The LNG market will remain…
The total number of active…
Increased offshore exploration for rare…
As South Korea is looking to reduce its over-reliance on crude oil imports from the Middle East, it has increased its oil imports from the United States in recent years,…
The price of Western Canadian Select oil is falling thanks to a brutal cold snap in Western Canada, where temperatures less than 20 below are literally freezing Canada’s oil,…
As Uganda’s government is looking to resolve a tax dispute with oil majors over oilfields, it sees the development costs for the two fields to reach at least US$5 billion,…
OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a…
Tullow Oil expects to book US$1.5 billion write-offs for 2019, due to slashing its oil price assumption by US$10 a barrel and to reducing reserves expectations for African assets, the…
The Trump administration, which vowed to roll back Obama-era fuel economy standards to make cars more affordable might stop short of freezing these at 2020 levels, AP’s Tom Krisher
Amid record oil and gas production, the oil and natural gas industry in Texas paid a total of US$16.3 billion in local taxes and state royalties in fiscal year 2019—the…
As many as 90 percent of Encana shareholders voted in favor of the company’s proposed renaming and move to the United States as the company seeks to improve its access…
The American Petroleum Institute (API) has estimated surprise crude oil inventory build of 1.1 million barrels for the week ending January 10, compared to analyst expectations of a 474,000-barrel…
Norway awarded on Tuesday 69 new production licenses to 28 companies to explore in areas next to mature developed production areas, securing further exploration on the Norwegian Continental Shelf,…
Wind and solar power will dominate the electricity generation additions across the United States in 2020, accounting for an overwhelming 76 percent of all new capacity set to begin commercial…
Slowing U.S. crude oil production growth will likely lead to a new wave of consolidation across the U.S. shale patch, where the big players will acquire the ‘smaller guys’, shale…
The Abu Dhabi National Oil Company (ADNOC) has signed a strategic agreement to store crude oil at storage facilities in Japan, Abu Dhabi’s state-held oil firm, which pumps nearly…
Energy transitions “take decades, even centuries” to complete, the chairman of the world’s largest oil company, Saudi Aramco, said at a conference on Monday, adding that the industry should…
London-listed oil producer Lekoil has suspended trade in its shares amid a budding scandal involving a loan from a company claiming to act on behalf of the Qatar sovereign investment…
The Canadian government sent out an incident alert for a nuclear plant near Toronto on Sunday, urging residents in the vicinity of the Pickering nuclear power plant to ask the…
The world’s biggest fund manager, BlackRock, said on Tuesday it is making sustainability and transparency the center of its investment strategy as it expects investment…
Venezuela’s state-owned oil firm PDVSA is moving to market its crude oil overseas by enlisting its joint venture partners, including U.S. supermajor Chevron, to sell cargoes to buyers in Asia…
One of the most active companies on the Norwegian Continental Shelf, Lundin Petroleum, said on Monday that it had revised downwards its resource estimate for a recent discovery in…
The second-largest city in the UK, Birmingham, unveiled on Monday a plan to reduce air pollution and carbon emissions by limiting access of private cars to the city center.…