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The Race Is On For Philippines’ First LNG Terminal

The Race Is On For Philippines’ First LNG Terminal

The Philippines has struggled to…

Russia Outmaneuvers U.S. LNG

Russia Outmaneuvers U.S. LNG

Washington has attempted for years…

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Australians Create Battery From Waste

Australian battery makers have succeeded…

Energy

U.S. Oil Majors To Break “The Contract Of The Century”

U.S. Oil Majors To Break “The Contract Of The Century”

Dec 05, 2018 at 12:49 | Tsvetana Paraskova

Since the oil industry started to recover from the 2014 price crash, U.S. supermajors ExxonMobil and Chevron have been re-aligning their global operations with their longer-term priorities, betting more on…

Libya Closes All Oil Ports, Expects To Shut-In 150,000 Bpd

Libya Closes All Oil Ports, Expects To Shut-In 150,000 Bpd

Dec 05, 2018 at 11:11 | Tsvetana Paraskova

Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half of the oil production…

The U.S. Pipeline Industry Is Booming

The U.S. Pipeline Industry Is Booming

Dec 05, 2018 at 10:48 | Vanand Meliksetian

Every once in a while, a new technological development shakes up a conservative sector. In the oil and gas industry, the shale revolution has changed the business in multiple ways.…

Iran: Don’t Count On A New OPEC Deal

Iran: Don’t Count On A New OPEC Deal

Dec 05, 2018 at 10:31 | Irina Slav

OPEC’s meeting this Thursday in Vienna may not lead to an agreement to start reducing production, Iran’s OPEC governor said, as quoted by S&P Global Platts. Hossein Kazempour Ardebili…

Alberta Production Cuts Send Canadian Crude Soaring

Alberta Production Cuts Send Canadian Crude Soaring

Dec 05, 2018 at 09:08 | Irina Slav

Canadian crude oil shot up by 35 percent on Monday, narrowing the huge gap with West Texas Intermediate thanks to a controversial decision by the Alberta government to impose production…

The Most Likely Outcome Of The OPEC Meeting

The Most Likely Outcome Of The OPEC Meeting

Dec 04, 2018 at 17:23 | Nick Cunningham

The OPEC+ meeting is set to kickoff, with a press conference scheduled for Thursday afternoon in Vienna. While there seems to be a vague outline of an agreement in hand,…

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

Dec 04, 2018 at 15:39 | Tsvetana Paraskova

A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below…

Is This The Next Disaster For Canadian Drillers?

Is This The Next Disaster For Canadian Drillers?

Dec 04, 2018 at 15:15 | Irina Slav

The government of Alberta this week took an unprecedented decision to enforce a crude oil production cut so excess inventories could be shrunk and the price of western Canadian grades…

Qatar’s OPEC Exit May Just Be The Beginning

Qatar’s OPEC Exit May Just Be The Beginning

Dec 04, 2018 at 14:11 | Tim Daiss

Much has already been written over the last 24 hours by pundits and analysts alike about Qatar’s decision to leave the Organization of the Oil Exporting Countries (OPEC) by January…

OPEC+ Gears Up For Production Cuts

OPEC+ Gears Up For Production Cuts

Dec 04, 2018 at 12:56 | Tom Kool

Oil gained for a second day in a row on Tuesday, pushed up by a trade war truce, pending OPEC+ production cuts, and surprise mandatory output reductions in Canada.

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