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Kenya and Uganda End Oil Imports Dispute

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Federal Reserve: Mixed Results For U.S. Energy Sector

Federal Reserve: Mixed Results For U.S. Energy Sector

Sep 08, 2016 at 14:38 | Erwin Cifuentes

Demand for energy-related products and services declined even though there are signs of stabilization, according to the United States Federal Reserve’s most recent business activity survey published…

Nigeria Risks Total Distress If Oil & Gas Problems Not Addressed: Oil Manager

Nigeria Risks Total Distress If Oil & Gas Problems Not Addressed: Oil Manager

Sep 08, 2016 at 12:25 | Tsvetana Paraskova

Nigeria may “plunge in total distress” if it does not take urgent measures to start solving its economic and oil and gas industry woes, Thomas Dada, founder and…

Iran And Iraq To Increase Oil Output Despite OPEC Meeting In September

Iran And Iraq To Increase Oil Output Despite OPEC Meeting In September

Sep 08, 2016 at 11:41 | Julianne Geiger

Iran and Iraq have served up the latest round of comments on the highly anticipated—and highly analyzed—OPEC meeting in Algiers that many hope will end with a freeze…

EIA Sees OPEC Crude Output Rising In 2016 And 2017

EIA Sees OPEC Crude Output Rising In 2016 And 2017

Sep 08, 2016 at 11:05 | Tsvetana Paraskova

OPEC’s crude oil production is expected to grow to 32.41 million bpd this year from 31.76 million bpd in 2015, with higher Iranian output accounting for most of…

Suncor Looks To Abandon Oil Sands Assets

Suncor Looks To Abandon Oil Sands Assets

Sep 08, 2016 at 10:38 | Lincoln Brown

Canada’s largest oil producer is looking to abandon some of its high-cost and greenhouse gas intensive oil sands assets, according to Suncor Energy’s CEO Steve Williams. Williams…

Cash Runs Low For S&P Oil And Gas Majors, Dividends Sparse

Cash Runs Low For S&P Oil And Gas Majors, Dividends Sparse

Sep 08, 2016 at 09:14 | Zainab Calcuttawala

Chronically low oil prices have caused American oil and gas majors in the S&P 500 to lose billions of dollars from their cash reserves, according to a new…

API: U.S. Crude Inventories See Biggest Draw Since 1999

API: U.S. Crude Inventories See Biggest Draw Since 1999

Sep 07, 2016 at 17:28 | Zainab Calcuttawala

U.S. crude inventories collapsed by 12 million barrels this week, marking the largest inventory draw since January 1999, according to analysis of this week’s American Petroleum Institute inventory…

Nigerian Military Captures Suspected Niger Delta Avengers Chief

Nigerian Military Captures Suspected Niger Delta Avengers Chief

Sep 07, 2016 at 17:15 | Erwin Cifuentes

The Nigerian military reported today that they have captured the suspected leader of the Niger Delta Avengers (NDA), a rebel group that has targeted oil and gas infrastructure…

Turkey Prepared To Conduct Joint Attack With U.S. Against ISIS In Raqqa

Turkey Prepared To Conduct Joint Attack With U.S. Against ISIS In Raqqa

Sep 07, 2016 at 17:10 | Zainab Calcuttawala

Turkish President Recep Tayyip Erdogan dropped hints on Wednesday that the United States and Turkey were prepared to invade Raqqa, Syria - the Islamic State’s de facto capital.…

The U.S. Proposes Strategic Petroleum Reserve Modernization Plan

The U.S. Proposes Strategic Petroleum Reserve Modernization Plan

Sep 07, 2016 at 16:47 | Erwin Cifuentes

The White House proposed modernizing the Strategic Petroleum Reserve (SPR) as part of a plan that could cost as much as US$2billion, the United States Department of Energy…

France’s Trade Deficit Widens On Surging Oil Imports

France’s Trade Deficit Widens On Surging Oil Imports

Sep 07, 2016 at 15:09 | Tsvetana Paraskova

France’s trade deficit jumped in July compared to June as the country’s crude oil imports soared after strikes and riots had blocked French oil refineries in May and…

FLEC Claims Responsibility For 12 deaths In Angolan Oil Field Clash

FLEC Claims Responsibility For 12 deaths In Angolan Oil Field Clash

Sep 07, 2016 at 13:06 | Lincoln Brown

The Front for Liberation for the Enclave of Cabinda, or FLEC, claims that it is responsible for the deaths of 12 soldiers in the Angolan oil fields this…

Norway’s Giant Oil Fund Excludes Duke Energy on Environment Concerns

Norway’s Giant Oil Fund Excludes Duke Energy on Environment Concerns

Sep 07, 2016 at 10:59 | Tsvetana Paraskova

The world’s largest sovereign wealth fund, Norway’s US$870-billion oil fund, said that it excludes, effective Wednesday, Duke Energy Corp (NYSE:DUK) and three subsidiaries from its investment…

Do These Government Threats Show A Super Spike For Nickel Next Week?

Do These Government Threats Show A Super Spike For Nickel Next Week?

Sep 07, 2016 at 09:38 | Dave Forest

Things are about to get very serious in the world’s top nickel-producing nation. That’s the message this week coming from lawmakers in the Philippines. With the country’s mines…

US-led Coalition Strikes Destroy More ISIS Oil Assets in Syria

US-led Coalition Strikes Destroy More ISIS Oil Assets in Syria

Sep 07, 2016 at 09:09 | Tsvetana Paraskova

U.S. and coalition military forces have conducted air strikes and destroyed ISIS oil pump jacks and oil tanker trucks in Syria, the U.S. Department of Defense said…

Shell Starts Production In Ultra Deepwater Field In Gulf Of Mexico

Shell Starts Production In Ultra Deepwater Field In Gulf Of Mexico

Sep 06, 2016 at 17:34 | Zainab Calcuttawala

Royal Dutch Shell announced on Tuesday that it started production in its ultra deepwater fields in the Gulf of Mexico, according to an official statement posted on…

Statoil Offers Severance Packages To All Employees

Statoil Offers Severance Packages To All Employees

Sep 06, 2016 at 17:25 | Zainab Calcuttawala

Statoil informed its employees via its companywide intranet that all employees would receive an offer to apply for severance packages, according to a report by The Norway Post. …

EOG Resources Boosts Permian Presence With $2.5B Acquisition

EOG Resources Boosts Permian Presence With $2.5B Acquisition

Sep 06, 2016 at 17:01 | Tsvetana Paraskova

EOG Resources (NYSE:EOG) said on Tuesday that it had agreed to buy independent company Yates Petroleum Corporation in a stock-and-cash transaction worth for US$2.5 billion, thus…

Texas Drilling Industry Ends 19-Month Job Bleed In July

Texas Drilling Industry Ends 19-Month Job Bleed In July

Sep 06, 2016 at 16:33 | Zainab Calcuttawala

Texas’ drilling companies added 100 jobs in July, marking the first monthly increase of the kind in the state’s energy sector for 19 straight months, according to…

Abu Dhabi Sovereign Funds Merge In US$125 Billion Deal

Abu Dhabi Sovereign Funds Merge In US$125 Billion Deal

Sep 06, 2016 at 14:39 | Erwin Cifuentes

Two major Abu Dhabi sovereign funds - International Petroleum Investment Co. (IPIC) and Mubadala Development Company PJSC – will come together to create an alliance with assets of approximately US$125…

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