Belarus began pumping contaminated oil towards Russia on Friday and by the end of Sunday it had pumped out 80,000 tonnes of it, Belarus state energy company Belneftekhim said on Continue Reading
Oil prices rose early on Friday, recovering from Thursday’s plunge that sent both WTI and Brent to their lowest levels in nearly two months, but prices are still poised to Continue Reading
Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising Continue Reading
The the number of active oil and gas rigs fell again in the United States this week according to Baker Hughes, after a string of losses in the weeks prior, Continue Reading
It has been a dismal week for oil prices despite a slight recovery on Friday morning, but there may be a silver lining to the most recent price crash. Investor Continue Reading
A new border crossing between Iraq and Syria is under construction in an area controlled by Iran-affiliated militias, Fox News reports , citing satellite images revealing construction works at the Continue Reading
Libya’s state-run National Oil Corp (NOC) plans to start developing the North Hamada oilfield, in the northwest of the country, NOC said in a statement on Friday. “A technical team Continue Reading
Three PDVSA tankers that are late with payments to German operator Bernhard Schulte Shipmanagement (BSM) are being detained, according to Reuters sources, as BSM gives up on waiting for payments Continue Reading
Vietnam has become a hot spot for energy investors eying a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to Continue Reading
(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as weaker oil prices encourage drillers to follow through Continue Reading
Former Maryland Congressman John Delaney has become the latest in a growing list of Democratic presidential candidates pledging trillions in climate change fighting initiatives, CNN reports , citing Delaney’s US$4-trillion Continue Reading
The retirement of several nuclear power plants in the Northeast over the next year and a half is expected to create an opportunity for natural gas-fired power generation. Receive daily Continue Reading
The U.S. dropped five oil rigs and gained one gas rig for a net loss of four rigs this week. The U.S. dropped oil rigs for the third week in Continue Reading
Senior economist for the Dallas Fed shares how oil and gas companies can spend less money, keep the rig count flat and grow production. How can oil and gas companies Continue Reading
Sunset in the Permian Basin, the world’s #1 producing oilfield and the big prize in the Occidental/Anadarko deal. Getty I’ve long been a believer that there’s always opportunity in the Continue Reading
Germany is not planning to tap its strategic oil reserves but is monitoring the local fuel supply situation closely, the country’s economy economic and energy ministry said Friday, faced with Continue Reading
Russia will pump dirty crude oil back from Belarus as it tries to clear a major pipeline of the contaminated oil that has caused the worst ever disruption to its Continue Reading
France’s oil and gas major Total is looking to sell a third of its 17-percent interest in the giant Kashagan oil field in Kazakhstan, aiming to raise up to US$4 Continue Reading
London — French power prices this summer will be influenced by unprecedented conditions surrounding the availability of the nuclear fleet and low levels of hydro stocks, S&P Global Platts Analytics Continue Reading
On Monday morning staff based at BP’s head office in central London woke to find that their building had been blockaded by climate protesters. Greenpeace activists put five large steel Continue Reading
Oil prices recouped around 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big Continue Reading
Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six Continue Reading
Energy ministers from OPEC and its allies met to discuss prices and production cuts, in Jiddah, Saudi Arabia, Sunday, May 19, 2019. The meeting took place as tensions flare in Continue Reading
Iran will not surrender to U.S. pressure and will not abandon its goals even if it is bombed, President Hassan Rouhani said on Thursday, stepping up the war of words Continue Reading
Iran’s oil storage on land and at sea is on the rise as U.S. sanctions on exports bite and Tehran battles to keep its aging fields operational and crude flowing, Continue Reading
Iraq’s unresolved oil disputes are once again garnering attention from members of Parliament, who are voicing criticism of an informal political deal that has helped increase the federal government’s crude Continue Reading
The Somali government says it’s not ready to take any action that could threaten its relationship with its neighbor Kenya. The announcement comes amidst simmering tensions over potential offshore oil Continue Reading
India has officially ended all oil imports from Iran, India’s Ambassador Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi has managed to emerge victorious from India’s elections, Continue Reading
The United States told some large trading houses this week they should stop trading jet fuel with Venezuela or face sanctions, ratcheting up pressure aimed at removing Venezuelan President Nicolas Continue Reading
German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA’s oil tankers to collect on late payments owed to it by the state-run oil Continue Reading
The world’s newest offshore hotspot, Guyana, is in the early stages of a probe into how oil exploration rights were awarded for oil blocks that are currently controlled by ExxonMobil Continue Reading
Venezuela has increased oil supplies to ally Cuba in May four-fold as US sanctions severely limit exports to other countries, PDVSA documents show. According to the documents, seen by S&P Continue Reading
The United States has resumed—at least for the time being—oil imports from Venezuela, according to new data published by the Energy Information Administration (EIA). The United States saw a decrease Continue Reading
As the U.S. finds itself embroiled in a host of problems around the world, from trying to convince North Korea to come back to the bargaining table, to ramping up Continue Reading
Thailand’s Energy Ministry has asked regulators to keep a close eye on developments in the Middle East lest these cause an oil and gas shortage in the import-dependent country, local Continue Reading
WTI fell below $60 per barrel for the first time in two months, dragged down by growing fears of a global economic slowdown. Oil had been stuck between geopolitical risk Continue Reading
Royal Dutch Shell has started producing oil and gas at its Appomattox deep water platform in the Gulf of Mexico, one of the largest projects launched in the basin in Continue Reading
In recent months, several Republicans have rallied around a single idea when describing their plans to address climate change: innovation. They argue that investing in new technology — including in Continue Reading
Canada’s oil sands produce some of the dirtiest oil on the planet. Their abnormally high carbon emissions have earned Albertan oil a soiled reputation not just among environmentalists, but among Continue Reading
U.S. grid-connected energy storage capacity this year is set for a twofold increase to 712 MW from 376 MW last year. What’s more, between 2019 and 2024, storage capacity will Continue Reading
Highlights Outlook sees up to 15 named storms, eight hurricanes Rising US oil, gas exports add to energy sector risks Demand destruction remains top power concern Washington — The US Continue Reading
After years of pursuing a strategy of mostly tiebacks in the deepwater Gulf of Mexico during the recent industry downturn, BP said it will also now begin adding frontier exploration, Continue Reading
From 2017 to 2018, the number of acres sold non-competitively more than doubled, from roughly 141,000 to nearly 379,000. (Bloomberg) — The Trump administration’s auction of drilling rights on roughly Continue Reading
Wood Mackenzie outlines the next most likely takeover targets in the Permian right now. The next most likely takeover target in the Permian right now is Endeavor Energy Resources, according Continue Reading
Royal Dutch Shell said on Thursday that it had started oil production at its Appomattox floating production system months ahead of schedule, opening a new frontier in the deepwater U.S. Continue Reading
Highlights Maryland sets 50% by 2030 RPS 0goal East Coast could have almost 9 GW of capacity by 2030 New York — ISO New England is conducting three economic studies Continue Reading
MOSCOW (Reuters) – Russia is using rail, storage tanks and ships to remove contaminated oil from an export pipeline, and has so far extracted around 2 million tonnes of the Continue Reading
Offshore drilling contractor Seadrill is considering selling non-core assets, including its 15.7% stake in oil service firm Archer, to reduce its liabilities, the firm’s outgoing chief financial officer said on Continue Reading
There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline. The pipeline under construction would carry Russian natural gas to Germany, and Continue Reading
Norway’s crude oil production slipped to 1.38 million bpd in April from 1.387 in March and 1.531 million bpd a year ago, the Norwegian Petroleum Directorate reported this week. The Continue Reading
