Japanese buyers are unlikely to load Iranian oil after April 1 without an extension of the country’s current waiver because of the difficulty in making payments before sanctions are reimposed Continue Reading
State-controlled China National Petroleum Corporation (CNPC) is replacing French oil and gas major Total in Iran’s multi-billion-dollar South Pars gas project, Iran’s semi-official news agency ICANA quoted Oil Minister Bijan Continue Reading
Saudi Arabia’s oil production has been at a record high this month—at between 11.1 million bpd and 11.3 million bpd in some days in November, an industry source familiar with Continue Reading
Iraq has allocated its oil sales for 2019, with 67 percent of exports going to Asian markets, 20 percent to Europe and 13 percent to North America, the oil ministry Continue Reading
Saudi Aramco’s gas expansion strategy needs $150 billion worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said Continue Reading
Algeria’s state oil and gas company has pulled out of Libya citing deteriorating security conditions, Libyan media report , adding the company had first evacuated its personnel from its neighbor Continue Reading
Saudi Aramco’s gas program is targeting almost $160 billion of investment in the next 10 years and an output increase of 64%, CEO Amin Nasser announced at the Gulf Petrochemicals Continue Reading
Saudi Aramco plans to invest $100 billion in the chemicals business over the next 10 years, CEO Amin Nasser said at the 13th Annual GPCA forum in Dubai on Tuesday. Continue Reading
Only after Washington Post columnist Jamal Khashoggi was brutally murdered did the major networks like CNN finally discover Saudi atrocities in Yemen and a horrid human rights record and history Continue Reading
Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as U.S. President Donald Trump piled pressure on the kingdom to refrain from Continue Reading
Saudi Crown Prince Mohammed bin Salman and Bahraini King Hamad bin Isa Al Khalifa opened a new oil pipeline between the two countries on Monday, the Saudi Press agency said. Continue Reading
Saudi Aramco will spend US$500 billion over the next ten years to expand internationally, with a fifth of the total amount earmarked for petrochemical projects and US$160 billion for natural Continue Reading
Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting License Continue Reading
A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent Continue Reading
Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area. Continue Reading
Rosneft’s chief executive, Igor Sechin, last week flew to Caracas to have words with President Maduro regarding delays in the shipments of Venezuelan crude that Caracas had agreed to send Continue Reading
Venezuela’s state-owned oil company PDVSA has settled an arbitration case brought against it by Canadian miner Crystallex and has paid the company US$1.4 billion to avoid having its most precious Continue Reading
Venezuela has reached a settlement with Canadian gold miner Crystallex to hold onto its US refiner Citgo, but will have to stay on top of payments through early 2021 to Continue Reading
Vista Oil & Gas plans to invest $157.4 million in its first pilot projects in Vaca Muerta, betting on the Argentinian shale play for oil and natural gas production growth. Continue Reading
Venezuela’s oil ministry last month turned down a proposal by BP ( BP.L ) to buy Total’s ( TOTF.PA ) stake in a promising but inactive natural gas project along Continue Reading
Chinese officials have said their priority at the meeting between Mr. Trump and President Xi Jinping is to convince the U.S. to suspend the planned Jan. 1 increase in tariffs Continue Reading
Hurricanes Florence and Michael and record temperatures across Europe have grabbed global headlines this year. But spare a thought for communities and businesses across Asia, which have suffered a string Continue Reading
Residents in the rugged, overmined city of Jincheng in northern China’s coal heartland have been breathing a little easier after campaigns to reduce pollution forced dozens of collieries and chemical Continue Reading
China’s coal imports are set to slump in December as traders and utilities wind back purchases following signals from Beijing that it will stop clearing shipments until next year, trading Continue Reading
China’s oil imports from Russia hit an all-time high in October, further consolidating Russia’s position as China’s top oil supplier, while Chinese imports from Iran dropped last month on uncertainties Continue Reading
South Korea’s gasoline demand dropped 16% year on year in October, the sharpest decline in 20 years since October 1998 when the country was hit by the Asian financial crisis. Continue Reading
Falling prices could force shale drillers—who fracture underground rock formations to release the oil and gas trapped inside—to moderate their growth in booming areas such as the Permian Basin in Continue Reading
People demonstrate against the expansion of the Trans Mountain pipeline project in Burnaby Canada recently spent billions on an oil pipeline in order to triple its capacity. But amid fierce Continue Reading
Data suggests full cargo could be ready soon Europe may provide more bang for the buck than East Asia Houston — Cheniere Energy appears to be getting closer to having Continue Reading
The Corpus Christi Ship Channel Improvement Project will cost an estimated $360 million. Nearly one-half of the $360 million needed to widen and deepen the Corpus Christi Ship Channel to Continue Reading
The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie. Within 18 months, Continue Reading
Scottish marine salvage group Ardent is adapting the tanks it used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea Continue Reading
The housing sector has slowed in the face of higher interest rates and the domestic energy sector faces a big drop in oil prices that could damp hiring and investment Continue Reading
The federal report concluded “that the evidence of human-caused climate change is overwhelming and continues to strengthen, that the impacts of climate change are intensifying across the country, and that Continue Reading
Throughout the US shale oil and gas boom of the past 15 years, one of investors’ greatest concerns has been that the exploration and production companies needed continual infusions of Continue Reading
Politicians and unions reacted with anger, but investors at least applauded General Motors’ decision to wield the ax. As far as Wall Street is concerned, the carmaker’s Monday morning announcement Continue Reading
President Trump recently took credit for the plunge in oil prices since early October. As I noted in a recent article , it’s true that the President’s actions have contributed Continue Reading
President Trump has spent much of the first two years of his presidency at odds with environmentalists over numerous issues, but now that disagreement also includes the federal government. On Continue Reading
This is the first of three books that the late geologist Kenneth S. Deffeyes, who passed away a year ago this week, wrote about the coming global oil crisis. The Continue Reading
Germany has postponed until February a decision on how fast Europe’s largest economy should phase out brown-coal-fired power plants and whether the government should compensate utilities as well as regions Continue Reading
Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway’s Nyhamna gas Continue Reading
France-based Air Liquide, a 65,000-employee company that sells gases to industrial and medical customers worldwide, will build with $150 million the “first world-scale liquid hydrogen” plant in the United States Continue Reading
France or Germany will host the corporation that would handle the payments channel , the diplomats said. If France hosts it, a German official will head the corporation and vice Continue Reading
‘Gilets jaunes’ protesters approaching a police line on Saturday in Paris near the Arc de Triomphe on the Champs Élysées. Photo: Emeric Fohlen/NurPhoto/Zuma Press When Mr. Macron began rolling out Continue Reading
Progress on increasing the use of renewable energy and improving energy efficiency is slowing across the European Union, putting at risk the EU’s ability to achieve its energy and emissions Continue Reading
Crude oil futures stabilized in mid-morning trade in Asia Monday after ICE Brent hit a 1-year low last Friday, though analysts said the near-term outlook remained bearish. At 10:30 am Continue Reading
Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets. Continue Reading
An open pit mine in Burdwan, West Bengal, India. Coal is the single largest source of electricity worldwide. Rebecca Conway for The New York Times Want climate news in your Continue Reading
Oil prices continue to plumb new depths, but some analysts think the selloff has gone too far. Brent prices fell to $62 per barrel by mid-week, hitting nearly a one-year Continue Reading
“Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!” President Continue Reading
