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China Buys Up Russian Oil

China Buys Up Russian Oil

China is on track to…

Self-Heating Concrete Paves the Way for Easier Winters

Self-Heating Concrete Paves the Way for Easier Winters

Drexel University researchers successfully tested…

News

Philippines Plans $2B LNG Import Hub To Replace Depleting Gas Field

Philippines Plans $2B LNG Import Hub To Replace Depleting Gas Field

Jun 08, 2017 at 11:02 | Tsvetana Paraskova

The Philippines is seeking to build an LNG import and distribution facility worth US$2 billion by 2020 as it tries to replace its aging Malampaya natural gas field before…

India’s Top Oil Refiner To Take 600,000 Bpd Capacity Offline For Maintenance

India’s Top Oil Refiner To Take 600,000 Bpd Capacity Offline For Maintenance

Jun 08, 2017 at 09:33 | Irina Slav

India Oil Corp., the country’s biggest oil refiner, is planning a major though temporary refining capacity reduction this year for maintenance, unnamed sources told Reuters. The reduction totals around 600,000…

Warnings Mount Against Rule-Bending For Aramco IPO In London

Warnings Mount Against Rule-Bending For Aramco IPO In London

Jun 08, 2017 at 09:16 | Irina Slav

Royal London, an asset manager, has warned against the London Stock Exchange changing initial public offering rules to better suit the tastes of Riyadh, which is preparing to take Aramco,…

U.S. Begins Importing Iraqi Oil After Saudis Cut Exports

U.S. Begins Importing Iraqi Oil After Saudis Cut Exports

Jun 07, 2017 at 15:43 | Zainab Calcuttawala

The United States has begun importing Iraqi oil at a rate of 1.1 million barrels per day to replace export cuts announced by Saudi Arabia late last month, new figures…

Former Military Officers Urge American Leadership In Global Green Movement

Former Military Officers Urge American Leadership In Global Green Movement

Jun 07, 2017 at 14:38 | Zainab Calcuttawala

Taking a step back from the global anti-climate change movement will allow our biggest rivals to fill the leadership vacuum, which is against American national security interests, according to a…

Russia Stalls On Pipeline Talks With China

Russia Stalls On Pipeline Talks With China

Jun 07, 2017 at 13:09 | Tsvetana Paraskova

Russian-Chinese talks over two new routes for Russian gas exports to China have stalled because China is reconsidering the power mix in its energy demand, including how much LNG it…

Norway Oil Worker Strike Threatens 326,000 BPD Of Production

Norway Oil Worker Strike Threatens 326,000 BPD Of Production

Jun 07, 2017 at 11:46 | Irina Slav

An oil workers’ union in Norway has threatened that some 150 of its members will go on strike if the union fails to reach an agreement on wages by Friday,…

Abu Dhabi Eases Restrictions On Qatar Imports, Exports

Abu Dhabi Eases Restrictions On Qatar Imports, Exports

Jun 07, 2017 at 10:34 | Tsvetana Paraskova

Port authorities in Abu Dhabi have eased some of the restrictions they had imposed on oil loading vessels voyaging to and from Qatar, removing the restrictions on non-Qatar operated, owned,…

Shell’s Forcados Oil Terminal Resumes Operations

Shell’s Forcados Oil Terminal Resumes Operations

Jun 07, 2017 at 08:31 | Irina Slav

Shell’s Forcados oil export terminal in Nigeria has begun operating after a prolonged force majeure of over a year following a string of militant attacks. According to Bloomberg data, the…

Russia Dismisses Reports It Could Buy Back Rosneft Stake From Qatar

Russia Dismisses Reports It Could Buy Back Rosneft Stake From Qatar

Jun 07, 2017 at 08:21 | Tsvetana Paraskova

The Kremlin dismissed on Wednesday speculation that Russia could buy back part of the 19.5-percent stake in its oil giant Rosneft that it had sold to Qatar Investment Authority…

Oil Prices Rise Following Another Big Inventory Draw

Oil Prices Rise Following Another Big Inventory Draw

Jun 06, 2017 at 15:57 | Julianne Geiger

The American Petroleum Institute (API) reported a draw of 4.62 million barrels in United States crude oil inventories, compared to analyst expectations that markets would see a draw of…

Texas Oil And Gas Companies Add 12,000 Job In Last 6 Months

Texas Oil And Gas Companies Add 12,000 Job In Last 6 Months

Jun 06, 2017 at 15:57 | Zainab Calcuttawala

The Texas oil and gas industry has added 12,000 new jobs in the past six months, according to a new report from the Texas Petro Index. The spike in job…

Qatar Spat Affects Crude Oil Loadings In The Middle East

Qatar Spat Affects Crude Oil Loadings In The Middle East

Jun 06, 2017 at 14:04 | Tsvetana Paraskova

After several Arab nations cut ties with Qatar, port authorities in Saudi Arabia, the UAE, and Bahrain have barred Qatar-flag or owned vessels from calling at their ports, thus making…

Venezuela Starves Domestic Oil Refineries To Supply Cuban Orders

Venezuela Starves Domestic Oil Refineries To Supply Cuban Orders

Jun 06, 2017 at 14:04 | Zainab Calcuttawala

Venezuela is starving its own refinery to send Mesa 30 crude to Cuba and Curacao, according to a new report by Reuters. The 187,000-barrel Puerto la Cruz facility in…

Indonesian Pertamina Defers Refinery Projects Over Funding

Indonesian Pertamina Defers Refinery Projects Over Funding

Jun 06, 2017 at 13:22 | Tsvetana Paraskova

Indonesia’s state energy firm Pertamina plans to postpone upgrades at some of its refineries, including a joint project with Saudi Aramco, over financing concerns, said Rachmad Hardadi, director of megaprojects…

EIA Lowers Brent Forecast For 2018

EIA Lowers Brent Forecast For 2018

Jun 06, 2017 at 13:22 | Zainab Calcuttawala

Brent and West Texas Intermediate crude traded up on Tuesday, despite a new report by the Energy Information Administration (EIA) that lowered its outlook on average barrel prices in…

Ukraine, Poland Plan Gas Hub To Cut Russian Dominance

Ukraine, Poland Plan Gas Hub To Cut Russian Dominance

Jun 06, 2017 at 10:53 | Tsvetana Paraskova

Poland and Ukraine plan to develop a regional gas hub on the Poland-Ukraine border that would supply the region with gas other than Russia’s, in a bid to end…

China’s Teapots Agree To Play Ball With State-Run Giants

China’s Teapots Agree To Play Ball With State-Run Giants

Jun 06, 2017 at 10:06 | Irina Slav

A group that represents most of the independent oil refiners in China has issued a statement pledging the members’ full compliance with government regulation governing how these independents operate, so…

Renewable Energy Adoption Lags Behind Climate Targets: IEA

Renewable Energy Adoption Lags Behind Climate Targets: IEA

Jun 06, 2017 at 09:43 | Irina Slav

World governments have failed to accelerate and scale up renewable energy adoption quickly enough to meet the climate action goals set out in the Paris Agreement, the International Energy Agency…

Major Colombian Oil Field Resumes Production

Major Colombian Oil Field Resumes Production

Jun 06, 2017 at 09:23 | Irina Slav

The La Cira Infantas oil field in Colombia has returned to production after protesters shut it off in May in response to legislative changes concerning the oil industry. The return…

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