• 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
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days They pay YOU to TAKE Natural Gas
  • 11 hours How Far Have We Really Gotten With Alternative Energy
  • 15 hours What fool thought this was a good idea...
  • 3 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 10 days The United States produced more crude oil than any nation, at any time.
The Panama Canal is Key to American LNG

The Panama Canal is Key to American LNG

The Panama Canal is currently…

News

Nigeria’s Oil, Condensate Output Up To 2.06 Million Bpd In July

Nigeria’s Oil, Condensate Output Up To 2.06 Million Bpd In July

Aug 07, 2017 at 16:31 | Tsvetana Paraskova

Nigeria’s average crude oil and condensates production inched up to 2.06 million bpd in July from 2.05 million bpd in June, but that output jumped from the 1.6 million bpd…

Taiwan’s Power Grid On Red Alert As Heatwave Drives Peak Demand

Taiwan’s Power Grid On Red Alert As Heatwave Drives Peak Demand

Aug 07, 2017 at 14:46 | Tsvetana Paraskova

Temperatures rose to a record-high for the year in Taiwan on Monday, driving electricity consumption to a peak and leaving the reserve capacity of Taiwan’s power grid to a level…

Statoil’s 2017 Barents Sea Exploration Proves Disappointing

Statoil’s 2017 Barents Sea Exploration Proves Disappointing

Aug 07, 2017 at 12:50 | Tsvetana Paraskova

Norway’s Statoil said on Monday that it had made a small non-commercial gas-only discovery in the third well in the Barents Sea it had drilled so far this year,…

Repsol, Statoil Pull Foreign Oil Workers From Venezuela

Repsol, Statoil Pull Foreign Oil Workers From Venezuela

Aug 07, 2017 at 12:42 | ZeroHedge

One day after Venezuela allegedly squashed a "military rebellion", in anticipation of further political and social turmoil in the socialist nation, energy giant Repsol SA pulled all foreign workers…

UAE’s Oil Firm ADNOC To Split Offshore Concession

UAE’s Oil Firm ADNOC To Split Offshore Concession

Aug 07, 2017 at 12:29 | Tsvetana Paraskova

The Abu Dhabi National Oil Company (ADNOC), the state-held oil company of the United Arab Emirates (UAE), said on Monday that it would split its existing offshore oil concession into…

Uganda Picks GE, Saipem To Build First Oil Refinery

Uganda Picks GE, Saipem To Build First Oil Refinery

Aug 07, 2017 at 10:28 | Irina Slav

Uganda has picked a consortium including GE and Italian Saipem to build and operate the African country’s first oil refinery. The 60,000-bpd facility will process crude from fields operated…

Libya’s Largest Oil Field Restarts After Armed Protesters Stormed Control Room

Libya’s Largest Oil Field Restarts After Armed Protesters Stormed Control Room

Aug 07, 2017 at 09:33 | Irina Slav

Libya’s largest oil field, Sharara, is resuming normal operations after a brief shutdown caused by a militant attack on the control room in the port city of Zawiya, where crude…

Russian Crimea Project Faces New EU Sanctions

Russian Crimea Project Faces New EU Sanctions

Aug 04, 2017 at 16:15 | Zainab Calcuttawala

Deputy Russian Energy Minister Andrew Cherezov and three new Russian companies now face new sanctions from the European Union due to their involvement in the delivery of gas turbines…

Nigerian Company Lines Up To Continue Refining Revitalization

Nigerian Company Lines Up To Continue Refining Revitalization

Aug 04, 2017 at 16:02 | Zainab Calcuttawala

Nigerian company Forte Oil announced on Friday that it was in talks with one of the country’s major refineries to enhance the African nation’s low post-production processing capabilities, according…

Another Big Indian Refiner Keen To Buy U.S. Crude

Another Big Indian Refiner Keen To Buy U.S. Crude

Aug 04, 2017 at 15:48 | Tsvetana Paraskova

India’s Hindustan Petroleum Corporation Limited (HPCL), plans to buy U.S. crude oil in coming months for its 166,000-bpd refinery in southern India, according to company executives, which would add yet…

