More than half the daily crude production in the U.S. Gulf of Mexico remained offline on Tuesday in the wake of Hurricane Barry, the U.S. drilling regulator said, as most Continue Reading
While Canadian oil producers are scrambling to sell their oil at a fair price due to a pipeline shortage to take away the crude to foreign markets, Canada’s own domestic Continue Reading
After tropical storm Barry passed through the U.S. Gulf of Mexico and made landfall in Louisiana early on Saturday, oil and gas producers began on Monday to slowly restore oil Continue Reading
Some companies may not escape financial trouble this year Receive daily email alerts, subscriber notes & personalize your experience. Register Now To lower costs, some companies have struck merger deals Continue Reading
Law expected to disrupt 150,000-200,000 b/d of crude-by-rail movement Petition may start state, federal jurisdictional fight over crude transport Nearly 16 million barrels of Bakken crude shipped through Washington in Continue Reading
The engine of America’s shale boom is beginning to sputter. Slowing Growth The almost relentless thrust that has doubled crude output from the Permian Basin in three years is showing Continue Reading
Private equity has been ramping up its investment in Permian Basin oil and natural gas production, but the old strategy of selling out after a few years is no more. Continue Reading
Visualization of heat and humidity Friday. (Earth.nullschool.net) A stifling heat wave has begun to take shape across large portions of the United States, with millions likely to see temperatures creep Continue Reading
Russian state gas giant Gazprom’s natural gas exports outside the former Soviet Union declined by 5.6% to 102.8 billion cubic meters (bcm) between Jan. 1 and July 15 compared to Continue Reading
Restrictions on crop irrigation are staggered by region, the ministry said, ranging from a one-day ban each week to a total prohibition of water usage in agriculture. France’s dryness stems Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Tuesday as the impact of Storm Barry started to taper off amid a return of normal production and refining operations Continue Reading
Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set Continue Reading
Oil futures settled lower Monday, shedding risk premiums as Hurricane Barry continued to weaken far inland and Gulf Coast oil operations began to normalize. NYMEX August WTI closed at $59.58/b, Continue Reading
Libya’s oil revenue took a beating in the first half of 2019 , according to its central bank as reported by Reuters. In the first six months of the year, Continue Reading
A natural gas pipeline in central Syria, which is under government control, went out of service on Sunday after militants attacked it, Syria’s state news agency SANA reported . The Continue Reading
The UK will facilitate the release of the Iranian oil tanker detained by Gibraltar earlier this month if Iran gave guarantees that the crude loaded on that vessel wasn’t bound Continue Reading
With a wobbling Gross Domestic Product of $1.8 trillion, countries in Sub-Saharan Africa are on the cusp of economic transformation, with the imminent coming on-stream of the $12 billion Dangote Continue Reading
European Union decisions to curb contacts and funding for Turkey over its drilling for gas and oil off Cyprus will not affect Ankara’s determination to pursue energy activities in the Continue Reading
Oil would initially jump by $15-20 a barrel if Iran blocked the Strait of Hormuz, but prices would ease immediately once U.S. forces engaged, said U.S. consultancy Rapidan, which analyzed Continue Reading
In line with its targets for increasing crude oil production to 6.2 million barrels per day (bpd) by end-2020 and 9 million bpd by end-2023, up from the current 4.6 Continue Reading
A surprisingly muscular response beyond mere threatening rhetoric out of the European Union over Turkey’s violations of Cypriot territorial waters related to offshore drilling operations : the EU has agreed Continue Reading
China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United States because its economy is slowing, saying this was “totally Continue Reading
China’s greenhouse gas emissions jumped by 53.5 percent in the decade between 2005 and 2014, according to Chinese government figures that Beijing is obliged to report as a signatory to Continue Reading
Chinese crude oil throughput hit a new record in June as two new large refineries started up, driving processing rates higher, according to official data from China released on Monday. Last Continue Reading
China’s economy grew at its slowest pace in almost three decades in the second quarter as the trade war with the US took its toll on exports. But resilient domestic consumption Continue Reading
