Halliburton’s optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout Continue Reading
The amount of water used per well jumped as much as 770 percent between 2011 and 2016, researchers say. As fracking expands, its water and wastewater footprints are forecast to Continue Reading
Saudi Arabia and Russia could formalize a strategic partnership that would last indefinitely, potentially marking a new era for the oil market. In a wide-ranging interview with TASS, Saudi oil Continue Reading
While U.S. legislators are discussing new sanctions on Russia that would increase economic pressure on Moscow by possibly expanding sanctions to the banking and energy industries, Russia is said to Continue Reading
Private hire taxi business Adison Lee and British self-driving software specialist Oxbotica said on Monday that they struck a strategic alliance aiming to deploy and operate self-driving services in London Continue Reading
Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month. Benchmark Continue Reading
U.S. West Texas Intermediate and International-benchmark Brent crude oil futures are trading higher on Friday after a steep sell-off the past two sessions. The markets are trading inside Thursday’s range Continue Reading
U.S. Treasury Secretary Steven Mnuchin said on Sunday it will be harder for countries to get waivers on Iran oil sanctions than during the Obama administration and dismissed concerns that Continue Reading
Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said on Monday amid a worsening Continue Reading
The Nigerian National Petroleum Corporation (NNPC) on Thursday said the fire incident that happened on System 2E pipeline network in Umuaduru and Umuimo communities in Abia state was caused by Continue Reading
Asia’s gasoline margin fell to more than a two-year low late last week due to ample supplies, and the October average is now expected to be the worst for the Continue Reading
Taiwanese state oil refiner CPC Corp has signed its first long-term deal to buy U.S. crude, a company official said on Monday, one of only a few such deals by Continue Reading
The Japanese government along with private companies have spent $4 billion in the past year on liquefied natural gas (LNG) projects, mainly in Asia and across the supply chain, to Continue Reading
China bolstered economic growth for decades by pouring trillions of dollars into roads, factories, railroads and more, and doubled down to protect the economy from the global financial crisis of Continue Reading
China wants to launch a world-first ‘man-made moon’ over the southwestern city of Chengdu by 2020 to help illuminate the city at night. If the first artificial moon experiment is Continue Reading
U.S. refiners are expected to post strong earnings for the third quarter, with Midwest producers leading the way thanks to cheaper prices for Canadian crude that pushed down input costs. Continue Reading
Existing U.S. shipping terminals are already ill-equipped to handle the growing load, because only one can fully accommodate the giant tankers used to ship oil to Asia and Europe. That Continue Reading
An oil spill that has been quietly leaking millions of barrels into the Gulf of Mexico has gone unplugged for so long that it now verges on becoming one of Continue Reading
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies Continue Reading
A lighter crude oil grade is being sold from the Permian, Bloomberg reported earlier this week, noting it was selling at a discount to the regional benchmark, WTI Midland. It Continue Reading
A new study led by researchers at the University of North Carolina at Chapel Hill has found that deaths related to air pollution in the US were nearly halved between Continue Reading
Oil prices at $80 a barrel are too high and unhealthy for the world today, Bob Dudley, the chief executive of UK supermajor BP, said on the sidelines of an Continue Reading
Russian authorities have announced that domestic oil production hit 11.36 million barrels per day (bpd), on average, in September ( Vedomosti , October 2). This marks a new historic peak, Continue Reading
Norway’s crude oil production has not only been sliding this year compared to last year—as expected—but it has also consistently underperformed the production forecasts of the Norwegian Petroleum Directorate (NPD). Continue Reading
A cut in the UK’s Carbon Price Support tax risks a resurgence in coal-fired generation and higher CO2 emissions into the 2020s, Aurora Energy Research said Monday. Receive daily email Continue Reading
Oil prices rose in mid-morning US trading as bearish sentiment faded amid rising US equity markets and lingering geopolitical tensions. ICE December Brent was up $1.33 at $80.62/b and NYMEX Continue Reading
