Sabine Pass Project Hits Milestone
Cheniere Partners says the newest SPL train was completed ahead of schedule and within budget. Train 5 of the Sabine Pass Liquefaction (SPL) Project in Cameron Parish, La., achieved the Continue Reading
French government working on ‘more ambitious’ energy and climate bill
A draft energy and climate law due to be presented to French cabinet ministers on Monday has been postponed so that it can be reworked with more ambitious environmental goals, Continue Reading
How a Russian Gas Pipeline Is Driving a Wedge Between the U.S. and Its Allies
The German-Russian pipeline project had been a bone of contention between Berlin and Washington, which fears it will make Europe’s largest economy excessively reliant on Russian energy. When the German Continue Reading
Is This A Precursor For Peak Oil Demand?
The $1 trillion sovereign wealth fund of Norway may sell off all of its shares in oil producers. The move is a shot across the bow for the oil industry. Continue Reading
Is Norway’s Oil & Gas Selloff A Mistake?
Another big step has been taken to end the hydrocarbon era, if the decision by Norway’s sovereign wealth fund to dump oil stocks and investments is a sign on the Continue Reading
Oil drops 1 percent as economic outlook weakens, U.S. supply surges
Oil prices fell about 1 percent on Friday after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil. With surging U.S. oil supply Continue Reading
Oil Prices Sink On Negative Economic Data
Oil prices sold off on Friday on weak data from China, poor jobs figures in the U.S., and news that Norway’s sovereign wealth fund was divesting from the oil sector. Continue Reading
Oil Police interdict Kirkuk-area smuggling operation
Iraqi Oil Police fought a two-hour gun battle with smugglers tapping a remote well in the Jambur oil field this week, the latest incident in an uphill battle the Iraqi Continue Reading
Saudi Arabia’s Feb crude oil output 10.1 million b/d, March to go lower: official
Saudi Arabia produced 10.1 million b/d of crude oil in February, well below its quota under an OPEC/non-OPEC supply accord of 10.31 million b/d, an official in the kingdom told Continue Reading
Libyans fear showdown as eastern commander eyes capital
Forces from eastern Libya who have swept through the south and taken control of remaining oilfields in recent weeks have now reinforced a base in the center of the country Continue Reading