• 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
  • 11 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days The United States produced more crude oil than any nation, at any time.
  • 2 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 20 mins How Far Have We Really Gotten With Alternative Energy

News

Petrobras Books Huge Loss In Q3 On Asset Writedowns

Petrobras Books Huge Loss In Q3 On Asset Writedowns

Nov 11, 2016 at 10:16 | Irina Slav

Brazil’s state oil giant Petrobras reported a net loss of US$5.38 billion for the third quarter of the year, on the back of asset impairments and “investment in associates”.…

Brazilian Congress Authorizes Sale of Petrobras “Pre-Salt” Fields

Brazilian Congress Authorizes Sale of Petrobras “Pre-Salt” Fields

Nov 10, 2016 at 18:15 | Zainab Calcuttawala

Petrobras will begin selling off huge “pre-salt” oil fields to raise cash for the desperate Brazilian national oil company, according to new legislation by the South American nation’s Congress. Politicians…

Schlumberger and Golar: Equatorial Guinea’s Fortuna Project Back On!

Schlumberger and Golar: Equatorial Guinea’s Fortuna Project Back On!

Nov 10, 2016 at 17:11 | Zainab Calcuttawala

Subsidiaries of oil majors Schlumberger and Golar LNG signed an agreement to pursue a joint venture for the Fortuna project, which will be executed in Equatorial Guinea’s offshore Block…

Iraq Backtracks On Oilfield Auction As Prices Doom Budget

Iraq Backtracks On Oilfield Auction As Prices Doom Budget

Nov 10, 2016 at 13:50 | Charles Kennedy

The Iraqi authorities are postponing bidding on 12 oil fields, back-tracking on an October auction announcement, and indicating that plans to change production contracts will be reviewed again. In October,…

ConocoPhillips Seeks To Sell Natural Gas Assets For $8B

ConocoPhillips Seeks To Sell Natural Gas Assets For $8B

Nov 10, 2016 at 11:03 | Tsvetana Paraskova

Having struggled with a lower and more volatile price environment for the past two years, ConocoPhillips (NYSE:COP) said on Thursday that it would be seeking to reap up to…

Oil Prices Stable After Initial Shock To Trump’s Election Win

Oil Prices Stable After Initial Shock To Trump’s Election Win

Nov 10, 2016 at 09:56 | Tsvetana Paraskova

Having plunged immediately after Donald Trump won the U.S. presidential vote, oil prices shook off the shock from the surprise election victory, almost pared losses, and were even trying to…

Domestic Companies To Get A Larger Slice Of Nigeria’s Oil Pie

Domestic Companies To Get A Larger Slice Of Nigeria’s Oil Pie

Nov 10, 2016 at 09:37 | Zainab Calcuttawala

Contracts for crude oil production in Nigeria for the 2017 term will be awarded in the middle of December, according to a source from the Nigerian National Petroleum Corp.…

UK Quietly Deploys Warship To Guard Oil Shipping Off Yemen

UK Quietly Deploys Warship To Guard Oil Shipping Off Yemen

Nov 09, 2016 at 16:47 | Tsvetana Paraskova

The UK has deployed its most advanced warship to guard commercial shipments through a narrow strait off the Yemeni coast, through which most of Britain’s oil and gas supply travels,…

China May End Up With 50 Bcm Natural Gas Glut By 2020

China May End Up With 50 Bcm Natural Gas Glut By 2020

Nov 09, 2016 at 13:51 | Tsvetana Paraskova

Growing LNG imports and increased pipeline capacity for imports could result in China having an excess of 50 billion cubic meters of natural gas by 2020, Platts reported, quoting…

Militants Blow Up Forcados Pipeline In Nigeria For The Third Time In A Week

Militants Blow Up Forcados Pipeline In Nigeria For The Third Time In A Week

Nov 09, 2016 at 11:45 | Tsvetana Paraskova

Nigeria’s most notorious militants sabotaging oil infrastructure, the Niger Delta Avengers (NDA), have said they bombed late on Tuesday the Trans Forcados pipeline, in the third attack in just…

Trump Presidency May Jeopardize Iran’s New Oil Contracts

Trump Presidency May Jeopardize Iran’s New Oil Contracts

Nov 09, 2016 at 10:27 | Tsvetana Paraskova

Just when western oil majors started resuming investments in Iran’s oil and gas after the lifting of the sanctions, the election victory of Donald Trump – who has spoken…

Iran Starts Long-Delayed Production At Major Field

Iran Starts Long-Delayed Production At Major Field

Nov 09, 2016 at 09:32 | Irina Slav

Iran has announced the launch of production at the North Yaran field, which it shares with Iraq, after years of delay. The development manager of the field, Arash Baqerzadeh,…

Oil Prices Down As API Reports Yet Another Crude Build

Oil Prices Down As API Reports Yet Another Crude Build

Nov 08, 2016 at 16:26 | Zainab Calcuttawala

The latest American Petroleum Institute (API) report shows a crude oil build more than two times larger than experts expected, after last week’s government report revealed a record

Tesla Buys German Engineering Firm In Its Pursuit To Boost Output

Tesla Buys German Engineering Firm In Its Pursuit To Boost Output

Nov 08, 2016 at 16:05 | Tsvetana Paraskova

In its bid to dramatically increase vehicle production, Tesla Motors Inc (NASDAQ:TSLA) said on Tuesday that it had signed a deal to buy German company Grohmann Engineering, which…

U.S. Oil Drillers Raise $28B From Stock Offerings So Far In 2016

U.S. Oil Drillers Raise $28B From Stock Offerings So Far In 2016

Nov 08, 2016 at 15:52 | Tsvetana Paraskova

U.S. oil drillers have reaped a combined US$28 billion from secondary stock offerings so far this year, as they are buying land and raising capital for M&A, fuelfix reported…

France’s Total The First Major To Return Investing In Iran

France’s Total The First Major To Return Investing In Iran

Nov 08, 2016 at 15:17 | Tsvetana Paraskova

France’s oil and gas major Total SA (NYSE:TOT) said on Tuesday that it had signed a preliminary deal to invest billions of dollars in the development of a…

BP Expands The Kazzan Gas Field In Oman

BP Expands The Kazzan Gas Field In Oman

Nov 08, 2016 at 15:03 | City A.M

BP and Oman Oil Company have signed an agreement with the government of Oman to extend their licensing agreement in Oman's huge Khazzan gas field, paving the way for a…

Japex To Postpone $185M Oil Sands Project In Alberta

Japex To Postpone $185M Oil Sands Project In Alberta

Nov 08, 2016 at 12:37 | MINING.com

Japan Petroleum Exploration (Japex) said Tuesday it will postpone launching its Hangingstone oil sands expansion project in Alberta, Canada, until mid-2017, which will result in a cost increase for…

Another Bomb Goes Off At The Trans Forcados Pipeline In Nigeria

Another Bomb Goes Off At The Trans Forcados Pipeline In Nigeria

Nov 08, 2016 at 11:09 | Irina Slav

The Trans Forcados pipeline, which feeds crude from the Niger Delta to the Shell-operated export terminal of the same name, was again bombed in the early hours of Tuesday.…

Iran’s Navy to Escort All Tankers Leaving Coast

Iran’s Navy to Escort All Tankers Leaving Coast

Nov 08, 2016 at 10:42 | Irina Slav

Iran’s Navy will escort all tankers and other commercial vessels leaving the coast of the country to ensure their safe passage through risky waters. This is what Rear Admiral Habibollah…

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