The Nigerian Navy has deployed 16 newly bought ships to the Niger Delta to guard critical oil infrastructure, local media report , quoting the Chief of the Nigerian Naval Staff. Continue Reading
Hard hit by a currency crunch amid skyrocketing hyperinflation, Venezuela will raise the price of the gasoline in the coming months, President Nicolas Maduro has said, unveiling a new payment Continue Reading
Frustrated Venezuelan drivers faced lengthy lines for gasoline in border states on Tuesday as the government struggled to roll out a new payment system that President Nicolas Maduro says will Continue Reading
China’s demand for natural gas is set for another winter boom, but this time around the world’s biggest energy user will be better prepared to deal with risks of shortages, Continue Reading
A wave of contaminated fuel that has clogged and damaged engines on hundreds of oil tankers and container vessels in the past months has pushed shippers to demand stricter quality Continue Reading
Pipeline capacity constraints in the Permian are affecting not only surging oil production. There’s a shortage of natural gas pipelines as well, and operators across West Texas and New Mexico Continue Reading
The death of U.S. Energy Independence will occur when the collapse of shale oil production begins. And when U.S. shale oil production finally peaks and declines, it could fall much Continue Reading
The chief executive of the largest oilfield service provider, Schlumberger, warned on Tuesday that bottlenecks in the largest U.S. shale basin would slow oil production growth and investments in the Continue Reading
As the crude powerhouse that is Texas’ Permian Basin becomes old news, oil explorers are looking for the next big thing–and they have found it in the more-than 4000 feet Continue Reading
After nearly two decades of horizontal drilling, fracking – as it is commonly known, has “turned the energy world upside down,” according to Journalist Bethany McLean, a former Goldman Sachs Continue Reading
Here’s a concept: paper water. Paper water is water the government grants certain farmers who are drawing water from a river or a watershed in, say, California. The phrase describes Continue Reading
While it’s taken them two years to join the race, German automakers are poised and ready to take on Tesla during a particularly vulnerable time for the electric carmaker. Mercedes-Benz Continue Reading
Summary Fear of low prices, electric vehicles and financial discipline are reducing investment in conventional oil projects. Less risky, “short-cycle” projects are gaining favor. Insufficient future supply could lead to Continue Reading
A relatively new development in global oil markets has unfolded in recent months, one that has replaced another new development that also has the ability to also roil oil markets. Continue Reading
Last week, Argentina’s peso fell by around 20 percent in just a few days, taking year-to-date losses over 50 percent. The central bank frantically hiked interest rates from 45 to Continue Reading
Iran may resort to various ways of reducing the impact of the U.S. sanctions on its oil exports, and those tactics include secret oil shipments without trackers on tankers, bartered Continue Reading
Japanese refiner Cosmo Oil said Tuesday it does not plan to load any crude oil from Iran in October, while it is still monitoring the progress of bilateral talks between Continue Reading
Iran officially inaugurated Tuesday two petrochemical projects — the Marjan petrochemical plant, with the capacity to make 1.65 million mt/year of methanol, and the third phase of the Pardis petrochemical Continue Reading
Saudi Arabia could earn US$161 billion (605 billion riyals) this year from crude oil sales, versus a budgeted US$131 billion (492 billion riyals), local financial services provider Al Rajhi Capital Continue Reading
Terminals in the Basra Gulf and Kurdistan-controlled Ceyhan in August combined for a record average of 4.028 million barrels per day (bpd) of oil exports, representing a 4 percent increase Continue Reading
Saudi Aramco has awarded Baker Hughes an integrated services contract for its Marjan oilfield, the Saudi state oil giant said in statement on Tuesday. The oilfield is one of the Continue Reading
A mortar shell landed in this market in Tripoli, Libya, last week. A parallel battle was heating up on Facebook. CAIRO — When a new bout of fighting between rival Continue Reading
A six-week-long blockade of ExxonMobil’s offices and oil facilities in Nigeria by former workers protesting their dismissals now threatens the normal production and exports of Nigeria’s flagship Qua Iboe crude Continue Reading
Earlier in the week, details emerged that President Muhammadu Buhari had withheld assent to the harmonised Petroleum Industry Governance Bill (PIGB). Ita Enang, the presidential aide on National Assembly Matters, Continue Reading
New Delhi — Indian state-run utility Maharashtra State Power Generation Company Limited, better known as Mahagenco, is seeking 2 million mt of imported steam coal of any foreign origin on Continue Reading
