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Azerbaijan Feels the Heat as U.S. House Considers Sanctions

Azerbaijan Feels the Heat as U.S. House Considers Sanctions

Azerbaijan faces potential sanctions from…

Fossil Fuel Companies Face Mounting Legal Challenges

Fossil Fuel Companies Face Mounting Legal Challenges

Lawsuits against big oil companies…

Carbon-Eating Bacteria May Hold The Key To Decarbonization

Carbon-Eating Bacteria May Hold The Key To Decarbonization

A U.S.-based biotechnology firm is…

News

Oil Producers Accustomed to Price Volatility At This Point

Oil Producers Accustomed to Price Volatility At This Point

Mar 07, 2018 at 10:03 | Zainab Calcuttawala

Three years of market downturn has caused oil producers to become accustomed to barrel price volatility, according to a new report by S&P Global Platts. "We've just decided to…

Oil Prices Fall After API Reports Major Crude Build

Oil Prices Fall After API Reports Major Crude Build

Mar 06, 2018 at 15:43 | Julianne Geiger

The American Petroleum Institute (API) reported a huge build of 5.661 million barrels of United States crude oil inventories for the week ending March 2, according to the API data.…

Chevron Expects Up To 7% Production Growth In 2018

Chevron Expects Up To 7% Production Growth In 2018

Mar 06, 2018 at 13:47 | Tsvetana Paraskova

Chevron expects its 2018 net production to grow by between 4 percent and 7 percent at oil prices at $60 a barrel, the U.S. oil supermajor said in its…

Indonesia Scraps Energy Regulation Hoping To Attract $50B In Investments

Indonesia Scraps Energy Regulation Hoping To Attract $50B In Investments

Mar 06, 2018 at 13:17 | Tsvetana Paraskova

Indonesia has scrapped a total of 186 energy regulations and permit requirements, hoping to make its energy sector more attractive as it seeks to lure as much as US$50…

Saudi Ex-Oil Minister Not Worried About Demand Forecasts

Saudi Ex-Oil Minister Not Worried About Demand Forecasts

Mar 06, 2018 at 11:01 | Irina Slav

Saudi Arabia’s former oil minister, Ali al-Naimi, is not worried about demand forecasts that suggest OPEC may have a hard time keeping prices high enough for everyone’s comfort thanks…

Arctic Oil Lease Sale Could Come Next Year

Arctic Oil Lease Sale Could Come Next Year

Mar 06, 2018 at 09:59 | Irina Slav

The first lease sale in the Arctic National Wildlife Refuge could take place as early as next year, Senator Dan Sullivan from Alaska said at CERAWeek. Officials from the Interior…

Saudi Bourse Looks To Attract Foreign Investors Amid Aramco IPO

Saudi Bourse Looks To Attract Foreign Investors Amid Aramco IPO

Mar 06, 2018 at 09:01 | Tsvetana Paraskova

While it is getting ready to host the initial public offering of Saudi Aramco in what could be the world’s biggest IPO in history, Saudi Arabia’s stock exchange is looking…

Activists Accuse South Sudan Of Using Oil Wealth For War Crimes

Activists Accuse South Sudan Of Using Oil Wealth For War Crimes

Mar 05, 2018 at 17:17 | Zainab Calcuttawala

South Sudan’s government has been using cash from the national oil company to pay militias to commit attacks on civilians, according to activists making allegations in an interview. South…

Japan Commissions Oil Tanker To Combat Chinese Presence In East China Sea

Japan Commissions Oil Tanker To Combat Chinese Presence In East China Sea

Mar 05, 2018 at 15:44 | Zainab Calcuttawala

A new oil tanker commissioned by Japan to carry fuel to Okinawa will fight a growing Chinese presence in the East China Sea, according to sources familiar with the…

