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Could the Conflict Between Iran and Israel Turn Nuclear?

Could the Conflict Between Iran and Israel Turn Nuclear?

Iran's potential retaliatory measures following…

Global Climate Goals Still Unreachable Despite Record Renewable Growth

Global Climate Goals Still Unreachable Despite Record Renewable Growth

Renewable energy installations reached record…

News

Tesla Begins Mass Production Of Solar Shingles

Tesla Begins Mass Production Of Solar Shingles

Jan 09, 2018 at 14:48 | Zainab Calcuttawala

Tesla began manufacturing its solar powered shingles for mass market release, according to CEO Elon Musk’s Tuesday email reported by Bloomberg. Musk introduced the concept to industry leaders and…

EIA Boosts World Oil Demand Forecast For 2018 By 100,000 Bpd

EIA Boosts World Oil Demand Forecast For 2018 By 100,000 Bpd

Jan 09, 2018 at 14:46 | Zainab Calcuttawala

World oil demand in 2018 is set to grow by an additional 100,000 barrels per day, according to the latest revision to the figure by the U.S. Energy…

Businessman Seeks Sale Of $5.2B Stake In Kazakhstan Oil Field

Businessman Seeks Sale Of $5.2B Stake In Kazakhstan Oil Field

Jan 09, 2018 at 13:02 | Tsvetana Paraskova

Moldovan businessman Anatolie Stati will ask courts to sell US$5.2 billion worth of a stake in Kazakhstan’s biggest oil field, Kashagan, held by a Kazakh sovereign wealth fund if Kazakhstan…

Exxon Accuses California Of Climate Change Hypocrisy

Exxon Accuses California Of Climate Change Hypocrisy

Jan 09, 2018 at 12:35 | Irina Slav

Exxon has called out a deliberate discrepancy between statements made by several California municipalities and cities in lawsuits against it and more than a dozen other energy companies, and information…

Norway’s Recovering Oil Industry Resumes Hiring

Norway’s Recovering Oil Industry Resumes Hiring

Jan 09, 2018 at 12:30 | Tsvetana Paraskova

Oil companies in Norway, as well as their suppliers, will hire more employees in the coming years as the country’s oil and gas sector recovers from the downturn in the…

$2.3 Million Seized Following Singapore Oil Heist

$2.3 Million Seized Following Singapore Oil Heist

Jan 09, 2018 at 12:06 | Irina Slav

The Singapore police have arrested seventeen people and have seized millions of dollars in cash after a raid prompted by a complaint about a theft from Shell’s biggest refinery in…

China Nears 2016 Carbon Emissions Target

China Nears 2016 Carbon Emissions Target

Jan 09, 2018 at 09:30 | Irina Slav

China’s climate change watchdog said 27 of the country’s 31 regions have met the carbon emission reduction targets Beijing set in 2016. The targets include an 18-percent reduction in…

Oil Companies Respond Slow To New U.S. Lease Plan

Oil Companies Respond Slow To New U.S. Lease Plan

Jan 08, 2018 at 16:52 | Zainab Calcuttawala

Analysts are saying that the oil and gas industry’s response to the Trump administration’s announcement last week—that almost all of the U.S. continental shelf may soon be open for drilling…

Maduro To Issue First 100 Million Petros Despite Skeptics

Maduro To Issue First 100 Million Petros Despite Skeptics

Jan 08, 2018 at 16:41 | Zainab Calcuttawala

Venezuelan President Nicolas Maduro said that he ordered the first 100 million units of its new oil-backed Petro—Venezuela’s cryptocurrency creation. Each Petro unit will be backed by one barrel…

Iraq Bans Kurdish Firm From Operating Kirkuk Oil Fields

Iraq Bans Kurdish Firm From Operating Kirkuk Oil Fields

Jan 08, 2018 at 15:06 | Tsvetana Paraskova

After Iraq’s federal forces recaptured the oil fields in Kirkuk in October, the Iraqi Parliament voted on Monday to ban Kurdish engineering company Kar Group from operating Kirkuk’s oil…

Goldman Sachs And Citi To Lead Saudi Aramco IPO

Goldman Sachs And Citi To Lead Saudi Aramco IPO

Jan 08, 2018 at 12:12 | City A.M

U.S. investment banking giants Goldman Sachs and Citi are lined up to lead the initial public offering (IPO) of part of Saudi Aramco, according to reports.   The Saudi state-owned oil…

Iraq To Begin Oil Deliveries To Iran

Iraq To Begin Oil Deliveries To Iran

Jan 08, 2018 at 12:02 | RFE/RL staff

Iraq's oil minister says the country will start exporting oil to Iran from its northern Kirkuk oil fields by the end of January. Oil Minister Jabar al-Luaibi said on January…

Kuwait Energy In Talks To Merge With London-Listed Firm

Kuwait Energy In Talks To Merge With London-Listed Firm

Jan 08, 2018 at 11:07 | Tsvetana Paraskova

After failing to complete an initial public offering in London last year, independent oil and gas company Kuwait Energy may find a way to get access to the London…

Vietnam Oil Executives Could Face Death Penalty In Corruption Case

Vietnam Oil Executives Could Face Death Penalty In Corruption Case

Jan 08, 2018 at 10:53 | Irina Slav

Vietnam’s government has put on trial 22 executives from state-owned energy company PetroVietnam for losses incurred by the company. Some of the offenses the executives are charged with are punishable…

Libyan Oil Company Calls For Reopening Of Ras Lanuf Refinery

Libyan Oil Company Calls For Reopening Of Ras Lanuf Refinery

Jan 08, 2018 at 09:49 | Irina Slav

Libya’s National Oil Corporation has called for the reopening of the Ras Lanuf crude oil refinery after it won two arbitration cases against the owner and operator of the…

Libya Triples Oil Revenues In 2017 As Production Recovers

Libya Triples Oil Revenues In 2017 As Production Recovers

Jan 05, 2018 at 15:05 | Tsvetana Paraskova

Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1 million bpd for the first…

Exxon Treats Guyana To 6th Offshore Discovery Since 2015

Exxon Treats Guyana To 6th Offshore Discovery Since 2015

Jan 05, 2018 at 15:03 | Zainab Calcuttawala

Guyana’s nascent oil and gas industry just gained a new discovery: ExxonMobil’s drilling team found 230 feet of high-quality, oil-bearing reservoir just outside the Liza phase one project, according to…

Canadian Crude Oil Exports Decline On Keystone Pipeline Leaks

Canadian Crude Oil Exports Decline On Keystone Pipeline Leaks

Jan 05, 2018 at 15:02 | Zainab Calcuttawala

Canadian crude oil exports fell 2.4 percent in November as the United States dropped imports from its northern neighbor to 3.26 million barrels per day, according to a new

Pacific Coast, Florida Oppose Offshore Oil Drilling Plan

Pacific Coast, Florida Oppose Offshore Oil Drilling Plan

Jan 05, 2018 at 12:35 | Tsvetana Paraskova

The governors of California, Oregon, and Washington, as well as Florida’s Republican governor, are opposing the U.S. Department of the Interior’s plan to open more than 90 percent of…

Oil Price Rise Not Enough: Angola Ditches U.S. Dollar Peg

Oil Price Rise Not Enough: Angola Ditches U.S. Dollar Peg

Jan 05, 2018 at 12:10 | Tsvetana Paraskova

To offset the decline in its foreign currency reserves, OPEC member Angola—which relies on oil for 90 percent of government revenues—is ditching its currency peg to the U.S. dollar and…

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