Rosneft is preparing to lead an Arctic oil field development project that will cost an estimated $157 billion (10 trillion rubles). Reuters quoted Russia’s Deputy Energy Minister Pavel Sorokin as Continue Reading
BP BP -0.28% PLC said it swung to a loss in third-quarter earnings resulting from a divestment-related charge and lower earnings in its exploration and production business. The London-based energy giant Tuesday posted a Continue Reading
The number of households in Britain at risk of flooding will more than double by 2050 to more than 1.9m owing to the effects of climate change, research from data Continue Reading
Oil prices fell on Monday after strong gains last week, as data released in China reinforced signs that its economy is slowing, though progress in China-U.S. trade talks has supported Continue Reading
The term “disruptor” has become an overused phrase that has cheapened the perceived impact that new tech, new processes, new ideas, and new generations have on the world. But there Continue Reading
We’re on the brink of a new revolution in transportation. A shift that could be even greater than the invention of the car. It’s one of the most exciting developments Continue Reading
The world is still making huge oil discoveries. There’s just nothing conventional about them. Conventional oil and gas discoveries have fallen by the wayside since the shale boom and the Continue Reading
For background, please see this previous article: “ Will A Watershed Event Turn The Tide Against Fossil Fuels? “ A watershed event is defined as: An event or period that Continue Reading
The Kurdish-led Syrian Democratic Forces (SDF) said on Sunday it had agreed to withdraw more than 30 km (19 miles) from the Turkish border, an announcement welcomed by Damascus which Continue Reading
Thousands of Iraqi protesters stood fast in Baghdad’s central Tahrir Square on Sunday, defying a bloody crackdown that killed scores over the weekend and an overnight raid by security forces Continue Reading
It’s what you can’t see—the oil beneath the Arabian sands—that potential investors in Saudi Aramco’s on-again, off-again initial public offering (IPO) ought to focus on. The truth about the remaining Continue Reading
Above, Ugo Bardi giving a talk at the University of Tehran, October 2019 Iran is a country that maintains something of the fascination it had in ancient times, when it Continue Reading
U.S. President Donald Trump’s suggestion on Sunday that Exxon Mobil or another U.S. oil company operate Syrian oil fields drew rebukes from legal and energy experts. “What I intend to Continue Reading
Jeff Bezos, second from right, attends an event in Istanbul this month marking the anniversary of the killing of Washington Post contributing columnist Jamal Khashoggi. (Bulent Kilic/AFP/Getty Images) Amazon and Continue Reading
Breakeven oil price to remain high Oil prices decoupling from geopolitics Saudi attacks will not impact growth Dubai — The OPEC/non-OPEC agreement to cut 1.2 million b/d from the global Continue Reading
The US continues to talk with Saudi Arabia about the kingdom’s plans to produce nuclear energy for power generation and is still discussing the possibility of Gulf countries importing US Continue Reading
A new proposal by Pakistani officials could bring much-needed energy to people in Kyrgyzstan and Tajikistan during the frigid winters in a long-planned project that will also see Central Asian Continue Reading
China’s imports of crude oil from Venezuela dipped to a nearly nine-year low in September as major state-held Chinese companies back out of Venezuelan purchases, looking to avoid fallout from Continue Reading
The pursuit of foreign investors comes as the Communist party elite sits down Monday for its first top policy-setting meeting, or plenum, since early last year, during which leaders will Continue Reading
The average run rate at China’s state-owned refiners Sinopec, PetroChina, Sinochem and China National Offshore Oil Corp. hit a record high of 85.7% in October, edging up from 85.5% in Continue Reading
Buyers of Tesla and GM electric vehicles will soon be ineligible for the federal EV tax credit . Meanwhile automakers (GM most recently) are grappling with production locations and long-term Continue Reading
This has been a difficult year for American manufacturers, marked by trade war volleys and a global economy that is running out of steam. Output, investment and employment are down Continue Reading
Catastrophic climate change is just around the corner. The top scientists are unified in the stance that the window is rapidly closing for the global community to decarbonize before we Continue Reading
Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations. Major shale Continue Reading
