Mexican state oil company Pemex crude oil production fell to 1.83 million barrels per day in the third quarter ended September, compared with 1.87 million barrels per day in the Continue Reading
Brazil’s oil and natural gas industry will likely continue to see reforms aimed at luring investments and boosting production, especially in the highly productive subsalt frontier, after the country elected Continue Reading
President-elect Andres Manuel Lopez Obrador’s decision to cancel the construction of the $13-billion New International Mexico City Airport (NAICM) sets a concerning precedent for energy investments in the country, multiples Continue Reading
China’s newly added solar power capacity fell nearly 20 percent year on year for the January to September period, official data showed on Tuesday, hit by government efforts to reduce Continue Reading
South Korea exported 550,000 automobiles from July to September, down 13.6% year on year due to weak overseas demand, the Korea Customs Service said Tuesday. Receive daily email alerts, subscriber Continue Reading
Introduction One way of developing deeper insight into the rapid growth in U.S. oil and natural gas production over the past few years, driven by technological innovation in drilling and Continue Reading
Crude oil production from onshore federal lands reached a record high over the first seven months of this year, New York Times’ Eric Lipton said in a tweet responding to Continue Reading
US stripper wells, which produce an average of less than 15 b/d, account for more than 80% of all US oil wells, roughly the same percentage from nearly two decades Continue Reading
The Port of Corpus Christi and global alternative asset manager Carlyle Group agreed to develop the first onshore VLCC loading terminal at Harbor Island by the end of 2020, the Continue Reading
‘Consumers are speaking loud and clear,’ says API exec. President Trump recently instructed the U.S. Environmental Protection Agency (EPA) to take steps that would allow gasoline blends containing up to Continue Reading
FERC has issued a key document for Texas LNG’s proposed LNG export facility in the Port of Brownsville to proceed. The U.S. Federal Energy Regulatory Commission (FERC) has issued the Continue Reading
I’m tempted to say the following to the writers of two recent pieces ( here and here ) outlining the continuing negative free cash flow of companies fracking for oil Continue Reading
Quite suddenly, in the wake of the recent IPCC report, it’s become commonplace to talk about a global climate emergency. Al Gore told PBS on 12 October: “We have a Continue Reading
The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production Continue Reading
It is correct that like any other serious policy that reduces greenhouse-gas emissions, a carbon tax would raise energy costs and, by itself, have only minimal effect on global emissions. Continue Reading
The battery world is a fascinating place to be right now. There is so much innovation going on as the world sets course towards a battery-powered future. The difficulty for Continue Reading
“The sense of security more frequently springs from habit than from conviction, and for this reason it often subsists after such a change in the conditions as might have been Continue Reading
Russia is set to suffer the biggest revenue losses from rules mandating cleaner marine fuels from 2020, because the world’s top exporter of the sulfurous residual oil that powers ships Continue Reading
BP’s third-quarter profits rose to a five-year high, boosted by higher oil prices as the $10.5 billion acquisition of BHP Billiton’s U.S. shale business was set to complete this week. Continue Reading
Chinese oil majors CNPC and CNOOC have expressed interest in bidding for onshore oil and gas blocks in Greenland, the island’s deputy energy minister said on Tuesday. “They were very Continue Reading
Exxon Mobil Corp. , Chevron Corp. and Royal Dutch Shell PLC are all due to report their results later this week. Years of cost-cutting caused by the slump in oil Continue Reading
Norway’s Equinor said on Monday that it had found additional volumes of oil in the Johan Castberg license in the Arctic Barents Sea, and will consider tying-in the new discovery Continue Reading
For the second time in two weeks since Cuadrilla started fracking at an exploration site in northwest England—resuming hydraulic fracturing in the UK for the first time in seven years—the Continue Reading
Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially Continue Reading
Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the Continue Reading
U.S. West Texas Intermediate Crude Oil futures are set to finish lower for the third straight week. What began as a simple pullback in a prolonged uptrend is rapidly becoming Continue Reading
Is the oil market tightening too much or is a glut on the verge of making a comeback? There were a series of mixed messages from both OPEC and the Continue Reading
The new ship fuel regulations coming into force at the start of 2020 are set to create an initial confusion on the refining market and crude oil and oil product Continue Reading
Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to Continue Reading
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them Continue Reading
Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to Continue Reading
Those measures aim to punish Iran for what the U.S. sees as unacceptable behavior in Syria, Lebanon, Yemen and elsewhere. They follow the Trump administration’s decision this year to withdraw Continue Reading
Libya is one of the most unreliable oil producers in OPEC and outside it. Production outages are a frequent occurrence as various armed groups vie for power over the country’s Continue Reading
A small group of Libyan tribesmen staged a protest at the southern El Sharara oilfield last week, threatening to close down production unless their living conditions improved, a videotape showed Continue Reading
The head of the Japanese steel industry group said on Monday that he is worried about signs of a slowing Chinese economy. “The U.S.-China trade spat still has limited impact Continue Reading
Do oil companies tell shareholders the unvarnished truth about the risks posed by climate change to their business models? Climate campaigners have long argued that they don’t, claiming that wicked Continue Reading
The parade of trailer trucks rolling through Jay Butler’s dusty ranch is a precursor to a new fracking boom on the vast federal lands of Wyoming and across the West. Reversing Continue Reading
Natural gas production hit another high in the United States at approximately 87 billion cubic feet per day (Bcf/d) over the last weekend. The rise in production contributed to a Continue Reading
For the past 20 years the orthodox response to the threat of climate change has been focused on the search for a global agreement to reduce emissions. Such an approach Continue Reading
To achieve goals for climate and economic growth, “negative emissions technologies” (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating Continue Reading
Russian Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil Continue Reading
The UK’s Energy Minister Claire Perry had a private meeting with oil and gas firms in May, months before fracking resumed in the UK earlier this month for the first Continue Reading
Vattenfall is considering converting its German coal-fired power stations to use fuels including gas or biomass as utility companies in the country brace for a government deadline for phasing out Continue Reading
Trains powered by hydrogen could be a reality in the UK by the “early 2020s”, according to Transport Secretary Chris Grayling. They’re seen as a cleaner – but pricier – Continue Reading
The WTI and Brent crude oil futures contracts ended down for another week. The West Texas Intermediate (WTI) and Brent crude oil futures contracts ended another week lower. Although the Continue Reading
Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns Continue Reading
Oil suffered steep losses this week on renewed fears that the supply surplus might make a comeback Saudi Arabia and Russia agree to extend cooperation. Saudi Arabia and Russia agreed Continue Reading
Hedge funds slashed their bullish wagers on U.S. crude in the latest week to the lowest level in more than a year, data showed on Friday, as equity markets slid, Continue Reading
How did government respond to the recent scientific conclusion that only “rapid, far-reaching and unprecedented changes in all aspects of society” can deliver the globally agreed target for stopping climate Continue Reading
As a succession of international business and political leaders withdrew from Saudi Arabia’s Future Investment Initiative conference over the death of US-resident journalist Jamal Khashoggi, there was speculation that the event Continue Reading