Rising U.S. Shale Prompts Banks To Cut Oil Price Forecasts, Again

Rising U.S. Shale Prompts Banks To Cut Oil Price Forecasts, Again

Aug 04, 2017 at 15:25 | Tsvetana Paraskova

Some investment banks doubt that the recent stockpile drops will continue after the summer season ends, as growing U.S. output could reverse the inventory trend later this year, according to…

Saudi Aramco In Talks To Buy $2B Stake In PetroChina Refinery

Saudi Aramco In Talks To Buy $2B Stake In PetroChina Refinery

Aug 04, 2017 at 11:52 | Tsvetana Paraskova

Saudi Aramco is negotiating a deal to buy a stake of more than 30 percent in a 260,000-bpd refinery in China owned by state firm PetroChina, in a transaction valued…

Rosneft’s H1 Profit Falls 12.5%

Rosneft’s H1 Profit Falls 12.5%

Aug 04, 2017 at 11:38 | Irina Slav

Rosneft reported a net profit attributable to shareholders of US$1.4 billion for the first half of 2017, down by 12.5 percent from the result for January-June 2016 because of…

China-Myanmar Warming Continues With Energy Export Talks

China-Myanmar Warming Continues With Energy Export Talks

Aug 04, 2017 at 09:18 | Irina Slav

China may soon start selling electricity to neighbor Myanmar in the latest sign that bilateral relations are thawing. China/Myanmar relations have been tense since 2011, when the Myanmar government…

Hyperloop Travel Reaches Milestone In Nevada Desert Trial Test

Hyperloop Travel Reaches Milestone In Nevada Desert Trial Test

Aug 03, 2017 at 17:40 | Zainab Calcuttawala

Pod-based hyper-speed travel reached a new milestone this week after the completion of the first full-scale test of Elon Musk’s envisioned Hyperloop in the desert of Nevada. The 500-meter…

KRG Refuses Plan To Ship Kirkuk Oil To Iran

KRG Refuses Plan To Ship Kirkuk Oil To Iran

Aug 03, 2017 at 15:36 | Zainab Calcuttawala

The Kurdistan Regional Government (KRG) is refusing to ship oil to Iran because Baghdad refused to consult the semiautonomous regime regarding the export program, according to a new report by…

Europe’s Big Oil To Tackle Huge Debt Problem

Europe’s Big Oil To Tackle Huge Debt Problem

Aug 03, 2017 at 13:39 | Tsvetana Paraskova

Europe’s three biggest integrated oil and gas companies—Shell, Total, and BP—have recently reported second-quarter and first-half figures that suggest they had passed the bottom of the cycle in terms of…

NNPC Announces New Deals With Four Oil Majors

NNPC Announces New Deals With Four Oil Majors

Aug 03, 2017 at 13:29 | Irina Slav

The Nigerian National Petroleum Corporation has inked new investment deals with four oil companies including Chevron, Shell, Total, and Eni for the development of untapped fields both onshore and…

U.S. Set To Deliver Coal To Ukraine For The First Time

U.S. Set To Deliver Coal To Ukraine For The First Time

Aug 03, 2017 at 11:19 | RFE/RL staff

The United States is set to begin delivering coal to Ukraine for the first time in a deal Washington framed as a move toward reducing Kyiv's reliance on Russian energy.…

Rio Tinto’s First-Half Profit Soars 93%, Investors Getting $3B Back

Rio Tinto’s First-Half Profit Soars 93%, Investors Getting $3B Back

Aug 03, 2017 at 11:10 | MINING.com

Rio Tinto, the world’s second largest miner, gave its shareholders an early Christmas present Wednesday as it declared its biggest interim dividend in the company’s 144-year history, thanks to climbing commodity…

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