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News

Norway’s $1-Trillion Wealth Fund Expects Big Swings In Value

Norway’s $1-Trillion Wealth Fund Expects Big Swings In Value

Feb 27, 2018 at 12:57 | Tsvetana Paraskova

The world’s biggest sovereign wealth fund, Norway’s US$1-trillion Government Pension Fund Global, expects large value fluctuations ahead, as it will rely more on the stock market value and less…

Sempra Clears Another Hurdle In Oncor Acquisition

Sempra Clears Another Hurdle In Oncor Acquisition

Feb 27, 2018 at 11:19 | Irina Slav

Sempra Energy has gotten a step closer to completing the acquisition of the biggest utility in Texas, Oncor Electric Company, after the bankruptcy court for the state of Delaware

Natural Gas To Become Primary Source Of Energy In Latin America

Natural Gas To Become Primary Source Of Energy In Latin America

Feb 27, 2018 at 10:54 | Francesco Stipo

On Thursday, February 1, Hon. Alfonso Blanco Bonilla, Executive Secretary of the Latin America Energy Organization (OLADE), presented the energy outlook for 2018 to the 2nd Latin America Energy Forum,…

U.S. Oil Exports to Sinopec Could Top 200,000 Bpd This Year

U.S. Oil Exports to Sinopec Could Top 200,000 Bpd This Year

Feb 27, 2018 at 10:09 | Irina Slav

China’s Sinopec could import over 10 million tons of U.S. crude this year, equivalent to a daily rate of over 200,800 barrels. This would constitute an 80-percent annual increase…

New U.S. Sanctions Target Libyan Smugglers

New U.S. Sanctions Target Libyan Smugglers

Feb 26, 2018 at 17:56 | Zainab Calcuttawala

A new round of U.S. sanctions targets Libyan smugglers to block the unauthorized exploitation of natural resources in the North African country, according to a new report by Reuters.…

Shell: LNG Markets May Need $200 Billion In Investments By 2030

Shell: LNG Markets May Need $200 Billion In Investments By 2030

Feb 26, 2018 at 17:47 | Zainab Calcuttawala

Shell projects that the global liquefied natural gas (LNG) markets may need up to $200 billion in investments by the end of 2030, according to Reuters. The top global…

British Energy Minister Urges “Big Six” To Limit Lobbying Against Price Caps

British Energy Minister Urges “Big Six” To Limit Lobbying Against Price Caps

Feb 26, 2018 at 17:21 | Zainab Calcuttawala

British Energy and Clean Growth Minister Claire Perry asked the United Kingdom’s biggest energy firms to restrict lobbying against a new bill that would instill a price cap on…

Australia, East Timor Agree On Border, Pathway To Develop Giant Gas Fields

Australia, East Timor Agree On Border, Pathway To Develop Giant Gas Fields

Feb 26, 2018 at 16:50 | Tsvetana Paraskova

Australia and East Timor have reached an agreement in their long-running dispute over their maritime border and on a pathway to develop the gas fields in the Greater Sunrise territory…

Judge Revokes Energy Transfer Partners Louisiana Oil Pipeline Permit

Judge Revokes Energy Transfer Partners Louisiana Oil Pipeline Permit

Feb 26, 2018 at 16:08 | Tsvetana Paraskova

In the latest chapter of the legal battles between oil pipeline builders and environmentalists, a federal judge in Louisiana has halted the construction of an Energy Transfer Partners oil pipeline…

Iraq-Iran Oil Swap Deal Delayed Due To Security Concerns

Iraq-Iran Oil Swap Deal Delayed Due To Security Concerns

Feb 26, 2018 at 12:55 | Tsvetana Paraskova

An Iraqi-Iranian oil swap deal under which Iraq would truck 60,000 bpd of Kirkuk oil to Iran in exchange for Iranian oil to southern Iraq cannot be currently fully implemented…

Australia To Get New LNG Import Terminal

Australia To Get New LNG Import Terminal

Feb 26, 2018 at 12:52 | Irina Slav

Fortescue Metal’s chairman Andrew Forrest and two Japanese utilities plan to build an LNG import terminal in New South Wales by 2020 to help alleviate an energy crunch in…

Renewables Investment Spikes, But The Oil Age Isn’t Over Yet

Renewables Investment Spikes, But The Oil Age Isn’t Over Yet

Feb 26, 2018 at 11:03 | Shubham Saxena

The new energy order will show fossils its position in the room, there is a hostile takeover of oil by renewables, but none can oust oil from the room. The…

Earthquake Disrupts Oil & Gas Operations In Papua

Earthquake Disrupts Oil & Gas Operations In Papua

Feb 26, 2018 at 09:38 | Irina Slav

An earthquake of a 7.5 magnitude led to the suspension of oil and gas operations in Papua New Guinea yesterday. The epicenter of the quake was in a remote area…

Tesla Offers Free EV Charging Stations To U.S. Businesses

Tesla Offers Free EV Charging Stations To U.S. Businesses

Feb 23, 2018 at 16:12 | Tsvetana Paraskova

Tesla Inc is launching a new charging stations program under which it will provide free charging stations to businesses and commercial property owners to help electric car owners charge…

Shell To Shut Louisiana Refinery Gasoline Unit For Overhaul In June

Shell To Shut Louisiana Refinery Gasoline Unit For Overhaul In June

Feb 23, 2018 at 16:11 | Tsvetana Paraskova

Royal Dutch Shell plans to shut for a planned overhaul the 92,000-bpd gasoline producing unit at its refinery at Convent, Louisiana, for some six weeks starting in June, Reuters…

Exxon, BHP Drop Sale Of Mature Australian Oil, Gas Assets

Exxon, BHP Drop Sale Of Mature Australian Oil, Gas Assets

Feb 23, 2018 at 14:34 | Tsvetana Paraskova

ExxonMobil and BHP Billiton have decided to abandon the 20-month-long sales process of their joint ageing oil assets offshore Australia and will keep ownership and operation of the fields and…

70,000 Bpd Come Offline As Libya Shuts El-Feel Oilfield

70,000 Bpd Come Offline As Libya Shuts El-Feel Oilfield

Feb 23, 2018 at 12:59 | Tsvetana Paraskova

Libya’s El Feel oil field was shuttered on Friday, taking 70,000 bpd of oil production offline, after guards at the field withdrew amid a dispute over pay, Reuters reports,…

Turkey’s Navy Threatens To Sink Eni Drilling Ship Offshore Cyprus

Turkey’s Navy Threatens To Sink Eni Drilling Ship Offshore Cyprus

Feb 23, 2018 at 11:57 | Tsvetana Paraskova

Turkish Navy vessels threatened on Friday to sink a drilling ship that oil major Eni has hired to explore for oil and gas offshore Cyprus—a divided island whose northern part…

British Columbia Backs Down On Trans Mountain

British Columbia Backs Down On Trans Mountain

Feb 23, 2018 at 09:37 | Irina Slav

British Columbia has made a small concession to Alberta by admitting that it may not have legal grounds to impose a planned temporary ban on additional oil shipments to…

Wyoming Joins Iowa, Ohio In Anti-Pipeline Protest Legislation

Wyoming Joins Iowa, Ohio In Anti-Pipeline Protest Legislation

Feb 23, 2018 at 09:20 | Irina Slav

Wyoming has become the third state to introduce a bill targeting pipeline protests, envisaging penalties of up to 10 years in prison for “impeding critical infrastructure” and up to…

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