The International Energy Agency (IEA)…
Kazakhstan is experiencing a surge…
Anglo American rejected BHP's $38.8…
For the second time in two weeks, Libya’s El Feel oilfield has been shut down, due to an unlawful closure of a valve on an oil export pipeline, Libya’s National…
Shell has won a court ruling that blocks the enforcement of more than a half a billion dollars for damages against the oil supermajor in a decade-old oil spill…
Russia’s mega-project to export its gas to China, the Power of Siberia pipeline, came online December 2. By 2024, the pipeline is expected to deliver 38 billion cubic meters (bcm)…
A ministerial committee of OPEC and its partners led by Russia recommended that the OPEC+ oil production cuts be deepened by 500,000 bpd, two sources told Reuters on the…
An order for voluntary evacuation was issued for the town of Port Neches in Texas yesterday, after the detection of higher levels of a petroleum derivative gas used in a…
Brazil’s state-run oil company, Petroleo Brasileiro SA, hopes to boost its value by nearly 50 percent by 2021, in part by putting more offshore oilfields up for sale. The oil…
Canadian oilsands operation Syncrude has reduced its December crude oil production by 1.6 million barrels according to Reuters, citing three market sources. The production cutback was due to a operational…
Even if Russia and Ukraine were to fail to reach an agreement on the natural gas transit through Ukraine onto Europe, the security of gas supply in the European Union…
The controversial Trans Mountain pipeline expansion project made a landmark step forward with the start of construction in Alberta on Tuesday, two weeks before a federal court of appeal…
A gang of pirates have kidnapped 19 sailors after waylaying then boarding a supertanker loaded with oil, according to various media reports. Hong Kong-flagged crude supertanker the Nave Constellation, owned…
China is looking to raise its target to have new energy vehicles (NEVs) account for 25 percent of all car sales in 2025, up from a previous target of ‘over…
Moody’s cut Alberta’s credit rating to Aa2 from Aa1, citing the province’s reliance on revenues from the oil industry. However, the credit ratings agency upgraded Alberta’s outlook from negative…
The two boards of Venezuela-owned refiner Citgo are fighting over the ownership of $57 million worth of crude oil stranded at sea, Reuters reports, adding the amount of oil in…
The American Petroleum Institute (API) has estimated a crude oil inventory draw of 3.72 million barrels for the week ending November 28, compared to analyst expectations of a 1.798-million-barrel…
Norway’s US$1.1-trillion Government Pension Fund Global—the world’s largest sovereign wealth fund—is removing Brazil’s state-controlled oil firm Petrobras from its watchlist
Woodside Petroleum, operator of the Sangomar block offshore Senegal, has submitted the development plan for what would be the West African country’s first offshore oilfield, paving the way for a…
Canada’s premiers agreed to call on the government to reform a fiscal stabilization program that financially supports provinces going through hard…
Oilfield services provider Halliburton has notified the Oklahoma Office of Workforce Development that it would dismiss 800 employees, the Oklahoma agency’s spokesman David Crow tells The Associated Press, as…
Two of Canada’s largest oil sands producers, Husky Energy and Suncor, had some bad news for investors this week. Husky said it will slash capital spending for next year…
Repsol, the Spanish energy major, has pledged that it will become a net zero emitter by 2050, boasting that this made it the first oil and gas company to…