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ConocoPhillips Moves To Seize Venezuelan Oil Assets

ConocoPhillips Moves To Seize Venezuelan Oil Assets

Oil major ConocoPhillips has seized…

China Aims For 1 Million EV Sales In 2018

China Aims For 1 Million EV Sales In 2018

With support from the government…

The Double-Edged Sword Of High Oil Prices

The Double-Edged Sword Of High Oil Prices

As oil prices continue to…

News

Investors With $10.4 Trillion Assets Urge Big Oil To Tackle Climate Change

Investors With $10.4 Trillion Assets Urge Big Oil To Tackle Climate Change

May 18, 2018 at 16:18 | Tsvetana Paraskova

Large global investors—representing a combined US$10.4 trillion worth of assets under management—urged oil and gas companies on Friday to start acting responsibly in tackling climate change, putting pressure on Big…

B.C. Businesses, First Nations Side With Alberta On Trans Mountain

B.C. Businesses, First Nations Side With Alberta On Trans Mountain

May 18, 2018 at 16:18 | Irina Slav

A delegation including almost a hundred businesses from British Columbia as well as labor union and Aboriginal community leaders are visiting Edmonton to demonstrate their support for the expansion…

Kenya Says It’s Ready For 70,000 Barrels Of Pilot Oil Exports

Kenya Says It’s Ready For 70,000 Barrels Of Pilot Oil Exports

May 18, 2018 at 16:18 | Tsvetana Paraskova

Kenya has stored 70,000 barrels of oil in the north of the country, waiting to be trucked to the Mombasa port for pilot exports, but revenue sharing talks are still…

Shell Declares Force Majeure On Bonny Light Shipments

Shell Declares Force Majeure On Bonny Light Shipments

May 18, 2018 at 11:26 | Irina Slav

The Nigerian subsidiary of Shell has declared force majeure on Bonny Light exports because of the shutdown of the Nembe Creek pipeline, which has led to the accumulation…

Ghana Looks To Award Nine Offshore Oil Exploration Blocks

Ghana Looks To Award Nine Offshore Oil Exploration Blocks

May 18, 2018 at 08:58 | Tsvetana Paraskova

West African country Ghana, a relative newcomer to the oil industry, plans to award as many as nine offshore blocks off its west coast in 2018 and 2019, Ghana’s…

Saudi Arabia, UAE Assuage Oil Supply Fears

Saudi Arabia, UAE Assuage Oil Supply Fears

May 17, 2018 at 17:27 | Julianne Geiger

Oil ministers from both the United Arab Emirates and Saudi Arabia reaffirmed on Thursday their commitment to ensure the steady supply of oil, even though the recent oil price hikes…

UK Looks To Fast-Track Shale Gas Drilling Approval

UK Looks To Fast-Track Shale Gas Drilling Approval

May 17, 2018 at 17:20 | Tsvetana Paraskova

The UK government announced on Thursday plans to facilitate timely decisions on shale gas exploration planning applications in England as part of a plan to reduce dependence on gas…

World’s Biggest Oil Traders Vie To Buy Petrobras Nigerian Assets

World’s Biggest Oil Traders Vie To Buy Petrobras Nigerian Assets

May 17, 2018 at 17:09 | Tsvetana Paraskova

Vitol, Glencore, and Shell—the three biggest oil traders in the world—are in the running to buy the Nigerian oil assets of Brazil’s state oil firm Petrobras, Reuters reported on…

Gazprom’s Gas Pipeline To China 83% Completed

Gazprom’s Gas Pipeline To China 83% Completed

May 17, 2018 at 15:56 | Tsvetana Paraskova

Gazprom is advancing with the construction of its Power of Siberia pipeline to China, which is now 83 percent complete, as the Russian gas giant looks to supply more…

Goldman: Tesla May Fall Short Of Targets Without More Funding

Goldman: Tesla May Fall Short Of Targets Without More Funding

May 17, 2018 at 14:10 | Tsvetana Paraskova

Elon Musk says that Tesla won’t need to raise money this year, but by 2020 the company may need to raise more than US$10 billion to fund its ambitious…

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