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Breaking News:

OPEC Lifts Production in February

California Startup Boasts Breakthrough in Hydrogen Storage

California Startup Boasts Breakthrough in Hydrogen Storage

Despite challenges, startups like H2MOF…

Iran’s Syria Strategy Is Coming Unravelled

Iran’s Syria Strategy Is Coming Unravelled

Syria is a crucial partner…

Oil Majors Dive Into Deepwater Projects Despite Tight Budgets

Oil Majors Dive Into Deepwater Projects Despite Tight Budgets

Despite tightened budgets, frontier drilling…

News

Facebook’s Solar-Powered Plane Undergoes First Official Test Flight

Facebook’s Solar-Powered Plane Undergoes First Official Test Flight

Jul 21, 2016 at 16:30 | Erwin Cifuentes

The Aquila, a solar-powered aircraft that Facebook hopes can provide Internet access, took off on its first official test flight, according to Wired on Thursday. The plane…

Russia may Take Bourgas-Alexandroupolis Pipeline Off Shelf

Russia may Take Bourgas-Alexandroupolis Pipeline Off Shelf

Jul 21, 2016 at 15:07 | Irina Slav

An oil pipeline project that was suspended due to financial problems a few years ago may once again be on the agenda because of the latest events…

Saudi Aramco Signs Engineering Contracts For $13.3B Gas Plant

Saudi Aramco Signs Engineering Contracts For $13.3B Gas Plant

Jul 21, 2016 at 14:01 | Lincoln Brown

The state-owned Saudi Arabian energy company, Saudi Aramco has announced that it has signed four engineering contracts for the construction on its Fadhili gas processing project. Construction…

Human Error Leading Cause of Oil Industry Accidents in India

Human Error Leading Cause of Oil Industry Accidents in India

Jul 21, 2016 at 13:28 | Lincoln Brown

Speaking at the PetroSafe-2016 hydrocarbon safety conference in Jaipur, India this week, M K Surana attributed the main cause of oil and gas industry accidents in the…

Louisiana Runs Out Of Solar Tax Credits

Louisiana Runs Out Of Solar Tax Credits

Jul 21, 2016 at 12:11 | Lincoln Brown

Demand has exceeded supply when it comes to solar tax credits in Louisiana, and homeowners are will no longer be financially incentivized by the state for installing solar…

UAE Gets Closer to Commissioning First Ever Nuclear Plant

UAE Gets Closer to Commissioning First Ever Nuclear Plant

Jul 21, 2016 at 10:54 | Irina Slav

The UAE is hardly the country one thinks would rely on nuclear energy, but times are changing, and the emirates are all for renewable energy and a varied…

Ugandan Central Bank Warns of “Debt Distress” over Delayed Oil Production

Ugandan Central Bank Warns of “Debt Distress” over Delayed Oil Production

Jul 21, 2016 at 09:12 | Erwin Cifuentes

A senior official with the Ugandan central bank issued a dire warning if delays continue to beset the start of oil production, according to Reuters. “We should start…

Former Apache Manager Joins Alaskan Cabinet as Oil Adviser

Former Apache Manager Joins Alaskan Cabinet as Oil Adviser

Jul 20, 2016 at 17:47 | Zainab Calcuttawala

The governor of Alaska announced changes to his cabinet on Monday, appointing John Hendrix - formerly of Apache Alaska – as the state’s chief oil and gas advisor,…

The Going Rate For The Largest Inland Oil Spill in US History: $177 Million

The Going Rate For The Largest Inland Oil Spill in US History: $177 Million

Jul 20, 2016 at 17:01 | Julianne Geiger

Eaton Rapids, Michigan— Canada’s Enbridge Energy Partners will pay $61 million in civil penalties for its 2010 oil spill near Michigan’s Great Lakes, according to U.S. government agencies in Wednesday news…

Carbon Capture Technology to Get Trial Run in Rotterdam

Carbon Capture Technology to Get Trial Run in Rotterdam

Jul 20, 2016 at 16:27 | Zainab Calcuttawala

The viability of carbon capture and storage (CCS) technology in Europe will soon be tested in Rotterdam, where million of tons of greenhouse gases will be stored underground…

Chesapeake and Former SandRidge CEO Sued for Rigging Leases

Chesapeake and Former SandRidge CEO Sued for Rigging Leases

Jul 20, 2016 at 14:02 | Lincoln Brown

Chesapeake Energy, along with former SandRidge Energy’s ex-CEO Tom Ward are facing a lawsuit from leaseholders claiming that along with the Chesapeake, Ward conspired to rig bids…

Nigeria Launches $100 Million Oil Fund

Nigeria Launches $100 Million Oil Fund

Jul 20, 2016 at 11:11 | Irina Slav

Nigeria’s government has launched a special fund worth US$100 million to take care of securing the credit that the oil industry of the country needs.…

Vancouver Bans All Oil Storage Within City Limits

Vancouver Bans All Oil Storage Within City Limits

Jul 20, 2016 at 09:35 | Irina Slav

The city council of Vancouver has voted unanimously to ban new construction for oil storage facilities and refineries in the city, as well as expansions to existing…

Mark Papa To Buy Stake In Texan Driller Centennial

Mark Papa To Buy Stake In Texan Driller Centennial

Jul 20, 2016 at 09:08 | Zainab Calcuttawala

Silver Run Acquisition Corp., run by Mark Papa —a veteran energy businessman—will soon own a minority stake in Centennial Resource Development LLC, according to a source familiar with…

Citi Analyst: Don’t Expect A 2015 Style Oil Price Crash This Year

Citi Analyst: Don’t Expect A 2015 Style Oil Price Crash This Year

Jul 19, 2016 at 17:37 | Zainab Calcuttawala

Oil prices this year have been replicating a pattern from last year, which ultimately ended in a price collapse in 2016, but an analyst of Citigroup says…

Oil Falls After API Reports Surprise Gasoline Inventory Build

Oil Falls After API Reports Surprise Gasoline Inventory Build

Jul 19, 2016 at 16:36 | Zainab Calcuttawala

The American Petroleum Institute’s weekly report on inventories included numbers largely in line with expectations, with a 2.3 million barrel crude oil draw tallied for the 7-day period…

UK Fraud Office Probes Further Into Bribe-Implicated Unaoil

UK Fraud Office Probes Further Into Bribe-Implicated Unaoil

Jul 19, 2016 at 16:01 | Erwin Cifuentes

The Serious Fraud Office (SFO) of the United Kingdom announced today that it would bring up criminal charges against Monaco-based Unaoil over alleged involvement in a major international…

CNPC Evacuates Oil Personnel from South Sudan

CNPC Evacuates Oil Personnel from South Sudan

Jul 19, 2016 at 15:14 | Erwin Cifuentes

The China National Petroleum Corporation (CNPC) evacuated 191 of its employees in South Sudan amid worries over an escalation in the armed conflict between the government and…

EIA Predicts Slump in Shale Outputs By August

EIA Predicts Slump in Shale Outputs By August

Jul 19, 2016 at 14:47 | Zainab Calcuttawala

The United States Energy information Administration’s monthly report on domestic shale outputs puts oil production down by 99,000 barrels per day from July to August of this year.…

Report Predicts $11.08 billion Growth In Well Cementing Services By 2024

Report Predicts $11.08 billion Growth In Well Cementing Services By 2024

Jul 19, 2016 at 13:19 | Lincoln Brown

An uptick in drilling activity aimed at reaching shale and tight gas, tough environmental rules, and the lower price of crude oil are all factors that…

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