’ Water Woes
Between 2011 and 2016, fracked oil and gas wells in the U.S. pumped out record-breaking amounts of wastewater, which is laced with toxic and radioactive materials, a new Duke University Continue Reading
The Next Big Bet in Fracking: Water
Some investors see fortunes to be made in the U.S.’s hottest oil field—by speculating in water, not crude. Fledgling companies, many backed by private equity, are rushing to help shale Continue Reading
Betting Utah Sands Will Be the Next Great Oil Source
Utah is a yawn amid the drilling frenzy that has upended the energy picture in recent years. It accounts for just one of every 100 barrels of oil produced nationwide. Continue Reading
Spending Boost Fails To Raise Production In The Permian
In the second quarter, shale companies signaled their intention to lift capex. Part of the reason is that costs are on the rise, so some drillers have to spend more Continue Reading
US households are holding on to their vehicles longer
The turnover of household vehicles has slowed since 2009, based on US Department of Transportation surveys of household vehicle travel, the US Energy Information Administration (EIA) reported . The 2017 Continue Reading
IHS Markit: Alaska North Slope a super basin ready for resurgence; production to grow 40% in 8 years
The Alaska North Slope (ANS) Basin—a prolific source of US oil production previously limited by a number of barriers to entry including cost and access—is poised to re-emerge as a Continue Reading
Early SPR Release Could ‘At Least Optically’ Help Trump Achieve Goal
The U.S. sale of 11 million barrels of oil from its emergency stockpile will likely do little to offset the impact of sanctions on Iran. That timing of the sale Continue Reading
Arctic’s strongest sea ice breaks up for the first time on record
Sea Ice Arctic sea ice works as the planet’s air conditioner in that it keeps the polar regions cold and helps keep the global climate stable, according to the NSIDC Continue Reading
Texas Exports More Oil Than It Imports For First Time Ever
The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Continue Reading
The Next Major Challenge For Norway’s Oil Industry
The next challenge for Norway’s oil industry may not come from another oil price crash. It could come from a political uncertainty over which new areas Western Europe’s biggest oil Continue Reading
Oil steady as demand outlook counters boost from Iran sanctions
Oil held steady on Tuesday, as the prospect of price support from U.S. sanctions on Iran was offset by concern about the outlook for demand, particularly in light of the Continue Reading
Crude futures settle higher on global supply concerns
October ICE Brent settled 38 cents higher at $72.21/b Monday, while September NYMEX crude settled 53 cents higher at $66.44/b as market participants focused on the impact of renewed US Continue Reading
Bullish oil bets fall to 11-month low
Hedge funds have cut their bullish position in crude oil and refined fuels to the lowest level for almost a year, as fund managers continued to close out former long Continue Reading
Oil prices stuck between supply fears, slow demand
The price of crude oil was stable ahead of the start of U.S. trading on Monday as supply-side fears balanced concerns about growth in the global economy. Iran announced Monday Continue Reading
What Caused Oil’s Longest Losing Streak In Years?
Oil prices seemed to have leveled off after seven consecutive weeks of weekly declines, the longest streak in years. But the next steps are unclear. In the battle over the Continue Reading
China defies U.S. pressure as EU parts ways with Iranian oil
China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while European companies such as France’s Total Continue Reading
Minister: French supermajor Total formally leaves Iran
Iran’s oil minister said Monday the process for finding a new company to invest in its South Pars gas field was under way now that French supermajor Total left. Iranian Continue Reading
As U.S. Sanctions Loom, Total SA Struggles to Exit Project in Iran
Total SA TOT 0.98% is having difficulty unloading its stake in a $5 billion natural-gas project in Iran to a Chinese partner, after stopping work on the project earlier this Continue Reading
The Never-Ending Battle For Libya’s Oil Crescent
The recent turmoil in Libya’s Oil Crescent – a region which stretches along the coast from Sirte to Ras Lanuf, and which extends down to the Jufra district – has Continue Reading
Nigerian oil pipeline shut because of spill
An export pipeline in the Niger Delta remained closed after a subsidiary of Royal Dutch Shell said it was responding to a release of crude oil. The subsidiary, Shell Petroleum Continue Reading
ConocoPhillips, Venezuela’s PDVSA reach $2 billion settlement
U.S. producer ConocoPhillips ( COP.N ) and Venezuela’s PDVSA have reached a payment agreement on a $2-billion arbitration award, the companies said, suspending a dispute that blocked the state-run firm Continue Reading
PDVSA Settles With ConocoPhillips In Desperate Bid to Stop Decline
PDVSA settled with ConocoPhillips on Monday over an outstanding debt issue, a move that the Venezuelan oil company surely hopes will give it some breathing room even as the nation Continue Reading
Mexico Production and Reserves, 1H2018
Mexico C&C Production Mexico oil production is in decline though, at the moment, not as steep as it was expected to be (at least by me – IEA predictions are Continue Reading
Australia Wilts From Climate Change. Why Can’t Its Politicians Act?
