The energy sector has underperformed…
The Biden administration has finalized…
Texas is breaking for electricity…
Kazakhstan aims to significantly increase its crude oil exports to China by redirecting some oil flows from Europe to the world’s top oil importer, Kazakhstan’s Deputy Energy Minister Aset Magauov…
Now that Guyana is the new offshore oil hotspot, the South American country is getting ready to lift the government royalties for new oil contracts, after earlier deals had offered…
Mexico’s state oil firm Pemex plans to pursue an ultra-deepwater project in the Gulf of Mexico despite limited resources and despite recent pledges to avoid riskier endeavors in which it…
China’s Ministry of Commerce (MOFCOM) has issued this year’s second-batch quotas for non-state crude imports, permitting 56.85 million mt of import, according to a notice from the MOFCOM. The quotas surged…
The Conservative Alberta government will provide natural gas producers in the province with a one-off 35-percent tax cut on shallow gas well and pipeline operators for the current fiscal year,…
Occidental Petroleum has called on its shareholders to vote against activist investor Carl Icahn’s push to replace four members of the board of directors in a bid to prevent future…
The American Petroleum Institute (API) reported another large crude oil inventory draw of 5 million barrels for the week ending June 27, a more ambitious draw than analysts had predicted,…
The booming liquefied natural gas (LNG) infrastructure around the world—with the U.S. and Canada accounting for 74 percent of proposed LNG export terminal capacity—poses “a direct challenge to Paris climate…
Venezuela exported 1.1 million bpd of crude oil and refined oil products in June, up by 26 percent from May, thanks to higher shipments under oil-for-loan deals with China, Reuters…
The world’s fourth-largest oilfield services provider, Weatherford International, said that it had started a financial restructuring by filing for Chapter 11 bankruptcy protection in the U.S. in a bid…
China is allowing additional crude oil import quotas to predominantly private oil refiners in the world’s top oil importer, Reuters reported on Tuesday, citing a document it has seen.…
Saudi Arabia may reduce its official selling price for oil for Asian buyers in August, unnamed sources told Reuters, adding the move was prompted by a decline in Middle…
A report that Occidental Petroleum’s corporate jet traveled to the Hague, one of Shell’s two home towns, has sparked a fresh flare-up of speculation regarding its proposed acquisition of Anadarko,…
The Governor of Montana, Steve Bullock, has broken away from the Democrat’s strong pro-climate change stance and threw his support behind the controversial Keystone XL pipeline, according…
Work at an oil construction site managed by the giant Chevron-Exxon JV for the Tengiz oilfield has been suspended amid a massive brawl over a woman that’s left some…
Russia’s oil production in June was 50,000 bpd below the level Moscow had pledged under the OPEC and non-OPEC production cut agreement, Russian Energy Minister Alexander Novak said on Monday,…
French consumer fraud watchdog DGCCRF has searched the offices of energy companies, including those of giants Eni and Engie, as part of an anti-competition probe into France’s retail electricity and…
Saudi Arabia is trying to boost security measures in place for its oil infrastructure and in territorial waters, Russian media quoted Saudi Energy Minister Khalid al-Falih as saying on…
Iran has just breached the 2015 nuclear deal by exceeding the limit for stockpiling enriched uranium, the International Atomic Energy Agency (IAEA) said on Monday, confirming Iranian claims that…
The United Arab Emirates have launched the largest single solar power farm in the world, the 1.18-GW Noor Abu Dhabi, Endgadget reports citing a tweet by the Abu…