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EIA Reports Yet Another Big U.S. Crude Draw

Oil markets got a boost…

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Is The Eagle Ford About To Stage A Comeback?

Strong production declines have affected…

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Oil And Gas Bankruptcies Set To Double This Year

Creditors from bankrupt oil and…

News

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Go or No-Go Expected For Enbridge Pipeline By November

Sep 29, 2016 at 17:40 | Julianne Geiger

The Canadian government announced on Thursday that it will hold itself to a two-month deadline for a yay or nay on the controversial Northern Gateway and Line 3 oil pipelines—two…

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Dallas Fed Reserve Provides Optimistic Local Energy Outlook

Sep 29, 2016 at 17:28 | Erwin Cifuentes

The energy woes for one of the main oil producing areas of the United States may be a thing of the past, according to the latest quarterly report from…

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Report Says 28 Nuclear Plants Operate At Risk Of Failure

Sep 29, 2016 at 16:49 | Tsvetana Paraskova

A report commissioned by Greenpeace France has found that 28 nuclear reactors, including 18 EDF plants in France and one in the UK’s Sizewell, are operating at risk of…

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Nigeria’s NatGas Shortages Increase Coal Demand

Sep 29, 2016 at 16:10 | Lincoln Brown

Natural gas shortages and a desire to lower costs have led to a decision by Dangote Concrete in Nigeria to switch from natural gas to power its operations with…

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Maersk Oil Starts Drilling At Major UK North Sea Gas Field

Sep 29, 2016 at 12:21 | Tsvetana Paraskova

Maersk Oil said on Thursday that it had launched drilling operations on the first production well in the Culzean gas field in the UK area of the North Sea.…

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OPEC Chief Says Output Deal To Help Stock Drawdown

Sep 29, 2016 at 11:45 | Tsvetana Paraskova

OPEC’s decision to curb production “will go a long way in stimulating stock drawdown”, the organization’s Secretary General Mohammad Barkindo told CNN in an interview, admitting that the overhang…

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Iraq First To Undermine Hopes Of OPEC Deal Success

Sep 29, 2016 at 09:40 | Irina Slav

No sooner was the oil output freeze agreement by OPEC members announced than the first problem with it emerged. Namely, Iraq has questioned the way OPEC estimates the output…

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The Islamic State Loses Control Of Iraqi Oil Fields

Sep 28, 2016 at 17:47 | Lincoln Brown

The Islamic State will have to turn to other means to finance terror activities now that it no longer controls oil wells in Iraq. Iraq’s oil ministry announced that…

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Decreased Oil Output Drags Down Ghana’s Economic Growth

Sep 28, 2016 at 17:37 | Erwin Cifuentes

Ghana’s economic growth in the second quarter of this year suffered an annual fall of 2.5 percent due to a drop in oil production, according to government data published…

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Giant Kazakh Oil Field Set To Resume Production By End-2016

Sep 28, 2016 at 17:04 | Tsvetana Paraskova

The company overseeing the operations of the giant, highly expensive and complex Kashagan field in Kazakhstan expects to resume production by the end of this year, UPI reported on…

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