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News

Exxon’s Beaumont Refinery To Remain Partially Offline

Exxon’s Beaumont Refinery To Remain Partially Offline

Dec 04, 2017 at 17:42 | Zainab Calcuttawala

ExxonMobil’s Beaumont, Texas refinery could remain in partial shutdown until late January due to damage the facility sustained from a recent fire, according to a new report by Reuters. The…

Engie To Ditch Natural Gas By 2050

Engie To Ditch Natural Gas By 2050

Dec 04, 2017 at 17:37 | Zainab Calcuttawala

French utilities company Engie will ditch natural gas as a power source by 2050, opting instead for biogas, and renewable hydrogen to fulfill its green goals, according to a new…

Aberdeen University Launches World’s First Oil Decommissioning Simulator

Aberdeen University Launches World’s First Oil Decommissioning Simulator

Dec 04, 2017 at 16:41 | Tsvetana Paraskova

Aberdeen’s Robert Gordon University (RGU) launched on Monday a decommissioning simulator that it said is a world-first simulator to help well plugging and abandonment in the UK and worldwide,…

China Orders Regions To ‘Regulate’ Surging Natural Gas Prices

China Orders Regions To ‘Regulate’ Surging Natural Gas Prices

Dec 04, 2017 at 13:09 | Tsvetana Paraskova

China’s state planning commission has ordered eight Chinese regions to “regulate” surging gas prices amid winter heating demand and the switch to gas from coal, by meeting on Monday with…

Exxon Looks To Enter Egypt’s Upstream Oil And Gas

Exxon Looks To Enter Egypt’s Upstream Oil And Gas

Dec 04, 2017 at 10:45 | Tsvetana Paraskova

ExxonMobil is exploring opportunities to enter Egypt’s upstream oil and gas sector, after the 2015 discovery of a huge gas deposit in the Mediterranean offshore Egypt, industry sources and Egyptian…

Tax Bill Supports Oil And Gas Industry, API President Says

Tax Bill Supports Oil And Gas Industry, API President Says

Dec 04, 2017 at 09:29 | Tsvetana Paraskova

The U.S. Senate passing the tax reform bill is pro-growth legislation that would help the domestic oil and gas industry, Jack Gerard, President and CEO of the American Petroleum Institute…

Blackstone Teams Up With Brazilian Partner To Buy $6B Gas Pipeline

Blackstone Teams Up With Brazilian Partner To Buy $6B Gas Pipeline

Dec 01, 2017 at 16:49 | Zainab Calcuttawala

The Blackstone Group teamed up with a Brazilian partner to bid on a deal to operate a natural gas pipeline network in the South American country’s northeast, according to a…

Tesla Faces New Sales Challenges In Germany

Tesla Faces New Sales Challenges In Germany

Dec 01, 2017 at 16:45 | Tsvetana Paraskova

Germany has dropped Tesla Model S from its list of electric vehicles eligible to receive tax rebates as of November 30, in a move that is seen as stirring…

China Needs New LNG Import Terminals To Keep Up With Demand

China Needs New LNG Import Terminals To Keep Up With Demand

Dec 01, 2017 at 16:39 | Zainab Calcuttawala

China needs new LNG import terminals so that the import pace can keep up with rising demand, according to a new report by S&P Global Platts.    Capacity at…

Tesla Powers Up World’s Biggest Battery

Tesla Powers Up World’s Biggest Battery

Dec 01, 2017 at 15:32 | Tsvetana Paraskova

The world’s biggest lithium ion battery, built by Tesla, was switched on on Friday in South Australia, ahead of the State Government’s deadline of the beginning of the summer,…

Asian Refiners Look To Boost U.S. Oil Shipments

Asian Refiners Look To Boost U.S. Oil Shipments

Dec 01, 2017 at 10:34 | Irina Slav

Asian refiners are after U.S. crude oil, according to brokers that Reuters talked to, as WTI continues to trade at a comfortable discount to Brent. Enquiries into shipments of…

Russian Oil Minister: U.S. Shale Production Jump Was No Surprise

Russian Oil Minister: U.S. Shale Production Jump Was No Surprise

Dec 01, 2017 at 09:31 | Irina Slav

Russia’s Energy Minister Alexander Novak told CNBC the increase in U.S. shale oil production since the start of the OPEC/non-OPEC production cut was expected, adding that it would have…

Niger Delta Protestors Shut Down Two Oil Wells

Niger Delta Protestors Shut Down Two Oil Wells

Nov 30, 2017 at 18:13 | Zainab Calcuttawala

Residents of the Bayelsa region in Nigeria disrupted oil production at a field operated by Shell on Wednesday, shutting down two oil wells, a report by the Sahara Reporters…

Denmark’s New Law Could Block Nord Stream 2

Denmark’s New Law Could Block Nord Stream 2

Nov 30, 2017 at 14:26 | Zainab Calcuttawala

A new law passed by the Danish government could authorize regulators to block the passage of the Russian Nord Stream 2 gas pipeline on security or foreign policy grounds, according…

Total Completes $1.2B Upgrade At Its Biggest Refinery In Europe

Total Completes $1.2B Upgrade At Its Biggest Refinery In Europe

Nov 30, 2017 at 12:40 | Tsvetana Paraskova

France’s oil supermajor Total SA said on Thursday that it had completed the upgrade of its Antwerp refinery, its largest refining and petrochemicals platform in Europe, which took more…

Venezuela Arrests Ex Oil Ministers, PDVSA Bosses For Corruption

Venezuela Arrests Ex Oil Ministers, PDVSA Bosses For Corruption

Nov 30, 2017 at 11:09 | Tsvetana Paraskova

Just a few days have passed since Venezuela’s President Nicolas Maduro tightened his grip on the oil industry, naming a National Guard major general as the new head of…

Libya, Nigeria Agree To Cap At Less Than 2.8 Million Bpd Total

Libya, Nigeria Agree To Cap At Less Than 2.8 Million Bpd Total

Nov 30, 2017 at 11:06 | Tsvetana Paraskova

It looks like OPEC is bringing exempt members Libya and Nigeria into the fold with contributions to the efforts to erase the oversupply, and the two African producers have agreed…

Iran Sanctions Hurt U.S. Energy Companies, Says Zanganeh

Iran Sanctions Hurt U.S. Energy Companies, Says Zanganeh

Nov 30, 2017 at 11:04 | Irina Slav

U.S. energy companies are the ones suffering the most from the consequences of U.S. sanctions on Iran, the country’s Energy Minister Bijan Zanganeh said today in Vienna. "I don't…

New Consortium May Take Over Iraq’s Majnoon Oilfield: Minister

New Consortium May Take Over Iraq’s Majnoon Oilfield: Minister

Nov 30, 2017 at 10:09 | Irina Slav

A consortium of French Total, Petrochina, and Chevron could take over the operation of the Majnoon field from Shell, which earlier this year said it will be exiting the project.…

Airbus, Rolls Royce, And Siemens To Create Hybrid Airplane

Airbus, Rolls Royce, And Siemens To Create Hybrid Airplane

Nov 29, 2017 at 18:18 | Zainab Calcuttawala

Hybrid electric planes could be the next new thing in aviation. Airbus, Rolls Royce, and Siemens are working together to create technology for the flying vehicles, according to a new…

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