China is looking to hold…
A new catalyst made from…
Libyan Oil Sabotage: The Next Phase Nearly one-third of Libya’s oil output was taken offline for three days this week after a pipeline was sabotaged from the giant Al-Sharara field,…
For the last couple of years, the deepwater drillers have been telling us that a recovery in day rates that would provide meaningful support for their share price, was right…
With much of our attention focused on the resolution of the Iran conundrum, Venezuela heaved a temporary sigh of relief. Not only did it manage to overturn a seemingly terminal…
With tankers detained and drones shot down the geopolitical mess surrounding Iran does not look to be ending anytime soon. Iran’s seizure of a UK-owned chemical tanker and the brief…
The extension of the OPEC+ oil production cuts into 2020 will impact the economies of the key Arab oil producers, according to a quarterly Reuters poll of 30 economists,…
Halliburton is cutting its workforce and shelving fracking equipment amid a slowdown in the U.S. shale industry. The oilfield services giant said that its revenue fell 13 percent in the…
A day after the American Petroleum Institute reported a stunning crude oil inventory draw of over 10 million barrels continuing a string of weekly declines, the Energy Information Administration…
The recent announcement that Saudi Arabia’s Alfanar Group is to set up an office in the U.K. to oversee its multi-billion dollar renewable investments there is interesting not for says…
The political fortunes of the Kurds have ebbed and flowed over the decades. After a good run since achieving semi-autonomy in northern Iraq following the 1991 Gulf War, shifting Middle…
The tanker battles are escalating once again, but the threat of outages and rising tension in the Persian Gulf has failed to meaningfully move oil prices. On Friday, Iranian forces…
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Venezuela, the country sitting on the world’s largest oil reserves, could be pumping as little as below 500,000 bpd of crude oil next year amid the economic and political crisis,…
An oil tanker idling off the coast of Yemen may be nearing an explosion, The Guardian reports citing experts and a warning by the UN-recognized Yemeni government. The government,…
The oil market has changed so much over the past five years that fast-growing non-OPEC oil production limits oil price gains from a spike in tensions in the Middle East,…
Solar modules prices in the United States have reversed in recent months the trend of steady declines of the past few years, as many U.S. solar companies are hoarding panels…
There’s a lot of talk at the moment about the rise of the robot and the fourth subsea revolution. The industry has always been a major driver…
A supply overhang in natural gas will persist into the next decade, the Royal Bank of Canada has projected, adding that China will be the single biggest driver of demand…
Wall Street banks have started preparing their positions on oil ahead of the annual Mexico oil hedge, in which Mexico places bets of as much as US$1 billion to protect…
With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs…
Despite the rapid growth of renewable energy over the past decade, fossil fuels still dominate global energy consumption. According to BP’s recently-released Statistical Review of World Energy 2019, fossil fuels represented 84.7…