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African Citizens Face Steep Fines For Not Going Green

Kenyans who have not installed…

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Why Is China Buying Up These Unprofitable Natural Gas Assets?

Chevron’s ‘unprofitable’ natural gas assets…

News

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Shell Opens Vaca Muerta Oil, Gas Treatment Plant

Apr 19, 2017 at 12:26 | Irina Slav

Shell yesterday cut the ribbon on a 10,000-bpd oil and gas treatment plant in its acreage in the Vaca Muerta shale formation in Argentina. The construction project was first announced…

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Algeria Favors Renewable Energy Over Shale Gas

Apr 19, 2017 at 09:38 | Zainab Calcuttawala

Algeria does not need to capitalize on its shale gas reserves because the country’s natural gas and renewable energy resources will meet its power needs, according to Energy Minister Noureddine…

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Surprise Build In Gasoline Inventories Shocks Oil Markets

Apr 18, 2017 at 16:05 | Julianne Geiger

The American Petroleum Institute (API) reported a draw of 840,000 barrels in United States crude oil inventories, compared to analyst expectations for a healthier crude oil draw of 1.5 million…

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Saudi February Crude Oil Exports Drop To 21-Month Low

Apr 18, 2017 at 15:56 | Tsvetana Paraskova

As Saudi Arabia is overcomplying with the OPEC production cuts and showing fellow OPEC members a ‘lead by example’, the Kingdom cut its crude oil exports in February to the…

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China Revives Plan To Launch Shanghai Crude Oil Futures

Apr 18, 2017 at 15:17 | Tsvetana Paraskova

Earlier this year, China was thought to have indefinitely postponed plans to launch a new oil futures contract, but it’s looking now like it is having a change of heart,…

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BP And Monroe Energy Lock Horns Over Oil Supply Contract

Apr 18, 2017 at 12:10 | Irina Slav

BP has filed a lawsuit against Monroe Energy in a federal court, claiming the refiner wrongfully terminated a contract last year. This has become the latest in a string of…

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China Reports 50% Jump In March Shale Gas Production

Apr 18, 2017 at 11:54 | Irina Slav

China reported a 50.4-percent annual increase in its shale gas output for March, to 1.15 billion cu m, with overall gas output rising to 13.6 billion cu m last…

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$2.5 Billion Petrobras, Statoil Deal Halted By Courts

Apr 18, 2017 at 10:13 | Irina Slav

A Brazilian court has suspended the $2.5-billion sale of Petrobras’ stake in the giant Carcara field to Norwegian Statoil after the National Federation of Oil Workers filed a lawsuit arguing…

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Millennials Reject Electric Vehicles In New Survey

Apr 17, 2017 at 18:07 | Zainab Calcuttawala

A new survey of 157,000 participants shows the millennial age group’s striking rejection of electric and self-driving cars, according to a new report by Driving Tests cited by Forbes. Seventy…

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Rick Perry Orders Study Of Renewables’ Effect On U.S. Electric Grid

Apr 17, 2017 at 16:31 | Zainab Calcuttawala

Secretary Rick Perry had ordered his Department of Energy to conduct a study on the United States’ electricity grid to determine whether renewable sources of energy have jeopardized baseload power.…

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