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Big Oil May Not Support All Trump 2.0 Policies

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Trump's two primary campaign promises,…

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News

Favorite To Win Next Alberta Election Vows To Fight For Oil

Favorite To Win Next Alberta Election Vows To Fight For Oil

Feb 11, 2019 at 17:33 | Tsvetana Paraskova

Jason Kenney, the leader of the United Conservative Party (UCP), expected by polls to win this year’s election in Alberta, has vowed to fight harder for the province’s oil to…

Egyptian Oil & Gas Is BP’s Top Investment Destination Again

Egyptian Oil & Gas Is BP’s Top Investment Destination Again

Feb 11, 2019 at 17:28 | Tsvetana Paraskova

Oil and gas supermajor BP invested more in Egypt in each of the past two years than in any other country, BP’s chief executive officer Bob Dudley said at…

Government-Backed Forces Reach Libya’s Sharara Field

Government-Backed Forces Reach Libya’s Sharara Field

Feb 11, 2019 at 15:43 | Irina Slav

Forces from the Petroleum Facilities Guard sent by the UN-recognized government of Libya have reached the Sharara field, which the Libyan National Army, affiliated with the rival government in Eastern…

PDVSA Directs Oil Buyers To Russian Bank Account: Report

PDVSA Directs Oil Buyers To Russian Bank Account: Report

Feb 11, 2019 at 11:42 | Irina Slav

Venezuela’s troubled state oil company PDVSA is telling the buyers of oil produced by its joint ventures to deposit the money for purchases in a new bank account recently opened…

South Sudan Aims To Boost Oil Production To 350,000 Bpd By Mid-2020

South Sudan Aims To Boost Oil Production To 350,000 Bpd By Mid-2020

Feb 11, 2019 at 11:04 | Tsvetana Paraskova

South Sudan is looking to pump more than 350,000 bpd of oil by the middle of next year, compared to current production of 140,000 bpd, South Sudan’s Oil Minister Ezekiel…

Tesla Model 3 Tops Global EV Sales List For 2018

Tesla Model 3 Tops Global EV Sales List For 2018

Feb 11, 2019 at 10:52 | Irina Slav

Tesla Model 3 topped the global EV sales ranking compiled by CleanTechnica and EV Volumes for 2018. In fact, Tesla as a brand dominated the top 5, with all…

Yemen Eyes Exports Of 75,000 Bpd This Year

Yemen Eyes Exports Of 75,000 Bpd This Year

Feb 11, 2019 at 09:32 | Irina Slav

Yemen’s Saudi-backed government has plans to export crude oil at a rate of 75,000 bpd this year, according to oil minister Aws Abdullah al-Awd, who spoke to Reuters. “We…

Saudi Oil Tanker “Accidentally” Heads To Venezuela

Saudi Oil Tanker “Accidentally” Heads To Venezuela

Feb 08, 2019 at 16:48 | Tsvetana Paraskova

A very large partially loaded oil tanker from Saudi Arabia is heading to Venezuela in an extremely rare shipment between the two oil producers and OPEC members, S&P Global…

Japan To Boost Energy Cooperation With Russia

Japan To Boost Energy Cooperation With Russia

Feb 08, 2019 at 16:33 | Tsvetana Paraskova

Amid growing uncertainties on the global oil market, Japan is looking to boost its energy cooperation with Russia, and international sanctions on Moscow don’t prohibit cooperation, Japan’s Economy, Trade and…

Kazakhstan Delays Oil Firm’s IPO Amid Worsening Market Conditions

Kazakhstan Delays Oil Firm’s IPO Amid Worsening Market Conditions

Feb 08, 2019 at 15:42 | Tsvetana Paraskova

Kazakhstan has postponed the listing of its state oil and gas firm KazMunayGas (KMG) until after 2019, due to worsening market conditions and Brexit uncertainty that could dampen investor appetite…

