Trump Admin May Stun Iran Oil Waiver Seekers
The oil market could be in for a surprise when U.S. sanctions on Iranian crude exports are implemented in 10 days. (Bloomberg) — The oil market could be in for Continue Reading
Nigeria Has Lost $10bn Revenue in 18 Years to Obsolete Oil, Gas Law
The Chairman, Senate Committee on Petroleum Resources, Upstream, Donald Omotayo Alasoadura, has said that Nigeria has lost no less than $10 billion revenue in the last 18 years due to Continue Reading
Nigeria: DPR to Limit Petrol Supply to Border Areas
The Department of Petroleum Resources (DPR) in Adamawa on Wednesday said it would limit supply of petroleum products to border areas to control the illegal exportation of products. Ibrahim Chiroma, Continue Reading
Argentina’s YPF to spend billions to boost oil and gas output
Argentina’s state-controlled oil company, YPF, will significantly boost oil and gas production, investing between $4 billion and $5 billion per year through 2022, Chief Executive Daniel Gonzalez told Reuters on Continue Reading
Vaca Muerta Shale Output Projection Revised
YPF SA will produce more oil and gas than originally planned over the next five years as shale output from the Vaca Muerta formation picks up, according to the Argentine Continue Reading
China Leads Global Refining Boom
China will lead global refinery capacity expansion and investments with 3.12 million bpd additional refining capacity and US$67.3 billion capital expenditure through 2022, data and analytics company GlobalData said in Continue Reading
U.S. drillers add oil rigs for third week in a row: Baker Hughes
U.S. energy firms added oil rigs for a third week in a row for the first time since June, keeping the rig count at its highest in over three years, Continue Reading
The Shale Boom Calmed Oil Markets, but for How Much Longer?
For perspective on shale’s impact, rewind to 2007, when some industry leaders saw world demand hitting a wall once it rose to 100 million barrels a day—a level they thought Continue Reading
US stocks head for worst month since the financial crisis
Wall Street headed for its worst month since the financial crisis after discouraging forecasts from some of the world’s largest technology groups triggered a wider sell-off, reigniting fears the longest Continue Reading
U.S. Economy Grew at 3.5% Rate in Third Quarter
The Commerce Department released its initial estimate of third-quarter economic growth on Friday, providing the latest snapshot of the American economy. The Numbers • United States gross domestic product rose Continue Reading
Cheniere seeks U.S. OK to start on Oklahoma Midship natgas pipeline
U.S. liquefied natural gas company Cheniere Energy Inc, the nation’s biggest buyer of gas, on Friday asked U.S. energy regulators for permission to start work on the company’s $1.025 billion Continue Reading
U.S. Doubles Down On Ethanol Despite Glut
Despite finding itself the midst of a massive glut, the United States ethanol industry is set to see three new plants come online over the next year, adding a combined Continue Reading
The Lucky Few In Canada’s Oil Patch
In a fascinating twist of price trends, a barrel of Canadian heavy crude that is selling for less than US$20 a barrel in Alberta could sell for three times that Continue Reading
Feature: Carbon fee, renewables mandates, drilling restrictions at play in US midterm elections
The 2018 US midterm elections will determine the balance of power over policies affecting the gas and electric sectors across the country, with Republican control hanging in the balance in Continue Reading
General Motors calls for National Zero Emissions Vehicle (NZEV) program in the US
In comments being filed today on the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule for Model Years 2021-2026 Passenger Cars and Light Trucks, the Trump Administration’s proposal to freeze fuel economy Continue Reading
UPS cargo eBike pilot in Seattle
In an effort to address growing traffic congestion and air quality concerns, UPS and Seattle Mayor Jenny Durkan announced the deployment of an innovative downtown delivery pilot project using pedal-assist Continue Reading
Crude, Pipeline Woes Loom Over Oil-Sands Earnings
Forgive Canada’s oil-sands producers for the whiplash. After seeing Western Canada Select crude climb during the first half of 2018, producers have since watched the price plummet by more than Continue Reading
Global oil pricing worries hit U.S. energy shares as earnings loom
Worries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers’ shares trading lower on the Continue Reading
Ukraine to raise households gas prices to market level from 2020
The Ukrainian government plans to raise household gas prices from Jan. 1, 2020 to match what state energy company Naftogaz charges the country’s industrial companies, the government said on Saturday. Continue Reading
Audi and Umicore developing closed-loop recycling for high-voltage batteries; 95%+ recovery of key elements
Audi and Umicore have successfully completed phase one of their strategic research cooperation for battery recycling. The two partners are developing a closed loop for components of high-voltage batteries that Continue Reading
Oil falls on oversupply worries despite Iran sanctions
Oil prices headed for a third weekly loss on Friday after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for Continue Reading
Oil recover with stock markets, demand concerns weigh
Oil prices rose on Thursday alongside U.S. stock markets as Wall Street recovered from the worst meltdown since 2011 the previous day, allaying some fears that a slowdown in global Continue Reading
Peak Oil or Peak Demand?
Following the dawn of the oil industry in the 1800s, demand for oil steadily grew. Initially driven by demand for kerosene as an illuminant, the world’s thirst for oil accelerated Continue Reading
OPEC, allies may need to change course as oil inventories rise: panel
OPEC signaled on Thursday it may have to return to oil production cuts as global inventories rise, in a statement that may further sour relations with U.S. President Donald Trump. Continue Reading
Maritime rule change stirs fears of diesel shortage: Kemp
The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulfur content Continue Reading
Is Carbon Capture The Only Option We Have?
