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News

OPEC Discusses Delaying Key Meeting To July 11-12

OPEC Discusses Delaying Key Meeting To July 11-12

Jun 18, 2019 at 11:06 | Tsvetana Paraskova

Just a week before OPEC and allies were set to meet in Vienna to discuss the fate of the production cut deal expiring in less than two weeks, participants are…

Struggling PDVSA Plans To Restart Curacao Refinery

Struggling PDVSA Plans To Restart Curacao Refinery

Jun 18, 2019 at 09:50 | Irina Slav

Venezuela’s struggling oil company PDVSA plans to resume operations at its Isla refinery on Curacao, a company official who wished to remain unnamed told S&P Global Platts. The refinery…

U.S. Will Send 1,000 Troops To Mideast As Tensions Continue To Rise

U.S. Will Send 1,000 Troops To Mideast As Tensions Continue To Rise

Jun 18, 2019 at 09:40 | Irina Slav

The Pentagon will send 1,000 additional U.S. troops to the Middle East on request from the Central Command for additional forces, Newsweek reports, citing a statement by the acting Secretary…

The Permian Craze Is Fizzling … But Shale Oil Production Isn’t

The Permian Craze Is Fizzling … But Shale Oil Production Isn’t

Jun 17, 2019 at 18:01 | Julianne Geiger

The frenzied Permania that had oil and gas companies rushing to the O&G hotspot may be on the outs, but production in the industry’s number one basin has not, according…

Iraq’s Contingency Plan If US-Iran Standoff Blocks Its Oil Exports

Iraq’s Contingency Plan If US-Iran Standoff Blocks Its Oil Exports

Jun 17, 2019 at 17:11 | Tsvetana Paraskova

Iraq is looking to draft contingency plans in case the heightened tension in the Middle East results in some kind of blockade of Iraq’s oil exports through the Persian Gulf—a…

Opposition Says Norway Is Buying Itself Out Of Climate Goals

Opposition Says Norway Is Buying Itself Out Of Climate Goals

Jun 17, 2019 at 16:52 | Tsvetana Paraskova

Norway will be increasingly tempted to fund carbon emission cuts abroad instead of reining in its own greenhouse gas emissions in order to reach its ambitious 2030 climate goals,…

Inpex Signs Deal To Develop $20B LNG Project In Indonesia

Inpex Signs Deal To Develop $20B LNG Project In Indonesia

Jun 17, 2019 at 14:25 | Tsvetana Paraskova

Japan’s Inpex Corporation said on Monday that it had signed a heads of agreement with Indonesia’s government to develop a US$20-billion liquefied natural gas (LNG) project in Indonesia after…

Saudi Crown Prince: Aramco Going Ahead As Planned

Saudi Crown Prince: Aramco Going Ahead As Planned

Jun 17, 2019 at 12:10 | Irina Slav

It has been a while since the last assurance from a senior Saudi official that the initial public offering of oil giant Aramco is going ahead as planned, and this…

Tesla Gigafactory 3 Is Being Built At ‘Incredible Speed’

Tesla Gigafactory 3 Is Being Built At ‘Incredible Speed’

Jun 17, 2019 at 11:04 | Irina Slav

Tesla’s third Gigafactory, one that will provide it with a way around Chinese tariffs on U.S. goods, is being built “at an incredible speed,” writes Electrek’s Fred Lambert. The…

Canada Government Set to Approve Trans Mountain Expansion

Canada Government Set to Approve Trans Mountain Expansion

Jun 17, 2019 at 09:39 | Irina Slav

The federal government of Canada is set to approve the highly controversial Trans Mountain pipeline expansion project this week, unnamed sources have told Reuters. The project, which would boost…


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