Oil producers in the Permian Basin, dealing with a shortage of pipelines, are increasingly turning to trucks and rail to ship the flood of crude from the West Texas oil Continue Reading
About 20 years ago, an entrepreneur named George Mitchell proved that it was possible to get lots of oil and gas out of parts of the earth long thought to 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
Although the vast majority of American workers remain reliant on cars to get to work, the percentage has decreased. In 2007, 85% of Americans drove themselves to work and 6% Continue Reading
In the busy oil fields south of San Antonio, some big rig trucks sit empty. They could be hauling the thousands of loads of sand needed to frac a well. Continue Reading
Russia’s oil industry is awash with cash and will be able to withstand the planned 1 trillion rubles ($15 billion) in extra taxes over the next six years, Alexei Sazanov, Continue Reading
Russian oil output stood at 11.21 million barrels per day (bpd) in August, virtually unchanged from July and steady near a post-Soviet high as production curbs were eased, Energy Ministry Continue Reading
For a long time, it seemed that France, Europe’s leading nuclear power producer, will seek to decrease the share of nuclear in its energy matrix. The 2015 Energy Transition for Green Continue Reading
Singapore — Ship operators need to take a strategic approach as the International Maritime Organization’s global sulfur limit rule inches closer and full compliance to the rule still remains a Continue Reading
For the first time since 1993 , Denmark is on track to become a net oil importer this year, as oil production in the Danish part of the North Sea Continue Reading
Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent energy demand, although impending U.S. sanctions on Iran and falling Venezuelan output limited the Continue Reading
Baker Hughes reported a 4-rig increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs rose to 1,048 according to Continue Reading
Crude oil fell slightly in early trading on Friday, but are still set to close out another week of gains, the second week in a row. The string of gains Continue Reading
Oil analysts cut their price forecasts for 2018 for the first time in almost a year in August, given growing concern over the impact on crude demand from escalating trade Continue Reading
As Canada rushes to join NAFTA negotiations, and India and the United States prepare to discuss Iranian oil imports, oil prices were down slightly heading into the Labor Day weekend Continue Reading
OPEC’s oil production for the month of March was 220,000 barrels per day higher than July volumes, a Reuters survey showed on Friday. Oil prices bristled at the news, and Continue Reading
OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq’s southern exports hit a record, a Reuters survey found, although a cut in Continue Reading
Saudi Arabia will report to OPEC that its crude oil production in August averaged 10.424 million bpd, up from the July levels, S&P Global Platts reported on Friday, quoting an Continue Reading
Libya’s oil production has been holding at around 1 million bpd for the past couple of weeks, rising slightly this week thanks to increased production at two small oilfields in Continue Reading
The news, early this week, that President Muhammadu Buhari has refused to assent to the Petroleum Industry Governance Bill (PIGB) and has returned it to the Senate, struck me like Continue Reading
French oil giant Total SA recently notified Iran that it had left its project in the South Pars natural-gas field. Iran now expects crude exports to drop as buyers cut Continue Reading
Six mostly foreign companies have so far made bids to explore for oil in 21 areas in Colombia under a new system that seeks to boost investment and find new Continue Reading
Brazil’s state-run oil company Petrobras ( PETR4.SA ) and France’s Total ( TOTF.PA ) on Friday agreed to buy millions of barrels of oil cargo from the Brazilian government, its Continue Reading
Venezuela’s state-run PDVSA is organizing a contingency plan to address its latest oil-export problem following a minor accident last week at the country’s main crude terminal, two sources from the Continue Reading
The company posted what would usually be considered stellar half-year earnings late Thursday, with net income up 114% from a year earlier to 27 billion yuan ($4 billion), the highest Continue Reading
U.S. crude oil production rose 231,000 barrels per day, or 2 percent, to a record 10.674 million bpd in June, the U.S. Energy Information Administration said in a pair of Continue Reading
With one surprise court ruling, Canadian Prime Minister Justin Trudeau faces the risk of contesting next year’s election with key pieces of his economic and environmental plans in ruins. The Continue Reading
U.S. energy companies added oil rigs for the first time in three weeks, energy services firm Baker Hughes reported on Friday, while the rig count inched up this month as Continue Reading
U.S. gasoline prices, as well as demand, remain high for the Labor Day weekend, the U.S. Energy Information Administration reported on Friday. The U.S. average retail price for regular gasoline, Continue Reading
Oil production in Texas dropped in June 2018 compared to the same month last year, the first yearly drop since February 2017, figures by the Railroad Commission of Texas showed Continue Reading
The U.S. would be key to Ørsted’s efforts to grow its global footprint. The company has installed about 25% of the installed offshore-wind capacity in the world, according to Marcus Continue Reading
