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What to Expect From Xi Jinping's Upcoming Eurotrip

What to Expect From Xi Jinping's Upcoming Eurotrip

Chinese leader Xi Jinping's upcoming…

U.S. Drilling Activity Inches Up

U.S. Drilling Activity Inches Up

The total number of active…

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Despite Congress passing new sanctions…

News

Qatar Just Ran Out Of This Unlikely Natural Resource

Qatar Just Ran Out Of This Unlikely Natural Resource

Nov 29, 2017 at 17:49 | Zainab Calcuttawala

Qatar is running out of sand needed for the construction of facilities for the 2022 World Cup due to the months-long Gulf blockade against Doha, according to new reports emerging…

OPEC, NOPEC Ministers Recommend 9-Month Extension

OPEC, NOPEC Ministers Recommend 9-Month Extension

Nov 29, 2017 at 17:08 | Zainab Calcuttawala

The ministerial committee overseeing the implementation of the OPEC output reduction agreement recommended its extension on Wednesday, just one day before the bloc’s official summit in Vienna. The agreement…

Nigerian NNPC Seeks Up To $5B Cash-for-Oil Deals With Traders

Nigerian NNPC Seeks Up To $5B Cash-for-Oil Deals With Traders

Nov 29, 2017 at 17:01 | Tsvetana Paraskova

The Nigerian National Petroleum Corporation (NNPC) is aiming to strike up to US$5 billion worth of cash-for-crude prepayment deals with some of the biggest global oil traders, in a bid…

U.S. Makes It To China’s Top Ten Crude Oil Supplier List

U.S. Makes It To China’s Top Ten Crude Oil Supplier List

Nov 29, 2017 at 16:11 | Tsvetana Paraskova

Chinese crude oil purchases from the United States jumped by 77.3 percent from September to average 208,000 bpd in October, helping the U.S. to become China’s ninth largest crude…

Panel Rejects Washington Oil Terminal

Panel Rejects Washington Oil Terminal

Nov 29, 2017 at 12:35 | Irina Slav

A panel has rejected a project for the construction of an oil terminal at the port of Vancouver in the state of Washington on the grounds that the companies…

Alberta’s Economy Is Growing Faster Than Expected

Alberta’s Economy Is Growing Faster Than Expected

Nov 29, 2017 at 10:36 | Zainab Calcuttawala

Alberta’s economy is grower faster than projected due to strong growth in oil markets over the course of 2017, according to a new report by Bloomberg. The four-percent growth…

U.S. Shale Becomes More Flexible, Hedges 900,000 Barrels

U.S. Shale Becomes More Flexible, Hedges 900,000 Barrels

Nov 29, 2017 at 09:22 | Irina Slav

U.S. oil producers have hedged almost 900,000 barrels of future crude at prices of US$50-60 a barrel, which will likely allow them to continue growing production whatever OPEC decides to…

Oil Prices Slip After API Reports Small Build In Crude Inventories

Oil Prices Slip After API Reports Small Build In Crude Inventories

Nov 28, 2017 at 15:45 | Julianne Geiger

The American Petroleum Institute (API) reported a build of 1.821 million barrels of United States crude oil inventories for week ending November 24, against analyst forecasts for an inventory drawdown…

Exxon Inaugurates 150,000 BPD Offshore Field In Canada

Exxon Inaugurates 150,000 BPD Offshore Field In Canada

Nov 28, 2017 at 14:27 | Zainab Calcuttawala

Exxon Mobil inaugurated the Hebron field in Canada’s Newfoundland this week, just as OPEC gears up to announce extended cuts at its quarterly conference in Vienna at the end of…

Shell Could Be Investigated For Complicity In Human Rights Abuses

Shell Could Be Investigated For Complicity In Human Rights Abuses

Nov 28, 2017 at 13:13 | Tsvetana Paraskova

Royal Dutch Shell should be investigated for its alleged complicity in abuses of human rights in Nigeria’s military suppressing protests in the oil-rich Niger Delta in the 1990s, Amnesty International…

Enbridge, Michigan Reach Deal To Boost Pipeline Safety

Enbridge, Michigan Reach Deal To Boost Pipeline Safety

Nov 28, 2017 at 12:13 | MINING.com

Enbridge (TSX, NYSE:ENB), Canada’s largest pipeline company, has reached an agreement with the State of Michigan on its Line 5 pipelines, which run in a tunnel under the St. Clair River, between…

Norway’s $1 Trillion Wealth Fund: Oil Stocks Sale Will Take Years

Norway’s $1 Trillion Wealth Fund: Oil Stocks Sale Will Take Years

Nov 28, 2017 at 10:26 | Tsvetana Paraskova

The proposed sale of billions of dollars worth of oil and gas stocks held by Norway’s huge wealth fund will take years to be completed, if approved, chief executive…

Shell Signals End Of Austerity Returning To All-Cash Dividend

Shell Signals End Of Austerity Returning To All-Cash Dividend

Nov 28, 2017 at 09:46 | Tsvetana Paraskova

Royal Dutch Shell is canceling its scrip dividend program effective this quarter, in a sign that it has really left the worst consequences of the oil price crash behind…

Samsung’s Graphene-Based Battery Charges In 12 Minutes

Samsung’s Graphene-Based Battery Charges In 12 Minutes

Nov 27, 2017 at 18:04 | Zainab Calcuttawala

Samsung is adding graphene to its lithium batteries to make them last longer and charge faster, according to emerging reports. The Samsung Advanced Institute of Technology (SAIT) created “graphene…

Keystone Pipeline Leaks More Severe Than Anticipated

Keystone Pipeline Leaks More Severe Than Anticipated

Nov 27, 2017 at 17:57 | Zainab Calcuttawala

The existing Keystone pipeline leaks more often and more oil than TransCanada Corp predicted in communications to regulators and lawmakers during approval hearings, according to a report by Reuters.…

Saudi Aramco Plans More Petrochemical Ventures After $20B Deal

Saudi Aramco Plans More Petrochemical Ventures After $20B Deal

Nov 27, 2017 at 16:56 | Tsvetana Paraskova

Saudi Aramco will enter more petrochemical projects to boost its downstream business after it signed a preliminary $20-billion joint venture agreement for a crude oil-to-chemicals complex in Saudi Arabia, Aramco’s…

Iraq Offers Nine New Oil Blocks In Move To Boost Production

Iraq Offers Nine New Oil Blocks In Move To Boost Production

Nov 27, 2017 at 15:30 | Tsvetana Paraskova

Iraq invited on Monday foreign firms to bid to develop nine new oil and gas blocks in border regions and offshore as OPEC’s second-largest producer wants to increase its…

New UK Plant Aims To Turn Biomass Into ‘Coal’

New UK Plant Aims To Turn Biomass Into ‘Coal’

Nov 27, 2017 at 12:14 | MINING.com

Scientists and industry in the United Kingdom are joining forces to build a commercial scale facility capable of transforming biomass into next-generation solid fuels with coal-like properties. This would be…

CNPC Shows Interest In Iraq’s Majnoon Oil Field

CNPC Shows Interest In Iraq’s Majnoon Oil Field

Nov 27, 2017 at 10:03 | Tsvetana Paraskova

Chinese oil corporation CNPC has shown interest in developing the giant Majnoon oil field in Iraq, Reuters reported on Monday, citing two Iraqi oil officials, in what may become…

Giant Libra Oil Field Yields First Oil

Giant Libra Oil Field Yields First Oil

Nov 27, 2017 at 09:44 | Irina Slav

The giant Libra field in Brazil’s presalt zone has started producing oil, French Total said today, without providing details about the production rate at the field. The floating production,…

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