Oil majors will spend US$208 billion on offshore drilling and other oilfield services this year, but not all sector players are positioned to benefit from the higher spending, Bloomberg reported Continue Reading
In a bid to boost the liquidity of the Brent international crude oil benchmark, S&P Global Platts plans to reform the way Dated Brent is being assessed as of November Continue Reading
Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in Continue Reading
Crude oil futures moved marginally lower during mid-morning trade in Asia Monday continuing its downtrend seen from Friday’s trading session amid the latest comments from Saudi Arabia while awaiting for Continue Reading
As we begin 2019, the energy markets and the stock markets are experiencing incredible volatility. Both underwent steep declines during the latter part of last year, but both are off Continue Reading
Hedge fund managers show signs of having completed their recent sale of crude and refined fuels, with positions edging up slightly in the first week of the new year, amid Continue Reading
As the earth gets hotter, energy demand will increase significantly along with global temperatures. Now a team of researchers in China has determined in a recent study that by the Continue Reading
The release of the World Magnetic Model has been postponed to 30 January due to the ongoing US government shutdown. Something strange is going on at the top of the Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly return to balance, but oil producers are willing to do Continue Reading
Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia’s energy minister said on Sunday. Khalid al-Falih, speaking at a conference in Abu Dhabi, Continue Reading
Emma Liu has a good job in Beijing, but she has decided to forgo her normal Giorgio Armani face cream and started buying cheaper sweaters online. Her choices are reverberating Continue Reading
A study by researchers from the National University of Singapore Department of Economics ( NUS Economics ) has found a correlation between pollution and productivity of employees. The researchers, led Continue Reading
China reported a sharp drop in exports for December sending stock markets across Asia lower, as a global slowdown and a punishing trade war with the US hit the world’s Continue Reading
The editorial board Since the start of the year, companies from Apple of the US and South Korea’s Samsung to Indian-owned Jaguar Land Rover in the UK have warned their Continue Reading
China’s crude imports in December rose 29.9% year on year to an average 10.35 million b/d as independent refiners rushed to use their import quotas, lifting imports by Asia’s biggest Continue Reading
The multibillion-dollar project to build Canada’s first liquefied natural gas export plant is facing opposition from indigenous people who live on the planned route of the pipeline to supply the Continue Reading
Late last year, Royal Dutch Shell gave the greenlight to a massive LNG export terminal on Canada’s Pacific Coast, one of the largest investments in LNG in years. But like Continue Reading
In an attempt to combat a ballooning oil glut and dramatically plummeting prices, the premier of Alberta Rachel Notley introduced an unprecedented measure at the beginning of December when she Continue Reading
OPEC has thrown a “lifeline” to US shale producers by cutting output to boost oil prices, Saudi energy minister Khalid al-Falih said Sunday, rejecting the notion of a market share Continue Reading
At CES 2019 last week, NVIDIA showcased DRIVE Localization—an open, scalable platform for vehicles to position themselves on high-definition maps with unprecedented robustness and accuracy, using mass-market sensors. It’s vital Continue Reading
More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican’s efforts to Continue Reading
Has financial disaster been averted in Canada’s oil and gas industry? ‘Disaster’ is all relative. Let’s just say 2019 is going to be a difficult year following a tough set Continue Reading
The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project. U.S. President Donald Continue Reading
Britain has rejected the case for a relaxation of fracking regulations despite warnings that the current system is “strangling” the industry, the Financial Times reported on Sunday. Fracking, or hydraulic Continue Reading
Germany has mined and burnt lignite for hundreds of years and has the physical scars to show for it. From the Rhineland in the west to the Lausitz in the Continue Reading
French nuclear output peaked at 52 GW Monday as an unplanned outage, delays to scheduled returns and planned maintenance kept availability below expectations, data from grid operator RTE and nuclear Continue Reading
Oil price declines extended in midmorning trading Friday as the market looked to equity markets for direction amid a lack of fresh indicators. ICE March Brent was down $1 at Continue Reading
Oil prices fell nearly 2 percent on Friday as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by U.S.-China trade hopes, but clung to some Continue Reading
I had intended to grade my 2018 energy predictions before now, but one of them wasn’t decided until the last day of the year. But after the stock market closed Continue Reading
Oil is officially back in a bull market as confidence grows over both the global economy and the willingness of OPEC+ to adhere to its production cut agreement. Oil entered Continue Reading
India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship-tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took Continue Reading
Indian oil imports from Iran plunged by 41 percent on the year to just over 300,000 bpd in December, roughly around the level of Iranian oil India is restricted to Continue Reading
The United States will grant no more waivers for Iranian oil after the reimposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday, underlining Washington’s push to Continue Reading
BASRA (Reuters) – Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day (bpd) by the end of 2019 and to 450,000 bpd by the Continue Reading
Gasoline shortages in Mexico sparked by a government crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the problem persists, while lines at Continue Reading
A major fuel pipeline that supplies Mexico City remained closed after suffering two ruptures in a single day, the president said on Friday, as the government works to stem shortages Continue Reading
President Andres Manuel Lopez Obrador has launched the most sweeping attack against rampant corruption and organized crime of his young administration: aiming to stop a growing fuel theft racket that Continue Reading
Seaborne gasoline imports from the U.S. Gulf Coast have averaged about 350,000 barrels a day under Mr. López Obrador, a 28% decline from December 2017 and January 2018, according to Continue Reading
Pemex’s 173,000 b/d Tuxpan-Poza Rica-Azcapotzalco gasoline and diesel pipeline was shut Thursday night again after a new leak was found after being restarted earlier that day, President Andres Manuel Lopez Continue Reading
U.S. energy firms cut oil rigs for a second week in a row as more producers, like Occidental Petroleum Corp, turned conservative in their 2019 drilling plans due to uncertainty Continue Reading
Baker Hughes reported no change to the number of active oil and gas in the United States this week. The total number of active oil and gas drilling rigs is Continue Reading
Gas production in the state of Louisiana in the southern U.S. will soon reach record heights thanks to an outstanding resurgence of the Haynesville shale play. Rystad Energy research shows Continue Reading
Wind, natural gas, and solar capacity will lead the new electricity capacity in the United States this year, while coal-fired generation will account for more than half of scheduled capacity Continue Reading
Dam construction involves higher environmental and social costs than previously estimated, a new study has suggested. The study, cited by Phys.org, was carried out by researchers from Michigan State University Continue Reading
Midland crude for delivery in the fourth quarter is trading at the smallest discount in months in anticipation of the opening of pipelines transporting more than 2 million barrels per Continue Reading
Renewables, nuclear received 93% of subsidies Comparisons made to unconventional drilling Houston — The Institute for Energy Research on Friday announced a report showing that renewables and nuclear power received Continue Reading
During its Capital Markets Day presentation, GM said that Cadillac will be GM’s lead electric vehicle brand and will introduce the first model from the company’s all-new global battery electric Continue Reading
A new computational model could potentially boost efficiencies and profits in natural gas production by better predicting previously hidden fracture mechanics while accurately accounting for the known amounts of gas Continue Reading
The US oil rig count dropped by four this week, while the country added four gas rigs, keeping the total rig count flat. U.S. drillers cut four oil rigs this Continue Reading
The Kansas City Fed’s fourth quarter energy survey reveals a negative drilling and business activity index – the first in almost three years. The future of drilling activity in the Continue Reading
