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Russia Gains Upper Hand In Asian Oil War

The OPEC output has lifted…

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Combined Compliance For OPEC, Non-OPEC Hits 86%

According to OPEC delegates, OPEC’s…

News

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‘’New Tech Could Unlock Up To $1.6 Trillion In Energy Savings By 2035’’

Feb 16, 2017 at 17:20 | Zainab Calcuttawala

Optimizing energy use could unlock between $900 billion and $1.6 trillion in savings globally in 2035, according to a new report by the McKinsey Global Institute. The savings, which…

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Canadian Oil Patch Pays Higher Salaries As Oil Recovers

Feb 16, 2017 at 16:10 | Tsvetana Paraskova

The recent recovery and stabilization of oil prices has led to increased business confidence for Canada’s oil and gas companies, which expect improved business conditions and project slightly higher salaries…

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Munger: U.S. Should Sit On Oil And Gas Reserves Until OPEC Supplies Run Dry

Feb 16, 2017 at 13:50 | Zainab Calcuttawala

The United States should delay extracting oil and natural gas from the ground until supplies in the Middle East run low, forcing countries who were previously our suppliers to…

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DAPL Protest Camp Evacuated To Prevent Ecological Disaster

Feb 16, 2017 at 13:13 | Zainab Calcuttawala

Governor Doug Burgum of North Dakota ordered on Wednesday the emergency evacuation of protestors stationed at the Oceti Sakowin protest camp, sitting right on the edge of the Standing…

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Private Oil Firms Snap 2/3 Of Fields Tendered In India

Feb 16, 2017 at 12:27 | Irina Slav

Private oil companies were awarded licenses for the development of two-thirds of the 31 small oil and gas fields tendered by the Indian government as part of efforts to…

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Marathon Oil To Spend $2B On U.S. Shale In 2017

Feb 16, 2017 at 10:08 | Irina Slav

Marathon Oil will allocate US$2 billion – the bulk of its capex – for the development of its oil-producing assets at home, in the STACK play, Eagle Ford, and the…

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Tunisia’s Oil & Gas Output Drops 10%

Feb 16, 2017 at 09:46 | Damir Kaletovic

Tunisia has recorded a drop in crude oil and natural gas production of 10.1 percent in 2016 compared to the previous year, in line with forecasts made by authorities…

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Iran Hints At Fears Of South Pars Data Leaks To Qatar

Feb 16, 2017 at 09:23 | Tsvetana Paraskova

Iran says that France’s Total may have to compensate it if the company has disclosed data about South Pars to neighboring Qatar, with which the Islamic Republic shares the

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Alberta’s ‘Orphaned’ Oil Wells Just Doubled

Feb 15, 2017 at 17:02 | Damir Kaletovic

Canada’s oil-rich Alberta province has just doubled the number of ‘orphaned’ oil wells by suspending the oil and gas licenses of Lexin Resources Ltd., bringing the number of orphan wells…

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Trump Scrambles To Take Tough Stance On Russia Over Crimea

Feb 15, 2017 at 16:28 | Damir Kaletovic

In an apparent eleventh-hour attempt to head off a scandal over secret talks with Russian officials that have led to the resignation of his national security advisor, Donald Trump today…

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