Nigeria risks disruption in oil and gas supplies and power generation, due to declining exploration activity and depleting oil reserves, the Nigerian Association of Petroleum Explorationists (NAPE) has warned . Continue Reading
Venezuela will not hand over control of its cash-strapped state oil firm PDVSA to Russian oil giant Rosneft, a close aide to Nicolas Maduro told Russian news agency RIA Novosti Continue Reading
One of the world’s top commodity traders, Trafigura, expects the Asia Pacific region to have a deficit of refined oil products by 2025, despite the current fuel glut and despite Continue Reading
The US oil and gas rig count fell this week, according to Baker Hughes, decreasing by 5 for the week, according to Baker Hughes. This week marks eight decreases in Continue Reading
President Donald Trump confirmed Energy Secretary Rick Perry is stepping down, a couple of weeks after reports emerged that Perry was preparing for the move. CNBC quoted Trump as saying Continue Reading
US working natural gas volumes in underground storage added 104 Bcf last week, flipping the deficit to the five-year average to a surplus for the first time in more than Continue Reading
Affects permits within 2,000 feet of occupied structure Decision follows release of study Denver — Colorado oil and gas regulators announced drilling sites in the Denver-Julesburg Basin located within 2,000 Continue Reading
The network targets both public and at-home EV charging. Ford Motor Co. reported Thursday that it is introducing North America’s largest electric vehicle (EV) charging network to encourage customers to Continue Reading
The U.S. dropped six gas rigs and added one oil rig for a net loss of five rigs this week, according to Baker Hughes Co. The U.S. dropped six gas Continue Reading
Northern Californians can expect widespread power cuts aimed at preventing wildfires for a decade while Pacific Gas & Electric upgrades wires systems, cuts back trees and takes other safety measures, Continue Reading
The world’s largest oilfield services provider, Schlumberger ( NYSE:SLB ), reported on Friday a net loss of US$11.38 billion for the third quarter, compared to a US$644-million profit for Q3 Continue Reading
Wall Street guessed that writedowns from Schlumberger Ltd. were coming, but some analysts were taken aback by the sheer size of the $12.7 billion in pretax charges reported by the Continue Reading
U.S. President Donald Trump said on Friday he would nominate Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head Continue Reading
The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft , a local newspaper has reported, citing sources from the industry. Russian TASS Continue Reading
Last month Switzerland’s Pizol glacier, which has lost 80% of its volume since 2006, was remembered in a “funeral march” Climate change has risen to the top of Switzerland’s political Continue Reading
The startup of the Power of Siberia Russia-China natural gas pipeline in December is expected to weigh on the mid-term LNG demand growth potential of China, the world’s second largest Continue Reading
Public opposition has forced the Norwegian government to scrap plans for large-scale onshore wind power development, Recharge News reports . The outlet quoted a statement from the Norwegian Water Resources Continue Reading
Crude oil futures were marginally lower during mid-morning trade in Asia Friday amid bearish report on US crude inventories last week, but bullish data on product stocks and an upcoming Continue Reading
Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalize on an unexpected Continue Reading
It was 116 degrees Fahrenheit (46.7 degrees Celsius) in the shade outside the new Al Janoub soccer stadium, and the air felt to air-conditioning expert Saud Ghani as if God Continue Reading
Turkey agreed on Thursday to pause its offensive in Syria for five days to let Kurdish forces withdraw from a “safe zone” Ankara had sought to capture, in a deal Continue Reading
Saudi Aramco has delayed the planned launch of its initial public offering (IPO), as the giant oil company wants to update investors with its latest earnings before proceeding, two sources Continue Reading
“It is a last-minute decision,” said one senior Saudi official. “A few things needed to be fine tuned including financial figures for the third quarter,” he said. Last month, Saudi Continue Reading
Vice President Mike Pence on Thursday said Turkey had agreed to suspend its military operations in northeast Syria for five days while Syrian Kurdish fighters left the area, immediately raising Continue Reading
Russian oil giant Rosneft has temporarily suspended works at one block in Iraq’s semi-autonomous region of Kurdistan due to security concerns because of the blocks’ proximity to the Syrian border, Continue Reading
