European steel mills face challenges…
Despite big additions of renewable…
Producers and midstream companies are…
CEFC China Energy Co. has announced that it is abandoning its plans to acquire 50 percent in Czech-Slovak holding J&T Finance Group. This is the latest from an energy company…
Saudi Aramco is negotiating the acquisition of a majority stake in a massive oil refining complex set to be built in the western Indian state of Maharashtra, India’s Economic Times…
An Uber self-driving SUV killed a woman crossing the street in Arizona, causing the pseudo-taxi companies to suspend its ambitious autonomous vehicle program, a new Reuters report says. The…
Saudi Arabian diesel and gasoline exports reached record heights in January as the world’s largest oil exporter continues its compliance to the Organization of Petroleum Exporting Countries’ (OPEC) output cut…
Iraq’s latest attempt to expand oil production capacity has the oil ministry considering a plan to inject seawater into underwater crude deposits from a manmade island, according to a new…
Iran will be looking to sign US$6 billion worth of oil contracts with local drilling and production companies in the next Iranian calendar year that starts on March 21, 2018,…
Russia’s oil giant Rosneft reported on Monday a fourth-quarter net profit, meeting analyst expectations and coming in at more than double the third quarter profit after it settled a…
Eni will reduce its oil production in Libya to 200,000 bpd in 2021 from the current 320,000 bpd, Claudio Descalzi, chief executive of the Italian oil major, said at…
French Total has signed two 40-year concessions worth a combined US$1.45-billion with the Abu Dhabi National Oil Company, or Adnoc. The concessions are for 20 percent in the Umm…
The Italian oil major Eni will discuss sanctions against Russia with authorities in the European Union and the United States to gain clarity on the economic rivalry forming between President…
Nigeria’s long-awaited Petroleum Industry Governance Bill (PIGB) will be signed into law by President Muhammadu Buhari towards the end of March, legislators hope, according to Reuters. The OPEC nation…
Between U.S. President Donald Trump’s inauguration on January 20, 2017, and end-February 2018, eight out of 11 commodity benchmark prices tracked by S&P Global Platts increased, with Chicago CBOB Gasoline…
Traders have booked in recent weeks at least three tankers to store summer-grade gasoline off the coasts of the Netherlands as supplies in northwest Europe have steadily increased this year,…
Minnesota’s Public Utilities commission voted unanimously to approve the final environmental review of the proposed replacement of Enbridge’s Line 3 oil pipeline. Enbridge has proposed to replace the existing infrastructure…
The Federal Energy Regulatory Commission has outlined the steps it would take to make sure that the clients of utilities and oil and gas pipeline operators don’t bear any financial…
Amnesty International has accused Shell and Eni of being negligent regarding oil spills in the Niger Delta—a veritable disaster site after decades of spills, sabotages, and oil theft. The…
British Petroleum has begun to sell off its mature oil fields in Egypt to shift its focus to developing the country’s large natural gas reserves, according to a new report…
Incoming State Secretary Mike Pompeo could change foreign policy in a way that could trigger the loss of 1.4 million barrels per day in global crude supply s ence…
Ukraine’s state-held gas company Naftogaz and Russia’s gas giant Gazprom will meet by the end of March to discuss the new dispute over gas supplies between the two countries, the…
Better technology could reduce the average production costs of all oil and gas resource classes by around 30 percent per barrel of oil equivalent by 2050, oil and gas supermajor…