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Could the Conflict Between Iran and Israel Turn Nuclear?

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Iran's potential retaliatory measures following…

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The World's Most Polluted Countries Revealed

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News

Police Confirm Attack On Shell Facility In Nigeria

Police Confirm Attack On Shell Facility In Nigeria

Jun 24, 2016 at 09:15 | Lincoln Brown

Police in the area of Imo in Nigeria have confirmed that there has been an attack on a Shell Petroleum Development Company (SPDC) facility there. The attack, which…

ISIS Oil Ministry Headquarters In Iraq Destroyed In 34 New Strikes

ISIS Oil Ministry Headquarters In Iraq Destroyed In 34 New Strikes

Jun 23, 2016 at 16:48 | Zainab Calcuttawala

Twelve ground and air strikes in Syria and 22 in Iraq, conducted by the United States-led coalition against the Islamic State, targeted the terrorist organization’s lucrative oil…

$5B Panama Canal Expansion Opens Sunday, Promising To Change Global Trade

$5B Panama Canal Expansion Opens Sunday, Promising To Change Global Trade

Jun 23, 2016 at 15:24 | James Burgess

As the Panama Canal prepares to inaugurate its first-ever expansion on Sunday with a price-tag of US$5.25 billion, news agencies are lauding it as a game-changing…

Venezuela Oil Production Faces Worse-than-Estimated Decline

Venezuela Oil Production Faces Worse-than-Estimated Decline

Jun 23, 2016 at 14:53 | Erwin Cifuentes

Venezuela’s sliding oil output may be tumbling at a rate faster than initially anticipated and production could soon reach a 27-year low. As mentioned by Argus Media…

U.S. Expands Oil And Gas Storage Facilities By 6 percent In 6 Months

U.S. Expands Oil And Gas Storage Facilities By 6 percent In 6 Months

Jun 23, 2016 at 14:45 | Zainab Calcuttawala

The United States expanded its oil storage capacity by 34 million barrels, or six percent, from September 2015 to March 2016, according to the Energy…

Judge Strikes Down Federal Fracking Rule

Judge Strikes Down Federal Fracking Rule

Jun 23, 2016 at 13:45 | Lincoln Brown

The Western Energy Alliance announced Wednesday that it had won a major court case involving hydraulic fracturing or “fracking.” On Tuesday, a District Court Judge in…

Colombian Oil Industry Looking for Boost from Ceasefire

Colombian Oil Industry Looking for Boost from Ceasefire

Jun 23, 2016 at 13:11 | Erwin Cifuentes

The Colombian government and FARC rebels are close to ending their decades-long armed conflict following the anticipated signing of a bilateral ceasefire. The announcement of the…

Ventura County Pipeline Ruptures Sending 700 Barrels Of Oil Towards The Ocean

Ventura County Pipeline Ruptures Sending 700 Barrels Of Oil Towards The Ocean

Jun 23, 2016 at 11:54 | Julianne Geiger

A pipeline in Ventura County California ruptured on Thursday morning, spilling 700 barrels of oil into the ground in the Hall Canyon area. The oil flow…

Maersk Group Could Be Split Up Says Chairman

Maersk Group Could Be Split Up Says Chairman

Jun 23, 2016 at 11:45 | Energy Voice

The Maersk Group could be split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as…

Nigerian Militants Claim The President Faces A Military Coup

Nigerian Militants Claim The President Faces A Military Coup

Jun 23, 2016 at 09:42 | Lincoln Brown

The Joint Niger Delta Liberation Force (JNDLF) issued a statement on Wednesday claiming that some of the top members of Nigeria’s military had approached the…

Supreme Court Justice Sells Exxon Shares

Supreme Court Justice Sells Exxon Shares

Jun 22, 2016 at 16:57 | Charles Kennedy

U.S. Supreme Court Justice Samuel Alito has sold off his stock in Exxon Mobil Corp. worth up to $250,000, according to Reuters. In 2008, Justice…

Angola’s State-Run Sonangol Confirms More Oil And Gas In Major Discovery

Angola’s State-Run Sonangol Confirms More Oil And Gas In Major Discovery

Jun 22, 2016 at 16:32 | James Burgess

Angola’s state-run oil giant Sonangol, recently taken over by the president’s daughter, has announced a gas discovery in the offshore Kwanza Basin that could hold 813…

Rosneft CEO Rejects Selling Public Shares To China and India

Rosneft CEO Rejects Selling Public Shares To China and India

Jun 22, 2016 at 13:26 | Erwin Cifuentes

Rosneft’s Igor Sechin rejected rumors alleging that the Russian company would sell the government’s 19.5 percent stake to a consortium of Chinese and Indian oil firms.…

Moody’s: PDVSA First Domino To Fall In Possible Venezuelan Default

Moody’s: PDVSA First Domino To Fall In Possible Venezuelan Default

Jun 22, 2016 at 12:25 | James Burgess

A report from Moody’s Investors Service concluded that the odds are strong for Venezuela to fall into a debt default later this year, starting with state-run…

Italian Oil Companies Sign Import Deals With Iran

Italian Oil Companies Sign Import Deals With Iran

Jun 22, 2016 at 11:19 | Lincoln Brown

Two Italian energy companies, Saras SpA and Iplom SpA have signed long term contracts with the National Iranian Oil Company to purchase and import crude…

Niger Delta Avengers Claim Not To Remember Any Ceasefire Agreement

Niger Delta Avengers Claim Not To Remember Any Ceasefire Agreement

Jun 22, 2016 at 11:11 | Lincoln Brown

Despite an earlier report in which the Nigerian government stated that it had reached a one-month cease-fire with the Niger Delta Avengers, the group now says it has not…

Bigger-Than-Expected Draw, According to API Report

Bigger-Than-Expected Draw, According to API Report

Jun 21, 2016 at 17:33 | Erwin Cifuentes

The latest American Petroleum Institute (API) report published on 21 June 2016 indicated a bigger-than-expected draw on U.S. oil inventory. As reported by CNBC, U.S.…

ExxonMobil Retains Title As Largest Oil And Gas Company In The World

ExxonMobil Retains Title As Largest Oil And Gas Company In The World

Jun 21, 2016 at 16:46 | Zainab Calcuttawala

The rankings’ prelude indicates that researchers equally-weighted measures of revenue, profits, assets and market value in order to name the 25 biggest players in the global…

German Government Agrees to Ban Fracking but Keep Door Open

German Government Agrees to Ban Fracking but Keep Door Open

Jun 21, 2016 at 16:29 | Charles Kennedy

The German government has agreed to ban fracking for shale gas for an indefinite period, but would allow test drilling to be carried out if state…

Japanese Firm Buys 25 Percent State in Eagle Ford Field in Texas

Japanese Firm Buys 25 Percent State in Eagle Ford Field in Texas

Jun 21, 2016 at 16:15 | James Burgess

Japanese energy major Tokyo Gas is set to acquire a 25 percent stake in an American shale gas field, allowing the firm to take advantage…

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