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U.S. Sees New Egyptian Gas Fields As Key To Its New Middle Eastern Strategy

U.S. Sees New Egyptian Gas Fields As Key To Its New Middle Eastern Strategy

Besides its important geo-strategic location,…

The Cold Hard Truth About Renewable Energy Adoption

The Cold Hard Truth About Renewable Energy Adoption

The energy transition, while necessary,…

News

Rescue Operation: 115 Oil Workers Airlifted From Platform

Rescue Operation: 115 Oil Workers Airlifted From Platform

Oct 22, 2019 at 09:28 | Irina Slav

More than 100 workers were airlifted from the Thistle oil platform in the North Sea after an unspecified incident that followed a subsea inspection at the platform, the BBC

World’s Hottest Oil Auction Set To Bring In $50 Billion

World’s Hottest Oil Auction Set To Bring In $50 Billion

Oct 21, 2019 at 17:24 | Julianne Geiger

Brazil’s next oil auction, scheduled for November, may be the best one yet, raking in as much as $50 billion in auction proceeds, Bloomberg sources familiar with the Brazilian…

European Energy Giants Wait On Russia Approval For $2.6 Billion Deal

European Energy Giants Wait On Russia Approval For $2.6 Billion Deal

Oct 21, 2019 at 17:05 | Tsvetana Paraskova

Russia could okay within half a year a deal that would pave the way for Finnish utility Fortum to boost its stake in Germany’s utility Uniper to more than 50…

Supermajors Are Abandoning This Oil Hotspot

Supermajors Are Abandoning This Oil Hotspot

Oct 21, 2019 at 13:54 | Tsvetana Paraskova

Oil majors are quitting two projects in the Caspian Sea in Kazakhstan because of high costs and low profitability, a unit of Kazakhstan’s state oil and gas firm KazMunayGas

Russian Hackers Hijack Iranian Cyber Spy Group

Russian Hackers Hijack Iranian Cyber Spy Group

Oct 21, 2019 at 12:14 | RFE/RL staff

British and U.S. intelligence agencies say Russian hackers hijacked Iran-based cyberspy groups to attack dozens of countries and organizations while pretending to be Iranian.The details of the operation 

IEA Predicts Spectacular Solar Growth By 2024

IEA Predicts Spectacular Solar Growth By 2024

Oct 21, 2019 at 11:58 | Irina Slav

The International Energy Agency expects to see “spectacular” growth in new solar power capacity additions in the period to 2024, which will highlight overall strong growth in renewable energy. In…

The Middle East Oil Alliance Of The Year

The Middle East Oil Alliance Of The Year

Oct 21, 2019 at 10:59 | Irina Slav

Kuwait and Saudi Arabia are still negotiating the restart of oil production at jointly owned fields in the so-called Neutral Zone between the two countries, Kuwaiti Deputy Foreign Minister Khaled…

Ecuadorian Oil Is Back Online

Ecuadorian Oil Is Back Online

Oct 21, 2019 at 10:06 | Irina Slav

Ecuador has restarted crude oil exports after massive protests caused the country’s oil industry to more or less grind to a halt.  “All exports that were suspended will be rescheduled…

Russia Replacing Oil Workers With Robots

Russia Replacing Oil Workers With Robots

Oct 21, 2019 at 09:17 | Irina Slav

In the not too distant future, oil workers in Russia could be supervised by an artificial intelligence program dubbed Cyclops. Sputnik reports that the program, developed by a state…

Nigeria’s Oil Industry Faces An Existential Risk

Nigeria’s Oil Industry Faces An Existential Risk

Oct 18, 2019 at 13:01 | Tsvetana Paraskova

Nigeria risks disruption in oil and gas supplies and power generation, due to declining exploration activity and depleting oil reserves, the Nigerian Association of Petroleum Explorationists (NAPE) has warned.…

Drilling Giant Posts $11 Billion Loss

Drilling Giant Posts $11 Billion Loss

Oct 18, 2019 at 12:31 | Tsvetana Paraskova

The world’s largest oilfield services provider, Schlumberger (NYSE:SLB), reported on Friday a net loss of US$11.38 billion for the third quarter, compared to a US$644-million profit for Q3…

“Of Course Not”: Venezuela Slams Russian Takeover Rumors

“Of Course Not”: Venezuela Slams Russian Takeover Rumors

Oct 18, 2019 at 11:14 | Tsvetana Paraskova

Venezuela will not hand over control of its cash-strapped state oil firm PDVSA to Russian oil giant Rosneft, a close aide to Nicolas Maduro told Russian news agency RIA…

Lightning Strike Disrupts Key Oil Pipeline

Lightning Strike Disrupts Key Oil Pipeline

Oct 18, 2019 at 10:03 | Tsvetana Paraskova

The main UK North Sea crude oil transport route, the Forties pipeline, was shut down in the early hours on Friday after a lightning strike caused a power surge, the…

Protests Force Norway To Scrap Ambitious Wind Project

Protests Force Norway To Scrap Ambitious Wind Project

Oct 18, 2019 at 09:38 | Irina Slav

Public opposition has forced the Norwegian government to scrap plans for large-scale onshore wind power development, Recharge News reports. The outlet quoted a statement from the Norwegian Water Resources…

World’s Largest IPO Delayed Once Again

World’s Largest IPO Delayed Once Again

Oct 18, 2019 at 09:04 | Irina Slav

Just days after people close to the preparations for Aramco’s IPO said Riyadh was due to official greenlight the deal this week, other sources told Reuters the IPO would…

Gulf Of Mexico Oil Companies Brace For Tropical Cyclone

Gulf Of Mexico Oil Companies Brace For Tropical Cyclone

Oct 17, 2019 at 16:37 | Julianne Geiger

US oil producers are keeping a close eye on what the US National Hurricane Center is calling Potential Tropical Cyclone Sixteen, S&P Global Platts reported on Thursday. The NHC has…

Mexico Vows To Expose Oil Firms Pedaling False Promises

Mexico Vows To Expose Oil Firms Pedaling False Promises

Oct 17, 2019 at 14:37 | Tsvetana Paraskova

Mexican President Andrés Manuel López Obrador threatened on Thursday to publicly name the oil companies which have delayed their promised investments into Mexico’s oil sector. “The majority of these…

Australia's $11 Billion Gas Project Is Ahead Of Schedule

Australia's $11 Billion Gas Project Is Ahead Of Schedule

Oct 17, 2019 at 14:26 | Tsvetana Paraskova

Australia’s largest independent gas producer, Woodside, aims to take the final investment decision (FID) on the US$11-billion Scarborough project early next year, sooner than its previous timetable at some point…

Syria Invasion Forces Russia To Halt Oil Projects

Syria Invasion Forces Russia To Halt Oil Projects

Oct 17, 2019 at 14:18 | Tsvetana Paraskova

Russian oil giant Rosneft has temporarily suspended works at one block in Iraq’s semi-autonomous region of Kurdistan due to security concerns because of the blocks’ proximity to the Syrian border,…

Rick Perry Praises The Benefits Of U.S. LNG

Rick Perry Praises The Benefits Of U.S. LNG

Oct 17, 2019 at 09:34 | Irina Slav

The LNG boom in the United States is helping households pay less for electricity, Energy Secretary Rick Perry told Fox News. “We’re driving down the cost of electricity in most…

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