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News

Operation ‘Sharpshooter’ Targets Energy, Defense Firms

Operation ‘Sharpshooter’ Targets Energy, Defense Firms

Dec 14, 2018 at 12:02 | Tsvetana Paraskova

A new global cyber threat campaign has recently infiltrated dozens of energy, defense, nuclear, and financial companies around the world, using malware to extract and exploit data from these…

Russia Oil Exports Down 36.65M Barrels In First 10 Months

Russia Oil Exports Down 36.65M Barrels In First 10 Months

Dec 14, 2018 at 11:50 | Irina Slav

Russia exported 36.65 million barrels (5 million tons) less crude oil in the first ten months of the year, not least because of its participation in the OPEC+ pact to…

China Refineries Process Less Oil As Fuel Prices Decline

China Refineries Process Less Oil As Fuel Prices Decline

Dec 14, 2018 at 08:53 | Irina Slav

Chinese refinery runs stood at 12.28 million bpd last month, higher than the same time last year but lower than the previous month and the month before, when runs reached…

Legendary Oil Trader Is Bullish On Oil Prices

Legendary Oil Trader Is Bullish On Oil Prices

Dec 13, 2018 at 16:33 | Tsvetana Paraskova

Legendary oil trader Andy Hall, who was nicknamed oil ‘God’ for profitably predicting a bull run in oil prices in the past, told Bloomberg TV on Thursday that oil prices…

Tariffs Hit U.S. Solar Market In Q3, But Plans Show Strong Rebound

Tariffs Hit U.S. Solar Market In Q3, But Plans Show Strong Rebound

Dec 13, 2018 at 16:23 | Tsvetana Paraskova

The U.S. tariffs on imported solar cells and modules created uncertainty in the market earlier this year, resulting in quarterly additions of utility-scale solar dropping in Q3 below 1 gigawatt…

Minnesota Rejects Opponents’ Petitions To Stop Line 3

Minnesota Rejects Opponents’ Petitions To Stop Line 3

Dec 13, 2018 at 15:42 | Tsvetana Paraskova

Minnesota’s Public Utilities Commission voted unanimously on Thursday to reject petitions by environmental and indigenous groups to review its decision to grant a certificate of need for the Line…

Is This Cyber Attack An Indirect Hit At Saudi Aramco?

Is This Cyber Attack An Indirect Hit At Saudi Aramco?

Dec 13, 2018 at 15:15 | Tsvetana Paraskova

Italy’s oil services group Saipem has said that the cyber attack that hit its servers in the Middle East earlier this week is a variant of the notorious Shamoon…

Iran Loses Market Share In India As Its Oil Exports Slump In November

Iran Loses Market Share In India As Its Oil Exports Slump In November

Dec 13, 2018 at 13:50 | Tsvetana Paraskova

India’s oil imports from Iran dropped to a one-year-low in November, plunging by 41 percent from October due to the U.S. sanctions, Reuters reported…

‘Climate Passport’ For People Driven Away By Global Warming Proposed

‘Climate Passport’ For People Driven Away By Global Warming Proposed

Dec 13, 2018 at 13:36 | Tsvetana Paraskova

A climate researcher proposed on Thursday the establishment of a kind of ‘climate passport’, allowing people who have been driven away from their homes due to the impact of…

Beijing Adds 3 Million Households To Overstretched Gas Network

Beijing Adds 3 Million Households To Overstretched Gas Network

Dec 13, 2018 at 12:37 | Irina Slav

China’s natural gas demand could grow by 4.5 billion cubic meters next year as Beijing added another three million households to gas heating, Reuters has calculated. The number is…

Total Cuts Stake In Ichthys LNG On Cost Overruns

Total Cuts Stake In Ichthys LNG On Cost Overruns

Dec 13, 2018 at 10:35 | Irina Slav

French energy major Total said it had cut its interest in the Ichthys LNG project operated by Japan’s Inpex in Australia, citing cost overruns Total’s strict capital discipline. The…

Japanese Refiners Will Resume Iran Crude Purchases Next Month

Japanese Refiners Will Resume Iran Crude Purchases Next Month

Dec 13, 2018 at 08:49 | Irina Slav

Japanese refiners will start buying Iranian crude oil in January, but will only continue buying until March to make sure they don’t get on the bad side of Washington in…

Exxon Makes Final Decision On Australian Gas Project

Exxon Makes Final Decision On Australian Gas Project

Dec 13, 2018 at 08:27 | Irina Slav

Exxon has decided to go ahead with the development of the West Barracouta natural gas project off the coast of Australia, which will supply gas to the domestic market, the…

Yemen To Resume Oil Exports On U.S. Threat To Withdraw Support

Yemen To Resume Oil Exports On U.S. Threat To Withdraw Support

Dec 12, 2018 at 16:39 | Julianne Geiger

Saudi-led forces and Yemen-based Houthi rebels announced that oil and gas exports will resume in an effort to restore revenues to the troubled country, Reuters reported on Wednesday. The U.S.…

Uganda’s First Oil Sees Setback As Players Quibble Over Tariffs

Uganda’s First Oil Sees Setback As Players Quibble Over Tariffs

Dec 12, 2018 at 15:23 | Julianne Geiger

Uganda may be getting its first whiff of the so-called oil curse, as the government on Wednesday announced that production on a major oil pipeline may see a delay as…

China’s CNPC Halts Iran Gas Investment Under U.S. Pressure

China’s CNPC Halts Iran Gas Investment Under U.S. Pressure

Dec 12, 2018 at 13:01 | Tsvetana Paraskova

State-controlled China National Petroleum Corporation (CNPC) has suspended investment in the giant South Pars gas field in Iran, following pressure from the United States and in an attempt to steer…

Total To Boost Exploration In Mauritania

Total To Boost Exploration In Mauritania

Dec 12, 2018 at 12:39 | Tsvetana Paraskova

France’s supermajor Total said on Wednesday that it had signed an agreement with Mauritania for two new exploration and production contracts in the country’s deep offshore, amid growing interest…

Michigan Greenlights Oil Pipeline Project

Michigan Greenlights Oil Pipeline Project

Dec 12, 2018 at 09:32 | Irina Slav

The Michigan Legislature approved the Great Lakes pipeline project that envisages the replacement of a section of Enbridge’s Line 5 pipeline, which is 65 years old, and agreed to set…

Virus That Haunted Aramco In 2012 Is Back

Virus That Haunted Aramco In 2012 Is Back

Dec 12, 2018 at 09:11 | Irina Slav

A variant of the Shamoon malware that hit Saudi Aramco’s servers six years ago is back, Axios reports, citing a release from the cybersecurity unit of Alphabet, Chronicle. According…

Crystallex Threatens Venezuela’s Crown Jewel Citgo Again

Crystallex Threatens Venezuela’s Crown Jewel Citgo Again

Dec 12, 2018 at 08:04 | Irina Slav

Canadian miner Crystallex has accused Venezuela of breaching a US$1.4-billion settlement agreement as PDVSA continued to try and overturn a court order that allowed Crystallex to take control of the…

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