• 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
  • 4 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 3 hours How Far Have We Really Gotten With Alternative Energy
  • 4 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Bankruptcy in the Industry
  • 3 days The United States produced more crude oil than any nation, at any time.

News

Turkmenistan To Spend $93-Billion On Oil And Gas Sector

Turkmenistan To Spend $93-Billion On Oil And Gas Sector

Oct 10, 2017 at 16:05 | RFE/RL staff

Turkmen President Gurbanguly Berdymukhammedov has vowed to spend tens of billions of dollars to prop up the country’s oil-and-gas sector, which has been hurt by low global prices and falling…

Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years

Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years

Oct 10, 2017 at 15:06 | Zainab Calcuttawala

Hydrocarbon projects in India will get a US$300 billion boost over the next ten years as New Delhi prepares to grapple with growing energy demand in the subcontinent, Oil Minister…

Record U.S. Crude Exports Squeeze North Sea Oil

Record U.S. Crude Exports Squeeze North Sea Oil

Oct 10, 2017 at 14:29 | Tsvetana Paraskova

Record-high U.S. crude oil exports are putting pressure on North Sea oil as American oil is now flowing to Europe and to the prized Asian market, which has become…

Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan

Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan

Oct 10, 2017 at 13:59 | Tsvetana Paraskova

Iraq’s Oil Minister Jabbar Al-Luiebi has ordered state-held oil and pipeline companies to begin restoring oil flows from Kirkuk to Turkish port Ceyhan via a pipeline that bypasses Kurdistan, increasing…

Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says

Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says

Oct 10, 2017 at 12:49 | Tsvetana Paraskova

Several years of underinvestment in large oil projects could lead to oil price spikes of $80-$100 per barrel by the 2020s unless mega projects are sanctioned very soon, Jonathan Chanis,…

Saudi Arabia Ups November Oil Exports To 7-Million Bpd

Saudi Arabia Ups November Oil Exports To 7-Million Bpd

Oct 10, 2017 at 10:18 | Irina Slav

Saudi Arabia plans to export 7.1 million barrels of crude daily next month, substantially more than what it said it would ship abroad from August this year on, a…

Niger Delta State Looks To Break Free From Oil

Niger Delta State Looks To Break Free From Oil

Oct 10, 2017 at 09:53 | Irina Slav

Bayelsa, a state in the Niger Delta region of Nigeria, will search for non-oil natural resources to diversify away from its main commodity—oil. This is what the state’s new commissioner…

Brazilian Conglomerate To Expand Into Renewables

Brazilian Conglomerate To Expand Into Renewables

Oct 09, 2017 at 17:08 | Zainab Calcuttawala

Brazil is on its way to gain a new clean energy venture in Votorantim, a private company that plans to create a wind, solar and hydropower company, according to a…

Kurdish Independence Could Spark Civil War

Kurdish Independence Could Spark Civil War

Oct 09, 2017 at 17:04 | Zainab Calcuttawala

Iraqi Vice President Ayad Allawi fears a civil war within his country if issues regarding the Kurdish independence referendum remain unresolved, according to a new report from AP. Kurdish…

Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit

Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit

Oct 09, 2017 at 16:24 | Tsvetana Paraskova

Chevron and Total SA are interested in working at Iraq’s Majnoon oil field that Shell says it wants to exit, but no talks with the U.S. or French company have…

The Capital Of Coal Is Looking For Other Options

The Capital Of Coal Is Looking For Other Options

Oct 09, 2017 at 15:41 | MINING.com

SHANGHAI (Reuters) – Taiyuan, the capital of China’s northern province of Shanxi, which is known for its coal production, has banned the sale, transport and use of most coal as…

China’s Sinopec Puts $1B Argentina Oil Assets Up For Sale

China’s Sinopec Puts $1B Argentina Oil Assets Up For Sale

Oct 09, 2017 at 14:59 | Tsvetana Paraskova

Argentina’s losses on its oil and gas assets, as well as its labor disputes, have prompted China’s Sinopec to consider selling its operations in the country. Sinopec advisors have offered…

Statoil Discovers Up To 130 Million Barrels Of Oil In North Sea

Statoil Discovers Up To 130 Million Barrels Of Oil In North Sea

Oct 09, 2017 at 13:06 | Tsvetana Paraskova

Statoil has struck oil in the outer Moray Firth on the UK Continental Shelf in the North Sea, with preliminary results suggesting the discovery could range anywhere from 25 million…

Rosneft To Buy 30% Stake In Giant Zohr Gas Field

Rosneft To Buy 30% Stake In Giant Zohr Gas Field

Oct 09, 2017 at 10:39 | Tsvetana Paraskova

Russia’s oil giant Rosneft has closed the deal to buy from Italy’s Eni a 30-percent stake in the offshore concession in Egypt where the giant Zohr gas field is located,…

LNG Production Starts At Wheatstone

LNG Production Starts At Wheatstone

Oct 09, 2017 at 09:34 | Irina Slav

Chevron has announced the start of production at its Wheatstone LNG offshore project in Australia, with exports from the facility due to begin in several weeks. Initial plans had…

Saudis Aim To Reach Consensus On Output Deal Before Summit

Saudis Aim To Reach Consensus On Output Deal Before Summit

Oct 06, 2017 at 16:47 | Zainab Calcuttawala

De facto OPEC leader Saudi Arabia plans to reach a consensus on the future of the bloc’s production limits prior to the deal’s one-year anniversary in November, according to comments…

Rosneft Looks To Boost Crude Oil Exports To China

Rosneft Looks To Boost Crude Oil Exports To China

Oct 06, 2017 at 15:48 | Tsvetana Paraskova

Russia’s biggest oil producer, state-controlled Rosneft, is aiming to almost double its crude oil exports to China through Kazakhstan, Reuters reported on Friday, citing three industry sources, in what…

Barclays: Canada’s Oil, Gas Mid-Caps To Benefit From Slower Output Growth

Barclays: Canada’s Oil, Gas Mid-Caps To Benefit From Slower Output Growth

Oct 06, 2017 at 14:13 | Tsvetana Paraskova

Canadian mid-cap oil and gas drillers could actually benefit from the slower production growth because it would boost capital efficiency and lower risks, according to research by Barclays. Canada’s…

Musk Says Tesla Could Bring Puerto Rico’s Power Back Online

Musk Says Tesla Could Bring Puerto Rico’s Power Back Online

Oct 06, 2017 at 14:04 | Zainab Calcuttawala

Puerto Rico governor Ricardo Rossello will engage in a dialogue with Tesla visionary and CEO Elon Musk about the possibility of Tesla bringing Puerto Rico’s power grid back to functionality…

New Saudi Oil Prices Met With Mixed Reactions

New Saudi Oil Prices Met With Mixed Reactions

Oct 06, 2017 at 11:59 | Tsvetana Paraskova

The official selling prices (OSPs) that Saudi Arabia set for its Asia-bound crude oil for November were met with mixed reactions from traders who had expected lower price hikes…

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