Refugees are already crossing the border and Iraqi security forces are contingency planning for a revived Islamic State insurgency. In the chaotic aftermath of the U.S. military’s withdrawal from northern Continue Reading
Minister of State for Petroleum Resources, Mr. Timipre Sylva, said yesterday that it was impossible for the Federal Government to recover a total $62 billon from International Oil Companies, IOCs, Continue Reading
Chevron is pushing back against the Trump administration’s plans to let the company’s Venezuela sanctions waiver expire, arguing such a move could ultimately drive oil production up, bolstering both the Continue Reading
China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Continue Reading
China’s economy grew at 6 percent in the third quarter of 2019 compared with a year earlier, its slowest pace in about 30 years, delivering another blow to global growth Continue Reading
Overall industrial production, which includes output at factories, mines and utilities, dropped 0.4% in September and declined 0.1% from a year earlier, the first year-over-year decrease since 2016. Mining production Continue Reading
Rick Perry, the energy secretary who has drawn scrutiny for his role in the controversy surrounding President Trump’s efforts to push Ukraine officials to investigate the son of a political Continue Reading
The LNG boom in the United States is helping households pay less for electricity, Energy Secretary Rick Perry told Fox News. “We’re driving down the cost of electricity in most Continue Reading
Annual oil production in the Gulf of Mexico is expected to jump to 1.9 million bpd in 2019. Oil production in the Gulf of Mexico (GOM) hit a new annual Continue Reading
President Trump’s top economic adviser last week arranged an Oval Office briefing with outside experts who warned the president that continued escalation of U.S.-China trade tensions could imperil the economy and hurt Continue Reading
U.S. oil production growth has slammed on the breaks, as low prices and the loss of access to capital markets has forced a slowdown in drilling. Third quarter earnings reports Continue Reading
US oil producers are keeping a close eye on what the US National Hurricane Center is calling Potential Tropical Cyclone Sixteen, S&P Global Platts reported on Thursday. The NHC has Continue Reading
Summary of Weekly Petroleum Data for the week ending October 4, 2019 U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending October 4, 2019, Continue Reading
The Russian government has abandoned key provisions of a new “climate change” legislation package after the country’s leading businesses – most operating in the “not quite” ESG arena – mounted Continue Reading
The European Environment Agency’s (EEA’s) “ Air quality in Europe — 2019 report ” shows that almost all Europeans living in cities are still exposed to air pollution levels that Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday amid a bearish report on last week’s US crude inventory, while ongoing global growth concerns continued to provide downside Continue Reading
The American Petroleum Institute (API) has estimated a major crude oil inventory build of 10.45 million barrels for the week ending October 10—compared to analyst expectations of a much smaller Continue Reading
Oil inched up on Wednesday, supported by hopes that OPEC and allies may deepen their production cuts in December, while weakening global economic and oil demand outlook continues to weigh Continue Reading
ndia will witness a sharp rise in US crude flows in the coming months and even next year as refiners consider options to sign both spot and term contracts to Continue Reading
The 2019 Arctic sea ice minimum extent was probably reached on Sept. 18 and was the second-lowest extent on record. (NASA/EPA-EFE/Shutterstock) There is no powerful El Niño lurking in the Continue Reading
Hunger is the most awful and profound expression of poverty. It exists in every country. It is something that most people can identify with on some perhaps primordial level. The Continue Reading
There are now 200 million SUVs on the roads globally, up from 35 million in 2010, according to data the International Energy Agency (IEA). In fact, 60 percent of the Continue Reading
One of Iraq’s top oil leaders has been dismissed, as the Cabinet enacts orders to replace dozens of directors general. Deputy Oil Minister Fayadh Nema (center left) and Basra Oil Continue Reading
Iran-backed militias deployed snipers on Baghdad rooftops during Iraq’s deadliest anti-government protests in years, two Iraqi security officials told Reuters. The deployment of militia fighters, which has not been previously Continue Reading
The U.S. military is deploying an additional 2,000 troops , two squadrons of jet fighters, three new antimissile systems and other equipment to Saudi Arabia in an effort to better Continue Reading
