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Southeast Asia Is Betting Big on a Green Future

Southeast Asia Is Betting Big on a Green Future

Southeast Asian countries are heavily…

Turkey Aims to Triple Middle Corridor Trade by 2030

Turkey Aims to Triple Middle Corridor Trade by 2030

Turkey is striving to solidify…

News

Locals Alarmed By Flare Event At Richmond Refinery

Locals Alarmed By Flare Event At Richmond Refinery

Jun 21, 2016 at 11:46 | Erwin Cifuentes

A flare-up was reported at Chevron’s Richmond oil refinery located in California, San Francisco Bay on 19 June. According to accounts on social media, some smoke…

Nigeria’s Oil Earnings Down For The First Quarter, Amid Other Woes

Nigeria’s Oil Earnings Down For The First Quarter, Amid Other Woes

Jun 21, 2016 at 10:57 | Lincoln Brown

Nigeria’s earnings from crude oil and gas and its Petroleum Profit Tax and Royalties saw a decline of 34.1 percent for the first quarter of this…

Conoco-Phillips Named Top Methane Polluter By The Center For American Progress

Conoco-Phillips Named Top Methane Polluter By The Center For American Progress

Jun 21, 2016 at 10:20 | Lincoln Brown

A report released on Monday by the group Center for American Progress has named the companies responsible for the greatest amount of methane leaks from…

Electric Cars To Take a Bite Out Of Gasoline Demand In The Next 20 Years

Electric Cars To Take a Bite Out Of Gasoline Demand In The Next 20 Years

Jun 21, 2016 at 09:23 | Lincoln Brown

Electric cars, which at this point are still few in number, and remain a bit of an anomaly on American roads, will increase in the…

Assets: Russian Natural Gas Firm Buying, Oil Majors Selling

Assets: Russian Natural Gas Firm Buying, Oil Majors Selling

Jun 20, 2016 at 17:19 | Zainab Calcuttawala

Russian gas giant Gazprom is looking to purchase assets from BG Group that Shell bought earlier this year, the Business Insider said. The firm’s Deputy Chief Executive, Alexander Medvedev,…

Marathon Oil Expands Gains Foothold into STACK Area

Marathon Oil Expands Gains Foothold into STACK Area

Jun 20, 2016 at 16:31 | Erwin Cifuentes

Marathon Oil Corporation agreed on 20 June 2016 to pay US$888 million in order to purchase PayRock Energy Holdings LLC. Venture capital firm EnCap Investments…

Magnitude-3.7 Tremor Hits Oil-Rich Oklahoma

Magnitude-3.7 Tremor Hits Oil-Rich Oklahoma

Jun 20, 2016 at 16:17 | Erwin Cifuentes

The U.S. Geological Survey (USGS) reported that a magnitude-3.7 earthquake hit the oil-rich state of Oklahoma early on 20 June 2016. The tremor was detected…

Nigerian Oil Workers Threaten Strike

Nigerian Oil Workers Threaten Strike

Jun 20, 2016 at 14:36 | Charles Kennedy

Oil workers in Nigeria under the union known as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) are threatening to go on…

French Port Workers Suspend Strike Ahead Of Protest

French Port Workers Suspend Strike Ahead Of Protest

Jun 20, 2016 at 12:21 | Lincoln Brown

The strike at a French port may not be over, but it is on hold for now as French CGT workers have suspended their four-week…

BP Speeds Up Development Of Giant Gas Field In Egypt

BP Speeds Up Development Of Giant Gas Field In Egypt

Jun 20, 2016 at 11:26 | James Burgess

Only 15 months after the discovery of a giant offshore gas field in Egypt, British Petroleum (BP) has approved its first phase development and is fast-tracking…

Three Dead In Libya Following Attacks Near Oil Fields

Three Dead In Libya Following Attacks Near Oil Fields

Jun 20, 2016 at 09:45 | Lincoln Brown

A militia group in Libya calling itself The Benghazi Defense Forces launched an attack on eastern military units in an area close to oil facilities…

Louisiana High Court Upholds Exploration Ruling

Louisiana High Court Upholds Exploration Ruling

Jun 20, 2016 at 09:13 | Lincoln Brown

Fracking, which has garnered a great deal of controversy over the years, was the subject of a lawsuit in Louisiana, when the Louisiana Supreme Court decided…

Petrobras Discovers Major Well At Promising Offshore Oil Field

Petrobras Discovers Major Well At Promising Offshore Oil Field

Jun 17, 2016 at 13:35 | Erwin Cifuentes

Petrobras claimed on Wednesday to have discovered its largest find at its Libra field located off Brazil’s southeast coast. According to the state-run oil producer,…

Oil Price Rebound Brings Canadian Dollar Back to Life

Oil Price Rebound Brings Canadian Dollar Back to Life

Jun 17, 2016 at 13:26 | James Burgess

Breaking its losing streak for the first time this year, the Canadian dollar has now rebounded after a rough six months and six straight days of…

Israel To Offer Up Tantalizing Offshore Gas Exploration Blocks

Israel To Offer Up Tantalizing Offshore Gas Exploration Blocks

Jun 17, 2016 at 10:39 | James Burgess

The Israeli Energy Ministry is planning to offer up new offshore gas exploration licenses later this year, saying that the country’s undiscovered resources could make the…

Gold Smugglers Arrested As Sudan Jockeys To Become The #2 Producer

Gold Smugglers Arrested As Sudan Jockeys To Become The #2 Producer

Jun 17, 2016 at 09:57 | Lincoln Brown

This week, Sudan's National Intelligence and Security Services reportedly seized 64 kilograms of gold that were to be smuggled to another country; and arrested seven…

Iran And China To Build Oil Terminal In Persian Gulf

Iran And China To Build Oil Terminal In Persian Gulf

Jun 17, 2016 at 09:33 | Lincoln Brown

News outlets in China and Iran have been reporting that the two nations have agreed to a joint venture in the Persian Gulf. The project…

Lukoil Anticipates Iran Re-Entry

Lukoil Anticipates Iran Re-Entry

Jun 16, 2016 at 17:17 | Erwin Cifuentes

Lukoil President Vagit Alekperov said that his company is seriously considering reentering the Iranian energy market following the removal of international sanctions earlier this year In…

One Of The Caribbean’s Largest Oil Refineries Set To Reopen

One Of The Caribbean’s Largest Oil Refineries Set To Reopen

Jun 16, 2016 at 15:26 | The Dialogue

The Aruban unit of oil company Citgo and the Aruban government have reached an agreement to re-open one of the Caribbean’s largest oil refineries in San…

TransCanada to Build $2.1 Bn Gas Pipeline in Mexico

TransCanada to Build $2.1 Bn Gas Pipeline in Mexico

Jun 16, 2016 at 15:19 | The Dialogue

Calgary-based energy infrastructure company TransCanada said it would build and operate a $2.1 billion natural gas pipeline in Mexico, Reuters reported Monday. TransCanada will own a…

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