Kurdistan’s two dominant political parties have made a breakthrough in their long-running negotiations to form the next Kurdistan Regional Government (KRG) — talks that also aim to decide the governorship Continue Reading
Saudi Arabia, the world’s top oil exporter, cut its crude output in January by about 400,000 barrels per day (bpd), two OPEC sources said, as the kingdom follows through on Continue Reading
The U.S. plan to withdraw its troops from Syria will not give Islamic State an opportunity to try to retake some oil fields in the war-torn country, U.S. Secretary of Continue Reading
The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil’s Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Continue Reading
The sanctions the U.S. slapped on Venezuelan oil last week are playing havoc with the tankers that ship crude around the world, and throwing energy prices off-kilter in the process. Continue Reading
Trading houses that resell Venezuelan crude oil have not yet found workarounds since the United States announced sanctions to cut off socialist President Nicolas Maduro’s revenue, according to shipping data Continue Reading
France’s oil and gas major Total has pulled out all its personnel from Venezuela following the U.S. sanctions on Venezuelan state oil firm PDVSA, which also blocked Total’s accounts in the Latin Continue Reading
Venezuela’s state-owned PDVSA is arguing in US court that the latest sanctions imposed by the Trump administration should block any attempts by Venezuela’s creditors to use the US justice system Continue Reading
Venezuela’s state-run PDVSA has started mixing its extra heavy oil with domestic Santa Barbara light crude due to a shortage of imported diluents following U.S. sanctions imposed last week, two Continue Reading
The international effort to rush food and medicine into this collapsing socialist state was rapidly transforming Thursday into a high-stakes standoff between President Nicolás Maduro and the U.S.-backed opposition, essentially Continue Reading
Russia—one of the key supporters of Nicolas Maduro in the Venezuelan crisis—has stood by the Venezuelan leader for years and has poured billions of U.S. dollars in the Latin American Continue Reading
The U.S. sanctions on Venezuela’s oil industry and state oil firm PDVSA are unlikely to have a significant impact on the refinery runs of the U.S. refiners, the Energy Information Continue Reading
2018 was the fourth warmest year since records began in 1880, according to a new analysis by NASA and the National Oceanic and Atmospheric Administration. Record-breaking: Earth’s global surface temperature Continue Reading
Temperatures earlier this week were much higher than normal in parts of Argentina and Chile. This map shows how much warmer than normal in degrees Fahrenheit. (weatherbell.com) It’s summer in Continue Reading
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity. Spot cargo prices for Australian thermal coal Continue Reading
Democrats on Thursday laid out a “Green New Deal” that would eliminate U.S. greenhouse gas emissions within a decade, an effort to make climate change a central issue in the Continue Reading
Canadian crude oil is already expensive enough for the production cuts to stop making sense: some producers have already started rolling them back far ahead of schedule. This is what Continue Reading
‘King Coal’ dominated the energy mix during the industrial revolution of the 19 th century. The replacement of the steam engine by the internal combustion engine made oil the most Continue Reading
The Trump administration is confident that key ally Saudi Arabia will fill any oil supply gap caused by US sanctions on Venezuela, with refineries along the Gulf Coast told not Continue Reading
Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri. (Bloomberg) — Canadian crude weakened after two critical oil pipelines Continue Reading
When it comes to whether or not shale drilling in the Permian is actually profitable, Rystad Energy concludes that operator size matters. Say it ain’t so. Some oil and gas Continue Reading
A portion of TransCanada Corp’s Keystone oil pipeline remained shut on Thursday for investigation of a possible leak on its right-of-way near St. Louis, Missouri, a company spokesman said. TransCanada Continue Reading
Democrats on Thursday laid out a “Green New Deal” that would eliminate U.S. greenhouse gas emissions within a decade, an effort to make climate change a central issue in the Continue Reading
A group of top hurricane experts, including several federal researchers at the National Oceanic and Atmospheric Administration, published striking new research Thursday suggesting that hurricanes in the Atlantic Ocean have Continue Reading
The long-awaited Green New Deal was unveiled in Washington on Thursday, laying down a marker for 2020 and beyond. If you haven’t heard of the Green New Deal, you probably Continue Reading
