Algeria’s oil and gas production appears to be unaffected so far by the political unrest gripping the country, an International Energy Agency (IEA) official said on Tuesday. A major oil Continue Reading
The U.S. blacklisted members of what officials said was a “vast network” operating in Turkey and the United Arab Emirates that helped Iran exchange over $1 billion in currency to Continue Reading
Saudi Arabia, through its oil behemoth Saudi Aramco, is looking to decreasing its carbon footprint by creating a global gas business, Aramco’s CEO Amin Nasser said during an industry event Continue Reading
The unrelenting unrest in Algeria in the form of mass protests seeking to force President Abdelaziz Bouteflika out of office has investors worried; but so far, there are no signs Continue Reading
President Trump’s national security team is deeply divided over whether to let a small group of countries keep buying Iranian oil after a U.S. deadline on sanctions waivers expires in Continue Reading
Government yesterday signed a multi-billion deal with the China Railway Seventh Group to design and construct Masindi-Biso, Kabaale-Kizirafumbi and Hohwa-Nyairongo-Kyarushesha-Butole road. The 97km road is part of the 700km critical Continue Reading
Activity at Venezuela’s main oil port of Jose, operated by state-run company PDVSA, was halted following a massive power blackout on Monday, according to two oil industry workers and a Continue Reading
Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas, and diesel, underlining how South America’s protected auto market is Continue Reading
The Mexican subsidiary of U.S. railroad operator Kansas City Southern expects its gasoline transport business to grow at least 15 percent by volume this year, and possibly much more, a Continue Reading
Venezuela is once again finding itself in the dark in another massive power outage, according to Aljazeera , weighing further on the South American country that is struggling to maintain Continue Reading
Data released by the Chinese energy bureau this week shows that the country added a whopping 194 million tonnes of coal mining capacity over the course of 2018. This revelation Continue Reading
The percentage of renewables in the global energy mix has risen significantly over the years due to, for example, lower costs for photovoltaic cells. The improved financial position of wind and solar Continue Reading
China is taking advantage of steep discounts for Iranian and Venezuelan crude to increase its imports from the two countries sanctioned by the United States, Bloomberg reports , adding that Continue Reading
Profits at large Chinese industrial companies fell at the fastest pace in almost a decade at the start of 2019, in the latest sign of a slowdown for the world’s Continue Reading
For countries who have complete control over their oil industry through their state-run oil behemoths, it’s easy to order them to increase oil output—costs be damned. But sinking money into Continue Reading
Texas will need an additional 10,950 miles of oil and gas pipelines to accommodate rising production over the years to 2050, an IHS Markit study quoted by S&P Global Platts Continue Reading
Electric aviation technology company magniX and Harbour Air, North America’s largest seaplane airline, announced a partnership to transform Harbour Air seaplanes into an all-electric commercial fleet powered by the magni500, Continue Reading
The dramatic ramp-up in U.S. shale production is running into a combination of issues that threaten to slow the pace of expansion. (Bloomberg) — The dramatic ramp-up in U.S. shale Continue Reading
Duke Energy Corp. will need another way to shuttle natural gas to customers in the U.S. Southeast if the troubled Atlantic Coast shale pipeline fails to overcome legal setbacks. (Bloomberg) Continue Reading
Oil trader Paul Vega is at the vanguard of shale’s next revolution. Driving his pick-up truck through the heartland of the Permian basin — the vast tract of west Texas scrub Continue Reading
German utility Uniper has started producing methane gas derived from wind power and feeding it into gas pipeline networks at its Falkenhagen site as the country seeks wider uses for Continue Reading
Norway’s state oil and gas major Equinor plans to join a battery technology investment fund worth US$180 million as part of a diversification strategy focused on renewable energy and storage, Continue Reading
Speed limiting technology looks set to become mandatory for all vehicles sold in Europe from 2022, after new rules were provisionally agreed by the EU. The Department for Transport said Continue Reading
The UK is widely seen as a climate leader. Its Climate Change Act , which passed into law ten years ago, is the envy of the world. It has targets Continue Reading
Crude oil futures were stable to marginally higher during mid-morning trade in Asia Tuesday amid an expected drop in US crude inventories, while ongoing supply tensions elsewhere continued to support Continue Reading