Mile after mile of the Great Barrier Reef is dying amid rising ocean temperatures. Hundreds of bush fires are blazing across Australia’s center, in winter, partly because of a record-breaking Continue Reading
Trump Administration Embraces Energy Dominance Agenda
The United States no longer needs to conserve oil as domestic production increases have reduced the need for imports. As a result, the United States has been given “more flexibility Continue Reading
New Gulf Of Mexico Leases Raise Concerns
The Trump administration on Wednesday held a new auction for offshore drilling in the Gulf of Mexico (GOM), yielding some $178 million in winning bids, a slight improvement from its Continue Reading
Virginia governor advised to freeze permits for Atlantic Coast, Mountain Valley gas pipelines
An advisory council to Virginia Governor Ralph Northam recommended the Democratic governor to rescind Clean Water Act certifications and not issue any more permits for the up to $6.5 billion Continue Reading
US Offers 11 Million Barrels Of Oil For Sale From Strategic Reserve
The U.S. Department of Energy (DOE) is offering 11 million barrels of oil for sale from the nation’s Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected Continue Reading
The U.S. Just Suffered the Hottest May-June-July on Record
If you found yourself thinking it was scorching hot in recent weeks, well, you were right. For the three-month period of May to July, the entire contiguous United States (CONUS) Continue Reading
Energy conservation? Trump administration says it isn’t needed
Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for Continue Reading
AAA: US Motorists Buying Less Gasoline, Paying Less for It
With some exceptions, motorists throughout the United States are gradually paying less for regular unleaded gasoline, the AAA reports. With some exceptions, motorists throughout the United States are gradually paying Continue Reading
City of London weighs limited ban on non-electric vehicles
The City of London is considering banning non-electric vehicles from a special “low-emission” street, in a pilot programme that underscores the severity of the air pollution crisis plaguing the financial Continue Reading
Jülich researchers developing fast-charging solid-state batteries
Low current is considered one of the biggest hurdles in the development of solid-state batteries; it is the reason why the batteries take a relatively long time to charge fully—some Continue Reading
Brent oil stabilizes near $72 as economic concerns weigh
Brent oil stabilized near $72 per barrel on Monday after several weeks of decline, weighed down by concerns over slowing global economic growth but supported by an expected fall in Continue Reading
Oil Price Rise to Drive Up Drilling Globally
The rise in oil prices is feeding through into higher spending in the oil and gas sector and will continue to drive up drilling activity globally over the second half Continue Reading
Iran says France’s Total has officially left South Pars deal: TV
Iran’s oil minister said on Monday that France’s Total has officially left Iran after the United States threatened to impose sanctions on companies that do business in the country, Iranian Continue Reading
Iran says no OPEC member can take over its share of oil exports
Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more Continue Reading
Iran Sanctions Could Backfire On U.S. Drillers
The United States is upping the ante in its effort to sanction Iran, and its efforts may further complicate its ongoing trade war with China and affect the flow of Continue Reading
Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions – sources
Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing Continue Reading
Iraq’s Basra Oil, Chevron agree to implement MOU to develop oil fields: Iraqi oil ministry
Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said on Continue Reading
Egypt Aims For Natural Gas Dominance In The Mediterranean
The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining Continue Reading
Nigeria Wasted $1 Trillion Earned in Oil Booms, Says Report
But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil Continue Reading
Shell shuts Trans Ramos pipeline feeding into Nigeria’s Forcados oil terminal
London — Oil major Shell shut-in the Trans Ramos pipeline which feeds into Nigeria’s Forcados oil export terminal, to clean up crude oil spilled from a ruptured section, it said Continue Reading
India’s surging coal imports driven by captive power users: Russell
India’s coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn’t scaled back purchases given a surge in prices Continue Reading
Venezuela’s Key Refineries At Risk Of Seizure
In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil and ConocoPhillips, I suggested a potential remedy. Since Venezuela’s state-owned oil company, PDVSA (Petróleos Continue Reading
Ecuador tightens entry rules for Venezuelan migrants
Venezuelan migrants stuck at Ecuador border Ecuador has brought in new rules to stop Venezuelan migrants entering the country without a passport, leaving many stranded in neighbouring Colombia. Thousands of Continue Reading
Venezuelan Crisis Escalates as President’s Economic Plans Fuel Tensions
The exodus of Venezuelans gained pace as the government’s plans to address the collapsing economy fueled anxiety, while tensions grew in neighboring countries that have strained to absorb refugees. Over Continue Reading