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Turkey Aims to Triple Middle Corridor Trade by 2030

Turkey Aims to Triple Middle Corridor Trade by 2030

Turkey is striving to solidify…

Iraq Hopes to Expand Economic Relationship With the U.S.

Iraq Hopes to Expand Economic Relationship With the U.S.

Sudani wants to strengthen Baghdad’s…

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U.S. Attracts Europe’s Beleaguered Solar Companies

The unfolding situation poses a…

News

Tesla To Install World’s Largest Lithium-Ion Battery Storage Project

Tesla To Install World’s Largest Lithium-Ion Battery Storage Project

Jul 07, 2017 at 10:29 | Irina Slav

Back in March, Elon Musk made a bet: he said that Tesla could install an energy storage system in Australia that would help prevent blackouts like the one that…

Start Of Oil Production At Libra Field Delayed

Start Of Oil Production At Libra Field Delayed

Jul 07, 2017 at 09:18 | Irina Slav

Crude oil production at the giant Libra field in the pre-salt layer of Brazil’s shelf will start later than initially planned due to problems with the installation of equipment, the…

Global Oil Supply Concerns Mount As Libya, Nigeria Gain Traction

Global Oil Supply Concerns Mount As Libya, Nigeria Gain Traction

Jul 06, 2017 at 17:44 | Zainab Calcuttawala

While the whole world talks about how the global supply glut needs to come down, oil production is actually expected to increase, and soon, says a new report from Platts.…

Eni Pumps First Oil From 45,000 Bpd Field Offshore Ghana

Eni Pumps First Oil From 45,000 Bpd Field Offshore Ghana

Jul 06, 2017 at 17:40 | Tsvetana Paraskova

Italian oil and gas major Eni SpA started pumping first oil from the 45,000-bpd Sankofa oil field on Thursday, Italy’s Embassy in Ghana said on Twitter. The first-oil…

U.S. Crude Oil Exports Up To 1.02 Million Bpd In May

U.S. Crude Oil Exports Up To 1.02 Million Bpd In May

Jul 06, 2017 at 17:35 | Tsvetana Paraskova

U.S. crude oil exports rose to 1.02 million bpd in May compared to 1.00 million bpd in April, according to foreign trade data from the U.S. Census Bureau out…

France Announces End Of Gasoline Cars By 2040

France Announces End Of Gasoline Cars By 2040

Jul 06, 2017 at 17:32 | Tsvetana Paraskova

France plans to stop the sale of gasoline- and diesel-fueled cars by 2040, its new Energy Minister Nicolas Hulot said on Thursday, just a couple of weeks after the energy…

Russia Offers Saudis A Part In Arctic LNG Project

Russia Offers Saudis A Part In Arctic LNG Project

Jul 06, 2017 at 14:02 | Tsvetana Paraskova

Russia has extended an invitation to Saudi Arabia’s oil giant Saudi Aramco to participate in the Arctic LNG-2 project, Russia’s Energy Minister Alexander Novak told Reuters in an interview on…

EPA Proposes Cut In Biofuel Requirements

EPA Proposes Cut In Biofuel Requirements

Jul 06, 2017 at 11:18 | Irina Slav

The Environmental Protection Agency has proposed a reduction in the amount of biofuels required to be added to gasoline, Reuters reports, in what could be a first step towards…

Norway’s Largest Wind Farm To Power Google Data Centers

Norway’s Largest Wind Farm To Power Google Data Centers

Jul 06, 2017 at 10:16 | Zainab Calcuttawala

A new wind farm in Norway will begin providing electricity to tech giant Google by early September, according to an announcement from holding company Alphabet on Wednesday. The 50-turbine Tellenes…

API Reports A Larger Than Expected Crude Draw

API Reports A Larger Than Expected Crude Draw

Jul 05, 2017 at 16:10 | Julianne Geiger

The American Petroleum Institute (API) handed oil markets a sliver of hope this afternoon by reporting a sizeable draw of 5.764 million barrels in United States crude oil inventories, compared…

Syrian Army Set To Recapture Oil Field Near Palmyra From ISIS

Syrian Army Set To Recapture Oil Field Near Palmyra From ISIS

Jul 05, 2017 at 15:44 | Tsvetana Paraskova

Syria’s army is advancing against ISIS militants in the central Homs province, and has encircled terrorists in the al-Hael oil field near the ancient city of Palmyra, Syrian state news…

Volvo To Pull Plug On Gas-Only Cars In 2019

Volvo To Pull Plug On Gas-Only Cars In 2019

Jul 05, 2017 at 14:00 | Zainab Calcuttawala

Swedish car manufacturer Volvo announced on Wednesday that its 2019 models would either be powered by fully electric or hybrid engines, steering the company to a total abandonment of the…

Kangaroos Befuddle Volvo’s Self-Driving Cars Down Under

Kangaroos Befuddle Volvo’s Self-Driving Cars Down Under

Jul 05, 2017 at 12:28 | Irina Slav

It looks like every carmaker is splashing heavily on self-driving cars, but there’s one challenge they may have not considered until now: kangaroos. The technical manager of Volvo Australia recently…

India’s Top Refiner Seeks To Buy U.S. Sour Crude For The First Time

India’s Top Refiner Seeks To Buy U.S. Sour Crude For The First Time

Jul 05, 2017 at 11:59 | Tsvetana Paraskova

In a bid to diversify supplies, India’s biggest oil refiner has issued its first tender to buy sour crude from the U.S. and Canada, Reuters reported on Tuesday, just a…

Russia To Supply Gas To China As Part Of $400B Energy Deal

Russia To Supply Gas To China As Part Of $400B Energy Deal

Jul 05, 2017 at 11:19 | RFE/RL staff

(Click to enlarge)Russia will start supplying natural gas to China through a new pipeline by the end of 2019 as part of the…

Vietnam Makes Bold Move For Oil In Disputed South China Sea

Vietnam Makes Bold Move For Oil In Disputed South China Sea

Jul 05, 2017 at 09:29 | Irina Slav

Vietnam has allowed a drillship in a contested part of the South China Sea, according to an industry consultant who spoke to the BBC. The drillship, Deepsea Metro I, on…

Pemex To Pick A Partner For Its $2B Coking Plant

Pemex To Pick A Partner For Its $2B Coking Plant

Jul 03, 2017 at 17:17 | Zainab Calcuttawala

Pemex will pick a partner to complete a $2 billion coking plant at the Tula refinery by the end of October, according to sources from the government-run company that spoke…

France’s Total Returns To Iran With First Major Western Gas Deal

France’s Total Returns To Iran With First Major Western Gas Deal

Jul 03, 2017 at 15:09 | Tsvetana Paraskova

France’s energy major Total SA said on Monday that it had signed a contract to develop phase 11 of the South Pars gas field in Iran—the world’s biggest gas field—marking…

Canadian Court Orders Seizure Of Kurdish Oil Tanker

Canadian Court Orders Seizure Of Kurdish Oil Tanker

Jul 03, 2017 at 11:47 | Tsvetana Paraskova

A Halifax court issued last week a warrant for the seizure of an oil tanker that holds crude oil from Kurdistan, which was last spotted off the Canadian coast, Kurdish…

Statoil Strikes Oil At New Barents Sea Field

Statoil Strikes Oil At New Barents Sea Field

Jul 03, 2017 at 09:38 | Irina Slav

Statoil has struck crude oil in the Kolje formation in the Barents Sea, near the Johan Castberg field, the company announced. Recoverable reserves at the location are estimated at…

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