The number of LNG tankers through the expanded Panama Canal in 2018 increased 77% year on year, according to the Panama Canal Authority. Looking at the volume of LNG carriers Continue Reading
Curacao’s state-owned Isla oil refinery, which is operated by Venezuelan state-run company PDVSA, has received an exemption from U.S. sanctions on PDVSA, the Caribbean island’s government said in a statement Continue Reading
The United States in January imposed sanctions on Venezuela’s most important global business – producing and selling crude oil – as the Trump administration ratcheted up its bid to force Continue Reading
The oil markets are shrugging off the threat to global oil supplies from Iran and Venezuela, with rising U.S. inventories assuaging concerns about market tightness. The failed coup attempt in Continue Reading
Houston’s Apache Corp. said Wednesday it lost $47 million in the first quarter versus a $145 million profit during the first three months of 2018. Despite the financial loss, Apache Continue Reading
WASHINGTON (Reuters) – Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals in the near future due to underinvestment in the mining sector, the company’s head Continue Reading
The Trump administration unveiled on Thursday its final plan to roll back offshore drilling safety measures put in place by the Obama administration after the fatal 2010 BP Deepwater Horizon Continue Reading
Exxon Mobil Corp plans to invest an additional $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on Thursday. Exxon will add a Continue Reading
Canada’s Suncor Energy produced record volumes of synthetic crude oil in the first quarter, the company said on Thursday, as it sought to maximize high-value production to offset the impact Continue Reading
House Democrats, seeking to move beyond internal divisions over how best to combat climate change, passed legislation Thursday aimed at preventing President Trump from exiting the Paris Agreement. The bill, Continue Reading
Iran, Venezuela, Libya. The threats to global oil supplies are well known, reading like a laundry list of the world’s hotspots afflicted by sanctions, strife, and civil war. But over Continue Reading
Beto O’Rourke, a Democratic presidential candidate, has signed a pledge to not accept any campaign donations from the oil and gas industry, and to return donations received since the start Continue Reading
A junior Canadian gas E&P company has shut down abruptly, leaving as many as 4,700 wells behind, CBC reports , quoting the Alberta Energy Regulator, which said it had sent Continue Reading
As the acquisition war rages on over Anadarko, some analysts are suggesting that there will be additional mergers and acquisitions as major oil companies seek to increase their foothold in Continue Reading
President Donald Trump’s executive orders will provide US pipeline companies with the certainty they need to advance their natural gas infrastructure projects through federal and state permitting reviews, the top Continue Reading
Shell is keen to grow its US shale oil portfolio but does not feel pressured to chase new acquisitions, as Occidental and Chevron battle for control of Anadarko’s Permian-rich upstream Continue Reading
The Trump administration is giving oil companies more flexibility when drilling offshore, by easing Obama-era mandates imposed in response to the 2010 Deepwater Horizon disaster. (Bloomberg) — The Trump administration Continue Reading
Petrobras had been the sole owner of the facility since 2008. Chevron U.S.A. Inc. (CUSA) has completed its $350 million acquisition of Pasadena Refining System, Inc. (PRSI) and PRSI Trading Continue Reading
New York — HollyFrontier bumped up the amount of sour crude processed in its Permian Basin-fed Navajo refinery in Artesia, New Mexico, in the first quarter of 2019 to 75% Continue Reading
The US active rig count bounced back this week as operators deployed an additional 18 oil and natural gas rigs to lift the total to 1,084 in the week that Continue Reading
Royal Dutch Shell ( NYSE: RDS.A ), one of the last supermajors to report Q1 earnings, was the one that stood out among the crowd with better-than-expected results, as its Continue Reading
In the wake of the Extinction Rebellion riots that led to more than a thousand arrests with people gluing themselves to buildings and vandalizing the Shell HQ, a panel has Continue Reading
Russian crude entering Eastern Europe via Belarus has been restored to normal quality more than a week after a major contamination incident halted flows of the key Urals oil exports Continue Reading
U.S. exports of liquefied natural gas (LNG) to Europe have surged by 272 percent since July 2018, when the United States and the European Union (EU) pledged to boost their Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday amid a build reported in last week’s US crude inventory, while market participants were awaiting for the impact from Continue Reading
Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles. Outside the United States, however, oil markets remained tense as exemptions Continue Reading
Crude oil traded lower today after the Energy Information Administration reported a substantial build in crude oil inventories, at 9.9 million barrels for the last week of April. The report Continue Reading
Economists have jacked up the projection for U.S. light crude to average $60.23 per barrel in 2019 from a $58.92 forecast in March in the second and most bullish upwards Continue Reading
The world is not going to run out of oil. There is plenty of it. In fact, there is likely way more oil than we need, and much of it Continue Reading
The World Economic Forum (WEF) said last week that offshore wind energy is one of the most underused resources, with less than one-tenth of wind power based offshore . However, Continue Reading
Definition of Hyperbole Hyperbole, derived from a Greek word meaning “over-casting,” is a figure of speech that involves an exaggeration of ideas for the sake of emphasis. IPCC demands Peak Continue Reading
It is one of most popular plans among economists for addressing climate change. Many Democrats have embraced it. Even some Republicans have come around to the idea. But a carbon Continue Reading
Farmers and ranchers in Australia’s New South Wales have been struggling through several years of drought that dried out the soil. Credit: Brook Mitchell/Getty Images Global warming has been fueling Continue Reading
Iran’s oil minister hit out on Wednesday against the use of oil sanctions “as a weapon” by the United States and the damage it was doing to OPEC, according to Continue Reading
The Organisation of the Petroleum Exporting Countries, Russia and other producers will be looking to extend their oil output cut agreement when they meet in June, Oman’s energy minister Mohammed Continue Reading
Crude oil production from OPEC declined to the lowest in four years last month, a Reuters survey has suggested, largely because of the continued fall in Venezuelan output and lower Continue Reading
OPEC tries to depoliticize oil, the producer group’s secretary-general was quoted by the Iranian oil ministry as saying on Thursday, following accusations by Iran that the United States is using Continue Reading
In among the multitude of threats that Iran has made public since the US sanctions on Iran were levied, Iran has now heralded the collapse of OPEC, if OPEC members Continue Reading
OPEC and other oil producers in the cuts pact are following developments in Venezuela and other countries to ensure an energy crisis is avoided, Secretary General Mohammed Barkindo said Thursday. Continue Reading
Qatar, which hosts the largest U.S. air base in the Middle East, has spoken out against Washington’s decision to block all exports of Iranian oil, saying unilateral sanctions were unwise Continue Reading
It’s no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can’t buy oil from. And in the latest example of just Continue Reading
Heightened volatility in oil prices as well as political instability will combine to pressure economic growth in the Middle East, the International Monetary Fund warned in the latest edition of Continue Reading
Haftar Could Theoretically Take Over Libya’s Oil Exports Without Tripoli As General Haftar continues his offensive designed to take control of Tripoli and oil revenues, he is using the National Continue Reading
Highlights Months-long wind down of Iranian crude purchases expected US has given no indication of sanctions leeway Debt, equity trade might be permitted Washington — The Trump administration’s push to Continue Reading
The small West African country Gambia has awarded BP the exploration rights to drill for oil and gas in an offshore block which another company claims it has the rights Continue Reading
A Dutch court on Wednesday ruled in favour of four Nigerian women who sued oil giant Shell. The women, including Esther Kiobel, sued Shell for its alleged role in the Continue Reading
Thousands of marchers began street protests on Wednesday to try to force leftist Venezuelan President Nicolas Maduro from power as tension grew between Russia and the United States over the Continue Reading
The Panama Canal Authority has reduced the maximum authorized draft for vessels transiting the Neopanamax locks for the fifth time this year, following a serious drought that has reduced water Continue Reading
Vietnam’s 148,000 b/d Dung Quat refinery has received its first cargo of US crude oil, an official at refinery operator Binh Son Refining and Petrochemical said Wednesday. The Suezmax vessel Continue Reading
The second U.S. shale oil drilling boom has started to cool as a decline in oil prices since the end of the third quarter of 2018 filters through to lower Continue Reading
