Crude oil prices moved lower…
In an increasingly bullish oil…
Tensions between Israel and Iran…
A team of scientists say they have found a new way to generate electricity from capturing heat with the help of magnetic particles that were thought to have been useless…
Oil traders around the world are scrambling to avoid being involved in the latest U.S. sanctions regarding Iranian oil after the United States imposed on Wednesday sanctions on a…
Investments in liquefied natural gas since the start of the year have hit an all-time high of $50 billion, the International Energy Agency’s head, Fatih Birol, told an industry conference.…
Oil prices fell back even more mid-week as Saudi Arabia says it’s ahead of schedule to make the necessary repairs to the Abqaiq facility. The easing of concerns surrounding…
The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts of New Mexico declined in…
Last week, when CNN reported SpaceX planned to start beaming Internet from space next year, it drew attention to a fascinating and potentially extremely lucrative topic: space Internet. The…
A wave of oil and gas wells abandoned by bankrupted drillers could cost the U.S. government hundreds of millions of dollars. A new report from the U.S. Government Accountability…
This week’s biggest news – Saudi Aramco managed to restore most of its affected production faster than anticipated and by Wednesday (September 25) is only missing some 0.2-0.3mbpd of output…
Ambivalence is one of the first words that comes to mind when thinking about the state of Nigeria’s oil sector. Endowed with a truly tremendous resource base, it seems that…
Oil prices have fallen back from their immediate highs following the attacks on Saudi Arabian oil processing and production facilities earlier in September. Nerves have been calmed by the promise…
This is now the ultimate game of leverage between Iran and the United States, with Saudi Arabia’s oil infrastructure being used by Tehran to win concessions from Washington. There has…
2018 was largely the year of the bull market that wasn’t. As the Trump administration planned sanctions on Iran’s oil prices rose from $70 in January to $86 in October.…
The idea of colonizing Mars left the sphere of speculation a long time ago, and it’s taking long strides towards a reality. In fact, scientists are now at the stage…
Despite a wave of financial adversity that has tormented US onshore E&P companies lately, Rystad Energy does not view this as a harbinger of doom for the…
Saudi Aramco has restored Saudi Arabia’s oil production capacity to 11.3 million bpd—the level before the attacks on oil facilities ten days ago, Reuters reported on Wednesday, citing three…
Crude oil deepened its latest losses after the Energy Information Administration reported a 2.4-million-barrel build in crude oil inventories for the week to September 20. This compares with a…
Aramco is considering the offer of not 5 but 10 percent of its stock in the much-hyped initial public offering that has been delayed several times already. The Wall Street…
Japanese trading giant Mitsubishi said last week it booked a US$320 million loss after an unnamed rogue trader made unauthorized loss-making oil derivatives trades and allegedly manipulated the risk…
Even if Saudi Arabia’s claim about how swiftly it will recover from the recent attack on its oil infrastructure can be believed – which it cannot – the Houthi/Iran…
Appalachian shale drillers are getting squeezed by low prices, and a supply glut may mean that there is little prospect of a pricing rebound anytime soon. Earlier this month, IHS…