• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

News

OPEC, Russia Said To Announce Oil Pact Extension On Nov 30

OPEC, Russia Said To Announce Oil Pact Extension On Nov 30

Nov 24, 2017 at 12:54 | Tsvetana Paraskova

Saudi Arabia and Russia have agreed that OPEC and non-OPEC allies should announce an extension of the cuts at the highly-anticipated meeting in Vienna on November 30, Bloomberg reported…

Wintershall And LetterOne In Talks For $12B Oil, Gas Merger

Wintershall And LetterOne In Talks For $12B Oil, Gas Merger

Nov 24, 2017 at 12:47 | Tsvetana Paraskova

Germany’s chemicals company BASF said on Friday that it was in talks to potentially merge its oil and gas business, Wintershall Group, with the oil and gas operations of…

India Exempts State Oil Firms Mergers From Competition Approval

India Exempts State Oil Firms Mergers From Competition Approval

Nov 24, 2017 at 12:41 | Tsvetana Paraskova

Clearing the way for its plans for mega-mergers among state-held oil and gas companies, India is now exempting such mergers and acquisitions deals from seeking mandatory approvals from the…

Turkey Targets $5B Investment In Wind Energy By End-2017

Turkey Targets $5B Investment In Wind Energy By End-2017

Nov 24, 2017 at 12:37 | Tsvetana Paraskova

Turkey aims to have $5 billion in wind energy investments by the end of this year, with the awarding of additional wind capacity tenders, the president of the Turkish Wind…

Weatherford Looks To Sell Assets To Ease Some Of $8B Debt

Weatherford Looks To Sell Assets To Ease Some Of $8B Debt

Nov 24, 2017 at 12:35 | Tsvetana Paraskova

U.S. oilfield services group Weatherford International has hired advisors, including Morgan Stanley, to help it sell some of its units beginning early next year, in an effort to offload some…

OPEC Set To Move Fast On Cut Extension Decision

OPEC Set To Move Fast On Cut Extension Decision

Nov 24, 2017 at 11:49 | Irina Slav

A draft agenda for next week’s meeting of OPEC’s energy ministers suggests the decision to extend the oil production cuts until the end of 2018 is all but made,…

Nigeria Makes First Step Away From Oil

Nigeria Makes First Step Away From Oil

Nov 24, 2017 at 09:49 | Irina Slav

Nigeria’s state oil company is venturing into renewable fuels with a contract that will see a bioethanol plant built in the state of Kebbi, in northeastern Nigeria. The plant…

Russia Approves Profit-Based Oil Tax For 2019

Russia Approves Profit-Based Oil Tax For 2019

Nov 23, 2017 at 14:32 | Tsvetana Paraskova

Russia’s government approved on Thursday a plan to introduce a profit-based tax on the oil industry, expected to come into force on January 1, 2019, later than previously thought.…

French Strike Disrupts Exxon And Total’s Oil Product Shipments

French Strike Disrupts Exxon And Total’s Oil Product Shipments

Nov 23, 2017 at 11:36 | Tsvetana Paraskova

Oil product shipments at some refineries in France owned by ExxonMobil and Total SA were disrupted on Thursday as French labor union CGT is staging a 24-hour strike in the…

Kurdistan’s Oil Exports Still Below Pre-Conflict Levels

Kurdistan’s Oil Exports Still Below Pre-Conflict Levels

Nov 23, 2017 at 11:26 | Tsvetana Paraskova

Kurdistan’s crude oil exports increased in the past couple of days, but oil flows are still well below the levels seen before the independence referendum in the semi-autonomous region that…

Oil Production Cuts Taking A Toll On Russia’s Economy

Oil Production Cuts Taking A Toll On Russia’s Economy

Nov 23, 2017 at 11:24 | Tsvetana Paraskova

The OPEC/non-OPEC production cuts hurt Russia’s economic growth in October, Economy Minister Maxim Oreshkin said on Thursday in the first negative comment about the pact from a high-ranking Russian…

Aramco In Talks With Chinese Petrochemical Producers

Aramco In Talks With Chinese Petrochemical Producers

Nov 23, 2017 at 11:22 | Irina Slav

Aramco is in talks with Chinese petrochemical producers that are building new plants to supply them with crude, a company vice-president told Bloomberg. The talks are part of Saudi…

Federal Judge Grants Go-Ahead On Keystone XL Lawsuit

Federal Judge Grants Go-Ahead On Keystone XL Lawsuit

Nov 23, 2017 at 10:32 | Irina Slav

A group of environmental organizations have claimed an important victory in their battle against the Keystone XL oil pipeline project. A federal judge has granted approval for their lawsuit against…

Maduro Names Chavez’ Cousin As Citgo Boss

Maduro Names Chavez’ Cousin As Citgo Boss

Nov 23, 2017 at 09:28 | Irina Slav

Venezuela’s President Nicolas Maduro appointed the cousin of late Hugo Chavez, Asdrubal Chavez, as the new head of PDVSA’s U.S. refining and marketing business, Citgo. The announcement comes in…

Bidding Action Heats Up In UK’s Continental Shelf

Bidding Action Heats Up In UK’s Continental Shelf

Nov 22, 2017 at 17:16 | Zainab Calcuttawala

This week, the British Oil & Gas Authority (OGA) reported that 68 companies had applied to operate one or more of 239 different blocks located off the United…

Keystone Pipeline Restart Still Unknown

Keystone Pipeline Restart Still Unknown

Nov 22, 2017 at 17:01 | Zainab Calcuttawala

The duration of the clean-up effort from the Keystone oil spill may span weeks, according to a report by Reuters, and South Dakota’s environmental regulator is unsure of how…

UK Offers North Sea Oil Producers Tax Relief To Boost Investment

UK Offers North Sea Oil Producers Tax Relief To Boost Investment

Nov 22, 2017 at 16:30 | Tsvetana Paraskova

The UK government will introduce tax changes from November 2018 to encourage new entrants and fresh investments into the mature fields of the UK Continental Shelf in the North Sea,…

Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell

Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell

Nov 22, 2017 at 13:28 | Tsvetana Paraskova

In a bid to reduce gas flaring and pay off outstanding reparations for the 1990 invasion of Kuwait, Iraq has hired Japanese firm Toyo Engineering to help it build a…

Trader Trafigura Raises Share Of Oil Purchases From State Firms

Trader Trafigura Raises Share Of Oil Purchases From State Firms

Nov 22, 2017 at 13:26 | Tsvetana Paraskova

Commodity trader Trafigura raised the share of direct oil purchases from national oil companies in its total trade, while the value of its direct deals with state firms rose by…

German Energy Group Uniper Rejects $9B Finnish Takeover Bid

German Energy Group Uniper Rejects $9B Finnish Takeover Bid

Nov 22, 2017 at 12:08 | Tsvetana Paraskova

Germany’s energy group Uniper has rejected a $9-billion takeover offer from Finnish energy firm Fortum because the offer price doesn’t reflect the German company’s true value and is not…

Oilprice - The No. 1 Source for Oil & Energy News