Iran moved on Saturday to evacuate more towns and villages threatened by floods after continued rain in the southwest of the country, state television reported, as the nationwide toll from Continue Reading
Iranian President Hassan Rouhani called on Saturday for Iran and neighboring Iraq to expand their gas and electricity trade and work towards fulfilling a plan to connect their railroads. “The Continue Reading
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of Continue Reading
A mounting conflict in Libya is threatening to upset the global supply of oil at a time when prices are booming, and increases the likelihood that the U.S. will renew Continue Reading
Libya edged closer to full-blown civil war on Friday as forces of an eastern commander clashed with pro-government militias near the capital, Tripoli, and an effort by the U.N. chief Continue Reading
Forces loyal to the Tripoli government have reportedly come from Misrata to help defend the capital World powers and the United Nations have condemned fresh fighting in Libya as rebel Continue Reading
Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu has said that he isn’t aware of any plans of U.S. oil and gas supermajor ExxonMobil to exit upstream operations in OPEC’s African member. Continue Reading
A cargo of Nigeria’s distillate-rich Bonga crude is due to move to the United States (U.S.) from the May loading programme, traders have disclosed, after a near six-month hiatus. According Continue Reading
The Minister of State for Petroleum Resources, Ibe Kachikwu has tasked indigenous operators to step up their investments and take over major operations from international oil companies, especially as many Continue Reading
Yenagoa — The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has tasked indigenous operators in the oil and gas sector to step up their investments and take over Continue Reading
The president’s first term fell short of the changes needed to modernize the sector. Can he make headway in his second? Muhammadu Buhari, re-elected as president of Nigeria in February, Continue Reading
Venezuelan PDVSA expects a sharp decline in oil production this month with the four upgraders operating in the country running a lot lower than capacity, Reuters reports citing company documents Continue Reading
The US will sanction 34 vessels owned or operated by PDVSA and two companies that move Venezuelan crude to Cuba, Vice President Mike Pence said Friday. Receive daily email alerts, Continue Reading
Vice President Mike Pence announced that the United States will add 34 PDVSA owned or operated vessels to the sanctions list on Friday, according to Reuters. The announcement came during Continue Reading
Washington — Attempts by Venezuela’s creditors to use the US court system to auction off Citgo assets for repayment of old debts should be blocked, lawyers for the administration of Continue Reading
Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country’s crude production by half, according to people familiar with the situation. Rolling blackouts across Continue Reading
Photo: Orinoco basin map, Venezuela. CARACAS (Bloomberg) — Rolling blackouts across much of the country that started on March 7 paralyzed most of the country’s oil wells and rigs, which Continue Reading
FILE PHOTO: U.S. Vice President Mike Pence listens as President Donald Trump meets with Fabiana Rosales, wife of Venezuelan opposition leader Juan Guaido, in the Oval Office at the White Continue Reading
(Reuters) – U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle Continue Reading
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous Continue Reading
NEW YORK (Reuters) – After Texas pushed the United States over the last decade to become the world’s biggest oil producer last year, the heart of the shale revolution is Continue Reading
(Reuters) – U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks after oil futures soared nearly 40 percent this year. Continue Reading
The the number of active oil and gas rigs rose by 19 after two weeks of big losses in the United States this week according to Baker Hughes, in a Continue Reading
Washington — The California Air Resources Board Friday filed suit to compel the Trump administration to release data and analysis behind a proposal to freeze fuel economy standards for cars Continue Reading
The U.S. added 15 oil rigs and four gas rigs for a net gain of 19 rigs this week, BHGE reports. After six consecutive weeks of declines, the U.S. finally Continue Reading
California is escalating its battle with the Trump administration over cars and climate change, filing suit Friday to demand that two federal agencies release data they used to justify a Continue Reading
Utilities eye nuclear, hydro to meet ambitious goals But the last 10%-20% of emissions will need new tech Washington — States are ramping up their mandates for clean and renewable Continue Reading
Weeks after Norway’s government proposed that the country’s US$1-trillion fund divest from pure exploration and production oil companies, the cabinet said on Friday that it will allow the world’s biggest Continue Reading
Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by worries about progress in the U.S.-China trade talks. International benchmark Continue Reading
Brent oil prices rose on Thursday, briefly touching $70 a barrel for the first time since November as expectations of tight global supply outweighed pressure from rising U.S. production and Continue Reading
As oil prices approach $70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a Continue Reading
The order to march on the capital came as Antonio Guterres, the UN secretary general, was in the city to push for a political solution that includes a national conference, Continue Reading
Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Continue Reading
Rescue operations are under way across Iran as the death toll from severe flooding has reached more than 60. There are new warnings that dams in some areas could overflow, Continue Reading
Gen Haftar’s forces were pictured in the southern town of Sebha last month The leader of forces in eastern Libya has ordered them to march on the capital Tripoli, the Continue Reading
Forces loyal to Libya’s eastern strongman General Khalifa Haftar are advancing west toward the capital Tripoli in a renewed confrontation between the rival administrations that could escalate and threaten to Continue Reading
What does the resignation on April 2, 2019, of Algerian Pres. Abdelaziz Bouteflika mean for the future of his country and the region, and why was the Algerian military so Continue Reading
Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu admitted that reducing oil production to the quota assigned by OPEC is a challenge, not least because of the start of production at the Continue Reading
Tanzania’s government will start this month talks with major international firms to define the commercial terms for a deepwater liquefied natural gas (LNG) project off the coast of the east Continue Reading
The Nigeria National Petroleum Corporation (NNPC) has pledged to deepen its search for oil in the north. The corporation has also described the Dangote Refinery, currently under construction, as a Continue Reading
US LPG is being exported directly to India in a new evolution of global trade flow, with four Very Large Gas Carriers laden with LPG set to reach India in Continue Reading
The Supreme Court of Canada on Thursday dismissed claims attempting to force Chevron Corp’s Canadian unit to pay a $9.5 billion judgment handed down in Ecuador against the U.S. oil Continue Reading
Venezuelan state-owned oil company PDVSA expects its crucial crude upgraders to operate well below capacity this month, according to industry sources and documents seen by Reuters, as U.S. sanctions and Continue Reading
Jakeline Moncada had faith that her household reserves would hold out until Venezuela’s water service was restored. But two nationwide blackouts and now the rationing of electricity have kept the Continue Reading
Chevron Canada has emerged victorious from a bitter battle over a decades-old court case in which thousands of Ecuadorian residents collectively sued Chevron for alleged water and soil contamination. The Continue Reading
(Reuters) – Backstory is a series of reports showing how Reuters journalists work and the standards under which they operate. Locals gather at a street food cart during a blackout Continue Reading
South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum Corp as a substitute for Iranian crude while it awaits word from Washington on whether it can keep Continue Reading
What a difference just a few years can make. In the aftermath of the 2011 Fukushima nuclear disaster that eventually saw Japan’s 50 nuclear reactors shut down due to safety Continue Reading
WASHINGTON—The U.S. and China are aiming to reach a trade deal in the next four weeks, President Trump said, though he failed to announce a much-anticipated summit with Chinese leader Continue Reading
At the Vogtle power plant near Augusta, Georgia, the first new large nuclear reactors to start construction in the US for more than 30 years are taking shape. Units 3 Continue Reading
