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Energy / Energy-General

Shale Breakevens Rise Amid Production Surge

Mar 29, 2018 at 17:55 | Nick Cunningham

The U.S. shale industry is undergoing a significant overhaul, with a series of announcements from drillers indicating a shift in strategy. U.S. shale companies are set to increase their capital…

EV Battle Heats Up Amid Trump Tariffs

Mar 29, 2018 at 15:10 | Tsvetana Paraskova

Electric vehicle makers have largely relied on aluminum to make their cars lighter in hopes of offsetting the weight of the battery pack and reducing overall weight in order to…

Oil Majors Should Invest In Deepwater Drilling

Mar 29, 2018 at 15:05 | Jon Sterling

Following a record year for production, deepwater drilling may be bound for another round of investment. All the oil and gas exploration financed in the decade of high prices that…

An Energy Crisis Is Looming In South-East Europe

Mar 29, 2018 at 13:53 | Gary Norman

Since the dissolution of the Eastern Bloc, energy production in Southeast Europe (SEE) has been stymied by chronic underinvestment. As a result, infrastructure in the region is struggling to meet…

US Oil Rig Count Dips As Prices Rise

Mar 29, 2018 at 12:16 | Julianne Geiger

Baker Hughes reported a 2-rig decrease to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 993, which…

Funding Soars For Extreme Fossil Fuels

Mar 29, 2018 at 11:49 | Nick Cunningham

Big banks are still lending colossal sums to “extreme” forms of fossil fuel projects, with lending actually jumping by 11 percent in 2017 compared to the year before. The Paris…

$9.5B Deal Creates Biggest Player In The Permian

Mar 29, 2018 at 09:01 | Irina Slav

Concho Resources has struck a deal to acquire natural gas peer RSP Permian for US$9.5 billion in an all-stock deal that is the biggest acquisition in the sector since…

Augmented Reality Is A Game Changer For Oil & Gas

Mar 28, 2018 at 17:27 | Tsvetana Paraskova

Augmented reality and virtual reality technology is expanding beyond gaming and beyond chasing and catching Pokemon. Now, it’s hit the oil industry and aims to save it money.   The…

Alberta's Aggressive Renewable Energy Push

Mar 28, 2018 at 14:53 | Irina Slav

One Canadian province has set its sights on generating almost a third of its electricity from renewable sources by 2030. This will take some US$7.77 billion (C$10 billion) in investments…

What Big Oil Can Learn From Typewriters

Mar 28, 2018 at 14:01 | Peter Tertzakian

Typewriters became obsolete. Therefore, oil will follow a sunset script too. This logic may seem disjointed and even a little pithy, but there are parallels that run far deeper than…

Will Lithium-Air Batteries Ever Become Viable?

Mar 28, 2018 at 11:59 | Irina Slav

Lithium-air batteries sound too good to be true—using the oxygen available in the air to produce electricity. Theoretically, they could become serious competitors to lithium-ion batteries; but so far, a…

Oil Prices Fall As EIA Confirms Inventory Build

Mar 28, 2018 at 10:00 | Irina Slav

After a surprise 5.32-million-barrel inventory build reported by the American Petroleum Institute (API) weighed on oil prices yesterday, the Energy Information Administration (EIA) is reporting a build of…

The Energy Giant Taking Over Kurdistan

Mar 27, 2018 at 16:55 | Viktor Katona

After the steady buildup of a burgeoning strategic partnership between the Russian national oil company and Kurdistan’s Regional Government (KRG), the year 2018 threw cold water on the ambitious…

Oil Prices Slip On Profit Taking

Mar 27, 2018 at 14:14 | Tom Kool

Despite a busy start to the week in oil news, crude prices slipped Monday and Tuesday as traders collecte profits from last week's jump.…

Saudi Crown Prince Looks To Build The Largest Oil Cartel In History

Mar 27, 2018 at 10:38 | Tsvetana Paraskova

OPEC and Russia are looking to solidify their cooperation on crude oil production for another decade or two, Saudi Crown Prince Mohammed bin Salman told Reuters in an interview…

Europe Cracks Down On Diesel Vehicles

Mar 27, 2018 at 09:19 | Jon LeSage

Diesel-powered passenger vehicle sales are declining in Europe as governments put more pressure on automakers to cut production and sales in the post-Volkswagen diesel emissions cheating scandal landscape. Diesel passenger…

OPEC Scrambles To Justify Output Cuts

Mar 26, 2018 at 17:24 | Nick Cunningham

Oil inventories are approaching the five-year average level in OECD countries, the all-important threshold for “re-balancing” the oil market. A year and a half on from OPEC’s original deal to…

Trump Looks To Undo Fuel Efficiency Standards

Mar 26, 2018 at 16:56 | Nick Cunningham

The Trump administration is laying the groundwork to gut fuel efficiency standards for U.S. cars and light trucks, one of the signature achievements of the Obama era. The EPA has…

Oil Rig Competition Flares Up Amid Permian Boom

Mar 26, 2018 at 14:35 | Tsvetana Paraskova

Surging U.S. oil production on the one hand, and the exploration and production companies’ focus on keeping costs in check on the other, have prompted drilling rig makers to shift…

Uzbekistan Looks To Export Electricity To Afghanistan

Mar 26, 2018 at 14:29 | Eurasianet

Senior officials with Uzbekistan’s state-run power company have said work has begun on building power cables to Afghanistan that will enable them to increase exports by 70 percent. Uzbekenergo chief…

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