There are a number of…
Oil industry leaders are revising…
Per the latest weekly data…
South Korea imported 270.4 million barrels of crude in the third quarter, up 3.9 percent on the year, as it took the opportunity of lower prices from Middle Eastern…
The governor of North Dakota has ordered an “emergency evacuation” of the several hundred protesters at the Dakota Access pipeline construction site because of adverse weather conditions. The details of…
The final list for the 17 lucky oil companies that received a pre-qualification to bid in Mexico’s highly sought after deepwater oil auctions has been published, including the usual suspects…
While a record number of 26 Canadian oil and gas companies have gone bust this year, the worst is over, say analysts, because the weakest among them have already fallen…
The local partners in the game-changing discovery of Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to US$1.75 billion in financing,…
Norway’s pension fund Kommunal Landspensjonskasse (KLP) has become the latest in a string of indirect investors in the controversial Dakota Access Pipeline (DAPL) project to assess the state of the…
Abu Dhabi National Oil Company (ADNOC) is planning on nearly tripling its petrochemical production to 11.4 million tons by 2025 from the current 4.5 million metric tons (mt), ADNOC’s…
Norway’s Petroleum Safety Authority has given the go-ahead to oil major Statoil (NYSE:STO) to start drilling an exploration well at the giant Johan Sverdrup oil field, where production…
Swiss voters rejected in a referendum on Sunday a strict timetable to phase out nuclear energy by 2029Swiss voters rejected in a referendum on Sunday a strict timetable to…
A fresh explosion at a pipeline operated by the Nigerian Petroleum Development Company has confused locals and security forces, with no one certain it was a militant attack. In fact,…
Smog-sucking towers in the Chinese capital city have filtered 10 Beijing National Stadium’s worth of air and have removed billions of harmful PM2.5 particles out of the polluted atmosphere…
The Gulf Cooperation Council (GCC) is concerned over a missing radioactive device from Iran’s Bushehr nuclear reactor, Saudi-owned Arab newspaper Asharq al-Awsat reported on Thursday. Aside from the security…
A port city in China is set to receive the second shipment of shale gas from the United States, according to a new report by Bloomberg. Shipping data collected…
A power play by Saudi Arabia has resulted in the cancellation of a meeting intended to steer the world’s oil exporters towards a production freeze, causing oil prices to tank…
Exxon, Anadarko, and their peers, along with big players in other industries, will face as many as 200 resolutions regarding climate change at their 2017 annual shareholder meetings. This…
If OPEC manages to reach a deal to cut oil output, the very large crude carriers (VLCC) would see their earnings drop as the crude oil shipping industry would be…
Power issues in key Libyan oilfields caused national oil output to drop by 70,000 barrels per day over the past week, according to Mustafa Sanallah, the chairperson of the…
Algeria’s trade deficit increased to US$15.8 billion in 2016 as of October, from US$13.7 billion as of October 2015, with persisting low oil prices weighing heavily on the country’s…
ExxonMobil Exploration and Production Liberia Limited, an affiliate of ExxonMobil (NYSE:XOM), has started drilling a deepwater exploration well offshore West Africa in a first for an Exxon-operated well offshore…
A $5.5 billion investment by the Indian Oil Corporation (IOC) will raise the capacity of the firm’s smallest refinery co-owned by Iran to 300,000 barrels per day, according to…