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News

South Africa Finally Enacts Carbon Tax

South Africa Finally Enacts Carbon Tax

May 27, 2019 at 10:55 | Tsvetana Paraskova

After nearly a decade of delays, South Africa has just joined some 40 countries that have enacted national carbon tax policies, aiming to curb the rise in carbon emissions to…

Algeria Won’t Let Total Buy Anadarko’s Local Assets

Algeria Won’t Let Total Buy Anadarko’s Local Assets

May 27, 2019 at 09:23 | Irina Slav

Algeria will not allow French Total to acquire Anadarko’s assets in the North African country, Energy Minister Mohamed Arkab told media on Sunday, as quoted by Reuters. The deal…

BC Has No Power To Regulate Crude Flowing Through Trans Mountain

BC Has No Power To Regulate Crude Flowing Through Trans Mountain

May 24, 2019 at 17:11 | Julianne Geiger

The Trans Mountain oil pipeline was handed a win on Friday when a British Columbia court ruled that the provincial government could not legally restrict crude oil flowing through…

The UK Needs To Double Its Charging Points To Support EV Adoption

The UK Needs To Double Its Charging Points To Support EV Adoption

May 24, 2019 at 17:02 | Tsvetana Paraskova

The UK will need additional 28,000 public charging points for electric vehicles (EVs) by 2030—double the current number, to support an estimated fleet of seven million EVs by the end…

Total Looks To Raise $4B By Cutting Stake In Giant Kashagan Oil Field

Total Looks To Raise $4B By Cutting Stake In Giant Kashagan Oil Field

May 24, 2019 at 14:11 | Tsvetana Paraskova

France’s oil and gas major Total is looking to sell a third of its 17-percent interest in the giant Kashagan oil field in Kazakhstan, aiming to raise up to US$4…

Tesla Shares Rebound On Leaked Musk Email

Tesla Shares Rebound On Leaked Musk Email

May 24, 2019 at 12:25 | Tsvetana Paraskova

Tesla’s stock clawed back some losses on Thursday and was up more than 3 percent in pre-market trade on Friday, after a leaked email reportedly sent by Elon Musk…

New Iraq-Syria Crossing Could Breathe New Life Into Iran’s Oil Exports

New Iraq-Syria Crossing Could Breathe New Life Into Iran’s Oil Exports

May 24, 2019 at 11:50 | Irina Slav

A new border crossing between Iraq and Syria is under construction in an area controlled by Iran-affiliated militias, Fox News reports, citing satellite images revealing construction works at the…

PDVSA Tankers To Be Detained For Lack Of Payment

PDVSA Tankers To Be Detained For Lack Of Payment

May 24, 2019 at 09:11 | Julianne Geiger

Three PDVSA tankers that are late with payments to German operator Bernhard Schulte Shipmanagement (BSM) are being detained, according to Reuters sources, as BSM gives up on waiting for…

India Has Ended All Oil Imports From Iran, But For How Long?

India Has Ended All Oil Imports From Iran, But For How Long?

May 23, 2019 at 16:43 | Julianne Geiger

India has officially ended all oil imports from Iran, India’s Ambassador Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi has managed to emerge victorious from India’s…

Shell Begins First-Ever Jurassic Oil Production In Gulf Of Mexico

Shell Begins First-Ever Jurassic Oil Production In Gulf Of Mexico

May 23, 2019 at 16:30 | Tsvetana Paraskova

Royal Dutch Shell said on Thursday that it had started oil production at its Appomattox floating production system months ahead of schedule, opening a new frontier in the deepwater…

Environmentalists In Texas To Sue Valero Energy For Air Pollution

Environmentalists In Texas To Sue Valero Energy For Air Pollution

May 23, 2019 at 13:38 | Tsvetana Paraskova

Three environmental organizations in Texas plan to sue in federal court Valero Energy for violations of the Clean Air Act at the Port Arthur, Texas, refinery during what the…

Iran Stores More Crude Oil As U.S. Sanctions Stifle Exports 

Iran Stores More Crude Oil As U.S. Sanctions Stifle Exports 

May 23, 2019 at 13:30 | Tsvetana Paraskova

In recent weeks, Iran has been storing more oil onshore and at tankers at sea as it looks to continue producing oil, but its crude exports are severely restricted by…

Guyana Investigates Oil Block Leases Controlled By Exxon

Guyana Investigates Oil Block Leases Controlled By Exxon

May 23, 2019 at 13:25 | Tsvetana Paraskova

The world’s newest offshore hotspot, Guyana, is in the early stages of a probe into how oil exploration rights were awarded for oil blocks that are currently controlled by ExxonMobil…

Thailand Prepares For Oil, Gas Shortage On Middle East Tension

Thailand Prepares For Oil, Gas Shortage On Middle East Tension

May 23, 2019 at 12:31 | Irina Slav

Thailand’s Energy Ministry has asked regulators to keep a close eye on developments in the Middle East lest these cause an oil and gas shortage in the import-dependent country, local…

US Imports Of Venezuelan Oil Still Trickling In

US Imports Of Venezuelan Oil Still Trickling In

May 23, 2019 at 10:53 | Julianne Geiger

The United States has resumed—at least for the time being—oil imports from Venezuela, according to new data published by the Energy Information Administration (EIA). The United States saw a…

Alberta Introduces Carbon Tax Repeal Bill

Alberta Introduces Carbon Tax Repeal Bill

May 23, 2019 at 09:58 | Irina Slav

Staying true to their promise from the campaign trail, Alberta’s Conservatives have introduced a bill to repeal a carbon tax introduced by their predecessors at the helm of the province,…

Kuwait, Qatar Look For Alternatives For Strait Of Hormuz

Kuwait, Qatar Look For Alternatives For Strait Of Hormuz

May 22, 2019 at 16:01 | Julianne Geiger

As tensions in the Middle East continue to escalate with Iran threatening to choke off shipments through oil’s most critical chokepoint, the Strait of Hormuz, two countries are looking for…

Russia: Clean Crude Oil To Reach Slovakia, Hungary Within Week

Russia: Clean Crude Oil To Reach Slovakia, Hungary Within Week

May 22, 2019 at 13:44 | Tsvetana Paraskova

Russia is sending clean within-standards crude oil via the Druzhba pipeline toward Hungary and Slovakia, with first clean oil expected to arrive at the metering stations in those countries within…

Iraq To Boost West Qurna 1 Oil Output After Exxon Evacuates Staff

Iraq To Boost West Qurna 1 Oil Output After Exxon Evacuates Staff

May 22, 2019 at 13:38 | Tsvetana Paraskova

Iraq will raise the oil production from its giant West Qurna 1 field by as much as 50,000 bpd in the next few days, a senior industry official told

Occidental To Remove CO2 From Air, Use It To Boost Oil Recovery In The Permian

Occidental To Remove CO2 From Air, Use It To Boost Oil Recovery In The Permian

May 22, 2019 at 13:25 | Tsvetana Paraskova

A subsidiary of Occidental and Canadian clean energy company Carbon Engineering are teaming up to build the world’s biggest Direct Air Capture (DAC) and sequestration facility in the Permian…

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