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IEA Cuts 2024 Oil Demand Growth Forecast

IEA Cuts 2024 Oil Demand Growth Forecast

Global oil demand growth is…

Ecopetrol, Guerillas and Death Squads: The War for Colombia’s Oil

Ecopetrol, Guerillas and Death Squads: The War for Colombia’s Oil

Colombia’s national oil company, Ecopetrol,…

Energy / Crude Oil

Canada to Drill for Offshore North Atlantic Oil

Oct 01, 2013 at 19:01 | John Daly

First, the good news.Canada’s Calgary-based Husky Energy Inc. and its Norwegian partner Statoil ASA announced a major oil discovery in offshore Newfoundland and Labrador Flemish Pass Basin.

Big Oil Moves North Despite Climate Woes

Sep 28, 2013 at 12:17 | Daniel J. Graeber

The Intergovernmental Panel on Climate Change said Friday the sea ice in the arctic has melted at a rate of at least 9 percent per decade since the late 1970s.…

Canadian Oil Could Soon Head West by Rail

Sep 26, 2013 at 20:14 | Rory Johnston

CN Rail, Nexen, and Ottawa are considering plans to ship Albertan oil to the West Coast of Canada by train, according to new documents obtained by Greenpeace Canada under…

1.5 Billion Barrels of Oil – And No Takers

Sep 25, 2013 at 19:11 | John Daly

Western energy firms are noted for venturing into volatile regions and areas that scare off more faint-hearted capitalists. But one country is even giving these hardened energy companies…

Peak Oil Demand: Peak Oil Didn’t Go Away, it Just Changed its Name

Sep 25, 2013 at 18:57 | Post Carbon

A new phrase has entered our energy lexicon—peak oil demand. The essential idea: prophets of doom who warned about a looming global petroleum shortfall (“peak oil”) were wrong; instead…

Where's the Next Play for the Giants of Oil?

Sep 20, 2013 at 17:23 | Editorial Dept

What will they do with all that cash?That’s the question investors are asking of major oil firms like Apache (NYSE: APA). The company recently completed a…

Libya: The Fate of Oil under an Impotent Government

Sep 20, 2013 at 17:16 | Editorial Dept

As all attention is focused on Syria, and wondering how oil prices might respond to a US strike, where oil is concerned the focus should be on Iraq, which is…

China Buys $5 Billion Share in Kazakhstan’s Kashagan Caspian Field

Sep 18, 2013 at 18:08 | John Daly

One of the greatest overlooked stories of the past two decades is China’s slow economic penetration of the former Soviet Central Asian states. Chinese President Xi Jinping, visiting Kazakhstan on…

Nigeria becoming World’s 1st Failed Petrostate?

Sep 09, 2013 at 17:47 | John Daly

If it is not common for insurgencies to telegraph their intentions in advance, as it can provide defenders with valuable early intelligence, then Nigeria’s Movement for the Emancipation of the…

How Events in Syria Affect the Global Oil Markets

Sep 09, 2013 at 17:39 | James Hamilton

The growing likelihood [1], [2], [3] of U.S. military action in Syria seems to be one factor in the recent sharp rise in oil prices.

Mali: Straight out of Conflict into Exploration

Sep 06, 2013 at 17:03 | Editorial Dept

Mali can barely be called “post-conflict”—despite the rhetoric following the conclusion of 11 August runoff elections—yet oil exploration deals are already being cut in the north. Indeed, they were being…

Looking for the Next Mega Oil Play

Sep 04, 2013 at 16:58 | Dave Forest

News came out last week that Apache is divesting a big chunk of its Egyptian oil acreage.The company will sell one-third of its rights there to Sinopec for…

Tight Global Oil Supplies Turn Syria into an International Problem

Sep 03, 2013 at 17:22 | Kurt Cobb

I've been watching old episodes of The West Wing, the acclaimed television series about life and work in the West Wing of the White House. In one sequence of…

Syria Barely a Blip on International Oil Market

Sep 02, 2013 at 17:30 | Daniel J. Graeber

The International Energy Agency said last week it was staying on the sidelines despite the recent spike in crude oil prices. Brent prices are up more than 10 percent since…

U.S. Regulators Start Oil-by-Rail Probe

Aug 30, 2013 at 21:34 | Daniel J. Graeber

U.S. regulators said last year was the safest on record for the rail industry. In terms of volume, the Association of American Railroads said the cumulative volume of carloads carried…

Kerogen Oil Shale: The Next Rock of Ages?

Aug 30, 2013 at 20:20 | James Stafford

As with everything else, it’s all about economic feasibility. This is the story of kerogen (oil shale), and could be a huge one, or it could just stay in the…

Elections in Norway Decisive for Oil Drillers

Aug 30, 2013 at 20:14 | Editorial Dept

Bottom Line: Norway’s September elections will likely end the battle over oil drilling off the Lofoten islands and pave the way most notably for Statoil ASA (STL) to drill for…

Ecuador Opens Oil Blocks in Amazon Rainforest

Aug 28, 2013 at 16:57 | Southern Pulse

Rafael Correa, the extremely popular president of Ecuador, announced the decision to open additional blocks (Ishpingo, Tambococha, Tiputini) of the Yasuni National Park on 16 August 2013. These…

Tullow to Start Pumping in Kenya Next Year

Aug 27, 2013 at 16:37 | Charles Kennedy

UK-based Tullow Oil Plc (TLW) has announced it will begin pumping its first oil in Kenya as soon as next year, and that Kenya will begin exporting already in

Chevron Regains Foothold in Argentina’s Oil Sector

Aug 21, 2013 at 17:14 | John Daly

What a difference a year makes. Fiercely nationalistic Argentina is again allowing foreign oil firms back into the country.On 16 July Chevron and state energy firm Yacimientos Petroliferos…

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