EOG has been drilling in…
As Western nations are withdrawing…
The Biden administration has canceled…
Tesla’s share price, currently at over US$300 apiece, could nosedive to as little at US$84 by the end of next year as a flurry of competitors crowd the EV market,…
Despite the troubles around the ramp-up of its Model 3 production, Tesla is already eyeing the launch of its next model, the Y, in November next year, two unnamed sources…
The lack of consistent comprehensive measurement of breakevens and efficiency gains across upstream oil and gas company portfolios has led to a disconnect between investor returns and the oil price…
Russian billionaire Mikhail Fridman continues to pursue the plans to merge the oil assets of his investment vehicle LetterOne with Wintershall Group, the oil and gas business of Germany’s…
China’s Sinopec, the largest oil refiner in Asia, will shut down its biggest refinery for a major overhaul starting May 1. This will coincide with a period in which Sinopec…
A fifth of U.S. crude oil producers are planning to use their cash flow from operations to fund new production expansion, a survey from Haynes & Boone has found.…
Saudi Aramco and India’s Ratnagiri Refinery & Petrochemicals signed a deal on Wednesday to construct a $44 billion refinery and petrochem project in India. The refinery portion, to be located…
Two years ago, forecasts about the world’s crude oil demand from the International Energy Agency, the Energy Information Administration, and OPEC diverged by 2 million bpd. Later, the gap narrowed…
Alberta Premier Rachel Notley upped the ante on the Trans Mountain oil pipeline by saying the provincial government was prepared to go all the way and buy the whole…
The American Petroleum Institute (API) reported a surprise build of 1.758 million barrels of United States crude oil inventories for the week ending April 6, after analysts had anticipated a…
Despite the fact that Nigeria as a whole managed to increase and stabilize its crude oil production last year, crude oil theft on Shell’s pipeline network resulted in a 50-percent…
The oil market balance as OPEC and allies set in their production cut deal—bringing inventories down to their five-year average—could be reached in two or three months or so, Neil…
The Abu Dhabi National Oil Company (ADNOC) is offering six oil and gas blocks for bidding in a first-ever competitive exploration and production bid round as part of its…
Venezuela’s National Constituent Assembly has finally given the go-ahead to the country’s oil-backed cryptocurrency, El Petro, after the parliament declared it unconstitutional. According to a statement by Vice President…
France’s oil major Total and Saudi Aramco signed on Tuesday a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia, which will see total investments…
Energy relations between the United States and China will deepen in the future, the chairman of state energy giant CNPC, Wang Yilin said in an interview with Bloomberg this week…
Canada’s federal cabinet is to hold an emergency meeting today after yesterday Kinder Morgan’s Chairman Steven Kean warned that the company will suspend work on the Trans Mountain…
Australia is expecting an increase in the value of LNG exports from $23 billion to $39 billion, Australia’s Department of Industry, Innovation and Science said on Monday in its publication,…
Tesla’s stock fell on Monday after a new recall by China’s quality watchdog was issued on Monday for Tesla vehicles in China. Today’s recall announcement is in addition to…
Normalizing relations between the Iraqi central government and Iraqi Kurdistan will take a new twist beginning in May when Iraq’s top court starts hearings on the issue with officials…