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Asian Refiners Diversify Away from Middle Eastern Oil

Asian Refiners Diversify Away from Middle Eastern Oil

Asian refiners are reducing their…

Putin Meets With Xi Jinping As Sanctions Weigh on Russian Economy

Putin Meets With Xi Jinping As Sanctions Weigh on Russian Economy

Russian President Vladimir Putin visited…

EU Unleashes Sweeping Sanctions Against Moscow and Minsk

EU Unleashes Sweeping Sanctions Against Moscow and Minsk

The European Commission presents a…

News

Canadian Oil Driller Abruptly Shuts Down, Abandons 4,700 Wells

Canadian Oil Driller Abruptly Shuts Down, Abandons 4,700 Wells

May 02, 2019 at 10:47 | Irina Slav

A junior Canadian gas E&P company has shut down abruptly, leaving as many as 4,700 wells behind, CBC reports, quoting…

India Asked US If It Can Keep Purchasing Iranian Crude Oil Despite End Of Waiver

India Asked US If It Can Keep Purchasing Iranian Crude Oil Despite End Of Waiver

May 02, 2019 at 09:13 | Julianne Geiger

India has asked the United States if it would be flexible in allowing India to continue importing Iranian crude oil despite the end of the sanction waivers on May 1,…

BP Doesn’t Have Merger Fever As US Shale Race Heats Up

BP Doesn’t Have Merger Fever As US Shale Race Heats Up

May 01, 2019 at 16:14 | Julianne Geiger

As the acquisition war rages on over Anadarko, some analysts are suggesting that there will be additional mergers and acquisitions as major oil companies seek to increase…

Trump To Ease Offshore Drilling Rules Imposed After Deepwater Horizon Disaster

Trump To Ease Offshore Drilling Rules Imposed After Deepwater Horizon Disaster

May 01, 2019 at 15:34 | Tsvetana Paraskova

The U.S. Department of the Interior plans to announce on Thursday the final draft of proposals to roll back some offshore oil drilling requirements imposed after the Deepwater Horizon disaster,…

Scientists: Trans Mountain Oil Tanks Pose Deadly Earthquake Risk

Scientists: Trans Mountain Oil Tanks Pose Deadly Earthquake Risk

May 01, 2019 at 13:01 | Tsvetana Paraskova

Some scientists and a British Columbian politician say that the oil tanks of the Trans Mountain on Burnaby Mountain would represent a huge risk to residents in the area…

Gambia Awards Disputed Offshore Oil Block To BP

Gambia Awards Disputed Offshore Oil Block To BP

May 01, 2019 at 12:04 | Tsvetana Paraskova

The small West African country Gambia has awarded BP the exploration rights to drill for oil and gas in an offshore block which another company claims it has the rights…

Abu Dhabi Launches Second Oil, Gas Exploration Bid Round

Abu Dhabi Launches Second Oil, Gas Exploration Bid Round

May 01, 2019 at 10:54 | Tsvetana Paraskova

The Abu Dhabi National Oil Company (ADNOC) is launching Abu Dhabi’s second competitive bid round for oil and gas exploration of conventional and unconventional resources, the state…

Houthis Want To Sell Crude To Fund Fuel Imports

Houthis Want To Sell Crude To Fund Fuel Imports

May 01, 2019 at 09:06 | Irina Slav

The leader of the Houthi uprising in Yemen, Mohammed Ali al-Houthi, has asked the United Nations to sell a cargo of crude to generate revenues that will be used for…

Surprise Crude Build Caps Oil Price Gains

Surprise Crude Build Caps Oil Price Gains

Apr 30, 2019 at 15:57 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise build in crude oil inventory of 6.81 million barrels for the week ending April 26, coming in over analyst expectations of a…

Buffett To Back Occidental With $10B In Bidding War For Anadarko

Buffett To Back Occidental With $10B In Bidding War For Anadarko

Apr 30, 2019 at 12:45 | Tsvetana Paraskova

Warren Buffett’s Berkshire Hathaway has committed to invest US$10 billion in equity in Occidental Petroleum if Occidental completes its proposed acquisition of Anadarko, Occidental said on Tuesday, a day…