Chinese economic growth slipped to 6.2% in the April-through-June quarter, as measured by gross domestic product, after holding steady at 6.4% in the previous two quarters, official statistics showed Monday. Continue Reading
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Fracking for oil and gas in California is about to get a lot more difficult. Last week, California Governor Gavin Newsom sacked the state’s top oil regulator after the Desert Continue Reading
Approximately 69.08 percent of oil production in the Gulf of Mexico was shut in as of Monday due to Tropical Storm Barry. Approximately 69.08 percent of oil production in the Continue Reading
The oil majors and shale E&Ps will soon begin publishing second quarter results, which will round out a picture of how the industry fared in the first half of 2019. Continue Reading
The decrease in coal-derived energy in favor of natural gas-derived energy has the Energy Information Administration (EIA) forecasting that the CO2 emissions in the United States will fall in 2019, Continue Reading
The California Energy Commission approved nearly $70 million in funding to replace more than 200 old diesel school buses with all-electric buses that will reduce school children’s exposure to harmful Continue Reading
Chevron is seeking approval to modify its plans for a LNG export facility on Canada’s Pacific Coast to an all-electric design. (Bloomberg) — Chevron Corp. is seeking approval to modify Continue Reading
The European Union will decide on Monday to symbolically punish Turkey over what it calls “illegal” drilling for oil and gas off Cyprus and threaten harsher sanctions in the future Continue Reading
While researchers seek alternatives to lithium ion dominance in the battery space and European carmakers and governments pour billions into local battery production capacity to reduce import dependence, the leaders Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Monday as markets began to recover from Tropical Storm Barry, while a bearish outlook on oil fundamentals by the International Continue Reading
The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking forward, supplies are set to tighten in the second half Continue Reading
China is set to become the single biggest energy storage market in the Asia Pacific region by 2024, according to new reporting by British data analysis and consultancy group Wood Continue Reading
Amid escalating UK-Iran tensions in the Middle East, the UK is deploying a second warship to the Persian Gulf to operate for a brief time alongside the ship that fended Continue Reading
In a tweet, British Foreign Secretary Jeremy Hunt offered to return the tanker provided that Iran guaranteed its oil wouldn’t go to Syria. Gibraltar on Saturday freed the four Indian Continue Reading
Iraq’s oil exports from its southern ports have reached 3.42 million barrels per day (bpd) so far in July, two oil officials told Reuters on Monday. Exports from its southern Continue Reading
ISTANBUL (Reuters) – Turkey will continue drilling for gas in waters off Cyprus if the internationally recognized Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Continue Reading
The long-awaited, and feared, delivery of Russian S-400 missile systems to Turkey has started. In spite of US and European warnings that Ankara should reconsider the Russian arms deal, to Continue Reading
Growing natural gas production from the Vaca Muerta shale play has recently helped Argentina to export its first liquefied natural gas (LNG) cargo and to resume pipeline natural gas exports Continue Reading
The bulk of an estimated $90 billion that left Africa annually through illicit financial flow to overseas might have come from Nigeria. The Chairman of the Independent Corrupt Practices and Continue Reading
Investments remained weak on a quarterly basis, even though the month of June saw the beginning of a potential recovery as Beijing encouraged banks to lend more. Exports fell in Continue Reading
Lam Yik Fei for The New York Times BEIJING — China’s growth fell to its slowest pace in nearly three decades, officials said on Monday, as a resurgence of trade Continue Reading
Singapore — China’s gross domestic product during the first half as well in the second quarter of 2019 expanded at the lowest pace in at least 27 years, data from Continue Reading
China’s coal output rose in June from the previous month to a record high, official data showed on Monday, as miners ramped up production to ensure supply ahead of peak Continue Reading
SINGAPORE (Reuters) – Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude Continue Reading