Oil prices climbed on Tuesday, pushed up by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although concerns about a potential recession kept markets Continue Reading
Ten years ago, you knew where you stood with your energy suppliers. Oil companies sold road fuel, while utilities supplied electricity and gas. Today, those old lines of demarcation are Continue Reading
Saudi Arabia has been signaling for weeks that it is and will be doing whatever it takes to rebalance the oil market by slashing exports and pumping well below its Continue Reading
South Korean government officials are expected to press for extending a sanctions waiver on Iran’s petroleum exports that expires in May on a visit to Washington this week. South Korea’s Continue Reading
Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC, people familiar with the matter said, at a time Continue Reading
At least 18 people were killed and around 100 others were injured in flash floods in Iran’s southern Fars province, the semi-official Tasnim news agency reported on Monday, with more Continue Reading
The governor of Khuzestan, the biggest oil-rich province in Iran, has banned government officials from leaving it despite the danger of floods in the region, Radio Farda reports , citing Continue Reading
Security forces at the Alaas field in northern Iraq have thwarted an attack by Islamic State militants, killing and injuring several attackers, Iraqi media report citing a statement from the Continue Reading
The US government on Monday warned the oil shipping industry to avoid violating sanctions against Syria and Iran by scrutinizing vessel histories and trading partners. The advisory includes a list Continue Reading
Libya’s National Oil Corporation on Monday said it was backing demands by its unionized workers for a 67% salary increase that has been promised by the government since 2013, as Continue Reading
Oil workers at Sharara, the largest field in Libya which has recently re-opened after a three-month hiatus, have demanded a salary increase of 67 percent as they try to return Continue Reading
On February 15 President Andrés Manuel López Obrador (AMLO) announced the launch of Pemex’s Strengthening Programme, a six-year plan designed to improve the company’s financial position through the liquidation of Continue Reading
Two Russian planes with 100 troops landed in Venezuela this weekend, Reuters reports , citing media reports and flight tracking websites. The move is the latest signal of strengthening ties Continue Reading
Sinopec reported a 76-percent drop in its latest quarterly profit for October-December 2018, which is the lowest since at least the third quarter of 2016, Reuters reports , citing the Continue Reading
China’s liquefied natural gas (LNG) imports increased in February compared to the same month last year, but fell from the record highs from January as the winter heating season approaches Continue Reading
China’s gasoline exports in February fell to a three-year low, a sharper decline than analysts had expected, latest data from General Administration of Customs showed. Receive daily email alerts, subscriber Continue Reading
Oilfield services provider Schlumberger will focus on monetizing existing full-field production management contracts in the near to medium term and will not undertake new such deals in the meantime, chairman Continue Reading
The U.S. Gulf Coast’s most important industrial waterway partially reopened on Monday after it was polluted with cancer-causing benzene and toxic runoff from the region’s worst chemical disaster in more Continue Reading
When Alberta’s government announced obligatory oil production cuts last December, it was a desperate attempt to arrest a price slide of the local crude benchmark that had led to discounts Continue Reading
The US Coast Guard has ordered pilots to stay at least 30 minutes apart as clean-up continues. (Bloomberg) — The U.S. Gulf Coast’s most important industrial waterway partially reopened on Continue Reading
The fuel economy of cars and other light-duty vehicles has slowed down in recent years. After improving by an average of 1.7% per year from more than a decade, fuel Continue Reading
European primary gas demand fell 1.9% to 599 Bcm in 2018, while renewable power generation grew 8.5% to 1,462 TWh, the International Energy Agency said in a report Tuesday. Receive Continue Reading
As America’s Russia hysteria is stirred once again by the arrival of the long-awaited report of the U.S. Department of Justice into Russian meddling in the 2016 presidential election, a Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Monday, pressured by lingering fears of a global economic slowdown, despite some support seen for supply-side fundamentals.At 10:45 am Singapore Continue Reading
Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil Continue Reading
