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Oil Prices Nearing Breakout Levels

Oil Prices Nearing Breakout Levels

The recent rally in oil…

New Sanctions Threat Puts Russian Energy Sector On Edge

New Sanctions Threat Puts Russian Energy Sector On Edge

Growing tensions between Russia and…

News

Venezuela’s Oil Minister: PDVSA Pumping Station Attacked

Venezuela’s Oil Minister: PDVSA Pumping Station Attacked

Feb 20, 2019 at 13:59 | Tsvetana Paraskova

Venezuela’s Oil Minister Manuel Quevedo, a former general appointed by Nicolas Maduro in late 2017 to lead Venezuela’s oil industry and state oil firm PDVSA, has said that a terrorist…

Saudi Aramco Looks To Invest More In India’s Oil Refining Market

Saudi Aramco Looks To Invest More In India’s Oil Refining Market

Feb 20, 2019 at 13:19 | Tsvetana Paraskova

India is an investment priority for Saudi Aramco, the chief executive of the Saudi oil giant Amin Nasser said on Wednesday in New Delhi, noting that Aramco is in…

Commonwealth LNG Strikes Supply Commitments for Louisiana Plant

Commonwealth LNG Strikes Supply Commitments for Louisiana Plant

Feb 20, 2019 at 13:05 | Irina Slav

Commonwealth LNG has struck purchase commitments with European clients for almost half the annual capacity of its liquefaction plant in Louisiana, Reuters reports, quoting chief executive Paul Varello. The…

Alberta Increases Oil-by-Rail Bet with 4,400 Rail Cars Lease

Alberta Increases Oil-by-Rail Bet with 4,400 Rail Cars Lease

Feb 20, 2019 at 12:02 | Irina Slav

Alberta has increased its bet on oil-by-rail transportation in the absence of new pipeline projects moving ahead, and will now lease 4,400 new rail cars to move more of its…

TransCanada Restarts Keystone

TransCanada Restarts Keystone

Feb 20, 2019 at 09:33 | Irina Slav

TransCanada has restarted a section of its Keystone oil pipeline that was shut down after a leak of about 43 barrels of crude occurred in Missouri earlier this month, Reuters…

Iran’s Oil Exports Higher Than Expected In January, February

Iran’s Oil Exports Higher Than Expected In January, February

Feb 19, 2019 at 13:05 | Tsvetana Paraskova

Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s…

$44B Indian-Saudi-UAE Oil Refinery Hinges On India’s Elections

$44B Indian-Saudi-UAE Oil Refinery Hinges On India’s Elections

Feb 19, 2019 at 12:45 | Tsvetana Paraskova

The fate of a proposed mega refinery and petrochemical complex in India worth US$44 billion and involving the national oil companies of Saudi Arabia and the UAE could depend…

TransCanada Applies For West-East Gas Shipment Clearance

TransCanada Applies For West-East Gas Shipment Clearance

Feb 19, 2019 at 12:35 | Irina Slav

TransCanada has applied with the National Energy Board of Canada for permission to start transporting natural gas from the west of the country to New Brunswick in the east, using…

Citgo Ousts Executives Close To Maduro

Citgo Ousts Executives Close To Maduro

Feb 19, 2019 at 12:24 | Irina Slav

Citgo, the U.S. unit of Venezuela’s PDVSA, has removed from their positions four top executives as the battle for control over the company between the Maduro government and the opposition,…

Equinor Plans Start Of Drilling In Australia Next Year

Equinor Plans Start Of Drilling In Australia Next Year

Feb 19, 2019 at 10:10 | Irina Slav

Norway’s Equinor plans to start exploratory drilling offshore Australia next year, the company said in the draft environmental plan it released today for public comment as part of efforts…

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