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Rising Star Octopus Energy Signs Energy Storage Deal

Rising Star Octopus Energy Signs Energy Storage Deal

Gresham House Energy Storage Fund…

Oil Bounces Back on Rate Cut Optimism

Oil Bounces Back on Rate Cut Optimism

The market reacted positively to…

These Are the World's Biggest Oil Reserves

These Are the World's Biggest Oil Reserves

Russia's discovery of colossal oil…

Energy

Oil Production Aside, Middle East still Matters

Jul 22, 2013 at 15:37 | Daniel J. Graeber

Labor demonstrations in eastern Libya have forced the closure of a key port for nearly a week. A small band of protesters have created big problems for the country as…

Why Big Oil is Shifting Away from the Gulf of Mexico

Jul 19, 2013 at 23:33 | Daniel J. Graeber

A BP official who led the company before the 2010 incident in the Gulf of Mexico marked his return to the region in a $3.75 billion deal with Houston-based Apache.…

Mexico’s Oil Auction Snubbed Ahead of Hoped-for Privatization

Jul 19, 2013 at 23:30 | Charles Kennedy

Mexican state-run Pemex’s 11 July auction of six onshore oil leases in the Chicontepec Formation fell flat, with the three largest concessions receiving no bids despite early interest by more…

6 Key Oil & Gas Discoveries of 2013 – Who’s Worth Owning

Jul 19, 2013 at 23:06 | Editorial Dept

The pace of oil and gas exploration is frightening, and discoveries are weekly, if not daily, with volumes investors would only have dreamt of a decade ago. With each new…

Oil Market Forecast & Review 19th July 2013

Jul 19, 2013 at 22:47 | Jim Hyerczyk

September Crude Oil futures reached a new high for the year this week, but there was very little follow-through. This is a good sign that conditions are overbought and that…

Ukraine: Unexpected Oil Find, Major Gas Interest

Jul 19, 2013 at 22:44 | Editorial Dept

Bottom Line: We see a flurry of activity in Ukraine, with a $735 million Black Sea commitment by Exxon, an unexpected 100 million barrel oil find in the Poltava region…

Russia Prepares To Liberalize LNG Exports

Jul 19, 2013 at 22:36 | Editorial Dept

Bottom Line: By January 2014, Russia may liberalize LNG exports currently monopolized by state-run Gazprom, in order to make room for expansion of LNG exports to the Asia-Pacific region.

This Week in Energy: $3 Gas Prices are a Thing of the Past

Jul 19, 2013 at 11:49 | James Stafford

This quarter’s oil and gas M&A activity; rising US oil production and the disconnect at the pump; discovery of new oil field in Kuwait, and a few hints at what’s…

State Department Approves (Non-Keystone) Pipeline to Canada

Jul 18, 2013 at 17:26 | Robert M Cutler

The U.S. State Department approved on Wednesday a pipeline to Canada. However this was not the controversial Keystone XL pipeline that has been the subject of environmental and…

Waiting on Kenyan Oil, the Market Grows Impatient

Jul 18, 2013 at 17:24 | Charles Kennedy

It’s been well over a year now since London-listed Tullow Oil struck it big in Kenya, making the country’s first massive oil discovery that set the stage for Kenya to…

Australia – Next Petro Superstate?

Jul 17, 2013 at 17:04 | John Daly

Australia’s massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely.The U.S. government’s Energy Information Administration noted in its country’s analysis…

Will Central Asia Replace the Middle East as Prime Oil Source?

Jul 16, 2013 at 17:16 | Claude Salhani

One of the prime reasons why the Middle East holds such importance to the West is partiality because it is the main supplier of oil and natural gas to countries…

Exxon Takes $735M Black Sea Plunge

Jul 16, 2013 at 17:14 | Charles Kennedy

Exxon Mobil Corp (XOM) is reportedly preparing to spend a whopping $735 million to drill two deep-water wells offshore Ukraine, in the Black Sea. The deal involves a…

Why are Oil Inventories Down if Production is Increasing and Demand is Falling?

Jul 16, 2013 at 17:06 | Dian L. Chu

The 20 Million Drawdown in a sluggish economyThe last two weeks oil inventories fell by a record 20 million barrels, this event has never happened in 30 years…

So About that $2 Gas …?

Jul 15, 2013 at 18:21 | Daniel J. Graeber

U.S. gasoline prices are expected to remain volatile for the month because of geopolitical fallout in the Middle East. Concerns over the global oil supply are fading away from the…

Is it Time to Stop Worrying about Peak Oil?

Jul 15, 2013 at 18:14 | Futurity

Demand for oil will reach its own peak and decline before humans deplete the Earth’s supply of oil, experts say.“Peak oil” prognosticators have painted pictures of everything from…

Oil and Gas M&As; Reached $25 Billion in Q2 2013

Jul 15, 2013 at 18:10 | MINING.com

PLS Inc., a Houston-based research, transaction and advisory firm, in conjunction with its international partner, Derrick Petroleum Services, announced that global M&A oil and gas upstream deal activity for…

British North Sea Oil Decline Opens Window for Smaller Producers

Jul 12, 2013 at 19:41 | John Daly

British oil production from its offshore North Sea oil fields began in 1975, alongside Norway.The two countries pursued very different policies as regards investing the cash windfall –…

Brazil’s Hot Libra Auction: Worth the Price?

Jul 12, 2013 at 19:39 | Southern Pulse

The 21 October pre-salt auction of the Libra field off Brazil’s Atlantic coast is one of the most hotly anticipated hydrocarbon concession issuances ever. The field, around well…

Oil May Determine South Sudan's Future

Jul 12, 2013 at 19:36 | Daniel J. Graeber

Oil exports from South Sudan are expected to gain steam in the coming months. The country last week celebrated its second anniversary as an independent country and only recently resumed…

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