The dramatic jump in productivity seen in the early days of the US shale oil boom may be waning, but is likely not over, according to analysts, who expect efficiencies, Continue Reading
Relatively clean and flexible, natural gas has been described as “the champagne of hydrocarbons.” Lately, though, energy companies are treating it about as sparingly as a team that just won Continue Reading
Donald Trump’s decision to authorize the killing of an Iranian general and reignite Middle East tensions briefly roiled energy markets and underscored a U.S. political reality: Higher gasoline prices can Continue Reading
The U.S. dropped a total of 15 oil and gas rigs this week, according to data from Baker Hughes Company. The U.S. dropped a total of 15 rigs this week, Continue Reading
Minister says ‘2020 will be very good’ Not worried about Russia’s OPEC+ commitment US producers facing financial challenges US shale production will be flat or even declining by 2021, and Continue Reading
Tri-State Generation and Transmission will close its entire Colorado- and New Mexico-based coal-fired generation fleet decades earlier than the assets’ potential end-of-life, as well as retire a coal mine in Continue Reading
Planet-heating pollution from the U.S. oil, gas, and petrochemical industries could rise about 30% by 2025 compared with 2018 because of additional drilling and 157 new or expanded projects “fueled Continue Reading
Belarus’ state oil company Belorusneft has suspended supplies of its own oil to Germany this month as Minsk needs to compensate for shortages of Russia-sourced oil amid a contract dispute Continue Reading
Sweden has seen a 4% drop in the number of people flying via its airports, a rare decrease in recent years for a European country. More than 40 million people traveled Continue Reading
The Federation of the Chemical Industry, part of the French CGT labor union, has called on staff at refineries and at other companies in the chemical sector, to extend their Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Friday as geopolitical tensions in the Middle East eased and market participants look for fresh price cues to provide direction. Continue Reading
Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising U.S. inventories and other signs of ample Continue Reading
Oil prices retreated further on Thursday, adding to sharp losses in the previous session as the market shifted focus toward rising U.S. crude stocks and away from worries about the Continue Reading
OPEC pared its crude oil production by 100,000 b/d in December, the latest S&P Global Platts survey finds, putting the bloc under its new, more-stringent quotas a month early. OPEC Continue Reading
East Libya based forces led by Khalifa Haftar said on Thursday they would continue in their military campaign against rival forces in the capital Tripoli, appearing to reject a call Continue Reading
The Houthi rebels in Yemen were not the ones who launched the drone and missile attack on Saudi oil infrastructure last September, a confidential report from the UN has revealed. Reuters, Continue Reading
Iraq’s crude production is steady at 4.46 million b/d in line with its OPEC quota and has not been affected by recent events in OPEC’s second-largest oil producer, an oil Continue Reading
Kuwait expects its share of the oil production from the Neutral Zone that it shares with Saudi Arabia to be 250,000 bpd by the end of 2020 when production will Continue Reading
Iraq has proven it can maintain oil production and exports without US workers for a short period, but there are major risks to crude supply from OPEC’s second-largest producer if Continue Reading
Senegal’s government has given the go-ahead to the development at its first oil project, the Sangomar offshore field, operated by Australia’s Woodside Petroleum. The start of production from the $4.2-billion Continue Reading
The largest oil hedge in the world cost Mexico “ around $1 billion ” for 2020, Mexico’s Finance Minister Arturo Herrera said on Thursday, according to Reuters. Herrera had said Continue Reading
Paulin Bolumbu thought his family lived a safe distance from the Congo River, but in November the water overran its banks by more than half a kilometer, inundating his corrugated Continue Reading
Australian authorities urged another mass evacuation across the heavily populated southeast on Thursday as a return of hot weather fanned huge bushfires threatening several towns and communities. Cows stand in Continue Reading
Australian insurer Suncorp Group ( SUN.AX ) said on Thursday it has received since September 2,600 bushfire-related claims worth up to A$345 million ($237.05 million), of which nearly a third Continue Reading
China’s stellar rise from backwater to economic and technological powerhouse has dramatically transformed the world’s energy markets. Especially the oil sector has been affected due to the Middle Kingdom’s impressive Continue Reading