Venezuela will hike the price of its heavily subsidized gasoline by October, President Nicolas Maduro said on Monday, as the crisis-stricken government seeks to shore up its coffers amid hyperinflation Continue Reading
Earlier this year, Venezuelan President Nicolas Maduro rolled out his latest scheme to rescue his economy, offer an alternative to the increasingly worthless bolivar, and skirt U.S. sanctions on financial Continue Reading
A steel factory in Wu’an, China. Many countries can report lower carbon emissions because they are increasing imports of materials like steel or cement. Over the past decade, both the Continue Reading
PetroChina—the country’s largest oil and gas producer—is betting big on boosting natural gas production in line with the Chinese policy to increase its gas production and industrial and residential gas Continue Reading
President Xi Jinping’s “Belt and Road” trade infrastructure project could be hitting significant bottlenecks as some countries begin to sound alarms regarding the massive debt loads their governments are incurring. Continue Reading
In China, people breathe ozone-laden air two to six times more often than people in the United States, Europe, Japan, or South Korea, according to a new international study published Continue Reading
Sand is a key ingredient for shale drillers, who use a mixture of sand, water and chemicals to fracture rock formations deep underground and release the oil and gas trapped Continue Reading
There has been some eleventh-hour drama over the renegotiation of NAFTA, but the energy industry is likely going to dodge a bullet on that front, with the most contentious issues Continue Reading
US independent Anadarko on Monday shut production at two Gulf of Mexico platforms, Horn Mountain and Marlin, in preparation for Tropical Storm Gordon, which is expected to strengthen and become Continue Reading
Tropical Storm Gordon on Tuesday barreled toward central U.S. Gulf Coast, where it was expected to become a hurricane and bring high winds and heavy rain to the region, the Continue Reading
Russia’s oil production in August was virtually flat compared to July as Moscow kept output at near post-Soviet record, after having reversed most of its production cuts under the OPEC+ Continue Reading
A new study, led by academics at St John’s College, University of Cambridge, has used semi-artificial photosynthesis to explore new ways to produce and store solar energy. They used natural Continue Reading
Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC Continue Reading
In the first installment of this article we discussed the continued relevance of the four historic legs of an overall energy thesis for the price movement of oil. In that Continue Reading
I was watching an episode of the science-fiction noir thriller “The Expanse” recently. Set hundreds of years in the future, the United Nations has now become the world government and Continue Reading
The world is ticking down to a deadline that promises to have major ramifications in the global fuel markets. On January 1, 2020, the International Maritime Organization (IMO) will require Continue Reading
As Iran is turning to the UN’s International Court of Justice to have the US-imposed sanctions against its oil suspended, the EU is preparing for the hit its economies will Continue Reading
Iraq’s oil exports for August hit their highest monthly figure this year, the oil ministry said Saturday, with nearly 112 million barrels of crude bringing $7.7 billion to the war-torn Continue Reading
Civilians in Libya’s capital have been caught up in the deadly clashes between rival militias Some 400 prisoners have escaped from a facility near the Libyan capital Tripoli amid deadly Continue Reading
Terminals in the Basra Gulf and Kurdistan-controlled Ceyhan in August combined for a record average of 4.028 million barrels per day (bpd) of oil exports, representing a 4 percent increase Continue Reading
OPEC’s second-largest producer, Iraq, boosted its southern crude oil exports to a new record high of 3.583 million b/d in August, according to the latest oil ministry data. Receive daily Continue Reading
A senior Saudi official has appeared to confirm Riyadh’s plans to dig a canal separating Qatar from the mainland, turning it into an island. Qatar has been diplomatically isolated from Continue Reading
Against the backdrop of recent threats by militant groups to resume disruption of oil production in the Niger Delta, James Emejo and Chineme Okafor write that the Nigerian economy could Continue Reading
The Karachi Port Trust (KPT) on Friday hit back at the Petroleum Division and the oil industry, saying they were not giving the full picture and hiding their own shortcomings Continue Reading
China is looking to boost its energy storage market and projects as it adds growing renewable power capacities. At the end of last year, the Chinese authorities issued a unified Continue Reading
