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News

Oil, Gas Industry Fears Skills Shortage

Oil, Gas Industry Fears Skills Shortage

Jan 22, 2019 at 14:17 | Tsvetana Paraskova

Almost half of oil and gas industry professionals around the world see a potential skills shortage as the biggest worry in their sector, according to the Global Energy Talent Index…

Oil Futures Pull Back As Global Uncertainty Rises

Oil Futures Pull Back As Global Uncertainty Rises

Jan 22, 2019 at 12:13 | Liubov Georges

New York Mercantile Exchange nearest delivered oil futures and Brent crude on the Intercontinental Exchange traded sharply lower at the start of a new business week amid growing concerns that…

Oil Investment In Middle East Falls In 2018 But Outlook Remains Strong

Oil Investment In Middle East Falls In 2018 But Outlook Remains Strong

Jan 22, 2019 at 11:43 | Irina Slav

New investments in oil and gas production and refining in the Middle East and Africa region fell by 32 percent last year to US$41 billion, according to the latest annual…

NEB Greenlights Preliminary Work On Keystone XL

NEB Greenlights Preliminary Work On Keystone XL

Jan 22, 2019 at 09:19 | Irina Slav

The National Energy Board of Canada has approved preliminary, land-clearing work for TransCanada’s Keystone XL oil pipeline, CBC reports, noting that the approval came following a request by the…

France’s Total Set To Approve New Oil Project Offshore Nigeria

France’s Total Set To Approve New Oil Project Offshore Nigeria

Jan 21, 2019 at 17:56 | Tsvetana Paraskova

France’s Total will officially endorse a decision to proceed with the development of a new project offshore Nigeria, the Ikike project, Patrick Pouyanné, the chief executive of the oil and…

Saudi Oil Exports Hit 2-Year High When U.S. Sanctions On Iran Returned

Saudi Oil Exports Hit 2-Year High When U.S. Sanctions On Iran Returned

Jan 21, 2019 at 17:04 | Tsvetana Paraskova

Saudi Arabia’s crude oil exports jumped by 534,000 bpd month on month in November to 8.24 million bpd—the highest level in years as the Kingdom moved to offset supply losses…

Signatories Should Stick To Iran Nuclear Deal: UN Official

Signatories Should Stick To Iran Nuclear Deal: UN Official

Jan 21, 2019 at 16:55 | Tsvetana Paraskova

The International Atomic Energy Agency (IAEA) has verified several times that Iran is sticking to its commitments in the nuclear deal, and so should all other signatories to the pact,…

Tesla To Start Model 3 Deliveries To Europe In February

Tesla To Start Model 3 Deliveries To Europe In February

Jan 21, 2019 at 15:47 | Tsvetana Paraskova

Tesla expects to begin deliveries of its Model 3 to Europe in February, after having received permission to sell the model in the Netherlands. The Dutch vehicle authority RDW…

Iran Says Japan Restarts Oil Imports

Iran Says Japan Restarts Oil Imports

Jan 21, 2019 at 12:30 | Irina Slav

Japan has resumed purchases of Iranian crude oil, the governor of the central bank of Iran told state news agency IRNA, Reuters reports. “After China, South Korea, India and Turkey,…

China Refiners Break Processing Record In 2018

China Refiners Break Processing Record In 2018

Jan 21, 2019 at 10:51 | Irina Slav

Chinese crude oil refineries processed an average 12.07 million barrels of oil daily in 2018, up by 6.8 percent on the year and the highest daily processing rate on record,…

Mexico Gasoline Pipeline Blast Kills More Than 80

Mexico Gasoline Pipeline Blast Kills More Than 80

Jan 21, 2019 at 09:24 | Irina Slav

A gasoline pipeline in central Mexico that exploded on Friday has killed more than 80 people to date, media report. The initial death toll was a lot lower, but the…

China’s Teapots Don’t See Major Impact From Shandong Oil Product Rules

China’s Teapots Don’t See Major Impact From Shandong Oil Product Rules

Jan 18, 2019 at 17:54 | Tsvetana Paraskova

Chinese independent refiners—commonly known as teapots—are not expected to be heavily impacted by restrictions on production, blending, and sales of oil products that the Shandong province, home to most independent…

Eastern Forces Kill Senior Al Qaeda Commander In Southern Libya

Eastern Forces Kill Senior Al Qaeda Commander In Southern Libya

Jan 18, 2019 at 16:54 | Tsvetana Paraskova

Eastern Libyan forces, who launched earlier this week a military operation in Libya’s south to fight extremists and secure oil facilities, have killed a senior operative for Al Qaeda,…

Tesla Cuts 7% Of Full-Time Jobs To Keep A Lid On Costs

Tesla Cuts 7% Of Full-Time Jobs To Keep A Lid On Costs

Jan 18, 2019 at 16:19 | Tsvetana Paraskova

Tesla said on Friday that it would reduce full-time employee headcount by around 7 percent, aiming to cut costs as it looks to start delivering lower-priced variants of its…

Saudis Look To Build Oil Refinery, Petrochemical Plant In South Africa

Saudis Look To Build Oil Refinery, Petrochemical Plant In South Africa

Jan 18, 2019 at 16:14 | Tsvetana Paraskova

Saudi Arabia plans to build an oil refinery that would use Saudi crude, as well as a petrochemical plant in South Africa, as part of US$10 billion investments, Saudi Energy…

Sinopec Ready To Pour $3 Billion In Iran Oil

Sinopec Ready To Pour $3 Billion In Iran Oil

Jan 18, 2019 at 14:13 | Irina Slav

China’s largest crude oil refiner, Sinopec, has offered US$3 billion to Iran’s state oil company, NIOC, to jointly expand the development of a major field in Iran, the Wall Street…

CNOOC Eyes Doubling Of Reserves By 2025

CNOOC Eyes Doubling Of Reserves By 2025

Jan 18, 2019 at 13:00 | Irina Slav

China’s CNOOC will seek to boost its crude oil reserve base and increase the number of new exploration projects it is involved in twofold over the next seven years, Reuters…

Global Gas Production Reaches Highest Growth In A Decade

Global Gas Production Reaches Highest Growth In A Decade

Jan 18, 2019 at 10:29 | Rystad Energy

The industry achieved a net production increase of 164 billion cubic metres (bcm), which represents the highest production growth since 2010, according to research by Rystad Energy. “Year-on-year growth was…

Washington Likely Keep Iran Sanction Waivers In Place

Washington Likely Keep Iran Sanction Waivers In Place

Jan 18, 2019 at 09:40 | Irina Slav

The United States is unlikely to entirely remove waivers for Iran sanctions it granted to eight large importers of the commodity in November, according to analysts, as quoted by…

Shell: Clean Energy Advances Too Slow To Meet UN Climate Targets

Shell: Clean Energy Advances Too Slow To Meet UN Climate Targets

Jan 17, 2019 at 17:51 | Tsvetana Paraskova

Clean energy solutions are not moving fast enough to meet the UN targets for curbing the effects of global warming, and alternative energies are unlikely to meet those targets without…

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