Supermajors Showing Interest In Greek Oil And Gas

Supermajors Showing Interest In Greek Oil And Gas

Mar 05, 2018 at 15:31 | Zainab Calcuttawala

Offshore oil and gas blocks in Greece are catching the attention of the likes of Total, ExxonMobil, and Repsol, according to a new report by Reuters. Exxon, Total, and…

EU Can’t Extend Gas Market Regulation To Nord Stream 2

EU Can’t Extend Gas Market Regulation To Nord Stream 2

Mar 05, 2018 at 15:01 | Tsvetana Paraskova

A legal opinion by the Council of the European Union has rejected a proposal by the European Commission to extend EU-wide gas rules to offshore pipelines, dealing a blow to…

Rosneft Could Be The Key To Iraq-Kurdistan Oil Deal

Rosneft Could Be The Key To Iraq-Kurdistan Oil Deal

Mar 05, 2018 at 14:49 | Tsvetana Paraskova

Russian oil giant Rosneft could be the key in the talks between the Iraqi government and Kurdistan for the full resumption of oil exports from the semi-autonomous region, Reuters

U.S. Navy Boosts Mediterranean Presence As Exxon Set To Explore Offshore Cyprus

U.S. Navy Boosts Mediterranean Presence As Exxon Set To Explore Offshore Cyprus

Mar 05, 2018 at 13:29 | Tsvetana Paraskova

The U.S. Navy has increased its Mediterranean fleet, just a couple of weeks before Exxon is due to send two surveying vessels to explore offshore Cyprus near the area where…

Rystad Energy: Mature Fields Grew By 151 Billion Barrels In Four Years

Rystad Energy: Mature Fields Grew By 151 Billion Barrels In Four Years

Mar 05, 2018 at 11:26 | Rystad Energy

Rystad Energy estimates that liquid resources from mature assets grew 151 billion barrels over the last four years, which is almost 17 percent more than the amount produced in those…

Russian Energy Minister: Gas Flow To EU Remains Reliable

Russian Energy Minister: Gas Flow To EU Remains Reliable

Mar 05, 2018 at 10:00 | Tsvetana Paraskova

Russia’s Energy Minister Alexander Novak has said that Russian natural gas deliveries to the European Union remain reliable despite the fresh dispute between Russia’s Gazprom and the gas company of…

Sharara Oil Field Resumes Pumping After Weekend Shutdown

Sharara Oil Field Resumes Pumping After Weekend Shutdown

Mar 05, 2018 at 09:25 | Irina Slav

Crude oil production at Sharara, Libya’s biggest oil field, was briefly suspended after the pipeline that feeds the crude from the field to the Zawiya terminal was blocked. That’s what…

Saudi Arabian Oilfields “Greenest” In The World

Saudi Arabian Oilfields “Greenest” In The World

Mar 02, 2018 at 16:49 | Zainab Calcuttawala

Nature magazine’s new study says Saudi Arabian oilfields are amongst the lowest carbon emitters on the planet, according to the Houston Chronicle. Venezuelan fields took the opposite aplomb, with…

Oil Major Total Boosts Presence In Libya’s Upstream

Oil Major Total Boosts Presence In Libya’s Upstream

Mar 02, 2018 at 16:47 | Tsvetana Paraskova

France’s oil major Total is boosting its upstream Libyan operations by acquiring the 16.33-percent stake of the Waha oil concessions held by U.S. Marathon Oil Corporation for US$450 million…

Oil Industry Opposes Steel Tariffs

Oil Industry Opposes Steel Tariffs

Mar 02, 2018 at 16:43 | Zainab Calcuttawala

The Trump administration announced new tariffs on imported steel and aluminum on Thursday, despite resistance from the United States oil industry, Republicans leaders in Congress, and key international trading partners,…

Ukraine Closes Schools To Save Natural Gas

Ukraine Closes Schools To Save Natural Gas

Mar 02, 2018 at 16:34 | Tsvetana Paraskova

Amid freezing temperatures in a Europe-wide cold snap, Ukraine has switched its thermal power plants to fuel oil from natural gas and is closing schools until March 6 in an…

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