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Body Heat: A New Source of Energy for Buildings?

Body Heat: A New Source of Energy for Buildings?

Governments and businesses are exploring…

News

Ukraine Billed For Gas To Pro-Russian Separatists

Ukraine Billed For Gas To Pro-Russian Separatists

Aug 17, 2017 at 09:20 | Irina Slav

Gazprom has been supplying natural gas to pro-Russian separatist territories in eastern Ukraine and charging Kyiv’s state-owned company Naftogaz for it, Ukrainian UAWire reported, citing figures from the Russian…

China Won’t Reach Peak Energy Demand Till 2040

China Won’t Reach Peak Energy Demand Till 2040

Aug 16, 2017 at 16:23 | Zainab Calcuttawala

China will not reach peak energy demand until the year 2040, according to a new report from the China National Petroleum Corp (CNPC) on Wednesday. Previous estimates said the…

Manufacturers Say Trump Nat Gas Export Push Betrays ‘America First’

Manufacturers Say Trump Nat Gas Export Push Betrays ‘America First’

Aug 16, 2017 at 16:19 | Zainab Calcuttawala

An industrial trade group is arguing that the White House’s push to increase American natural gas exports works against the “America First” agenda President Donald Trump promised the electorate in…

Nigeria Announces $41 Billion Rail Upgrade

Nigeria Announces $41 Billion Rail Upgrade

Aug 16, 2017 at 16:15 | Zainab Calcuttawala

The Nigerian railroads are getting a facelift as part of the national plan to diversify away from an economy in which the oil industry dominates, according to the African country’s…

Transocean Seals Biggest Offshore Oil Deal Since Crash

Transocean Seals Biggest Offshore Oil Deal Since Crash

Aug 16, 2017 at 16:06 | Irina Slav

In what’s the biggest M&A deal in oil since the 2014 price crash, Transocean has agreed to buy Norwegian sector player Songa Offshore for U$1.1 billion, to be paid…

New Iraq JV With Arab States Eyes Global Oil Trade

New Iraq JV With Arab States Eyes Global Oil Trade

Aug 16, 2017 at 13:44 | Zainab Calcuttawala

A new joint venture between Iraq and its Arab partners will allow coordinated transport, storage and trade of crude oil and refined products around the world, according to a new…

Trump Speeds Up Oil, Gas Pipeline Approval Process

Trump Speeds Up Oil, Gas Pipeline Approval Process

Aug 16, 2017 at 11:37 | Irina Slav

With an executive order signed yesterday, President Donald Trump has set out to speed up the approval process for major infrastructure projects, including oil and gas pipelines. The central…

Accounting Firm To Pay $6.2M In SEC Oil Audit Charges

Accounting Firm To Pay $6.2M In SEC Oil Audit Charges

Aug 16, 2017 at 11:21 | Tsvetana Paraskova

Accounting firm KPMG has agreed to pay more than US$6.2 million to settle SEC charges that it had overlooked grossly overstated values of the assets of an oil and gas…

Wonder Woman Gets Power Boost From Oil Group

Wonder Woman Gets Power Boost From Oil Group

Aug 16, 2017 at 09:16 | Tsvetana Paraskova

One usually doesn’t associate the right-wing platform-backing Koch brothers with liberal Hollywood, but they liked the idea of Wonder Woman enough to back the blockbuster film—and the return on investment…

Oil Prices Rise As API Reports Huge Crude Inventory Draw

Oil Prices Rise As API Reports Huge Crude Inventory Draw

Aug 15, 2017 at 15:53 | Julianne Geiger

The American Petroleum Institute (API) reported a major draw of 9.2 million barrels in United States crude oil inventories—the biggest draw since September 2016. The draw compares to analyst expectations…

Iraqi Oil Governor Defects To Iran Amid Corruption Probe

Iraqi Oil Governor Defects To Iran Amid Corruption Probe

Aug 15, 2017 at 14:26 | Zainab Calcuttawala

Iraq’s anti-corruption push has led the governor of oil-rich Basra to quit his job and defect to Iran, according to sources close to the matter who spoke to Reuters.…

Second Oil Spill Reported in Kuwait’s Ras Al-Zour Waters

Second Oil Spill Reported in Kuwait’s Ras Al-Zour Waters

Aug 15, 2017 at 14:12 | Zainab Calcuttawala

A new oil slick off of Kuwait’s southern shores is spreading in the Persian Gulf and will add on the impact of a recent 35,000-barrel spill in the same water…

Libyan Oil Liberator Aims To Boost Russian Ties

Libyan Oil Liberator Aims To Boost Russian Ties

Aug 15, 2017 at 13:19 | Tsvetana Paraskova

In a sign that Libya’s powerful military is moving closer to Russia, Libyan National Army (LNA) commander Khalifa Haftar—the man responsible for recapturing the country’s oil ports and essentially restarting…

Australia Takes On Qatar For Top LNG Producer Status

Australia Takes On Qatar For Top LNG Producer Status

Aug 15, 2017 at 10:35 | Irina Slav

Australia this week moved a step closer to becoming a real problem for Qatar on the LNG market, after the second floating production, storage, and offloading vessel for the Ichthys…

Iran Boosts S. Korea Oil Market Share While Saudis Cut

Iran Boosts S. Korea Oil Market Share While Saudis Cut

Aug 15, 2017 at 09:32 | Tsvetana Paraskova

Iran continues to raise market share in Asia, with crude sales to South Korea increasing by 26.5 percent on the year in July, while Saudi Arabia’s oil sales to Seoul…

EIA Predicts US Shale Output Up By 117,000 BPD In September

EIA Predicts US Shale Output Up By 117,000 BPD In September

Aug 14, 2017 at 16:56 | Zainab Calcuttawala

New Energy Information Administration (EIA) data puts U.S. shale output up 117,000 barrels per day in September compared to August. Production in the Permian Basin is expected to see…

Sierra Club Sues DOE For Sources Used In Electric Grid Study

Sierra Club Sues DOE For Sources Used In Electric Grid Study

Aug 14, 2017 at 16:03 | Zainab Calcuttawala

The U.S. Energy Department’s newly commissioned study on the national electric grid hit a new legal road block this week when a green group filed a lawsuit against the agency…

Hedge Funds Bullish On Crude For The 3rd Time This Year

Hedge Funds Bullish On Crude For The 3rd Time This Year

Aug 14, 2017 at 14:29 | Zainab Calcuttawala

For the third time this year, hedge fund managers have become bullish on crude oil prices, raising their long position by 705 million barrels in the week ending on August…

China’s Refinery Run Rates At 10-Month Low

China’s Refinery Run Rates At 10-Month Low

Aug 14, 2017 at 13:33 | Tsvetana Paraskova

At 10.71 million bpd, China’s crude refineries saw in July their lowest daily throughput rate since September last year as state firms and independent refineries, both swimming in inventory, continue…

Aramco IPO Value May Be Much Lower Than Expected

Aramco IPO Value May Be Much Lower Than Expected

Aug 14, 2017 at 12:58 | Tsvetana Paraskova

While most international analysts have already said that the value of Saudi Aramco in next year’s IPO would not be close to the Saudi target and claim of US$2 trillion,…

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