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The Great Game Returns to Central Asia

The Great Game Returns to Central Asia

Central Asia is emerging as…

Big Oil’s Carbon Capture Conundrum

Big Oil’s Carbon Capture Conundrum

Energy experts and environmentalists express…

News

Gambia Awards Disputed Offshore Oil Block To BP

Gambia Awards Disputed Offshore Oil Block To BP

May 01, 2019 at 12:04 | Tsvetana Paraskova

The small West African country Gambia has awarded BP the exploration rights to drill for oil and gas in an offshore block which another company claims it has the rights…

Abu Dhabi Launches Second Oil, Gas Exploration Bid Round

Abu Dhabi Launches Second Oil, Gas Exploration Bid Round

May 01, 2019 at 10:54 | Tsvetana Paraskova

The Abu Dhabi National Oil Company (ADNOC) is launching Abu Dhabi’s second competitive bid round for oil and gas exploration of conventional and unconventional resources, the state…

Houthis Want To Sell Crude To Fund Fuel Imports

Houthis Want To Sell Crude To Fund Fuel Imports

May 01, 2019 at 09:06 | Irina Slav

The leader of the Houthi uprising in Yemen, Mohammed Ali al-Houthi, has asked the United Nations to sell a cargo of crude to generate revenues that will be used for…

Surprise Crude Build Caps Oil Price Gains

Surprise Crude Build Caps Oil Price Gains

Apr 30, 2019 at 15:57 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise build in crude oil inventory of 6.81 million barrels for the week ending April 26, coming in over analyst expectations of a…

Buffett To Back Occidental With $10B In Bidding War For Anadarko

Buffett To Back Occidental With $10B In Bidding War For Anadarko

Apr 30, 2019 at 12:45 | Tsvetana Paraskova

Warren Buffett’s Berkshire Hathaway has committed to invest US$10 billion in equity in Occidental Petroleum if Occidental completes its proposed acquisition of Anadarko, Occidental said on Tuesday, a day…

Poland Taps Emergency Reserve After Contaminated Oil Forces Pipeline Shutdown

Poland Taps Emergency Reserve After Contaminated Oil Forces Pipeline Shutdown

Apr 30, 2019 at 12:34 | Tsvetana Paraskova

Poland has tapped into its emergency oil reserves in order to keep key refineries operating after contaminated crude oil forced the shutdown of the Druzhba oil pipeline carrying oil from…

Asian Importers Step Up Iranian Oil Purchases Before Waivers End

Asian Importers Step Up Iranian Oil Purchases Before Waivers End

Apr 30, 2019 at 12:22 | Tsvetana Paraskova

The biggest oil importers in Asia collectively bought 1.57 million bpd of oil from Iran in March, a 36-percent surge over February, as buyers rushed to use up the U.S.…

Guaido Announces “Final Phase” In Government Change Plan

Guaido Announces “Final Phase” In Government Change Plan

Apr 30, 2019 at 11:47 | Irina Slav

Venezuela’s opposition leader and self-declared interim president Juan Guaido has announced what he has termed the “final phase” in the opposition’s plan to take over the country from the Nicolas…

Metal “Trees” Suck Up CO2 From Air

Metal “Trees” Suck Up CO2 From Air

Apr 30, 2019 at 10:50 | Irina Slav

An Irish-based company has designed CO2-sucking metal columns that can clean up part of the carbon emissions released by cars. The company plans to install 1,200 such “metal trees” in…

Environmental Concern Tops Priority List For Energy Investments

Environmental Concern Tops Priority List For Energy Investments

Apr 30, 2019 at 09:09 | Irina Slav

More companies see environmental issues as their top concern when making decisions regarding energy investments, a PwC survey among UK businesses has found. The PwC & Energy UK B2B…

Michigan Attorney General Threatens To Scuttle Line 5 Pipeline Project

Michigan Attorney General Threatens To Scuttle Line 5 Pipeline Project

Apr 29, 2019 at 17:21 | Julianne Geiger

Michigan’s Attorney General Dana Nessel has threatened to “use every resource available” to shut down Enbridge’s Line 5 oil pipeline that runs under the Straits of Macinac, in a statement…

Rystad: Oil Wells To Be Drilled To The Moon And Back

Rystad: Oil Wells To Be Drilled To The Moon And Back

Apr 29, 2019 at 16:37 | Julianne Geiger

A new study published today by Rystad Energy forecasts that there will be more than a million kilometers of new oil and gas wells drilled by 2023 globally; the…

SEC Cries Foul Over Suspected Insider Trading In Anadarko

SEC Cries Foul Over Suspected Insider Trading In Anadarko

Apr 29, 2019 at 14:18 | Julianne Geiger

In the months leading up to the Chevron and Occidental (NYSE: OXY)  bids for Anadarko Petroleum Corp (NYSE: APC), there were suspicious purchases of Anadarko securities, according to the Securities…

Bidding War Heats Up As Anadarko Plans To Negotiate Occidental’s Bid

Bidding War Heats Up As Anadarko Plans To Negotiate Occidental’s Bid

Apr 29, 2019 at 11:44 | Tsvetana Paraskova

Anadarko Petroleum Corporation said on Monday that it plans to resume negotiations with Occidental Petroleum after Occidental announced last week a proposal to buy Anadarko at a higher price…

“Ridiculous” Quake Rules Force UK Shale Gas Commissioner To Resign

“Ridiculous” Quake Rules Force UK Shale Gas Commissioner To Resign

Apr 29, 2019 at 10:55 | Irina Slav

Natascha Engel, UK’s shale gas commissioner of six months has handed in her resignation, calling the earthquake rules adopted by the government “ridiculous” and an effective “ban on fracking.” The…

LNA Launches Air Strikes On Tripoli

LNA Launches Air Strikes On Tripoli

Apr 29, 2019 at 09:19 | Irina Slav

The Libyan National Army led by General Khalifa Haftar launched air strikes on Tripoli during the weekend as it continues its offensive against the capital of Libya that’s controlled by…

Saudis: We Didn’t Discuss Lowering Gasoline Prices With Trump

Saudis: We Didn’t Discuss Lowering Gasoline Prices With Trump

Apr 29, 2019 at 09:10 | Julianne Geiger

Neither OPEC Secretary General HE Mohammad Sanusi Barkindo nor Saudi officials have spoken with President Trump about lowering gasoline prices, according to Wall Street Journal sources, as cited by…

Exxon, Chevron Earnings Slump On Weak Refining Margins

Exxon, Chevron Earnings Slump On Weak Refining Margins

Apr 26, 2019 at 13:32 | Tsvetana Paraskova

U.S. supermajors ExxonMobil and Chevron reported on Friday lower Q1 earnings compared to a year ago, with profits squeezed by weak refining margins and volatile oil prices and Exxon badly…

Major Strike At Europe’s Largest Oil Refinery Ends

Major Strike At Europe’s Largest Oil Refinery Ends

Apr 26, 2019 at 13:32 | Tsvetana Paraskova

Trade unions have agreed to end a week-long strike at Europe’s largest oil refinery - Shell’s 404,000 bpd Pernis refinery in the Netherlands—after the parties resolved a dispute over…

Indigenous Group In Ecuador Vows To Save Amazon From Oil Drilling

Indigenous Group In Ecuador Vows To Save Amazon From Oil Drilling

Apr 26, 2019 at 13:20 | Tsvetana Paraskova

The Waorani people of the Amazon in Ecuador have renewed their vow to continue their fight to keep their ancestral land off limits for oil drilling, threatening to defend…

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