Australia’s bushfire crisis has arrived to such a tragic and critical apex that the smoke from the climate change-fuelled fires has travelled nearly 10,000 miles to South America and may Continue Reading
Oil prices rose and fell in the aftermath of the latest escalation between the United States and Iran, but one kind of oil remained more resilient than the rest: heavy Continue Reading
China will open its arms for foreign oil and gas companies, and for local private E&Ps, the country’s Ministry for Natural Resources told media as quoted by the China Global Continue Reading
Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as authorities said the next few hours could be “very, very Continue Reading
Devastation in China’s pork industry pushed consumer-price inflation to an eight-year high in 2019, complicating decisions for policy makers looking to boost a cooling economy. Consumer prices were up 2.9% from Continue Reading
Surrounded by hills burned black as soot, with homes flattened and cattle decimated, Australians in the country’s east on Friday confronted a new round of supercharged bush fires as high Continue Reading
The bush fire crisis gripping Australia is piling political pressure on its government to take bolder action on climate change, as the scorching of vast tracts of forest and farmland amplifies Continue Reading
Investors set aside their jitters over the Middle East tinderbox to send stocks to new highs. But economists taking a long view see graver threats to growth both at home and Continue Reading
To protect more homes from future flooding and to lower flood insurance rates, Virginia Beach is considering funding a local program to buy out or elevate at-risk properties throughout the Continue Reading
Tariffs imposed by President Donald Trump to restructure the United States’s top trade relationships have cost American companies $46 billion since February 2018, and U.S. exports of goods hit by Continue Reading
Royal Dutch Shell Plc ( RDSa.L ) is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter. If completed, this and other Continue Reading
JetBlue announced this week that it plans to go carbon-neutral on all domestic flights starting in July, a first for a major U.S. airline. The company’s plan involves both taking steps Continue Reading
Operational production costs in the oil and gas industry have fallen across the globe, with the United Kingdom emerging as a cost-cutting powerhouse among global offshore regions . A Rystad Continue Reading
The U.S. Department of Energy is launching a program to speed up the development and use of next-generation energy storage solutions and technologies, aiming to position the United States for Continue Reading
Due to continuously rising U.S. natural gas production, natural gas prices at the U.S. benchmark Henry Hub averaged US$2.57 per million British thermal units (MMBtu) in 2019—the lowest annual average Continue Reading
Apache Corp. is shuttering its San Antonio office, resulting in the layoffs of 272 employees, the company said in a notice sent to the Texas Workforce Commission this week. The Continue Reading
Direct oil and natural gas employment in the Permian basin totaled 87,603 people in 2019, according to a new report from TIPRO. Direct oil and natural gas employment in the Continue Reading
U.S. job growth likely slowed in December, but the pace of hiring probably remains more than enough to keep the longest economic expansion in history on track despite a deepening Continue Reading
Low natural gas prices have finally brought the decade-long shale gas boom in Appalachia to a halt. Gas production in Appalachia declined by about 1 billion cubic feet per day Continue Reading
Two major U.S. oil producers, Occidental Petroleum and Apache Corporation, have started slashing jobs this week as they look to cut costs in the slowdown of the U.S. shale production Continue Reading
As part of the Trump Administration’s ongoing efforts to accelerate the permitting process for oil pipelines and other large infrastructure projects, the White House released on Thursday a plan to Continue Reading
Construction of new crude oil pipelines in North America will account for the majority of the planned oil pipeline length additions globally between 2019 and 2023, data and analytics company Continue Reading
Permian Basin forward gas prices are testing new lows this month as the 2020 market outlook for available pipeline capacity exiting the West Texas basin continues to deteriorate. At market Continue Reading
The US would need to derive 100% of electricity sales from clean energy resources by 2050 under a draft climate change bill that Democratic lawmakers will unveil later in January. Continue Reading
Researchers at the University of California San Francisco have found a significant increase in e-scooter injuries and hospital admissions between 2014 and 2018—particularly over the last year—with people aged 18 Continue Reading