In the wake of the recent UN report that unambiguously warned to reduce carbon dioxide emissions to avert catastrophic climate effects, the debate on how to decouple GDP growth from Continue Reading
Petro-States Face Extinction
Petro-states urgently need to begin diversifying their economies, shifting away from oil production, or else they face financial risks in the years ahead. That conclusion comes from the IEA’s new Continue Reading
The IEA’s Warning To Oil Producers
In disconcerting news for major oil producing countries, particularly production heavyweights Saudi Arabia and Russia, the Paris-based International Energy Agency (IEA) said on Thursday that the world’s largest oil producing Continue Reading
ConocoPhillips paid $345M by Venezuela over 2007 expropriation
ConocoPhillips said Thursday in its third-quarter earnings report it received a $345 million payment from the Venezuelan state oil company PDVSA, and that another payment of $500 million will come Continue Reading
Lopez Obrador aims to cut Mexico’s reliance on US oil, gas: energy adviser
Pemex may import more US crude after Bakken tender Mexico targets new refining capacity to curb oil product imports Lopez Obrador expected to press for more upstream investment Washington — Continue Reading
Venezuela To Make $949M Bond Payment To Keep U.S. Citgo Assets
Although Venezuela is regularly delaying or avoiding bond payments and is behind on billions of U.S. dollars in such payments, it is preparing to make a rare US$949-million payment on Continue Reading
Are OPEC And Its Allies Producing Too Much Oil?
OPEC and its Russia-led non-OPEC partners in the production cut deal may have to change course in the current relaxing of the cuts, due to increased inventories in recent weeks Continue Reading
BP, Eni To Start Drilling in Libya By Next March
BP and Eni will begin exploratory drilling in Libya in the first quarter of next year, BP’s chief executive Bob Dudley told Reuters. BP has 85 percent in an offshore Continue Reading
Analysis: Iraq’s new energy ministers face hurdles on capacity growth, power supplies
Veteran Ghadhban appointed new oil minister Iraq hoping to boost oil capacity to 8 million b/d by 2025 IEA upbeat on progress of gas capture plans Baghdad — Iraq’s appointment Continue Reading
Iraq to proceed with plans to increase oil and gas capacity: minister
Iraq will proceed with plans to increase oil and gas production capacity, Oil Minister Thamer Ghadhban said, according to an emailed statement from his ministry on Friday. Ghadhban is among Continue Reading
Middle East refinery, petrochemicals output to surge by 2040:
Refining and petrochemicals output from the Middle East will grow substantially over the next two decades, boosting the region’s global market share of the two commodities groups, according to a Continue Reading
Iranian fuel oil exports decline in Oct ahead of US sanctions: sources
Fuel oil supply from Iran is expected to decline to below 1 million mt in October from the usual 1.2 million-1.4 million mt a month, ahead of the US sanctions Continue Reading
Category 5 Typhoon Yutu devastates the Northern Marianas in worst storm to hit any part of U.S. since 1935
Damage from Super Typhoon Yutu in Saipan, Northern Mariana Islands. (Jose Mafnas) Typhoon Yutu’s 180 mph winds overturned cars, knocked down hundreds of power poles and left an island of Continue Reading
Dalian coking coal hits 13-month high amid safety checks
Chinese coking coal prices hit a 13-month high on Friday, spurred by expectations of short supply due to safety inspections at coal mines and firm demand at steel mills. The Continue Reading
China’s Hebei to ensure clean coal supply for 2018-2020 winters
China’s Hebei province has said it will ensure sufficient supplies of clean coal during the next three winters to avoid heating fuel shortages and reduce toxic air emissions. Several regions Continue Reading
Drought to cut east Australia crop output in half from 20-year average
Drought is expected to cut eastern Australia’s crop production this year to less than half the average over the past 20 years, with New South Wales to be worst hit, Continue Reading
China’s Currency Creeps Toward Decade Low Against Dollar
After a nearly 7% selloff so far this year, the yuan is at the brink of hitting 7 per dollar—a symbolic threshold that could spark further selling—if Chinese businesses and Continue Reading
Exclusive: Chevron in talks to buy Brazilian oil company’s Texas refinery – sources
Chevron Corp ( CVX.N ) has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA ( PETR4.SA Continue Reading
The case against ExxonMobil
In July 2014, ExxonMobil announced a $1bn investment to add new capacity to its refinery at Antwerp in Belgium. It was some rare good news for the European refining industry Continue Reading
Scientists Push for a Crash Program to Scrub Carbon From the Air
With time running out to avoid dangerous global warming, the nation’s leading scientific body on Wednesday urged the federal government to begin a research program focused on developing technologies that Continue Reading
Fact Checking Bernie Sanders On Renewable Energy
When discussing energy policies, I think it’s critical to accurately represent facts. Otherwise, we may end up making ineffective policy decisions based on myths or half-truths. For example, last week Continue Reading
U.S. Oil & Gas Deal Flow Reaches Highest Level Since 2014
Higher and more stable oil prices, corporate restructurings, and investors warming to the idea of longer-term investment sent the U.S. oil and gas deals value to a near-record US$122.8 billion Continue Reading
BOEM Greenlights First Oil Drilling Project In Alaska Federal Waters
The Bureau of Ocean Energy Management has approved Hilcorp Alaska’s drilling project for the Liberty prospect in the Beaufort Sea, and this is the first approval for a drilling project Continue Reading
Crude, Pipeline Woes Loom Over Oil-Sands Earnings
Forgive Canada’s oil-sands producers for the whiplash. After seeing Western Canada Select crude climb during the first half of 2018, producers have since watched the price plummet by more than Continue Reading
U.S. shale producers eye global pricing as exports surge
Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before – lock in prices for their barrels Continue Reading