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OPEC Oil Reserves in Decline

OPEC Oil Reserves in Decline

Rystad Energy disputes OPEC’s claim…

The EU Is Facing a Looming Gas Supply Crisis

The EU Is Facing a Looming Gas Supply Crisis

The expiration of the Russia-Ukraine…

Energy

Ex-BP Engineer on Trial for Gulf of Mexico Spill

Dec 05, 2013 at 17:01 | Joao Peixe

The trial of a former BP Plc engineer for criminal charges related to the 2010 Gulf of Mexico oil spill off the coast of Louisiana began on Monday, 2 December,…

Sustainability is Only Achievable if New Systems are Better than Old Ones

Dec 05, 2013 at 16:54 | Kurt Cobb

No doubt you know someone who's told you about his or her great aunt who lived to be 98 and never went to a doctor. Or maybe it was a…

Frack-Water Recycling, an Emerging Market

Dec 04, 2013 at 17:49 | Charles Kennedy

Some 21 billion barrels of wastewater a year flows from oil and natural gas wells in the US, and while the market to recycle frack water has been slow to…

Louisiana Loses ‘Millions’ in Oil Extraction Tax Glitch

Dec 04, 2013 at 17:44 | Joao Peixe

Procedural inadequacies at the Department of Revenue have reportedly cost the state of Louisiana millions of dollars in oil and gas extraction taxes between 2009 and 2012, according to the…

Why are Gas Prices Falling, and How Long will the Trend Last?

Dec 04, 2013 at 17:35 | Dave Summers

Filling up at the local gas station yesterday I noted that prices are still below $3.00 a gallon, though at $2.99 only just below. Going back to the BBC…

Trans-Adriatic Pipeline Takes Step Forward

Dec 03, 2013 at 17:03 | Nick Cunningham

The Trans-Adriatic Pipeline (TAP) cleared an important hurdle on December 2nd when the Greek Parliament ratified a host agreement to allow access through Greek territory. The move was important…

No Need for More Iranian Oil, U.S. Says

Dec 03, 2013 at 16:55 | Daniel J. Graeber

Iran says it expects a major boost in oil exports now that it has a nuclear deal in hand. In a sign the market is able to do without, however,…

Supply Considerations Key As OPEC Members Head To Vienna

Dec 03, 2013 at 16:52 | Rory Johnston

The Organization of Petroleum Exporting Countries (OPEC) is preparing to convene this week in Vienna for its final quota-setting meeting of the year. Potential tension may arise from attempts to…

China’s Sinopec Eyes Stake in Canadian LNG Project

Dec 03, 2013 at 16:49 | Joao Peixe

China's state-owned Sinopec is said to be in talks with US-based Apache Corporation to acquire a stake in a $15-billion natural gas export project in British Columbia.  Chevron…

UK Gym Runs on Electricity Generated by Member’s Workouts

Dec 03, 2013 at 16:47 | Green Futures

As energy costs rise, a health club in Bristol has installed new equipment to harness the power of their customers.A health club in Bristol has installed new equipment…

Rising Slag Heaps of Petcoke in Midwest Arouse Environmental Concerns

Dec 02, 2013 at 17:13 | John Daly

One by product of the long-delayed Keystone XL pipeline decision is that rising volumes of Canadian crude, particularly Alberta oil sands, are being refined in the Midwest rather than being…

Europe and Its Slippery Energy Slope

Dec 02, 2013 at 17:09 | Llewellyn King

BRATISLAVA, Slovakia -- Europe, at present the world's largest market and largest economic bloc, is in decline and living standards are in danger. That was the sober message at an…

Rosneft, Eni Ink Key Oil Supply Deal

Dec 02, 2013 at 17:06 | Joao Peixe

Russia's Rosneft and Italy’s Eni have announced they will sign an agreement on mutual oil supplies to European refineries. The new agreement comes amid increased cooperation and…

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…

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