Electrify America has released its National Zero Emissions Vehicle (ZEV) Investment Plan for Cycle 2; Cycle 2 is a 30-month investment period that begins in July 2019. The $300-million investment Continue Reading
Propel Fuels, California’s leading low carbon fuel retailer, plans to launch an electric vehicle (EV) charging network to bring fast and affordable access across the state of California. Propel will Continue Reading
Hubject is collaborating with Greenlots to deploy its ISO 15118 Plug&Charge technology ( earlier post ) in North America. Customers with new, Plug&Charge-enabled vehicles will no longer need to worry Continue Reading
Germany will not become dependent on Russia for gas due to Russia’s Nord Stream 2 pipeline, Chancellor Angela Merkel said on Thursday, stressing that it was crucial to ensure Ukraine Continue Reading
Britain’s government has no plans to review regulations for fracking gas in the country, it said on Thursday, following calls from industry to revisit the rules. Chemical giant Ineos and Continue Reading
Now that Japanese giants Toshiba and Hitachi have walked away from UK nuclear power projects that had previously been abandoned by others, it has forced the government to reassess the Continue Reading
Republican and Democratic U.S. senators on Thursday unveiled a resolution calling for the cancellation of Russia’s Nord Stream 2 natural gas pipeline, a link under the Baltic Sea from Russia Continue Reading
Oil steadied on Thursday as growing expectations that global supply could fall significantly short of demand this year lent support, offsetting the negative impact of a rise in U.S. inventories. Continue Reading
After a decades-long legacy of dismissing the potentially meteoric rise of electric cars, oil and gas companies are finally changing their tune. In fact, in some sectors Big Oil is Continue Reading
The world is in the middle of what is likely to be the warmest 10 years since records began in 1850, say scientists. The Met Office is forecasting that temperatures Continue Reading
OPEC and Russia are officially working to establish a formal alliance that would allow for the indefinite management of the oil market. The OPEC/non-OPEC coalition, often referred to as “OPEC+”, Continue Reading
OPEC’s crude oil production plummeted by nearly 1 million bpd from December to 30.86 million bpd in January, marking the lowest production for the cartel since March 2015, as Saudi Continue Reading
A unit of forces loyal to Libya’s UN-backed government in Tripoli has been sent south to secure the country’s largest oil field, Sharara, which has been shut in for nearly Continue Reading
OPEC pumped the fewest barrels since March 2015 in January, with crude output plunging to 30.86 million b/d, a fall of 970,000 b/d from December as new supply quotas went Continue Reading
A Libyan general has seized the country’s largest oil field, according to officials, cementing control over one of the North African nation’s key economic resources and increasing the likelihood the Continue Reading
Tokyo Gas Co, Japan’s largest gas utility and a major LNG player, and British energy supplier Centrica agreed on Tuesday to jointly purchase 2.6 million tonnes of LNG per year Continue Reading
Storage tanks already cool from decade-oil import Sempra Energy’s Cameron LNG export terminal is “very close” to startup and could be ready to begin producing LNG in the next few Continue Reading
French oil and gas major Total’s discovery offshore South Africa could be around 1 billion barrels of total resources and is “probably quite big”, the company’s chief executive Patrick Pouyanne, Continue Reading
Somalia is set to inch close to oil exploration with the unveiling of the block delineation and legal and regulatory framework to guide the sector on Thursday. The move is Continue Reading
Global discoveries of conventional oil and gas could jump to 20 billion barrels of oil equivalent this year as an industry-wide recovery in exploration activity continues to ramp up, research Continue Reading
When Washington announced its latest sanctions against Venezuela, targeting specifically state oil company PDVSA, there was worry—and hope, depending on perspective—that this will push crude oil prices higher. What happened Continue Reading
Venezuela’s state oil firm PDVSA is looking to sell more of its oil to customers in Europe and Asia as the U.S. sanctions are cutting off U.S. buyers of its Continue Reading
Vaca Muerta, the biggest shale play in Argentina, led a year-on-year increase in oil and natural gas production in 2018 in Neuquen, as more companies bet on the resources for Continue Reading
Tilapia is crude oil, while Haimara is gas condensate Haimara may open up a new play area: companies An ExxonMobil-led consortium has made two more discoveries offshore Guyana they call Continue Reading
The imposition of US sanctions against Venezuela has altered naphtha trade flow, with tankers booked to carry product there seen failing and others sailing laden seen rerouted as charterers seek Continue Reading
