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This Is Just The Beginning Of Europe’s Gas War

This Is Just The Beginning Of Europe’s Gas War

With declining North Sea gas…

OPEC’s Next Big Crisis

OPEC’s Next Big Crisis

OPEC is facing some major…

News

Cheap Canadian Oil Boosts Marathon Petroleum Q4 Refinery Runs

Cheap Canadian Oil Boosts Marathon Petroleum Q4 Refinery Runs

Feb 07, 2019 at 15:48 | Tsvetana Paraskova

Refinery runs at Marathon Petroleum (NYSE:MPC) jumped by 56 percent in the fourth quarter of 2018 from the same period of 2017, driven by the combination with Andeavor and…

Oil Major Total Evacuates Staff From Venezuela After U.S. Sanctions

Oil Major Total Evacuates Staff From Venezuela After U.S. Sanctions

Feb 07, 2019 at 13:16 | Tsvetana Paraskova

France’s oil and gas major Total has pulled out all its personnel from Venezuela following the U.S. sanctions on Venezuelan state oil firm PDVSA, which also blocked Total’s accounts…

PG&E In the Hot Seat Again After San Francisco Gas Line Explosion

PG&E In the Hot Seat Again After San Francisco Gas Line Explosion

Feb 07, 2019 at 11:11 | Irina Slav

A gas line operated by Pacific Gas and Electric Co. exploded yesterday, sending flames high into the air, the San Francisco Chronicle reported, adding that the explosion set five…

Governments To Saddle B.C. Hydro Customers With $4-Billion Debt

Governments To Saddle B.C. Hydro Customers With $4-Billion Debt

Feb 07, 2019 at 09:25 | Irina Slav

B.C. Hydro has accumulated a US$4.2-billion (C$5.5 billion) pile of so-called deferral accounts as a result of political pressure from provincial governments to keep rates lower than they need to…

Pompeo: U.S. To Make Sure ISIS Doesn’t Have Access To Syrian Oil

Pompeo: U.S. To Make Sure ISIS Doesn’t Have Access To Syrian Oil

Feb 06, 2019 at 18:04 | Tsvetana Paraskova

The U.S. plan to withdraw its troops from Syria will not give Islamic State an opportunity to try to retake some oil fields in the war-torn country, U.S. Secretary of…

Russia’s Gazprom Aims To Boost Its 35% Gas Market Share In Europe

Russia’s Gazprom Aims To Boost Its 35% Gas Market Share In Europe

Feb 06, 2019 at 17:32 | Tsvetana Paraskova

Russia’s gas giant Gazprom aims to further increase its 35-percent market share in Europe, amid higher natural gas demand and expected lower production at key western European natural gas…

Cuadrilla Announces High Quality Gas Reservoir Find

Cuadrilla Announces High Quality Gas Reservoir Find

Feb 06, 2019 at 17:14 | Tsvetana Paraskova

UK company Cuadrilla said on Wednesday that initial flow tests at its fracking site in northwest England showed a rich reservoir with high-quality recoverable natural gas, while it also…

Libya’s Large Shut-in Oil Field Faces Possible Rival Clashes

Libya’s Large Shut-in Oil Field Faces Possible Rival Clashes

Feb 06, 2019 at 16:47 | Tsvetana Paraskova

A unit of forces loyal to Libya’s UN-backed government in Tripoli has been sent south to secure the country’s largest oil field, Sharara, which has been shut in for nearly…

OPEC Seeks More Formal Marriage With Russia

OPEC Seeks More Formal Marriage With Russia

Feb 06, 2019 at 13:50 | Irina Slav

OPEC is seeking closer and more formal ties with Russia in its oil market control endeavors, the Wall Street Journal reports, citing sources from the cartel, adding that Saudi…

Venezuela’s PDVSA Looks To Reroute Oil To Europe, Asia Amid U.S. Sanctions

Venezuela’s PDVSA Looks To Reroute Oil To Europe, Asia Amid U.S. Sanctions

Feb 06, 2019 at 11:04 | Tsvetana Paraskova

Venezuela’s state oil firm PDVSA is looking to sell more of its oil to customers in Europe and Asia as the U.S. sanctions are cutting off U.S. buyers of its…

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