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Gold Recycling Goes Green with Biodiesel Innovation

Gold Recycling Goes Green with Biodiesel Innovation

Chalmers University researchers introduce an…

Self-Heating Concrete Paves the Way for Easier Winters

Self-Heating Concrete Paves the Way for Easier Winters

Drexel University researchers successfully tested…

News

Kurdish Group Agrees To Keep Kirkuk Oil Exports To Turkey

Kurdish Group Agrees To Keep Kirkuk Oil Exports To Turkey

Mar 08, 2017 at 12:50 | Tsvetana Paraskova

Kurdish group, Patriotic Union of Kurdistan (PUK)—a rival of the ruling Kurdistan Democratic Party—has agreed with Iraq’s central government to keep oil from the Kirkuk oilfields flowing via a pipeline…

Iraq Oil Minister Says Compliance Is 85%

Iraq Oil Minister Says Compliance Is 85%

Mar 08, 2017 at 11:45 | Irina Slav

Iraq’s Oil Minister Jabar al-Luaibi said the country’s compliance rate with the OPEC crude oil production cut agreement has reached 85 percent. Al-Luaibi was speaking at the sidelines of…

Gazprom To Seek First Eurobond Issue Since Sanctions

Gazprom To Seek First Eurobond Issue Since Sanctions

Mar 08, 2017 at 11:12 | Tsvetana Paraskova

Russia’s gas giant Gazprom has hired banks to set up investor meetings in the U.S. to test the market for a possible U.S.-dollar denominated Eurobond issue, which would be the…

Court Denies Latest Motion Against Dakota Access

Court Denies Latest Motion Against Dakota Access

Mar 08, 2017 at 09:16 | Irina Slav

A federal judge for the District of Columbia has denied a motion against the Dakota Access pipeline project brought in by the Standing Rock Sioux tribe and the Cheyenne River…

Oil Prices Slide After API Reports Large Crude Build

Oil Prices Slide After API Reports Large Crude Build

Mar 07, 2017 at 16:06 | Julianne Geiger

The American Petroleum Institute (API) reported a build of 11.6 million barrels in United States crude inventories against expert predictions that domestic supplies would see a much kinder 1.4-million-to…

Latest Libyan Faction Fighting Drags Oil Output Down

Latest Libyan Faction Fighting Drags Oil Output Down

Mar 07, 2017 at 14:12 | Tsvetana Paraskova

The Libyan National Army (LNA), led by General Khalifa Haftar, has bombed the Benghazi Defense Brigades (BDB) faction for a fifth day in the country’s Oil Crescent, and the latest…

Shell Gives Up Largest US Refinery To Saudi Aramco

Shell Gives Up Largest US Refinery To Saudi Aramco

Mar 07, 2017 at 11:36 | Tsvetana Paraskova

Royal Dutch Shell and Saudi Aramco have finalized the agreement to split the assets, liabilities and businesses of their 50/50 refining and marketing joint venture in the U.S., Motiva Enterprises,…

Novak Says Russia’s Energy Industry Has Overcome U.S. Sanctions

Novak Says Russia’s Energy Industry Has Overcome U.S. Sanctions

Mar 07, 2017 at 11:05 | Irina Slav

Russia’s Energy Minister Alexander Novak said at this year’s edition of CERAWeek that the country’s oil and gas industry has successfully gotten over the U.S. sanctions, raising crude oil…

Shell Stops Production At Major Nigerian Field Until April

Shell Stops Production At Major Nigerian Field Until April

Mar 07, 2017 at 10:23 | Irina Slav

Shell’s Nigerian subsidiary announced it has shut down for maintenance the Bonga field, which has the capacity to produce some 225,000 barrels of crude daily, until April. The company…

