An Overpriced IPO Won’t Help Aramco
Crown Prince Mohammed bin Salman is insisting on a high starting price for Saudi Aramco. He may end up with a lot of ungrateful subjects. State institutions usually go public Continue Reading
Saudi Crude Oil Exports Drop To 2-Year Low In September
Saudi Arabia’s crude oil exports dipped to a 22-month low of 6.67 million bpd in September, when the Kingdom was hit by attacks on its oil infrastructure that knocked 5 Continue Reading
Saudi coalition says Houthi rebels have hijacked ship in Red Sea
The Saudi-led military coalition in Yemen on Monday accused Houthi rebels of hijacking a tugboat towing a South Korean-owned drilling rig in the south of the Red Sea, according to Continue Reading
How Riyadh’s Saudi Aramco ambitions were thwarted
Some of the world’s top investment bankers gathered at a Riyadh palace on Saturday to deliver their final recommendations on a project that had consumed the government of Saudi Arabia Continue Reading
Iran’s regime faces a backlash at home and next door
Want smart analysis of the most important news in your inbox every weekday, along with other global reads, interesting ideas and opinions? Sign up for the Today’s WorldView newsletter . Continue Reading
The Race To Develop A 50 Billion Barrel Oilfield
Both China and Iran think that sufficient time has passed from the furore in both countries that followed media reports of a slew of extremely favourable deals awarded by Tehran Continue Reading
36 Dead Following Fuel Protests In Iran
A Friday announcement by the government in Tehran that fuel prices will be hiked by as much as 50 percent and the commodity will be rationed sparked protests across the Continue Reading
The Iran Cables: Secret Documents Show How Tehran Wields Power in Iraq
In mid-October, with unrest swirling in Baghdad, a familiar visitor slipped quietly into the Iraqi capital. The city had been under siege for weeks, as protesters marched in the streets, Continue Reading
Iran’s Revolutionary Guard Threatens Action Against Protesters
Iran’s top paramilitary force threatened to crack down on Iranians protesting a rise in fuel prices, as Tehran struggles to counter U.S. sanctions that are crippling the country’s economy and Continue Reading
Iran’s Guards warn of ‘decisive’ action if unrest continues
Iran’s powerful Revolutionary Guards warned anti-government protesters on Monday of “decisive” action if unrest over gasoline price hikes does not cease, state media said, hinting at a harsh security crackdown. Continue Reading
A Huge Red Flag? India Shutters Power Plants Citing Lack Of Demand
Half of India’s power generation capacity using coal and nuclear power is being shut down because of lackluster demand, the Indian Express reports , adding that some of the shutdowns Continue Reading
Australia fires: Sydney blanketed by smoke from NSW bushfires
People in Sydney woke up to a city shrouded in smoke on Tuesday, as scores of bushfires rage across the region. Strong winds overnight brought smoke from fires inland, pushing Continue Reading
Chinese seaborne thermal coal deals being canceled, delayed amid import curb
Chinese buyers of seaborne thermal coal have been canceling deals or trying to defer delivery cargoes to the end of December amid ongoing curbs on imported material, market sources said Continue Reading
Drilling Productivity Report
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
This European Nation Is Planning A Complete Offshore Oil Ban
Just as most of the public attention of the past weeks was turned to the US-China trade war and the possibility of an OPEC+ deal extension, the European nation of Continue Reading
California Takes Drastic Step Towards Reducing Emissions
California state agencies will stop buying gas-powered vehicles from a number of carmakers after the latter joined the White House in their opposition to the state’s new, stricter emissions rules. Continue Reading
US EIA boosts November shale oil output forecast to over 9.08 million b/d
Permian to lead growth with 4.73 million b/d next month Eagle Ford production to continue decline Washington — Despite expectations of a drilling slowdown, the US Energy Information Administration on Continue Reading
New construction natural gas ban trend appears on East Coast
Brookline, Massachusetts, is latest battleground Vote on measure could be bellwether for support in East Houston — Lawmakers in a Boston suburb are set to vote to ban natural gas Continue Reading
Canadian study links exposure to ultrafine particle air pollution to brain cancer
Greater exposure to ambient ultrafine particles (UFPs, <0.1 µm) produced by fuel burning could increase people’s chances of getting brain cancer according to a new study by a team of Continue Reading
U.S. Shale Producers Slash Spending Once Again
For a second consecutive year, U.S. shale producers are finding themselves cutting capital spending for the following year, as investors continue to demand returns from the frenzied drilling over the Continue Reading
The First Sign Of A Consolidation Wave In U.S. Shale
Fund manager Paulson & Co. Inc, a shareholder of Callon Petroleum, is dropping its opposition to a merger between Callon and Carrizo Oil & Gas that could be the start Continue Reading
BMW targeting ~600 km (~373 mile) range for electric i4 in 2021; 390 kW/530 hp motor
BMW will introduce the electric i4 ( earlier post )—the Group’s first purely electrically powered model for the premium mid-range—in 2021. The i4 will feature the fifth-generation BMW eDrive technology Continue Reading
Crude oil futures steady as markets await update on US-China talks
Crude oil futures were largely stable during mid-morning trade in Asia Monday as markets looked ahead for indications of progress in US-China trade talks, while bearish supply-side indicators capped further Continue Reading
Megamerger Could Create The Next Deepwater Oil Giant
Commenting on unconfirmed reports that leading offshore contractors Saipem and Subsea 7 are considering a merger, Audun Martinsen, head of oilfield service research at Rystad Energy, said: “Subsea 7 made Continue Reading
Oil prices edge up on trade-talk optimism, OPEC meeting
Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China Continue Reading
The Five Biggest Enemies Of Oil & Gas
The oil and gas industry used to be untouchable. It’s not anymore. Enemies have surrounded it in a pincer movement, and now, it’s all-out war. From public sentiment to government Continue Reading
IEA ups non-OPEC 2020 output estimate to 2.3 mil b/d, drops ‘call’ on OPEC
Crude oil demand headed for 2019 decline, first time since 2009 IEA drops ‘call on OPEC’ estimate for 2020 to 28.9 million b/d Saudi Oct exports to China hit record Continue Reading
The Top 5 Ways We Use Oil & Gas
If climate change and the use of fossil fuels is starting to worry you, consider this: The lion’s share of the petroleum in the United States is being used just Continue Reading
Why Banning Fossil Fuel Investment Is A Huge Mistake
Activist global warming strategies have now caused the European Investment Bank to ban its fossil fuel project funding. After more than a year of internal and external lobbying by several Continue Reading
Short-Term Energy Outlook
Global liquid fuels Brent crude oil spot prices averaged $60 per barrel (b) in October, down $3/b from September and down $21/b from October 2018. EIA forecasts Brent spot prices Continue Reading
As protesters call for general strike, oil disruptions loom
Protest organizers attempted to mobilize a general strike Sunday, blocking roads throughout southern Iraqi cities and disrupting access to major oil fields in Basra. There is no indication that oil Continue Reading
All Eyes On OPEC As Another Oil Glut Looms
OPEC+ is facing a steep challenge as it prepares to gather in Vienna next month. Global oil supply could continue to rise at a rapid pace in 2020, surpassing the Continue Reading
OPEC Production Data for October 2019
All OPEC charts below were taken from the OPEC Oil Market Report . The data is in thousand barrels per day and is through October 2019 OPEC 14 bounced back Continue Reading
Shell’s Big Strategy Shift In Egypt
Oil supermajor Royal Dutch Shell has appointed investment bank Citi to run the $1 billion (£781.5m) sale of its oil and gas assets in Egypt’s Western Desert. Sources told Reuters Continue Reading
Saudi Arabia’s Aramco IPO could be the deal of the century. But I’ve got a few questions nobody is answering.
Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the Continue Reading
Protests put Baghdad-Erbil oil and budget talks on ice
As anti-government demonstrations alter Iraq’s political landscape, the KRG has been forced to temper its ambitions to negotiate a durable financial relationship with Baghdad. Iraqi Prime Minister Adil Abd al-Mahdi Continue Reading
Iran’s Supreme Leader Seeks to Calm Deadly Anger After Fuel Price Rises
Iran’s supreme leader, Ayatollah Ali Khamenei, sought to assuage Iranians’ concerns on Sunday after an increase in fuel prices ignited deadly unrest as the government comes under pressure at home Continue Reading
Iran petrol price hike: Supreme Leader condemns ‘hooligan’ protesters
Anger at the fuel-price hike spilled on to the streets of the central city of Isfahan Iran’s Supreme Leader Ayatollah Ali Khamenei has said he supports a fuel price rise Continue Reading
The Iran Cables: Secret Documents Show How Tehran Wields Power in Iraq
In mid-October, with unrest swirling in Baghdad, a familiar visitor slipped quietly into the Iraqi capital. The city had been under siege for weeks, as protesters marched in the streets, Continue Reading
Iranians slash gasoline usage after fuel-price hike: ISNA
Tehran — Iranians cut back gasoline consumption by 20% on Friday from a week earlier after prices were jacked up 50%, the semi-official students news agency ISNA reported Sunday, citing Continue Reading
Nigeria: Customs Tighten Noose, Bar Supply of Petrol to Borders
The Nigeria Customs Services (NCS) has ramped up efforts to curtail smuggling with a directive to the Nigerian National Petroleum Corporation (NNPC), Petroleum Products Pricing Regulatory Agency (PPPRA) and all Continue Reading
Venezuela Is Using Invisible Oil Tankers To Skirt Sanctions
U.S. sanctions on Venezuela have been squeezing the life out of its economy in an attempt to remove the government of Nicolas Maduro from power, but so far those sanctions Continue Reading
Brazil Adds To Supply Glut With Major Deepwater Field
International oil majors and Brazil’s state oil firm Petrobras have just announced first oil from a deepwater field in Brazil’s pre-salt Santos basin, which will add 150,000 barrels of oil Continue Reading
Fracking Could Revive Colombia’s Oil and Gas Game
Fracking could give Colombia’s oil industry a new lease on life. Latin American states like Colombia have been important producers of oil and gas for this southern continent, the Caribbean Continue Reading
US-China tensions don’t blunt US natural gas production, but imperil long-term trust: experts
Market forces, investor competition seen pressing ‘At least a generation’ to restore trust Washington — Continued US-China trade tensions have thus far failed to blunt phenomenal growth in US natural Continue Reading
ExxonMobil says transportation energy demand to rise by 25% in next 20 years
Transportation energy demand is expected to increase by 25% over the next 20 years, mostly driven by an increase in commerce and trade, ExxonMobil’s Marine Fuels Venture Manager Luca Volta Continue Reading
The U.S. Shale Industry Hit A Brick Wall In 2019
The Great U.S. Shale Industry Machine is finally running out of steam. What looked very promising for the shale industry in 2018 seems incredibly bleak this year. And, if the Continue Reading
US Drops Eleven Oil, Gas Rigs
The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company. For the fifth week Continue Reading
US Shale Operators Show ‘Impressive Execution’ in 2019
U.S. shale companies are set to grow their 2019 oil production by 16%, thanks to impressive execution. While there’s been much discussion this year around whether the U.S. shale boom Continue Reading
US Boosts Oil Output Forecast
The pioneers of the U.S. shale boom are warning of a slowdown in oil production growth, but it appears the U.S. government doesn’t agree. (Bloomberg) — The pioneers of the Continue Reading