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Is This The Next Natural Gas Giant?

Is This The Next Natural Gas Giant?

Nigeria has long been renowned…

Why The U.S. Won’t Sanction Venezuela’s Oil

Why The U.S. Won’t Sanction Venezuela’s Oil

Rumors of the U.S. government…

Philippines Cracks Down On Fuel Pirates

Philippines Cracks Down On Fuel Pirates

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News

Rosneft Reports Strong Q2 Earnings As Oil Prices Improve

Rosneft Reports Strong Q2 Earnings As Oil Prices Improve

Aug 07, 2018 at 10:33 | Irina Slav

Russia’s biggest oil company Rosneft reported record-high free cash flow and a near three-fold increase in net profit for the second quarter on the back of higher oil prices…

API Strikes Back At Cuomo For “Extreme Energy Policies”

API Strikes Back At Cuomo For “Extreme Energy Policies”

Aug 07, 2018 at 09:24 | Irina Slav

The American Petroleum Institute has attacked New York Governor Andrew Cuomo for his energy agenda, which, API New York executive director Karen Moreau said in a statement, is hurting the…

Scientists Want Oil Drilling Ban In British County After Series of Earthquakes

Scientists Want Oil Drilling Ban In British County After Series of Earthquakes

Aug 06, 2018 at 16:55 | Tsvetana Paraskova

Four senior geologists are calling for a moratorium on oil and gas drilling in Surrey in the UK, southeast of London, after 12 earthquakes were registered in the area over…

Trade War Scares Hedge Funds To Cut Oil Bets To Two-Year Low

Trade War Scares Hedge Funds To Cut Oil Bets To Two-Year Low

Aug 06, 2018 at 16:47 | Tsvetana Paraskova

The escalating U.S.-China trade war is deterring hedge funds and other money managers from opening new positions in the WTI and Brent benchmarks, with total bets dropping to their lowest…

China Threatens 25% Import Tariff On U.S. LNG

China Threatens 25% Import Tariff On U.S. LNG

Aug 06, 2018 at 15:39 | Tsvetana Paraskova

In the latest trade war tit-for-tat, China has included for the first time liquefied natural gas (LNG) in its list of goods up for a potential 25-percent import tariff,…

Russia Accused Of Illegally Selling Oil To North Korea

Russia Accused Of Illegally Selling Oil To North Korea

Aug 06, 2018 at 12:22 | Tsvetana Paraskova

While most of the sanction-bypassing oil trade with North Korea is thought to be originating from China, oil sales from Russia to Kim Jong-un’s regime may be much larger than…

Militants Attack Iraqi Power Line Eight Times In Two Months

Militants Attack Iraqi Power Line Eight Times In Two Months

Aug 06, 2018 at 10:50 | Irina Slav

A high-voltage power line in Iraq has been targeted by Islamist militants eight times over the past two months, the country’s electricity ministry said, adding the latest attack caused…

Tesla Plans To Launch Mini-Car

Tesla Plans To Launch Mini-Car

Aug 06, 2018 at 09:06 | Irina Slav

Tesla is working on a “mini-car that can squeeze in an adult,” a new tweet from chief executive Elon Musk told the world. The tweet, like another recent…

Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles

Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles

Aug 03, 2018 at 17:17 | Tsvetana Paraskova

Canada Natural Resources, the largest producer, is allocating capital to lighter oil drilling and is curtailing heavy oil production as the price of Canadian heavy oil tumbled to a nearly…

Enbridge Sees $5.4B In Pipeline Projects Coming Online This Year

Enbridge Sees $5.4B In Pipeline Projects Coming Online This Year

Aug 03, 2018 at 17:09 | Tsvetana Paraskova

Enbridge expects pipeline projects worth US$5.4 billion (C$7 billion) to come into service this year, easing constrained oil and natural gas takeaway capacity in the North American market, the Calgary-based…

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