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Southeast Asia Bets Billions On Pumped Hydro Energy Storage

Southeast Asia Bets Billions On Pumped Hydro Energy Storage

Southeast Asia's pumped hydro capacity…

U.S. LNG Shipped to Asia Is Still Cleaner Than Coal

U.S. LNG Shipped to Asia Is Still Cleaner Than Coal

Rystad Energy's research reveals that…

News

Wikileak: Clinton Told Oil Majors Environmentalism Is Russian Hoax

Wikileak: Clinton Told Oil Majors Environmentalism Is Russian Hoax

Oct 10, 2016 at 17:27 | Erwin Cifuentes

In 2014, United States presidential candidate Hillary Clinton purportedly accused the Russians of running fake anti-fracking and environmentalist groups who were trying to upend major projects such as the Keystone…

Agreement Reached On Turkish Stream Gas Pipeline Project

Agreement Reached On Turkish Stream Gas Pipeline Project

Oct 10, 2016 at 17:10 | Erwin Cifuentes

The leaders of Russia and Turkey on 10 October 2016 officially signed an agreement on the construction of the Turkish Stream gas pipeline project. Russian President Vladimir Putin met with…

Saudi Aramco To Suspend Refined Oil To Egypt

Saudi Aramco To Suspend Refined Oil To Egypt

Oct 10, 2016 at 16:20 | Tsvetana Paraskova

Saudi Aramco informed Egypt’s state-held Egyptian General Petroleum Corporation (EGPC) that it would suspend the delivery of refined oil products to Egypt, Reuters reported on Monday, quoting a government…

Iraq’s Oil Minister Calls For Increase In Output In 2016, 2017

Iraq’s Oil Minister Calls For Increase In Output In 2016, 2017

Oct 10, 2016 at 10:39 | Tsvetana Paraskova

Oil minister Jabar al-Luaibi has called upon oil and natural gas companies operating in Iraq to increase their production for the rest of 2016 and 2017, according to a…

IEA: Global Energy Efficiency Up Amid Oil Price Rout

IEA: Global Energy Efficiency Up Amid Oil Price Rout

Oct 10, 2016 at 09:58 | Irina Slav

The world’s energy efficiency rose by 1.8 percent last year despite the oil price crash that saw crude trade at 60 percent lower levels than at its peak in 2014,…

Gulf Coast Refineries Resume Operations After Hurricane Matthew

Gulf Coast Refineries Resume Operations After Hurricane Matthew

Oct 10, 2016 at 09:13 | Irina Slav

Crude oil refineries and gas terminals along the Gulf Coast have taken steps to resume operations in the wake of Hurricane Matthew, which did only limited damage to the energy…

Repsol Provides US$1.2 Billion For Venezuelan Joint Venture

Repsol Provides US$1.2 Billion For Venezuelan Joint Venture

Oct 07, 2016 at 17:49 | Erwin Cifuentes

Venezuela’s lagging oil industry may have received a much-needed boost from Repsol after accepting a US$1.2 billion credit line for a Petroquiriquire joint venture between Venezuelan state-run Petróleos de Venezuela…

Oil Trader Trafigura Exits Crude Tanker Ownership…For Now

Oil Trader Trafigura Exits Crude Tanker Ownership…For Now

Oct 07, 2016 at 16:16 | Tsvetana Paraskova

One of the world’s largest independent oil and commodity traders, Trafigura, has sold five medium-range oil tankers to a Chinese bank, which marks Trafigura’s exit from owning product tankers—at least…

Is A British Shale Boom Possible?

Is A British Shale Boom Possible?

Oct 07, 2016 at 13:07 | City A.M

Steve Elliott, chief executive of the Chemical Industries Association, says Yes. Concerns that UK energy is expensive, and may be insecure, undermine investment. We need firms to invest in the…

Kurdistan Oil Exports Revenue Hits US$328M In September

Kurdistan Oil Exports Revenue Hits US$328M In September

Oct 07, 2016 at 12:20 | Irina Slav

The Kurdistan Regional Government in Iraq received US$328 million from crude oil exports in September. The average daily amount that flowed by pipeline to the Turkish port of Ceyhan…

Shell Quits Oil Terminal In Washington

Shell Quits Oil Terminal In Washington

Oct 07, 2016 at 11:07 | Irina Slav

Shell has given up its plan to build an oil train unloading terminal near Anacortes, Washington, that would have received 60,000 barrels of crude daily produced in the Bakken…

Chad Slaps Exxon With Fine 5 Times Its GDP

Chad Slaps Exxon With Fine 5 Times Its GDP

Oct 07, 2016 at 09:01 | Irina Slav

The High Court of Chad has ruled that an Exxon-led consortium must pay a fine of US$75 billion for failing to meet its tax obligations and withholding royalties worth…

Libya Reopens Second Oil Terminal Under Haftar Leadership

Libya Reopens Second Oil Terminal Under Haftar Leadership

Oct 06, 2016 at 17:57 | Zainab Calcuttawala

Libya’s Zueitina oil terminal is bidding farewell to its first oil-filled tanker since late last year on Thursday, according to a port official cited by The Libyan Express. The…

Energy firms Earn $316 Billion Since Oil Price Hit Floor In February

Energy firms Earn $316 Billion Since Oil Price Hit Floor In February

Oct 06, 2016 at 17:43 | Erwin Cifuentes

The thirty-six energy firms on the Standard & Poor's 500 (S&P 500) list have gained US$316 billion in market value since West Texas Intermediate crude oil prices reached a record…

Scottish Ministers Reject Coal Gasification Plans

Scottish Ministers Reject Coal Gasification Plans

Oct 06, 2016 at 16:48 | Erwin Cifuentes

The government of Scotland on 6 October requested the revoking of six licenses to fund underground coal gasification (UCG), citing concerns from analysts over possible environmental and climate damage. “It…

Saudi Aramco IPO Will Not Be Limited To Downstream Operations

Saudi Aramco IPO Will Not Be Limited To Downstream Operations

Oct 06, 2016 at 16:29 | Lincoln Brown

Saudi Arabian Oil Company, or Saudi Aramco, is gearing up to go public, and according to a chief executive officer Amin Nasser, the initial public offering will include all…

UK Shocks All, Allows Fracking For The First Time In 5 Years

UK Shocks All, Allows Fracking For The First Time In 5 Years

Oct 06, 2016 at 10:34 | Tsvetana Paraskova

In a landmark decision, the UK Department of Communities and Local Government upheld on Thursday an appeal by gas exploration company Cuadrilla Resources, allowing it to plan for exploratory…

Oil Worker Strike In Kazakhstan Ends Without Violence

Oil Worker Strike In Kazakhstan Ends Without Violence

Oct 06, 2016 at 09:58 | Tsvetana Paraskova

Oil workers in an energy-rich region in Kazakhstan ended on Wednesday their six-day strike, after the drilling company employing them agreed to raise salaries and lift opposition to union…

India’s Big Oil Clears Way For Smaller Players

India’s Big Oil Clears Way For Smaller Players

Oct 06, 2016 at 09:30 | Irina Slav

India’s biggest E&Ps – ONGC and Oil India – have announced that they won’t be taking part in 67 tenders for the development of newly discovered oil and gas…

Brazil Opens Door Wide To Foreign Oil Companies

Brazil Opens Door Wide To Foreign Oil Companies

Oct 06, 2016 at 08:54 | Irina Slav

Brazil’s Senate yesterday scrapped the obligation to local state-owned giant Petrobras to act as operator of all oil and gas projects in the pre-salt deposits in the Brazilian shelf.…

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