• 1 min OPEC, Russia Said To Announce Oil Pact Extension On Nov 30
  • 3 hours Wintershall And LetterOne In Talks For $12B Oil, Gas Merger
  • 5 hours India Exempts State Oil Firms Mergers From Competition Approval
  • 7 hours Turkey Targets $5B Investment In Wind Energy By End-2017
  • 9 hours Weatherford Looks To Sell Assets To Ease Some Of $8B Debt
  • 10 hours OPEC Set To Move Fast On Cut Extension Decision
  • 12 hours Nigeria Makes First Step Away From Oil
  • 1 day Russia Approves Profit-Based Oil Tax For 2019
  • 1 day French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 1 day Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 1 day Oil Production Cuts Taking A Toll On Russia’s Economy
  • 1 day Aramco In Talks With Chinese Petrochemical Producers
  • 1 day Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 2 days Maduro Names Chavez’ Cousin As Citgo Boss
  • 2 days Bidding Action Heats Up In UK’s Continental Shelf
  • 2 days Keystone Pipeline Restart Still Unknown
  • 2 days UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 2 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 2 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 3 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 3 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 3 days Whitefish Energy Suspends Work In Puerto Rico
  • 4 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 4 days Thanksgiving Gas Prices At 3-Year High
  • 4 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 4 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 4 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 5 days ConocoPhillips Sets Price Ceiling For New Projects
  • 7 days Shell Oil Trading Head Steps Down After 29 Years
  • 7 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 7 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
Is The LNG Glut Real?

Is The LNG Glut Real?

LNG prices have fallen significantly…

Saudi Oil Exports Fall To Six-Year Low In September

Saudi Oil Exports Fall To Six-Year Low In September

Saudi crude exports in September…

News

How Australia's Coal Baron Lost a Billion Dollar Empire in a Year

How Australia's Coal Baron Lost a Billion Dollar Empire in a Year

Jan 11, 2013 at 16:44 | James Burgess

Nathan Tinkler, once regarded as Australia’s pre-eminent coal baron, has lost the title of Australia’s youngest billionaire almost as fast as he won it, last year losing an average of…

New Japanese Government Looks to Bring Back Nuclear Power

New Japanese Government Looks to Bring Back Nuclear Power

Jan 11, 2013 at 16:43 | Joao Peixe

Japan has a history with nuclear energy, famed for generating most of its power from nuclear reactors that enabled it to keep its carbon emissions low and minimise pollution and…

US Seeks to Challenge China's Monopoly of Rare Earth Market

US Seeks to Challenge China's Monopoly of Rare Earth Market

Jan 11, 2013 at 16:42 | James Burgess

Does it scare you to know that China holds the key to cripple global manufacturing sectors?The problem is related to China’s complete monopoly of the rare earth materials…

CNOOC and ConocoPhillips Work to Reopen China's Largest Oilfield

CNOOC and ConocoPhillips Work to Reopen China's Largest Oilfield

Jan 11, 2013 at 16:41 | Charles Kennedy

The Penglai 19-3 offshore oilfield is operated by CNOOC, China’s largest oil and gas producer, and ConocoPhillips (NYSE: COP), and is the largest offshore oilfield in the country. Two years…

What will Happen to the Economy in 2013?

What will Happen to the Economy in 2013?

Jan 11, 2013 at 16:40 | Editorial Dept

Note: Sometimes it is useful to jot down a few thoughts on how the economy is expected to perform. This isn't to test my forecasting skills; sometimes I learn more…

Turkey Overtakes Norway as the Largest Oil Driller in Europe

Turkey Overtakes Norway as the Largest Oil Driller in Europe

Jan 10, 2013 at 16:47 | Joao Peixe

Turkey has passed Norway as the largest driller of oil in Europe. According to Bloomberg it fielded 26 drilling rigs at the end of 2012, and the Turkish Energy Ministry…

Chinese Energy Company Takes Advantage of Failing US Solar Firms

Chinese Energy Company Takes Advantage of Failing US Solar Firms

Jan 10, 2013 at 16:46 | Charles Kennedy

A few years ago investors were pouring their money into Silicon Valley start-up solar companies that hoped they could revolutionise the young, expensive solar industry.Unfortunately no one had…

Falling Demand Leaves Nigeria with 21 Unsold Shipments of Crude in February

Falling Demand Leaves Nigeria with 21 Unsold Shipments of Crude in February

Jan 10, 2013 at 16:45 | Joao Peixe

Traders operating in the oil markets that deal with Nigerian crude have announced that at least 21 Nigerian crude cargoes, 31 percent of output, which will be ready for loading…

Almost Half of all Food Produced is Thrown Away

Almost Half of all Food Produced is Thrown Away

Jan 10, 2013 at 16:45 | Charles Kennedy

Between 30 and 50 percent of all food produced globally, equivalent to two billion tons, is thrown away each year according to a recent report written by the UK-based Institution…

Will Shell have their Arctic Exploration License Revoked?

Will Shell have their Arctic Exploration License Revoked?

Jan 09, 2013 at 16:49 | Joao Peixe

Shell has been in the news a lot lately for the disastrous set of events that plagued the theoretically simple task of towing the Kulluk deep water drill rig from…

Oilprice - The No. 1 Source for Oil & Energy News