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Can NYC Reach Its Renewable Energy Storage Goals?

As solar power continues to…

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Will Russia Ditch Its Ambitious Oil Tax Reform?

Russia’s plans to reform its…


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Saudis Stress Supply In OPEC Cut Deal

Mar 23, 2017 at 15:24 | Tsvetana Paraskova

Amid confusing discrepant production, export figures. and baselines for OPEC’s cut deal, the cartel’s de facto leader and biggest producer and exporter Saudi Arabia is signaling that the important metric…

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UK Annuls Registrations Of Fraudulent Clones Of Russian Oil Firms

Mar 23, 2017 at 13:18 | Tsvetana Paraskova

Five Russian oil companies have won appeals and lawsuits in the UK to have their fraudulent and unconnected ‘doppelgangers’ that were registered last year removed from the UK Companies…

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Statoil Aims For Top Dog In Deepwater Drilling

Mar 23, 2017 at 11:53 | Irina Slav

Statoil has won 13 exploration licenses in the Gulf of Mexico, saying this marks a reset of its campaign in the area. The Norwegian company first entered the Gulf…

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Ottawa Loans Alberta $22.5M To Clean Up Orphan Wells

Mar 23, 2017 at 10:51 | Irina Slav

The central Canadian government has allocated US$22.5 million (C$30 million) in financial aid for the province of Alberta in its new budget, in a bid to stimulate its economy,…

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ICE To Start Offering First-Ever U.S. LNG Futures Contracts

Mar 22, 2017 at 18:02 | Tsvetana Paraskova

As the U.S. has been increasingly growing its LNG exports in recent months, Intercontinental Exchange (ICE) said on Wednesday that it would start trading the first-ever U.S. LNG futures…

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Libyan Production Restored To 700,000 BPD As LNA Retakes Control

Mar 22, 2017 at 17:55 | Zainab Calcuttawala

Libyan oil production rose to a 700,000-barrel-per-day production rate on Wednesday, after a series of clashes between militant groups in the Oil Crescent caused tensions in the country’s biggest…

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New Indian Leasing Rule To Attract $5.4 Billion In New Investment

Mar 22, 2017 at 17:49 | Zainab Calcuttawala

Prime Minister Narendra Modi’s cabinet approved a new rule to give some oil and gas companies with active leases on drilling blocks extra time to extract fossil fuels from…

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Enbridge To Lay Off 1,000 Workers After Spectra Takeover

Mar 22, 2017 at 17:44 | Zainab Calcuttawala

Following Enbridge Inc.’s takeover of Houston-based energy firm Spectra, the company has plans to lay off roughly six percent of its employees, according to a new report by The…

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More Oil Stored Off South Africa Sold Amid Shrinking Contango

Mar 22, 2017 at 14:36 | Tsvetana Paraskova

Commodity trading group Vitol and France’s oil major Total SA have offered out around 11 million barrels of Nigerian crude oil grades for April, Platts reported on Wednesday, citing…

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Gazprom’s Claims Against Ukraine’s Naftogaz Could Reach $80B

Mar 22, 2017 at 14:10 | Tsvetana Paraskova

Russia’s Gazprom is claiming around $50 billion from Ukraine’s Naftogaz at an international arbitration over gas pricing contracts, and the claim could potentially swell to $80 billion, according to…

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