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Texas Deepwater Oil Export Projects Stall

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore…

The Renewable Energy Boom Has a Waste Problem

The Renewable Energy Boom Has a Waste Problem

The rapid growth of renewable…

News

EIA Raises Brent Crude Oil Price Outlook

EIA Raises Brent Crude Oil Price Outlook

Jul 07, 2020 at 14:50 | Julianne Geiger

The Energy Information Administration raised its price outlook for Brent crude to $41 per barrel for the second half of 2020—this is $4 per barrel higher than the EIA’s forecast…

Libya’s Oil Production Set To Halve In Next Few Years

Libya’s Oil Production Set To Halve In Next Few Years

Jul 07, 2020 at 14:32 | Julianne Geiger

Libya’s oil production that has dropped sharply in recent months is set to nearly halve in the coming years thanks to an oil blockade that has been in force since…

Bill Gates Backed Miner Looks For Cobalt In Canada

Bill Gates Backed Miner Looks For Cobalt In Canada

Jul 07, 2020 at 13:10 | MINING.com

KoBold Metals, a start-up backed by a coalition of billionaires led by Bill Gates, plans to scour for cobalt in Canada using advanced mapping technology and it’s targeting northern…

European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021

European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021

Jul 07, 2020 at 11:34 | Tsvetana Paraskova

Italy’s Eni lowered its long-term oil price assumptions on Tuesday, saying that the coronavirus pandemic would have “an enduring…

U.S. Approves Oregon LNG Project That Could Boost Supply To Asia

U.S. Approves Oregon LNG Project That Could Boost Supply To Asia

Jul 07, 2020 at 10:33 | Tsvetana Paraskova

The U.S. Department of Energy issued a final long-term order to authorize exports of liquefied natural gas (LNG) from a project in Oregon that they expect will help the U.S. sell…

Debt-Stricken Mexican Oil Major Asks For Payment Deferrals

Debt-Stricken Mexican Oil Major Asks For Payment Deferrals

Jul 07, 2020 at 09:25 | Charles Kennedy

Mexico’s state oil firm Pemex is asking some of its contractors if they would agree to be paid for their services next year, people…

Texas Oil Industry Thinks Outside The Box To Get College Grads Onboard

Texas Oil Industry Thinks Outside The Box To Get College Grads Onboard

Jul 06, 2020 at 17:32 | Julianne Geiger

It’s dirty and a little uncool. It’s not virtually shareable on all those social media sites like Instabook or Fracegram. We’re talking about jobs in the oil industry. But one…

The High Tech Treasure Map That Could Uncover Countless Commodities

The High Tech Treasure Map That Could Uncover Countless Commodities

Jul 06, 2020 at 14:36 | MINING.com

Researchers from the United States and Australia have discovered previously unrecognized structural lines 100 miles or more down in the Earth that appear to signal the locations of giant

Militants Kill 8 Subcontractors On Total’s LNG Project In Mozambique

Militants Kill 8 Subcontractors On Total’s LNG Project In Mozambique

Jul 06, 2020 at 13:51 | Tsvetana Paraskova

Gunmen have recently killed eight workers from a firm subcontracted by France’s Total to work on its $20-billion liquefied natural gas (LNG) project in Mozambique, the subcontractor company said on…

Brazil's Oil Giant Has A Creative Solution For Its Gas Flaring Problem

Brazil's Oil Giant Has A Creative Solution For Its Gas Flaring Problem

Jul 06, 2020 at 12:47 | Tsvetana Paraskova

Brazil’s state-owned oil firm Petrobras aims to make better use of the associated natural gas in its prolific oil-rich pre-salt area by having offshore liquefied natural gas (LNG) units to…

Libya's Oil Exports Are Set To Fall Even Further

Libya's Oil Exports Are Set To Fall Even Further

Jul 06, 2020 at 11:24 | Charles Kennedy

Libya is set to export even less crude oil in July than it did in June, while its state oil firm continues negotiations to end the blockade that has been…

Court Deals Deadly Blow To Dakota Access Pipeline

Court Deals Deadly Blow To Dakota Access Pipeline

Jul 06, 2020 at 10:00 | Julianne Geiger

In the second major win for the anti-pipeline movement in the United States on Monday, a district court ruled that the beleaguered Dakota Access Pipeline must shut down by August…

$8B Atlantic Coast Gas Pipeline Canceled As Costs Nearly Doubled

$8B Atlantic Coast Gas Pipeline Canceled As Costs Nearly Doubled

Jul 06, 2020 at 09:33 | Tsvetana Paraskova

Despite a major win on a right-of-way issue at the U.S. Supreme Court last month, the developers of the Atlantic Coast natural gas pipeline are definitely scrapping the project in…

Total Sends Drilling Rig To South Africa To Capitalize On Previous Success

Total Sends Drilling Rig To South Africa To Capitalize On Previous Success

Jul 03, 2020 at 15:39 | Julianne Geiger

French oil giant Total SA has sent a drilling rig to South Africa in the hopes of duplicating its massive find there last February, Total’s partner in the project

Houthis Aim To Repair Unrepairable Oil Tanker In Vital Shipping Lane

Houthis Aim To Repair Unrepairable Oil Tanker In Vital Shipping Lane

Jul 03, 2020 at 14:48 | Charles Kennedy

The Houthi rebels in Yemen claim they have sent a team to repair an oil tanker full of 1 million barrels of oil sitting off the Yemeni coast for five years…

Elon Musk Trolls SEC And Short Sellers As Tesla Stock Rallies

Elon Musk Trolls SEC And Short Sellers As Tesla Stock Rallies

Jul 03, 2020 at 13:14 | Tsvetana Paraskova

Elon Musk took his Twitter feud with Tesla’s short sellers and the Securities and Exchange Commission to a whole new level on Thursday evening, mocking the traders who had bet…

Japan Bets Big On Mozambique LNG

Japan Bets Big On Mozambique LNG

Jul 03, 2020 at 09:09 | Irina Slav

In partnership with the business sector, the Japanese government will invest some $14.4 billion (1.5 trillion yen) in liquefied natural gas development in Mozambique, the Nikkei Asian Review reported. According…

Russian Energy Minister: Global Oil Investment To Drop By One-Third

Russian Energy Minister: Global Oil Investment To Drop By One-Third

Jul 02, 2020 at 17:40 | Tsvetana Paraskova

Global investment in oil is set to plunge by one-third this year due to the coronavirus and its effect on economies and oil demand, Russia’s Energy Minister Alexander Novak said at…

U.S. Looks For Ways To Cut Off Iranian Gasoline Shipments To Venezuela

U.S. Looks For Ways To Cut Off Iranian Gasoline Shipments To Venezuela

Jul 02, 2020 at 14:11 | Tsvetana Paraskova

Federal prosecutors in the United States are looking to seize Iranian gasoline on tankers currently en route to Venezuela by filing a civil-forfeiture complaint, The Wall Street Journal reported on Thursday,…

Exxon Is Set For Second Consecutive Loss In Q2

Exxon Is Set For Second Consecutive Loss In Q2

Jul 02, 2020 at 11:04 | Charles Kennedy

ExxonMobil may be set for its second consecutive loss in Q2 as the oil price collapse and weak refining margins will hit both the upstream and downstream divisions of the…

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