The oil and gas sector is facing a stiff competition in attracting young talent in science, technology, engineering, and mathematics (STEM) because Millennials and Generation Zs are most interested in Continue Reading
Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields. (Bloomberg) — Exxon Mobil Corp. plans to Continue Reading
British oil major BP successfully lobbied the Trump administration to roll back key climate regulations preventing the release of methane into the atmosphere, despite claiming to support the Paris agreement Continue Reading
A Carlyle Group $1 billion deepwater crude export project faces a delay of up to 18 months after regulators called for a full environmental review, officials said, a setback in Continue Reading
The U.S. Treasury on Thursday gave U.S. refiner Citgo Petroleum Corp a further 18 months to buy crude and make debt payments while under sanctions against its parent, Venezuelan state-run Continue Reading
The Organization of Petroleum Exporting Countries will once again become a nemesis for U.S. shale if the U.S. Congress passes a bill dubbed NOPEC, or No Oil Producing and Exporting Continue Reading
Oil prices jumped to their highest level since November this week, and the Trump administration deserves a lot of the credit. Sanctions on Iran and Venezuela together have combined to Continue Reading
The oil industry has suddenly grown concerned about its methane emissions. In Houston, Shell executives urged the EPA to stick with federal regulations on methane. EOG Resources has agreed to Continue Reading
This week I am creating slides for a presentation I am giving in California later this month. While researching the material, I took a closer look at the history of Continue Reading
Houston — A “tsunami” of battery storage is set to sweep across the US in the coming years, a developer said Thursday during CERAWeek by IHS Markit in Houston. Receive Continue Reading
Volkswagen’s ID. electric vehicle, the first to be based on the MEB, will be presented at the IAA later this year, with pre-bookings for the launch edition opening on 8 Continue Reading
Brent crude oil prices rose on Thursday to their highest since mid-November last year, pushed up by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran. An unexpected dip Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Wednesday after latest weekly data showed an unexpected drawdown in US crude stocks, while OPEC producers were expected to keep Continue Reading
Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world’s top producer was revised Continue Reading
The oil industry is starting to feel the pressure of climate change. Oil executives, by and large, have not been swayed to change their business practices despite years of warnings Continue Reading
Iran has lost $10 billion in revenue since U.S. sanctions in November have removed about 1.5 million barrels per day (bpd) of Iranian crude from global markets, a U.S. State Continue Reading
The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases Continue Reading
Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major Continue Reading
Iraq’s federal government has roughly doubled the amount of its monthly transfer to the autonomous Kurdistan Regional Government (KRG) — a sign of a deepening relationship of interdependence between Baghdad Continue Reading
The US could extend waivers from sanctions on Iranian crude and product purchases if current sanctions on Venezuela significantly impact global oil supply and prices, Brian Hook, the US State Continue Reading
A principal suspect in the controversial Malabu oil scandal on Wednesday appeared as a witness before an Italian court in Milan. Abubakar Aliyu is alleged to have acted as a Continue Reading
Italy’s oil and gas major Eni said on Wednesday that it had made a major oil discovery in Angola’s deepwater in a find that could help the African OPEC producer Continue Reading
Pakistan is eager to open up its gas deposits to foreign energy companies in a bid to boost domestic production amid soaring demand, two government officials told media this week. Continue Reading
Mexico’s state-run Pemex could delay to next year a call to energy companies to form joint ventures planned for October, amid government complaints that these firms have not invested quickly Continue Reading
Venezuela’s main oil export terminal, Jose, has resumed operations and a shipment of crude for export left its docks for the first time since a blackout halted its main activities Continue Reading
US sanctions on PDVSA, which Trump administration officials estimate could cut oil Venezuelan output by roughly 600,000 by the end of 2019, were designed to prevent further damage to Venezuela’s Continue Reading
The Panama Canal Authority’s new maximum draft restriction of 45 feet, or 13.72 meters, could impede the transit of Aframaxes and Long Range 2 tankers through the Neopanamax Locks, as Continue Reading
Ordinary people in Venezuela are bearing the brunt of the ongoing power struggle in the country and last week’s blackout. While the power outage in the country which holds the Continue Reading
Mexico’s President Andrés Manuel López Obrador does not rule out a possible listing of the ailing state oil firm Pemex on the local market. Pemex could also issue a new Continue Reading
Iraq and China are set to finalize a major bilateral agreement that would give investors access to roughly $10 billion worth of financing. The deal is likely to accelerate the Continue Reading
Growth in China’s industrial output fell to a 17-year low in the first two months of the year, pointing to further weakness in the world’s second-biggest economy that is likely Continue Reading
President Trump warned Beijing Wednesday that he would not sign off on a trade deal that didn’t meet U.S. demands, in a sharp departure from his recent optimism. Following a Continue Reading
Chinese factory output slowed to its weakest pace on record early this year, a sign that the economy remained under pressure from US tariffs and weaker domestic demand despite a Continue Reading
China’s refinery crude throughput rose 6.1% year on year to a record high of 12.73 million b/d, or a total of 102.49 million mt, over January and February, preliminary data Continue Reading
The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. While Continue Reading
The United States Environmental Protection Agency has been under pressure from the Trump administration to put together a proposal for how they plan to overhaul the current system of biofuel Continue Reading
U.S. crude oil production will continue to set records, but the pace of growth could be slower than what was thought just a month ago, according to the EIA’s latest Continue Reading
US Energy Secretary Rick Perry said Wednesday that he and the Department of Energy support states that find their nuclear power generating units “worth subsidizing.” Speaking at CERAWeek by IHS Continue Reading
A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively strong demand and an economy humming along – and oil prices are still sharply below the highs seen Continue Reading
From 2017 to 2018, PEV sales doubled in North America, and sales in Europe and China increased 39% and 77%, respectively, according to a new report from Navigant Research. In Continue Reading
Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production. MEG had Continue Reading
“Blatant disrespect” for Russia’s government can now land you in jail, under a new law the country’s legislature has passed. Worried that Russians are increasingly inclined to criticize the state Continue Reading
Volkswagen AG plans to cut as many as 7,000 administrative positions over the next five years amid an industrywide scramble to slash costs and make room on the balance sheet Continue Reading
The group building the Nord Stream 2 pipeline to import Russian gas into Germany is exploring plans to hive off its last 50km into a separate company, a move that Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Wednesday after latest weekly data showed an unexpected drawdown in US crude stocks, while OPEC producers were expected to keep Continue Reading
The American Petroleum Institute (API) reported a surprise draw in crude oil inventories of 2.6 million barrels for the week ending March 8, coming in significantly under analyst predictions that Continue Reading
Oil prices rose early on Tuesday to their highest level this month, supported by the Saudi pledge to continue cutting deeper and a blackout in Venezuela that disrupted its oil Continue Reading
Bullish news from Saudi Arabia sent oil prices higher on Tuesday morning, but market uncertainty still remains. Oil and Gas Prices (Click to enlarge) Rigs Per Basin (Click to enlarge) Continue Reading
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 2.6 million barrels for the week ended March 8, according to sources. The API also reportedly showed Continue Reading
Oil prices edged slightly higher on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while the Continue Reading
