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News

UK’s LNG Imports Jump To Highest Since 2015

UK’s LNG Imports Jump To Highest Since 2015

Mar 18, 2019 at 18:12 | Tsvetana Paraskova

The UK is on track to import this month its highest volume of liquefied natural gas (LNG) since October 2015, as a wave of new global LNG supply and muted…

Saudi Arabia Continues To Cut Crude Oil Exports  

Saudi Arabia Continues To Cut Crude Oil Exports  

Mar 18, 2019 at 17:08 | Tsvetana Paraskova

Saudi Arabia’s crude oil exports continued to fall at the start of this year after OPEC’s largest producer started to aggressively cut oil supply in December last year to prevent…

Venezuela Says It May Send U.S.-Bound Oil To Russia

Venezuela Says It May Send U.S.-Bound Oil To Russia

Mar 18, 2019 at 16:30 | Tsvetana Paraskova

Venezuela may re-route crude oil that was initially bound for the United States to Russia and other countries, Manuel Quevedo, Venezuela’s Oil Minister and head of the state oil firm…

Tesla Wants To Enter India Soon

Tesla Wants To Enter India Soon

Mar 18, 2019 at 15:37 | Tsvetana Paraskova

Elon Musk is not giving up on the potentially huge but largely undeveloped electric vehicle (EV) market in India, saying that he ‘would love’ Tesla to be there this year…

Chinese Refiners Set To Boost Crude Oil Use To New Record In Q3

Chinese Refiners Set To Boost Crude Oil Use To New Record In Q3

Mar 18, 2019 at 14:13 | Tsvetana Paraskova

Chinese refiners are expected to process more than 13 million barrels of crude oil per day for the first time ever in the third quarter this year, a Reuters…

Iran To Boost South Pars Gas Output Via 4 New Phases

Iran To Boost South Pars Gas Output Via 4 New Phases

Mar 18, 2019 at 10:44 | Irina Slav

Iran’s President Hassan Rouhani officially launched four new development phases at the giant South Pars offshore gas field, which will add 110 million cubic meters to the daily output of…

Kazakhstan To Shut Down Giant Kashagan Field To Comply With OPEC+ Cuts

Kazakhstan To Shut Down Giant Kashagan Field To Comply With OPEC+ Cuts

Mar 18, 2019 at 10:19 | Irina Slav

Kazakhstan will shut down production at its giant Kashagan field to comply with production cuts agreed by OPEC and its partners in December. S&P Global Platts quoted the country’s energy…

Shell Outlines First Short-Term Carbon Emission

Shell Outlines First Short-Term Carbon Emission

Mar 15, 2019 at 14:44 | Tsvetana Paraskova

Royal Dutch Shell has set its first-ever short-term goals to cut the carbon footprint of its operations and product sales as the oil and gas industry is under intense investor…

Alberta’s Production Cuts Stall New Oil Sands Projects

Alberta’s Production Cuts Stall New Oil Sands Projects

Mar 15, 2019 at 14:31 | Tsvetana Paraskova

Imperial Oil said on Friday that it had slowed down the development of its Aspen oil sands project, due to the market uncertainty that the mandatory production cuts in…

Canada Funds Clean Technology In Alberta’s Oil Sands

Canada Funds Clean Technology In Alberta’s Oil Sands

Mar 15, 2019 at 14:30 | Tsvetana Paraskova

Canada’s federal government is funding three clean technology projects in Alberta’s oil and gas industry, allocating resources to two companies to help them develop processes to curb emissions at their…

Canada Digs Deep To Fund Protection From Oil Spills

Canada Digs Deep To Fund Protection From Oil Spills

Mar 15, 2019 at 14:26 | Tsvetana Paraskova

Canada’s Minister of Fisheries, Oceans and the Canadian Coast Guard, Sean Casey, will make an important announcement on March 18th concerning funding provided to international organizations to protect Canadian waters…

UK Crude Oil Loadings Continue To Drop

UK Crude Oil Loadings Continue To Drop

Mar 15, 2019 at 14:24 | Tsvetana Paraskova

The UK’s crude oil loadings remained below 800,000 bpd for the third month in a row in February, while authorities expect Britain’s crude oil production to decline through at least…

LNG Canada May End Up With Double Its Initial Capacity

LNG Canada May End Up With Double Its Initial Capacity

Mar 15, 2019 at 11:18 | Irina Slav

LNG Canada may end up with a total capacity of 28 million tons of the fuel annually, to be built in two phases, the project’s chief executive told Reuters…

Tesla Unveils Model Y

Tesla Unveils Model Y

Mar 15, 2019 at 10:26 | Irina Slav

Tesla last night unveiled the latest member of its passenger vehicle family, the Model Y crossover SUV, which sports a range of up to 300 miles, seats seven, and…

California Cities Want Big Oil Lawsuit Back In Court

California Cities Want Big Oil Lawsuit Back In Court

Mar 15, 2019 at 10:11 | Irina Slav

San Francisco and Oakland have approached a federal appeals court with a request to reinstate their lawsuits against five Big Oil companies, which a U.S. District Judge dismissed last year.…

Top U.S. Refiner: Venezuela Sanctions Are Not Disrupting Refining

Top U.S. Refiner: Venezuela Sanctions Are Not Disrupting Refining

Mar 14, 2019 at 16:33 | Tsvetana Paraskova

The U.S. sanctions on Venezuela’s oil industry have not had a significant impact on the operations of the largest U.S. refiner Marathon Petroleum Corp, chairman and chief executive officer Gary…

Norway Plans To Expand Arctic Oil Exploration Areas

Norway Plans To Expand Arctic Oil Exploration Areas

Mar 14, 2019 at 12:38 | Tsvetana Paraskova

Norway’s government is proposing to expand the area that will be offered for oil and gas exploration in the 2019 licensing round of acreage in mature areas, Petroleum and…

Why Oil & Gas Companies Can’t Snag Millennial Talent

Why Oil & Gas Companies Can’t Snag Millennial Talent

Mar 14, 2019 at 12:31 | Tsvetana Paraskova

The oil and gas sector is facing a stiff competition in attracting young talent in science, technology, engineering, and mathematics (STEM) because Millennials and Generation Zs are most interested in…

Iran Pipeline Explosion Kills Four

Iran Pipeline Explosion Kills Four

Mar 14, 2019 at 12:08 | RFE/RL staff

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Iraq Looks To Boost Crude Oil Trading Business

Iraq Looks To Boost Crude Oil Trading Business

Mar 14, 2019 at 11:40 | Tsvetana Paraskova

Iraq’s State Oil Marketing Organization (SOMO) is looking to expand its crude oil trading activities with more spot sales and with opening offices outside Iraq, the director of SOMO’s crude…

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