Poland Taps Emergency Reserve After Contaminated Oil Forces Pipeline Shutdown

Poland Taps Emergency Reserve After Contaminated Oil Forces Pipeline Shutdown

Apr 30, 2019 at 12:34 | Tsvetana Paraskova

Poland has tapped into its emergency oil reserves in order to keep key refineries operating after contaminated crude oil forced the shutdown of the Druzhba oil pipeline carrying oil from…

Asian Importers Step Up Iranian Oil Purchases Before Waivers End

Asian Importers Step Up Iranian Oil Purchases Before Waivers End

Apr 30, 2019 at 12:22 | Tsvetana Paraskova

The biggest oil importers in Asia collectively bought 1.57 million bpd of oil from Iran in March, a 36-percent surge over February, as buyers rushed to use up the U.S.…

Guaido Announces “Final Phase” In Government Change Plan

Guaido Announces “Final Phase” In Government Change Plan

Apr 30, 2019 at 11:47 | Irina Slav

Venezuela’s opposition leader and self-declared interim president Juan Guaido has announced what he has termed the “final phase” in the opposition’s plan to take over the country from the Nicolas…

Metal “Trees” Suck Up CO2 From Air

Metal “Trees” Suck Up CO2 From Air

Apr 30, 2019 at 10:50 | Irina Slav

An Irish-based company has designed CO2-sucking metal columns that can clean up part of the carbon emissions released by cars. The company plans to install 1,200 such “metal trees” in…

Environmental Concern Tops Priority List For Energy Investments

Environmental Concern Tops Priority List For Energy Investments

Apr 30, 2019 at 09:09 | Irina Slav

More companies see environmental issues as their top concern when making decisions regarding energy investments, a PwC survey among UK businesses has found. The PwC & Energy UK B2B…

Michigan Attorney General Threatens To Scuttle Line 5 Pipeline Project

Michigan Attorney General Threatens To Scuttle Line 5 Pipeline Project

Apr 29, 2019 at 17:21 | Julianne Geiger

Michigan’s Attorney General Dana Nessel has threatened to “use every resource available” to shut down Enbridge’s Line 5 oil pipeline that runs under the Straits of Macinac, in a statement…

Rystad: Oil Wells To Be Drilled To The Moon And Back

Rystad: Oil Wells To Be Drilled To The Moon And Back

Apr 29, 2019 at 16:37 | Julianne Geiger

A new study published today by Rystad Energy forecasts that there will be more than a million kilometers of new oil and gas wells drilled by 2023 globally; the…

SEC Cries Foul Over Suspected Insider Trading In Anadarko

SEC Cries Foul Over Suspected Insider Trading In Anadarko

Apr 29, 2019 at 14:18 | Julianne Geiger

In the months leading up to the Chevron and Occidental (NYSE: OXY)  bids for Anadarko Petroleum Corp (NYSE: APC), there were suspicious purchases of Anadarko securities, according to the Securities…

Bidding War Heats Up As Anadarko Plans To Negotiate Occidental’s Bid

Bidding War Heats Up As Anadarko Plans To Negotiate Occidental’s Bid

Apr 29, 2019 at 11:44 | Tsvetana Paraskova

Anadarko Petroleum Corporation said on Monday that it plans to resume negotiations with Occidental Petroleum after Occidental announced last week a proposal to buy Anadarko at a higher price…

“Ridiculous” Quake Rules Force UK Shale Gas Commissioner To Resign

“Ridiculous” Quake Rules Force UK Shale Gas Commissioner To Resign

Apr 29, 2019 at 10:55 | Irina Slav

Natascha Engel, UK’s shale gas commissioner of six months has handed in her resignation, calling the earthquake rules adopted by the government “ridiculous” and an effective “ban on fracking.” The…

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