Oil Workers Exodus Could Complicate Efforts To Reverse Venezuela’s Collapse

Oil Workers Exodus Could Complicate Efforts To Reverse Venezuela’s Collapse

Feb 08, 2019 at 13:32 | Tsvetana Paraskova

Not only ordinary Venezuelan people have been fleeing poverty and hyperinflation in the Latin American country in recent years. Oil workers are also leaving their poor-paying jobs in the country…

House Committee Approves Anti-OPEC Bill

House Committee Approves Anti-OPEC Bill

Feb 08, 2019 at 11:04 | Irina Slav

A committee from the House of Representatives has approved a bill aimed at making OPEC members liable to U.S. antitrust legislation, Reuters reports, adding the prospects of the bill…

Venezuela Mixes Heavy With Light Crude As Imports Slump

Venezuela Mixes Heavy With Light Crude As Imports Slump

Feb 08, 2019 at 09:33 | Irina Slav

Venezuela’s PDVSA has begun mixing its extra heavy crude with locally produced light oil as imported diluents from the United States are now hard to come by, Reuters reports,…

EIA: Venezuela Oil Sanctions Unlikely To Significantly Impact U.S. Refiners

EIA: Venezuela Oil Sanctions Unlikely To Significantly Impact U.S. Refiners

Feb 07, 2019 at 17:46 | Tsvetana Paraskova

The U.S. sanctions on Venezuela’s oil industry and state oil firm PDVSA are unlikely to have a significant impact on the refinery runs of the U.S. refiners, the Energy Information…

Keystone Oil Pipeline Partly Shut To Investigate Possible Leak

Keystone Oil Pipeline Partly Shut To Investigate Possible Leak

Feb 07, 2019 at 17:25 | Tsvetana Paraskova

A part of TransCanada’s Keystone oil pipeline, the crucial route carrying crude oil from Canada’s Alberta province to U.S. refineries, has been shut down for investigation of a possible leak…

U.S. Tells Iran’s Oil Customers Not To Expect New Waivers

U.S. Tells Iran’s Oil Customers Not To Expect New Waivers

Feb 07, 2019 at 17:14 | Tsvetana Paraskova

Iran’s oil customers should not expect new U.S. waivers in May, the U.S. Special Representative for Iran, Brian Hook, said this week, urging buyers to stop importing Iranian oil. “What…

Cheap Canadian Oil Boosts Marathon Petroleum Q4 Refinery Runs

Cheap Canadian Oil Boosts Marathon Petroleum Q4 Refinery Runs

Feb 07, 2019 at 15:48 | Tsvetana Paraskova

Refinery runs at Marathon Petroleum (NYSE:MPC) jumped by 56 percent in the fourth quarter of 2018 from the same period of 2017, driven by the combination with Andeavor and…

Oil Major Total Evacuates Staff From Venezuela After U.S. Sanctions

Oil Major Total Evacuates Staff From Venezuela After U.S. Sanctions

Feb 07, 2019 at 13:16 | Tsvetana Paraskova

France’s oil and gas major Total has pulled out all its personnel from Venezuela following the U.S. sanctions on Venezuelan state oil firm PDVSA, which also blocked Total’s accounts…

PG&E In the Hot Seat Again After San Francisco Gas Line Explosion

PG&E In the Hot Seat Again After San Francisco Gas Line Explosion

Feb 07, 2019 at 11:11 | Irina Slav

A gas line operated by Pacific Gas and Electric Co. exploded yesterday, sending flames high into the air, the San Francisco Chronicle reported, adding that the explosion set five…

Governments To Saddle B.C. Hydro Customers With $4-Billion Debt

Governments To Saddle B.C. Hydro Customers With $4-Billion Debt

Feb 07, 2019 at 09:25 | Irina Slav

B.C. Hydro has accumulated a US$4.2-billion (C$5.5 billion) pile of so-called deferral accounts as a result of political pressure from provincial governments to keep rates lower than they need to…

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