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Will This Be The Biggest Oil Bid Round This Decade?

Brazilian authorities have announced two…

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The U.S. Is Shaping Up For Another Pipeline Saga

After the national controversy surrounding…

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5 Energy Stocks To Watch In 2017

From frac sand producers and…

News

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Kashagan Production Ramping Up To 180,000 Bpd

Jan 13, 2017 at 15:26 | Tsvetana Paraskova

North Caspian Operating Company, the joint venture operating Kazakhstan’s giant Kashagan oil and gas project in the Caspian Sea, said on Friday that it is currently ramping up production…

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China's Oil Import Dependency Deepens

Jan 13, 2017 at 12:12 | Irina Slav

China satisfied 64.4 percent of its crude oil demand with imports last year because of high production costs at home and favorable international prices resulting from the global glut.…

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Brazil Sees Up To $1.4B Revenue From Oil, Gas Licensing In 2017

Jan 13, 2017 at 10:24 | Tsvetana Paraskova

Brazil expects to reap up to the equivalent of US$1.4 billion from three oil and gas exploration licensing rounds this year, Brazil’s Energy Minister Fernando Coelho Filho said on…

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Anadarko Exits Eagle Ford

Jan 13, 2017 at 09:23 | Irina Slav

Anadarko has struck a deal to sell its assets in the Eagle Ford shale play to Sanchez Energy Corp. and Blackstone group for US$2.3 billion. The divestment, according to Anadarko…

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Exxon Finds More Oil Offshore Guyana

Jan 12, 2017 at 16:06 | Tsvetana Paraskova

ExxonMobil said on Thursday that it had found high-quality, oil-bearing sandstone reservoirs offshore Guyana in South America, close to its Liza discovery in the area. Exxon drilled at the…

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Despite Conflict, Yemen Tries To Win International Oil Firms Back

Jan 12, 2017 at 15:57 | Tsvetana Paraskova

There have been ‘positive indicators’ that international oil companies could resume activities and investments in Yemen, news outlet The New Arab reports, quoting a representative of the country’s exiled Saudi-backed…

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Nigeria Claws Back To Regain Top African Oil Producer Slot From Angola

Jan 12, 2017 at 14:33 | Damir Kaletovic

OPEC figures show that Nigeria is regaining its status as Africa’s top oil producer--a status that had been assumed by Angola for the seven months leading up to September as…

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U.S. Energy Industry Eager To Start Drilling On Federal Land

Jan 12, 2017 at 11:34 | Irina Slav

The United States oil and gas industry is eager to tap into hydrocarbon deposits hitherto off limits thanks to President Obama’s energy policies. President-elect Donald Trump, however, has stated he…

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Dutch Railways Now 100% Powered By Wind Energy

Jan 12, 2017 at 10:46 | Irina Slav

All trains running on Dutch network operator NS Dutch Railways’ lines are now powered by electricity derived entirely from wind power. The switch is a result of a partnership…

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Tillerson Backs Paris Climate Agreement At Confirmation Hearing

Jan 12, 2017 at 09:16 | Irina Slav

Secretary of State nominee Rex Tillerson said during his Senate confirmation hearing that the U.S. would be better off sticking with the Paris agreement to tackle climate change. His…

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