Fitch Predicts Drop In Oil Prices By 2017 As U.S. Shale Output Soars

Fitch Predicts Drop In Oil Prices By 2017 As U.S. Shale Output Soars

Mar 06, 2017 at 17:01 | Zainab Calcuttawala

Oil bigwigs should take a step back before becoming too comfortable with the new oil price range according to Fitch Ratings’ newest market analysis. “The recovery in US drilling…

IEA Warns Of Supply Crunch As Capex Cuts Bite

IEA Warns Of Supply Crunch As Capex Cuts Bite

Mar 06, 2017 at 16:52 | Zainab Calcuttawala

By 2020, the limited exploratory capital expenditures of the past two and a half years will make meeting global oil demand difficult, according to a report by the International…

Shell Fears Reopening Twice-Bombed Nigerian Pipeline

Shell Fears Reopening Twice-Bombed Nigerian Pipeline

Mar 06, 2017 at 16:40 | Zainab Calcuttawala

Royal Dutch Shell fears that reopening a pipeline in Nigeria will cause local separatist groups to re-bomb the facility for a third time, according to reports emerging from the…

Iran, South Africa To Study Construction Of GTL Plant In Iran

Iran, South Africa To Study Construction Of GTL Plant In Iran

Mar 06, 2017 at 16:15 | Tsvetana Paraskova

Iran and South Africa have agreed to start a feasibility study on building a gas to liquids (GTL) conversion plant in Iran with a capacity of 50,000 barrels, Iranian media…

Big Oil Plans 15% Combined Output Growth By 2021

Big Oil Plans 15% Combined Output Growth By 2021

Mar 06, 2017 at 15:27 | Tsvetana Paraskova

Oil supermajors are on the verge of reversing stalled production growth, planning a combined 15 percent increase in their total crude oil output by 2021, according to a Reuters…

Azerbaijan Boasts Overcompliance With Oil Output Cuts

Azerbaijan Boasts Overcompliance With Oil Output Cuts

Mar 06, 2017 at 12:59 | Tsvetana Paraskova

While most analysts are wondering when Russia will reach its gradual 300,000-bpd production cut as part of the deal with OPEC to reduce global supply, another non-OPEC producer, Azerbaijan, is…

OMV Buys Uniper Stake In Giant Russian Gas Field For $1.85B

OMV Buys Uniper Stake In Giant Russian Gas Field For $1.85B

Mar 06, 2017 at 11:24 | Tsvetana Paraskova

Austria’s OMV is buying the 25-percent stake of Germany’s Uniper in Russian gas field Yuzhno-Russkoye in western Siberia for US$1.85 billion in a deal that would give the Austrian…

LNA Tries To Push Back Benghazi Attackers From Oil Terminals

LNA Tries To Push Back Benghazi Attackers From Oil Terminals

Mar 06, 2017 at 10:52 | Irina Slav

The Libyan National Army led by Khalifa Haftar is bombing positions of the Benghazi Defense Brigades, which tried to push the LNA out of two key oil export terminals in…

Texas Oil Companies Exposed To Major Cyber Threat

Texas Oil Companies Exposed To Major Cyber Threat

Mar 06, 2017 at 10:20 | Irina Slav

Oil and gas companies operating in Texas, and especially those concentrated around Houston, are exposed to major cybersecurity threats as the sheer size of operations and the growing digitalization of…

Keystone XL Faces “No Obstacles” From Trump White House

Keystone XL Faces “No Obstacles” From Trump White House

Mar 03, 2017 at 16:30 | Zainab Calcuttawala

The controversial Keystone XL pipeline no longer faces major administrative obstacles to its construction from the United States’ end, according to the Canadian ambassador to Washington D.C. Talks with U.S.…

Exxon to Invest $5 Billion in Guyana Extraction Venture

Exxon to Invest $5 Billion in Guyana Extraction Venture

Mar 03, 2017 at 14:30 | Zainab Calcuttawala

ExxonMobil will invest $5 billion in Guyana for an oil production and extraction venture in the Liza area of the Stabroek offshore drilling block with first profits expected by…

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