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Who Gets Hold Of Russia’s Key Oil Hub?

Who Gets Hold Of Russia’s Key Oil Hub?

25 percent of the Novorossiysk…

Australia Looks To Tackle Its Looming Gas Shortage

Australia Looks To Tackle Its Looming Gas Shortage

The world’s soon-to-be top liquefied…

News

Fighting Cuts Libyan Oil Storage Capacity By 400,000 Barrels

Fighting Cuts Libyan Oil Storage Capacity By 400,000 Barrels

Jun 18, 2018 at 09:29 | Irina Slav

Continued clashes between the Libyan National Army and rival groups has cut the storage capacity at Ras Lanuf oil export terminal by 400,000 barrels, after a second tank was set…

Venezuela Oil Production May Sink To 1 Million Bpd As Early As This Year

Venezuela Oil Production May Sink To 1 Million Bpd As Early As This Year

Jun 15, 2018 at 16:32 | Tsvetana Paraskova

Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million bpd as early as this year, analysts and industry experts tell Platts. Venezuela’s production plummeted again…

Norway Looks To Build Its First Offshore Floating Wind Farms

Norway Looks To Build Its First Offshore Floating Wind Farms

Jun 15, 2018 at 16:16 | Tsvetana Paraskova

Norway’s Petroleum and Energy Minister Terje Søviknes will meet next week with companies and other stakeholders to discuss the potential construction of offshore floating wind farms in Norwegian waters, Søviknes…

Gazprom, South Korea Revive Talks To Build Gas Pipeline Via North Korea

Gazprom, South Korea Revive Talks To Build Gas Pipeline Via North Korea

Jun 15, 2018 at 15:29 | Tsvetana Paraskova

Russian gas giant Gazprom has resumed talks with South Korea over a decade-old idea to build a gas pipeline from Russia’s Far East to South Korea through North Korea,…

Venezuela’s Oil Sales To China Set To Plunge To 8-Year-Low

Venezuela’s Oil Sales To China Set To Plunge To 8-Year-Low

Jun 15, 2018 at 13:39 | Tsvetana Paraskova

Venezuela’s economic and oil industry demise is likely to result in its crude oil exports to China plummeting to their lowest level in almost eight years in July, Reuters

Electronics Giant Commits To 100% Renewables

Electronics Giant Commits To 100% Renewables

Jun 15, 2018 at 12:48 | Safehaven.com

Samsung will soon draw 100 percent of its electricity needs from renewable energy sources across all its sites in the United States, Europe, and China, the Korea-based global electronics manufacturing…

India’s Biggest Bank To Stop Handling Iran Oil Payments

India’s Biggest Bank To Stop Handling Iran Oil Payments

Jun 15, 2018 at 11:43 | Tsvetana Paraskova

India’s largest bank, State Bank of India, has told local refiners that it will no longer handle payments for oil imports from Iran beginning in November, the head of finance…

South Korea Iran Oil Imports Drop To 2-Year Low

South Korea Iran Oil Imports Drop To 2-Year Low

Jun 15, 2018 at 09:40 | Irina Slav

Crude oil imports from Iran into South Korea in May fell to the lowest since January 2016 at less than 180,000 bpd, Reuters reports, citing customs data. That comes…

Russia And Saudi Arabia Will Save The Day If OPEC Deal Falls Apart

Russia And Saudi Arabia Will Save The Day If OPEC Deal Falls Apart

Jun 14, 2018 at 16:57 | Julianne Geiger

Even if the current OPEC/NOPEC oil production cut deal goes to pieces, Saudi Arabia and Russia will be willing to go it alone, the two largest oil producers in the…

BP Sees No Sign Of Oil Supply Shortfall Due To Underinvestment

BP Sees No Sign Of Oil Supply Shortfall Due To Underinvestment

Jun 14, 2018 at 16:22 | Tsvetana Paraskova

UK supermajor BP doesn’t expect global oil supply shortages in the coming years because of reduced investment, Brian Gilvary, BP’s Group Chief Financial Officer, said on Thursday. “We’re not seeing…

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