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ChatGPT's Surprising Environmental Footprint Revealed

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Oil, Gas Drilling Slows To 19-Month Low In U.S.

Oil, Gas Drilling Slows To 19-Month Low In U.S.

The total number of active…

A Potentially Bearish Signal For Oil Markets

A Potentially Bearish Signal For Oil Markets

While bullish fundamentals have been…


Higher U.S. Oil Drilling Has An Unexpected Effect

Dec 02, 2013 at 17:02 | Dave Forest

Platts reported some unusual findings last week as part of a new study.Looking at oil versus natural gas drilling in the U.S.The analysts found that since…

Small Company’s New Subsea Wellhead Tap Design Attracts Oil Majors Interest

Nov 29, 2013 at 16:39 | John Daly

As offshore drilling moves into deeper waters, new engineering techniques are needed to cope with temperatures that can hit 150 degrees Celsius, with crushing pressures that can exceed 25,000 pounds…

New Study Finds Higher Methane Emissions from Fracking

Nov 29, 2013 at 16:34 | Nick Cunningham

A major new study finds that methane emissions from the production of shale gas may in fact be higher than previously thought. The study, published in the Proceedings of…

PetroChina to Buy Exxon Stake in Iraqi Oil Field

Nov 29, 2013 at 16:32 | Joao Peixe

Exxon Mobil Corp. is preparing to sell a 25% stake in an Iraqi oilfield to PetroChina as China eyes Iraq as one of its key suppliers. PetroChina will…

China Increases Purchases of LNG on Spot Market

Nov 29, 2013 at 16:29 | Nick Cunningham

A push for cleaner air is driving China to become a bigger player in the global trade for liquefied natural gas (LNG). China relies on burning coal for over…

Only Oil Insiders Are Looking At This Play

Nov 29, 2013 at 16:11 | Editorial Dept

U.S. oil men usually love their home turf. Especially today, with U.S. shale plays yielding some of the best production and reserves numbers on the planet.But one industry…

Why the Iranian Nuclear Deal Could Lead to an Increase in Oil Prices

Nov 29, 2013 at 16:09 | Dan Dicker

Why is Brent crude rallying in the face of a new Iran nuclear deal?  Two words might explain it:  Saudi Arabia. No one was more upset, save for…

Oil Supply Outages Leave Spare Capacity Tightest Since 2008

Nov 29, 2013 at 16:08 | Nick Cunningham

There has been quite a sell-off in oil in the last few months. First, the deal between Iran and the West made front-page headlines and sparked speculation of an imminent…

Will Rail Become the Next Target of Oil Protests?

Nov 28, 2013 at 18:08 | Daniel J. Graeber

A watchdog report said the Canadian government isn't doing enough to ensure the rail transport industry is monitored effectively. With rail one of the few viable alternatives to pipelines, the…

Gazprom Takes on Lithuania with New LNG Terminal

Nov 28, 2013 at 18:02 | Charles Kennedy

Russian state-owned gas giant Gazprom is eyeing late 2017 for the completion of a liquefied natural gas (LNG) terminal on the Baltic Sea coast of Kaliningrad as the company seeks…

Kurdistan Set to Begin Oil Exports to Turkey with New Pipeline Next Month

Nov 28, 2013 at 17:56 | Nick Cunningham

Kurdistan’s Prime Minister announced oil exports will begin in December from a new pipeline, marking a major milestone for the semi-autonomous region in Iraq. During an interview with reporters…

Mexico’s Pemex Moves to Boost Maritime Fleet

Nov 28, 2013 at 17:51 | Charles Kennedy

Mexican state-owned oil giant Pemex is moving swiftly to boost its maritime fleet with confirmation of a deal to acquire a majority share in a Spanish shipyard, a shipyard deal…

How the World will Benefit from a Deal with Iran

Nov 28, 2013 at 17:46 | Energy Post

The interim-deal with Iran should be given a fair chance, argues Friedbert Pflüger, Director of the European Centre for Energy and Resource Security (EUCERS). The world economy would benefit if…

As Canadian Oil Transit by Rail Increases, Safety Regulations Fall Behind

Nov 27, 2013 at 17:30 | John Daly

In light of a recent spate of railway accidents involving dangerous cargoes, Canada is revising its laws regarding railways transporting hazardous material, including oil. The new regulations will require…

Another Israeli Gas Find in the Levant Basin?

Nov 27, 2013 at 17:19 | Charles Kennedy

Houston-based Noble Energy and Israeli energy company Delek Group said on 26 November that another gas find may be in the works with signs of a natural gas discovery in…

Despite Climate Fears, World Economy Runs on Fossil Fuels

Nov 26, 2013 at 17:33 | Daniel J. Graeber

Statoil Chief Executive Officer Helge Lund said those advocating for a future without fossils fuels are pining for a future economic era that may never come. "We have to…

Shell Produces Gas at Record Low Cost in China

Nov 26, 2013 at 17:30 | Charles Kennedy

Royal Dutch Shell has announced it is producing natural gas at its Changbei project in China at a major discount and plans to start test production in the second phase…

A Civics Lesson on Government-Private Collaboration

Nov 26, 2013 at 17:25 | Llewellyn King

The world is awash in natural gas and, to a somewhat lesser extent, in oil. This is due to the controversial but hugely effective technology of hydraulic fracturing, known as…

Despite Reforms, Brazil and Mexico Lack Energy Investment

Nov 25, 2013 at 18:05 | Global Risk Insights

The International Energy Agency (IEA) report, released last week, features Brazil as both a world leader in renewable energy and soon to be a major exporter of oil. The…

BP at Heart of Revived Dispute over Kirkuk Oil

Nov 25, 2013 at 17:51 | Charles Kennedy

Iraqi central authorities in Baghdad have announced plans to go ahead with a controversial deal with British oil giant BP Plc. to revive the giant oilfield in disputed Kirkuk in…

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