Firefighters confronted ferocious winds, with at least one gust clocking in at 102 miles an hour shortly after sunrise Sunday in the hills above the evacuated Sonoma County wine town Continue Reading
Erika Rivas could not sleep. The smell of smoke and the fear of encroaching flames kept pulling her back to that day two years ago when she realized her home Continue Reading
‘Significant production slowdown’ is all around the headlines about the U.S. shale patch these days. Yet, the headlines have often missed one growing problem in the U.S. oil industry—the abandoned, Continue Reading
Oil was down at the start of trading on Friday, but was poised to close out the week with modest gains on the back of EIA inventory drawdowns and rumors Continue Reading
Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments. While the transition may prove overwhelming for smaller producers, Continue Reading
Protesters set fire to offices belonging to a Shi’ite political party and a Shi’ite militia group in Iraq’s southern Muthanna province on Friday, police sources said. The offices of the Continue Reading
At least 40 protesters were killed in Iraq on Friday when security forces used tear gas and an Iranian-backed militia opened fire to try to quell renewed demonstrations against corruption Continue Reading
Turkey didn’t comment on the claim, but accused the Kurds of targeting its forces. The Turkish presidency’s press office said five Turkish soldiers were injured Thursday. Related Several players are Continue Reading
The Trump administration moved on Friday to further isolate Iran from the global financial system by declaring the country a “jurisdiction of primary money laundering concern.” The U.S. Treasury and State Continue Reading
Rebuking their prime minister, Iraqi protesters demanding jobs and official accountability defied security forces Friday to throng central Baghdad and other cities, confronting the government with perhaps its biggest challenge Continue Reading
A developing medicane takes shape over the eastern Mediterranean Sea. (NASA) An extremely unusual “medicane” is set to lash parts of Egypt and Israel, bringing the potential for tropical storm-force Continue Reading
Protesters cover their faces to shield themselves from tear gas in Baghdad At least 40 people have died in Iraq during a fresh wave of anti-government protests that descended into Continue Reading
The United States may leave 500 troops in northeastern Syria and send in battle tanks and other equipment, the Wall Street Journal reports , citing military officials who presented the Continue Reading
Russia-Turkey deal establishes ‘safe zone’ along Turkish border and there will be joint Russia-Turkey military patrols. The negotiations in Sochi were long – over six hours – tense and tough. Continue Reading
Iraqi Prime Minister Adil Abd al-Mahdi’s year-old government hung on to power Friday, as mass protests over corruption, unemployment, and poor services — and a heavy-handed government response to recent Continue Reading
India, one of the drivers of oil demand growth in Asia and the world, has just seen its oil imports drop to three-year lows and fuel processing rates plunge to Continue Reading
The U.S. Treasury is blocking for 90 days creditors from seizing shares in Venezuela’s U.S. subsidiary Citgo, temporarily shielding the prized Venezuelan asset in a win for Venezuela’s opposition and Continue Reading
The death toll from torrential rains that caused flooding and mudslides in Japan climbed to 10 on Saturday, with three others missing, public broadcaster NHK reported, just two weeks after Continue Reading
U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, Continue Reading
California firefighters on Friday sought to take advantage of a lull in winds to gain ground on a pair of fast-moving wildfires, including one that has forced the evacuation of Continue Reading
California investigators won’t determine the official cause for some time. But the news that PG&E equipment may have sparked another fire sent the company’s shares down nearly 31% on Friday, Continue Reading
The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite Continue Reading
The US oil and gas rig count fell sharply this week, according to Baker Hughes, with a drop of 25 rigs for the week. This week marks nine decreases out Continue Reading
Tesla has begun selling Model 3 cars made in China, complete with its Autopilot system, Reuters reports , adding the price tag for the vehicle will be a little over Continue Reading
The Permian now accounts for more than half of the nation’s total number of active rigs. The U.S. has seen its rig count decline for the second week consecutive week, Continue Reading
A secret agreement has allowed the nation’s homebuilders to make it much easier to block changes to building codes that would require new houses to better address climate change, according Continue Reading
