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News

FERC Warns A Gas Pipeline Attack Could Cause Mass Blackouts

FERC Warns A Gas Pipeline Attack Could Cause Mass Blackouts

Sep 24, 2019 at 13:00 | Tsvetana Paraskova

An attack on a single natural gas pipeline in the United States could lead to mass blackouts, Neil Chatterjee, chairman of the Federal Energy Regulatory Commission (FERC), told CNN…

CNOOC To Begin Deepwater Gas Production In South China Sea In 2021

CNOOC To Begin Deepwater Gas Production In South China Sea In 2021

Sep 24, 2019 at 11:57 | Tsvetana Paraskova

China National Offshore Oil Corporation (CNOOC) targets its deepwater natural gas project Lingshui 17-2 in the South China Sea to begin producing natural gas at the end of 2021, a…

Russia Signs Paris Agreement,  Adopts Emissions Law By End-2020

Russia Signs Paris Agreement, Adopts Emissions Law By End-2020

Sep 24, 2019 at 10:45 | Irina Slav

Russia will have a law on emissions by the end of 2020, the country’s climate envoy Ruslan Edelgeriev said as quoted by TASS. Edelgeriev spoke to the news agency…

Korea’s Kogas Buys More US LNG In Supply Deal With BP

Korea’s Kogas Buys More US LNG In Supply Deal With BP

Sep 24, 2019 at 09:39 | Irina Slav

South Korea’s Kogas has struck a deal with BP for the supply of 1.58 million tons of U.S. liquefied natural gas annually over a period of 15 years, starting in…

Bankers To Get In On IPO Despite Aramco Attacks

Bankers To Get In On IPO Despite Aramco Attacks

Sep 23, 2019 at 17:59 | Julianne Geiger

A little more than a week has past since the attacks on Saudi Aramco took offline more than 5 million barrels per day, but Crown Prince Mohammed bin Salman and…

Texas Promotes Pure Permian Crude Oil To Overseas Buyers

Texas Promotes Pure Permian Crude Oil To Overseas Buyers

Sep 23, 2019 at 17:14 | Tsvetana Paraskova

As the U.S. is growing its crude oil exports and more pipelines begin shipping Permian crude straight to export facilities in Texas, producers and traders of U.S. crude may…

Banks Holding $47 Trillion Assets Sign Up To Climate Action

Banks Holding $47 Trillion Assets Sign Up To Climate Action

Sep 23, 2019 at 13:41 | Tsvetana Paraskova

A third of the world’s banks, worth a total of US$47 trillion in assets, committed on Sunday to align their business to the Paris Climate Agreement, in the biggest…

Iran: Seized UK-Flagged Oil Tanker “Free To Leave”

Iran: Seized UK-Flagged Oil Tanker “Free To Leave”

Sep 23, 2019 at 10:14 | Tsvetana Paraskova

The British-flagged oil tanker Stena Impero, which Iran seized in the middle of July in the Strait of Hormuz, is now “free to leave Iran,” Iranian government spokesman Ali Rabiyee…

World Leaders Issue Statement Supporting Libyan NOC’s Legitimacy

World Leaders Issue Statement Supporting Libyan NOC’s Legitimacy

Sep 23, 2019 at 09:35 | Irina Slav

The U.S, the UK, France, Italy, Germany and the UAE have issued a joint statement in recognition of the National Oil Corporation of Libya as “the country’s sole independent, legitimate…

Houthis: We Will Stop Saudi Attacks If Kingdom Agrees To Stand Down In Yemen

Houthis: We Will Stop Saudi Attacks If Kingdom Agrees To Stand Down In Yemen

Sep 20, 2019 at 17:41 | Julianne Geiger

The attacks on Saudi soil with drones and ballistic missiles will stop, the Houthis have vowed, if Saudi Arabia will stop its airstrikes over Yemen, according to Bloomberg, who…

US Slaps Sanctions On Iranian Central Bank—What’s Next?

US Slaps Sanctions On Iranian Central Bank—What’s Next?

Sep 20, 2019 at 15:33 | Julianne Geiger

The United States on Friday has taken the first step in its response to the attacks on Saudi oil infrastructure by imposing more sanctions on Iran, but the response might…

Kuwait Raises Security Alert Level Of Oil Facilities

Kuwait Raises Security Alert Level Of Oil Facilities

Sep 20, 2019 at 15:27 | Charles Kennedy

Kuwait raised the security alert level at all of its ports, affecting both commercial ports and oil facilities, according to the state-run Kuwait News Agency, quoting a statement from…

Shell, Exxon Close Deal To Build Five LNG Import Terminals

Shell, Exxon Close Deal To Build Five LNG Import Terminals

Sep 20, 2019 at 12:59 | Irina Slav

Shell and Exxon are among the companies picked by the Pakistani government to build five LNG import terminals as part of efforts to boost natural gas imports to deal with…

It's Time For Traders To Take Advantage Of High Oil Prices

It's Time For Traders To Take Advantage Of High Oil Prices

Sep 20, 2019 at 09:13 | Irina Slav

Citigroup is advising traders to sell their positions on oil and use the proceeds to hedge against a decline in equity markets, Bloomberg reports, citing a note by the…

New Mexico Deploys Robots To Tackle Methane Emissions

New Mexico Deploys Robots To Tackle Methane Emissions

Sep 20, 2019 at 09:03 | Irina Slav

New Mexico, which shares the Permian shale play with Texas, is using satellites and artificial intelligence to track methane emissions as part of plans to map these and take steps…

Guyana’s Offshore Oil Boom Faces Headwinds As Govt Breaches Constitution

Guyana’s Offshore Oil Boom Faces Headwinds As Govt Breaches Constitution

Sep 19, 2019 at 17:51 | Julianne Geiger

Guyana’s oil industry may be facing a tough road ahead, after US and European diplomats on Thursday accused the Guyana government of breaching the country’s constitution according to Reuters.…

Exxon Shuts Major Texas Refinery After Flooding

Exxon Shuts Major Texas Refinery After Flooding

Sep 19, 2019 at 17:31 | Tsvetana Paraskova

ExxonMobil started on Thursday morning to shut down its 369,024-bpd crude oil refinery at Beaumont in Texas as tropical storm Imelda brought flooding to parts of southern Texas, sources familiar…

Leaked Photos Suggest Tesla Is Already Building Model 3 In China

Leaked Photos Suggest Tesla Is Already Building Model 3 In China

Sep 19, 2019 at 16:17 | Tsvetana Paraskova

Tesla is moving ahead with pre-production at its Chinese factory, according to new leaked photos believed to have been recently taken inside the U.S. electric vehicle maker’s Gigafactory in…

EU On Edge As Russia And Ukraine Restart Gas Talks

EU On Edge As Russia And Ukraine Restart Gas Talks

Sep 19, 2019 at 13:28 | Irina Slav

Russia and Ukraine are scheduled to restart their gas transit negotiations today in Brussels, with the mediation of EU officials. The negotiations are closely watched as they concern the stability…

Why Is This Supermajor Dumping Its Aussie Assets?

Why Is This Supermajor Dumping Its Aussie Assets?

Sep 19, 2019 at 11:34 | Irina Slav

Exxon has put up for sale its assets in Australia’s Gippsland Basin as part of a $15-billion divestment program, Reuters reports, quoting a company statement. The Gippsland Basin project…

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