Oil prices rose on Friday on signs of surging demand in China, the world’s No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. Continue Reading
Crude oil is unlikely to reach US$100 a barrel as various analysts have warned, Goldman Sachs’ chief of commodities Jeffrey Currie told S&P Global Platts in an interview. This is Continue Reading
“The oil prices in the world are too high,” said Bob Dudley at a conference in The Hague. “The oil prices in the world are too high and it’s unhealthy Continue Reading
Crude oil prices have been on a wild ride in October, hitting a four-year high to start the month before falling $8 in about two weeks. Photo by photostock77/Shutterstock Oct. Continue Reading
Oil markets are calming down after several weeks of bullish news, with Goldman Sachs now saying that crude is unlikely to break $100 per barrel. The most vital industry information Continue Reading
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was Continue Reading
The Brazilian production of electricity from biomass, mostly produced from sugar cane material and then fed into the country’s power grid, increased 11 percent during January-August from a year earlier. Continue Reading
Exxon is betting very big on Africa for its next big find, the supermajor’s head of exploration, Stephen Greenlee, told Bloomberg in an interview. In fact, Greenlee said, Exxon was Continue Reading
The theft of crude oil in Nigeria has cost the country €9 billion in the last two years. DW’s Fred Muvunyi traced the illicit flow of ‘fungue’ to a port Continue Reading
American clients of Ningbo Frank Electric Co., a Chinese manufacturer of kettles and other household appliances, have been placing orders several months in advance, salesman John Zheng said. “It all Continue Reading
The northern region of Beijing-Tianjin-Hebei needs to make sure there is enough fuel for heating during the winter, Vice Premier Han Zheng has warned, as quoted by Reuters. The northern Continue Reading
Chinese refiners processed a record daily amount of crude oil last month, Reuters reports , citing calculations based on Chinese statistical data. At a calculated 12.49 million bpd, the September Continue Reading
Production cuts ordered for this winter by China’s top steelmaking city Tangshan look less restrictive than last year, analysts said, potentially keeping output high even as the city seeks to Continue Reading
The United Nations (UN) climate science panel is being accused of ignoring research into fossil fuel-funded misinformation campaigns that have been key to holding back action on global warming. The Continue Reading
Significance Ideological polarization around environmental issues—especially climate change—have increased in the last 20 years. This polarization has led to public uncertainty, and in some cases, policy stalemate. Much attention has Continue Reading
The rules, set roughly a decade ago through the International Maritime Organization, an arm of the United Nations, take effect on Jan. 1, 2020, and aim to slash the amount Continue Reading
NEW YORK (Reuters) – The upcoming startup of an expanded crude pipeline from the Permian Basin to Cushing, Oklahoma has rapidly strengthened oil prices in West Texas while weighing on Continue Reading
US shale oil production could fall short of its most optimistic projections because of emerging problems in the industry, the chief executive of the world’s largest oilfield services group has Continue Reading
Baker Hughes reported a 4-rig increase for oil and gas in the United States this week, bringing the total number of active oil and gas rigs to 1,067 according to Continue Reading
Natural gas production in the Permian Basin has outpaced pipeline takeaway capacity, but with the rollout of new projects, this trend is expected to change next year. Receive daily email Continue Reading
Highlights 26 gas-fired power projects planned for region Gas likely to become most-used fuel for power generation in PJM Houston — With about 21,000 MW of new gas-fired power generation Continue Reading
Kansas City Southern increased the number of fuel carloads moved into Mexico from the US by 164% year over year in the third quarter of 2018, the company said Tuesday. Continue Reading
Houston — Permian Basin crude production growth is currently constrained by limited takeaway capacity, and falling well performance in the basin could pose a risk to longer-term growth, oilfield services Continue Reading
The US adds four rigs this week, making this week’s count the highest since March 2015. U.S. drillers added four rigs this week, bringing the nation’s oil rig count to Continue Reading
