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Breaking News:

Hess Board Recommends Merger With Chevron

EU and Turkmenistan Eye New Energy Partnerships

EU and Turkmenistan Eye New Energy Partnerships

Turkmenistan's Foreign Minister announces an…

News

South Dakota Governor Proposes Anti-Pipeline Protest Legislation

South Dakota Governor Proposes Anti-Pipeline Protest Legislation

Mar 05, 2019 at 10:35 | Irina Slav

South Dakota’s governor, Kristi Noem, has proposed legislation seeking to uncover where out-of-state funds for pipeline protests come from and “cut them off at the source,” the Associated Press

Libya’s Largest Oilfield Restarts After 3-Months Of Suspension

Libya’s Largest Oilfield Restarts After 3-Months Of Suspension

Mar 05, 2019 at 09:06 | Irina Slav

Libya’s largest oil field, Sharara, is back in operation after almost three months of suspension, the Wall Street Journal reports, citing unnamed sources familiar with the situation. The field…

OPEC Set To Push Back Oil Output Decision From April To June

OPEC Set To Push Back Oil Output Decision From April To June

Mar 04, 2019 at 17:58 | Tsvetana Paraskova

OPEC will likely wait until June to decide how to proceed with the production cuts as the initially set date for review, April, could be too soon to assess how…

Russia Aims To Reach OPEC+ Production Cut Quota By End-March

Russia Aims To Reach OPEC+ Production Cut Quota By End-March

Mar 04, 2019 at 17:11 | Tsvetana Paraskova

Russia will speed up its oil production cuts this month and plans to reach its share of the OPEC/non-OPEC output reduction by end-March or early April, Russian Energy Minister Alexander…

Tesla Owners In Asia Protest Against New Massive Price Cuts

Tesla Owners In Asia Protest Against New Massive Price Cuts

Mar 04, 2019 at 12:44 | Tsvetana Paraskova

Tesla owners have staged protests outside Tesla stores and Superchargers in some parts of Asia after the electric vehicle (EV) maker announced last week massive price cuts, which means…

Equinor Makes Profitable Oil Discovery In Norway’s North Sea

Equinor Makes Profitable Oil Discovery In Norway’s North Sea

Mar 04, 2019 at 12:26 | Tsvetana Paraskova

Norway’s Equinor said on Monday that it had made an oil discovery in the North Sea that could be quickly tied in to existing infrastructure—one of the company’s goals…

Rystad Sees Rapid Rise In Subsea Tree Installations

Rystad Sees Rapid Rise In Subsea Tree Installations

Mar 04, 2019 at 10:33 | Rystad Energy

A rapid rise in subsea tree installations is projected for the global offshore industry in the coming years, as operators are poised to boost expenditure substantially on subsea equipment and…

Enbridge Delays Restart Of Line 3

Enbridge Delays Restart Of Line 3

Mar 04, 2019 at 09:29 | Irina Slav

The Line 3 pipeline that operator Enbridge had scheduled to be replaced by the end of this year, will return to operation more than six months later, the company

Brent Dips Below Sour Crude As Heavy Supply Tightens

Brent Dips Below Sour Crude As Heavy Supply Tightens

Mar 02, 2019 at 08:24 | Irina Slav

The price of the Brent international crude oil benchmark dipped below two Middle Eastern benchmarks that represent heavier, sour grades, Reuters reports, citing industry sources. Based on light sweet…

U.S. Approves $3.2B Appalachian Natural Gas Pipeline

U.S. Approves $3.2B Appalachian Natural Gas Pipeline

Mar 01, 2019 at 14:04 | Tsvetana Paraskova

TransCanada said on Friday that the U.S. Federal Energy Regulatory Commission (FERC) had approved the full in-service of the Mountaineer XPress natural gas pipeline project, which will help link…

Shell Faces Trial In The Netherlands Over Nigeria Oil Block Deal

Shell Faces Trial In The Netherlands Over Nigeria Oil Block Deal

Mar 01, 2019 at 13:29 | Irina Slav

Shell is facing prosecution from the Dutch authorities over its acquisition of an offshore oil and gas block in Nigeria a few years ago, Reuters reports. The Anglo-Dutch supermajor…

Alberta Further Relaxes Oil Production Cut

Alberta Further Relaxes Oil Production Cut

Mar 01, 2019 at 11:24 | Irina Slav

With Canadian crude oil prices climbing higher, the Alberta government loosened the production cut imposed at the beginning of January by 100,000 bpd and has plans to further relax…

China Imports First U.S. Crude Oil In Months

China Imports First U.S. Crude Oil In Months

Mar 01, 2019 at 10:39 | Tsvetana Paraskova

A tanker capable of carrying up to 600,000 barrels of oil is discharging U.S. Eagle Ford crude oil into China’s eastern port of Qingdao on Friday, Reuters reported, quoting Refinitiv…

Maduro Moves Venezuela’s Oil Firm European Office To Moscow

Maduro Moves Venezuela’s Oil Firm European Office To Moscow

Mar 01, 2019 at 08:28 | Tsvetana Paraskova

Nicolas Maduro has ordered an office in Europe of Venezuela’s state oil firm PDVSA to be moved to Moscow, Venezuelan Vice President Delcy Rodriguez said on Friday after

LNG Oversupply May Be Looming

LNG Oversupply May Be Looming

Feb 28, 2019 at 15:51 | Tsvetana Paraskova

Although China will continue to raise its liquefied natural gas (LNG) imports this year, the 2019 rise in the world’s key LNG demand growth market may not be enough to…

Alberta Says Canada’s Project Approval Bill Could Worsen Oil Crisis    Descripti

Alberta Says Canada’s Project Approval Bill Could Worsen Oil Crisis Descripti

Feb 28, 2019 at 15:46 | Tsvetana Paraskova

Canada’s proposed legislation to amend the way major energy projects are being reviewed doesn’t work for oil-rich Alberta and risks exacerbating the oil industry’s troubles, Alberta’s Premier Rachel Notley

U.S. To Sell Up To 6 Million Barrels Of Oil From Strategic Petroleum Reserve

U.S. To Sell Up To 6 Million Barrels Of Oil From Strategic Petroleum Reserve

Feb 28, 2019 at 15:42 | Tsvetana Paraskova

The U.S. Department of Energy plans to sell up to 6 million barrels of crude oil from the Strategic Petroleum Reserve (SPR), with deliveries taking place in April and May,…

IEA Chief: U.S. Emission Cuts The Largest In Energy History

IEA Chief: U.S. Emission Cuts The Largest In Energy History

Feb 28, 2019 at 15:37 | Tsvetana Paraskova

The U.S. carbon dioxide emissions reduction over the past decade has been the largest cut in emissions in the history of energy, Dr. Fatih Birol, the Executive Director of the…

Petrobras Trader Enters Guilty Plea Deal for Money Laundering

Petrobras Trader Enters Guilty Plea Deal for Money Laundering

Feb 28, 2019 at 12:32 | Irina Slav

In the latest installment of long-running corruption investigation Operation Car Wash, an ex-oil trader for Brazil’s state energy giant Petrobras has agreed to plead guilty to charges of money laundering…

Cyprus Says Exxon Gas Discovery Is The Country’s Biggest To Date

Cyprus Says Exxon Gas Discovery Is The Country’s Biggest To Date

Feb 28, 2019 at 11:41 | Tsvetana Paraskova

As widely expected, ExxonMobil said on Thursday that it had made a natural gas discovery southwest off Cyprus, which Cypriot authorities hailed as the largest find offshore the eastern…

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