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Breaking News:

Colorado Home to Best-Value Frac Wells

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Colorado Home to Best-Value Frac Wells

May 29, 2016 at 17:27 | Zainab Calcuttawala

The Denver-Julesburg basin in Colorado hosts the most commercial, or low-cost, fraclog in the United States, according to a study by Rystad Energy. The costs per barrel…

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U.K. Sees Net Loss on Tax Revenues from North Sea Oil

May 29, 2016 at 07:52 | Zainab Calcuttawala

The United Kingdom’s net revenues from taxes levied on oil and gas companies operating on or near the North Sea turned negative “for the first time since records…

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Iraqi Kurdistan Underpays Two of its Top Producers

May 28, 2016 at 09:30 | Zainab Calcuttawala

Genel Energy, the largest oil producer in Iraqi Kurdistan said it received an US$11 million payment from the Kurdistan Regional Government on Thursday as compensation for…

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Indonesian Energy Minister for New OPEC Secretary-General?

May 27, 2016 at 14:14 | Charles Kennedy

Media outlet Sputnik International has cited unnamed sources as saying that Indonesian Energy Minister Sudirman Said is expected to be elected the next secretary-general of OPEC, at…

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Is Norway The New France? Planned Offshore Oil Strikes Could Hit Shell Hard

May 27, 2016 at 12:05 | James Burgess

As oil investment in Norway is projected to drop again in 2017 for the third year in a row as low oil prices hammer the industry, the specter…

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Two More Militant Attacks on Nigerian Crude Pipeline – More Barrels Offline

May 27, 2016 at 09:15 | Charles Kennedy

In two simultaneous attacks late on Thursday, the Niger Delta Avengers (NDV) have targeted a state-run crude pipeline near the Batan oilfield. The oil and gas pipeline is…

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War-Torn South Sudan To Resume Oil Production In July

May 26, 2016 at 17:02 | James Burgess

South Sudan’s transitional government has announced it will resume oil production by July after a halt of more than two years during a bloody civil war for…

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U.S. Oilfield Explosives Stolen by Rogue Domestic Bomb-Maker

May 26, 2016 at 16:52 | Zainab Calcuttawala

The man who stole explosives from firms working in North Dakota’s oil patch and stashed them in his home also possessed prohibited guns, over 1,100 rounds of…

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French Protests: Nuclear Power Strikes Add to Dire Fuel Shortage

May 26, 2016 at 16:31 | Zainab Calcuttawala

Strikes at all French nuclear power stations have added to the energy crisis in France, where one-third of France’s gas station ran out or ran low of…

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Nigeria, Venezuela And Egypt All Struggle To Pay Airfares

May 26, 2016 at 16:27 | Zainab Calcuttawala

The Nigerian government owes a number of international air carriers U.S. $575 million dollars in ticket costs because the ongoing oil-price crisis has depleted the African country’s reserves of U.S.…

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