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Oil Rallies Despite Bearish Demand Forecasts

Oil Rallies Despite Bearish Demand Forecasts

Oil prices rallied this week…

Investors Are Pulling The Plug On Argentina’s Prized Shale Play

Investors Are Pulling The Plug On Argentina’s Prized Shale Play

Argentina’s prized Vaca Muerta shale…

Africa Is The Undeniable Final Frontier For Oil

Africa Is The Undeniable Final Frontier For Oil

The pandemic has been devastating…

News

Vietnam Issues Decree Against Illegal Oil & Gas Drilling

Vietnam Issues Decree Against Illegal Oil & Gas Drilling

Sep 01, 2020 at 09:34 | Irina Slav

Vietnam’s government has issued a decree against illegal oil and gas exploration in its waters in the South China Sea, threatening fines and property seizures for violators, regardless of…

U.S. Seizes Websites Involved In Illegal Oil Trade

U.S. Seizes Websites Involved In Illegal Oil Trade

Aug 31, 2020 at 18:20 | Julianne Geiger

The United States announced today that it has seized three websites used by sanctions-violators to trade in crude oil, according to an official press release. The websites were, according…

Venezuela Moves From Oil To Gold

Venezuela Moves From Oil To Gold

Aug 31, 2020 at 15:49 | Julianne Geiger

As Venezuela’s near-nothing oil industry slinks further into nothingness, a new commodity is taking shape in the crisis-stricken Latin American country sitting atop the world’s largest oil reserves: gold. According…

Libya's Biggest Oilfield Halts All Work After Employee Tests Covid Positive

Libya's Biggest Oilfield Halts All Work After Employee Tests Covid Positive

Aug 31, 2020 at 14:57 | Charles Kennedy

Libya's largest oilfield, Sharara, is stopping all operations, and the operator is evacuating the workers as a foreign employee had tested positive for the coronavirus after coming into contact with…

Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions

Mexico’s Oil Major Pemex Ignores Investor Calls To Curb Emissions

Aug 31, 2020 at 13:30 | Tsvetana Paraskova

Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy, as Mexican President Andrés Manuel López Obrador continues to bet on oil exploration…

Least Populated U.S. States Consume More Gasoline, Jet Fuel Per Capita

Least Populated U.S. States Consume More Gasoline, Jet Fuel Per Capita

Aug 31, 2020 at 11:27 | Tsvetana Paraskova

The U.S. states with the lowest population density consume the most amount of energy per person for transportation, with Alaska – the least populated state – consuming the most energy…

Gazprom Sees Profits Slump In H1 2020

Gazprom Sees Profits Slump In H1 2020

Aug 31, 2020 at 10:24 | Charles Kennedy

Russia’s Gazprom reported an operating profit of $2.57 billion (189.99 billion rubles) for the first half of the year, down from $10.57 billion (780.88 billion rubles) a year earlier…

Libya Set To Export First Crude From Oil Ports Since January

Libya Set To Export First Crude From Oil Ports Since January

Aug 31, 2020 at 09:33 | Irina Slav

Two tankers will be the first since January this year to load oil for export at the Libyan port of Brega, Bloomberg reports, citing unidentified source in the know.…

Canadian Oil And Gas Spending Plummets 54%

Canadian Oil And Gas Spending Plummets 54%

Aug 28, 2020 at 15:58 | Julianne Geiger

Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas…

Tesla Thwarts Serious Cyberattack On Nevada Gigafactory

Tesla Thwarts Serious Cyberattack On Nevada Gigafactory

Aug 28, 2020 at 15:42 | Tsvetana Paraskova

Tesla’s Gigafactory in Nevada was a target of attempted and thwarted cyberattack, Elon Musk said, describing the attempt as “a serious attack.”

Saudi Troops Join U.S. Base In Oil-Rich Northern Syria

Saudi Troops Join U.S. Base In Oil-Rich Northern Syria

Aug 28, 2020 at 15:34 | Josh Owens

Twenty Saudi soldiers arrived this week at a U.S. military base close to an oilfield in northeastern Syria, according to Iranian media, which…

The Battery Breakthrough That Could Transform An Entire Industry

The Battery Breakthrough That Could Transform An Entire Industry

Aug 28, 2020 at 12:53 | Ag Metal Miner

A team of researchers in India has introduced an eco-friendly and energy-efficient battery that is being touted as “the future” of batteries — not only for the automobile…

Canada Set To Build $23 Million Rare Earth Plant

Canada Set To Build $23 Million Rare Earth Plant

Aug 28, 2020 at 12:25 | MINING.com

Canada will have rare earth processing plant in operation by the end of 2022…

North Sea Oil Faces A Drilling Rig Supply Crunch

North Sea Oil Faces A Drilling Rig Supply Crunch

Aug 28, 2020 at 09:48 | Tsvetana Paraskova

The oil price collapse and deferred drilling campaigns have shrunk the available supply of drilling rigs in the North Sea to the point where operators now face a supply crunch…

China Sees Record-Breaking Electricity Consumption In August

China Sees Record-Breaking Electricity Consumption In August

Aug 28, 2020 at 09:05 | Irina Slav

China’s electricity consumption hit a record this month after rising steadily since the start of summer, the People’s Daily reported, noting that the…

California To Add 38,000 Electric Vehicle Charging Stations

California To Add 38,000 Electric Vehicle Charging Stations

Aug 28, 2020 at 09:00 | Irina Slav

California will get 38,000 more electric vehicle charging stations after the Public Utilities Commission voted for Southern California Edison’s Charge Ready 2 program.…

Dakota Access Case Could Sour Future Pipeline Plans

Dakota Access Case Could Sour Future Pipeline Plans

Aug 27, 2020 at 15:34 | Charles Kennedy

The U.S. Army Corps of Engineers has asked an appeals court to reverse a lower court’s ruling vacating the permit of the Dakota Access oil pipeline to operate, arguing that…

Coal’s Share Of Global Energy Supply Has Increased Since 1973

Coal’s Share Of Global Energy Supply Has Increased Since 1973

Aug 27, 2020 at 14:29 | Tsvetana Paraskova

The share of coal of total energy supply increased between 1973 and 2018, while the share of oil shrunk by nearly 15 percentage points, as the share of energy supply…

Wind Power Giant Sees Profits Shrink As Competition Heats Up

Wind Power Giant Sees Profits Shrink As Competition Heats Up

Aug 27, 2020 at 11:36 | Tom Kool

German-Spanish wind turbine maker Siemens Gamesa is confident it will increase its profit margins in the mid to long term, but its short-term results disappointed the markets on…

Chinese Data Shows Beijing Continues Iranian Oil Imports

Chinese Data Shows Beijing Continues Iranian Oil Imports

Aug 27, 2020 at 11:20 | Tsvetana Paraskova

Official Chinese data showed this week that China imported 120,000 barrels per day (bpd) of oil from Iran in July as Beijing returns to reporting crude imports from the Islamic…

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