The lack of natural gas pipelines from the booming Permian Basin will hinder oil producers in the region at least deep into 2020, according to a new report from Moody’s Continue Reading
The U.S. Environmental Protection Agency will unveil a proposal to speed state-level permitting decisions for energy infrastructure projects soon, the agency’s chief told Reuters on Thursday, blasting states that have Continue Reading
Trump signed two executive orders to streamline and speed up the permitting of oil and gas pipelines, a move intended to weaken states’ rights and the ability of state governments Continue Reading
Last week Saudi Aramco — the national oil company of Saudi Arabia and the world’s largest oil company — lifted a veil of secrecy around the company’s operations. For the Continue Reading
Electric car battery sales are projected to hit $60 billion by 2030, and Germany wants to grab the lead . That will be a tall wall to climb, with Chinese, Continue Reading
Despite losses on Thursday, oil is set to close out a sixth consecutive week of price gains. The market has been steadily tightening for quite some time, but the instability Continue Reading
i Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese Continue Reading
WASHINGTON, March 19, 2018 – The worsening impacts of climate change in three densely populated regions of the world could see over 140 million people move within their countries’ borders Continue Reading
The Middle East is heading for a crisis in its oil industry. Unfortunately, the market doesn’t realize there is any danger on the horizon because it mainly focuses on how Continue Reading
India imported about 5 percent more oil from Iran in the last fiscal year through March as companies raised purchases ahead of U.S. sanctions against Tehran from November, preliminary tanker Continue Reading
Days before Libyan military commander Khalifa Haftar launched an offensive to seize the capital and attempt to unite the divided country under his rule, Saudi Arabia promised tens of millions Continue Reading
Hundreds of thousands of Algerians took to the streets Friday in one of the largest demonstrations the country has seen since its president resigned last week, demanding that the interim Continue Reading
Libya’s oil production is under threat from renewed fighting between warring armed groups and the situation could become as bad as it was during the 2011 civil war, the National Continue Reading
The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil companies Continue Reading
Washington DC — The International Monetary Fund (IMF), yesterday in Washington DC, United States, declared that Nigeria’s Excess Crude Account (ECA) was not achieving the goals for which it was Continue Reading
Huang Lincai is a cheery 23-year-old with a lot of optimism — even though he recently lost his job. For nearly four years, he worked in one of the three Continue Reading
The United States on Friday announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the U.S. Treasury Department said Continue Reading
Chinese independent refiner Shandong Haiyou Petrochemical Group aims to restart its key crude oil unit in June, a year after it was idled following a bankruptcy filing, according to four Continue Reading
New data from the Energy Information Administration (EIA) revealed that demand skyrocketed to 9.8 million b/d last week. The estimate is approximately 700,000 b/d more than the previous week and Continue Reading
Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its Continue Reading
The United States approved nearly 40 percent more oil and gas drilling permits on public lands in 2018 than it did the previous year thanks to an automated online system Continue Reading
Chevron Corp. has agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that expands its shale-drilling ambitions and places it just behind Exxon Mobil Corp. as one of Continue Reading
Rex Tillerson stood under a 32-foot pipe organ at the Morton H. Meyerson Symphony Center in Dallas, explaining how the world worked. It was May 2015, in the middle of Continue Reading
The U.S. crude oil production juggernaut continues to move forward. In 2018, U.S. production increased 17 percent over the previous year in a dynamic that is impacting both geopolitics as Continue Reading
Chevron Corporation said on Friday that it had entered into a definitive agreement to buy Anadarko Petroleum Corporation in a stock and cash transaction valued at US$33 billion that will Continue Reading
Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. The American energy giant said some of the oil Continue Reading
The nation added two oil rigs and dropped five gas rigs. Coming off a week of adding 19 oil and gas rigs , and the first rig increase in seven Continue Reading
Chevron Corp. has agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that expands its shale-drilling ambitions and places it just behind Exxon Mobil Corp. as one of Continue Reading
By local standards, Alaska has been sweltering this spring. Temperature records have been set across the state, including in Kotzebue, where the thermometer reached 42 degrees Fahrenheit on the last Continue Reading
The the number of active oil and gas rigs fell in the United States this week according to Baker Hughes. The total number of active oil and gas drilling rigs Continue Reading
When Norway’s largest political party decided that the Lofoten Islands in the north should not be opened up to oil exploration, a chill ran down the spine of the energy Continue Reading
When they really wanted to rile up conservative voters this spring, the politicians from Finland’s nationalist party made a beeline for the rawest subject in this year’s general election. No, Continue Reading
The largest party in Norway ’s parliament has delivered a significant blow to the country’s huge oil industry after withdrawing support for explorative drilling off the Lofoten islands in the Continue Reading
Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela. Despite strong price increases Continue Reading
Oil prices ran into a brick wall on Thursday, falling more than 1 percent on news that U.S. inventories jumped and OPEC may be considering an exit from its production Continue Reading
Crude oil futures remained supported during mid-afternoon trade Friday on the back of tighter supply on the OPEC-led production cuts coupled with supply disruptions from Venezuela and Iran as a Continue Reading
OPEC could raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying because extending production cuts with Russia and other allies could overtighten the Continue Reading
Saudi Arabia’s crude oil production slumped to the lowest in two years as the Kingdom doubled down on efforts to boost prices, the International Energy Agency said in the new Continue Reading
Omar al-Bashir, long-term President of Sudan, was toppled from power by the military on Thursday and placed under “heavy guard”, following months of protests against the government and its handling Continue Reading
Libya’s oil and gas exports are facing the biggest threat since 2011 given the scale of the fighting and the aftermath of the conflict in the country, Libya’s National Oil Continue Reading
The future of Algeria’s oil industry was called into question earlier this week as its political crisis took hold, and now its future is even more suspect, as its state-run Continue Reading
The Basra Provincial Council has voted to hold a referendum on creating a new federal region, as local politicians reopen an old populist playbook in response to enduring anger over Continue Reading
The removal of long-time Sudanese dictator Omar Bashir by the Sudanese army has been hailed by some as a sign of a new “Arab Spring”. From a Western point of Continue Reading
No fewer than 800 companies have bid for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Ibe Kachikwu, has said. Mr K.achikwu Continue Reading
The International Monetary Fund (IMF) has advised Nigeria and other countries still subsidising fuel for domestic consumption to stop doing so. The IMF said fuel subsidy removal would help boost Continue Reading
The Federal Government, Thursday, disclosed that it is working on a legislation, through the Department of Petroleum Resources, DPR, to compel petroleum products marketers to set up gas filling plants Continue Reading
US residual fuel oil exports to Panama totaled 943,000 barrels in January, up more than three times from 303,000 barrels in the year-ago month, Energy Information Administration data showed Thursday. Continue Reading
Up to 200 million pigs could be culled or die from being infected as African swine fever spreads through China, Rabobank said, by far the highest such forecast yet and Continue Reading
BP is set to become the latest international major to quit drilling for shale gas in China because of poor exploration drilling results so far, Reuters reported on Thursday, citing Continue Reading
The Senate on Thursday voted to confirm David Bernhardt, a former lobbyist for the oil and agribusiness industries, as secretary of the interior. The confirmation of Mr. Bernhardt to his Continue Reading
