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U.S. Drilling Activity Inches Up

U.S. Drilling Activity Inches Up

The total number of active…

Oil Prices Move Higher After a Volatile Week

Oil Prices Move Higher After a Volatile Week

After a volatile week, oil…

Energy / Energy-General

Fracking Under Fire In California

Nov 20, 2019 at 16:06 | Nick Cunningham

California Governor Gavin Newsom just dealt a blow to the oil industry, placing a temporary moratorium on new fracking permits in the state until scientists complete an independent review…

Can Iraq Become A World Class Petrochemicals Player?

Nov 20, 2019 at 12:48 | Simon Watkins

Theoretically, there is no reason why Iraq cannot become one of the leading producers of petrochemicals in the world, given its tremendous reserves of oil and gas. Finally, with a…

The Next Stage Of The Electric Vehicle Boom

Nov 20, 2019 at 12:42 | Haley Zaremba

Transportation needs to clean up its act. As we edge closer and closer to a greenhouse gas emissions tipping point toward catastrophic climate change, it becomes harder to deny that…

Iran’s President Blames ‘Enemies’ For Massive Fuel Hike Protests

Nov 20, 2019 at 12:21 | Tsvetana Paraskova

Iranian President Hassan Rouhani said on Wednesday that Iran and its people have defeated the conspiracies of its enemies and claimed victory in the nationwide protests in the country following…

Oil Prices Higher Despite Bearish Inventory Data

Nov 20, 2019 at 09:49 | Irina Slav

Crude oil prices rose slightly after the Energy Information Administration reported a crude oil inventory build of 1.4 million barrels for the week to November 15. At 450.4 million…

The Truth About The World’s Deepest Oil Well

Nov 19, 2019 at 16:36 | Irina Slav

How deep into the ground do we have to go to tap the resources we need to keep the lights on? How deep into the ground are we able to…

Tech Breakthrough Could Spark A Geothermal Energy Boom

Nov 19, 2019 at 15:21 | Haley Zaremba

Geothermal energy is often billed as one of “the cleanest energy sources” --and with good reason. It’s carbon-free, renewable, and efficient. Even those stoic anti-hyperbolists over at the United States…

This Texas Oil Town Sees Strongest Salary Growth In US

Nov 19, 2019 at 13:13 | Tsvetana Paraskova

Driven by the U.S. shale boom in the Permian basin, personal income in Midland County, Texas, grew by the highest percentage—17.5 percent—of all metropolitan counties in the United States last…

Oil Sinks As Trade War Sentiment Turns Sour

Nov 19, 2019 at 13:13 | Tom Kool

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This Underdog Could Soon Become The World’s Largest Oil Producer

Nov 19, 2019 at 12:04 | Rystad Energy

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. Brazil’s biggest-ever

Goldman: Go Long On Fracking

Nov 19, 2019 at 10:19 | Metal Miner

Judging by the share price of shale oil and gas producers, you would think the industry is one from which to keep well away. Goldman Sachs, however, is recommending clients…

The Worst Is Over For Oil Markets

Nov 18, 2019 at 16:15 | Nick Cunningham

Some analysts see the world dodging a recession next year, which provides some upward room for oil prices. Last week, the IEA warned last week that “the hefty supply…

The Race To Develop A 50 Billion Barrel Oilfield

Nov 18, 2019 at 16:10 | Simon Watkins

Both China and Iran think that sufficient time has passed from the furore in both countries that followed media reports of a slew of extremely favourable deals awarded by…

Houthis Rebels Hijack Saudi Ship Carrying Oil Rig

Nov 18, 2019 at 16:04 | Julianne Geiger

The Iranian-aligned Houthis in Yemen have seized a vessel that was towing a South Korean drilling rig that was in the Red Sea, the Saudi-led collation said on Monday, in…

This European Nation Is Planning A Complete Offshore Oil Ban

Nov 18, 2019 at 13:08 | Viktor Katona

Just as most of the public attention of the past weeks was turned to the US-China trade war and the possibility of an OPEC+ deal extension, the European nation of…

Iraq’s Largest Oil Fields Threatened By Anti-Government Protests

Nov 18, 2019 at 13:07 | Tsvetana Paraskova

Anti-government protests in Iraq continued on Monday, with protesters blocking roads leading to five oil fields in the southern Iraqi province of Basra, which is home to the biggest oil…

Oil Majors Go On $27 Billion Selling Spree

Nov 18, 2019 at 12:16 | Rystad Energy

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total $27.5 billion, according to Rystad Energy’s latest…

Vigilante Offers $100,000 Bounty To Hack Oil & Gas Companies

Nov 18, 2019 at 11:35 | Tsvetana Paraskova

One of the world’s most influential hackers is offering up to US$100,000 in cryptocurrency to hackers who break into oil firms and banks to leak information of public interest.…

36 Dead Following Fuel Protests In Iran

Nov 18, 2019 at 10:49 | Irina Slav

A Friday announcement by the government in Tehran that fuel prices will be hiked by as much as 50 percent and the commodity will be rationed sparked protests across the…

Aramco Reveals Its Valuation

Nov 18, 2019 at 09:24 | Irina Slav

Aramco will sell the first tranche of shares in its long-awaited initial public offering at a price of 30-32 riyals, ($8-8.52), which would give the company a total value of…

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