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Self-Heating Concrete Paves the Way for Easier Winters

Self-Heating Concrete Paves the Way for Easier Winters

Drexel University researchers successfully tested…

News

Container Ships Collide off Chinese Coast

Container Ships Collide off Chinese Coast

May 09, 2016 at 13:33 | James Burgess

Two oil container ships have collided off the coast of east China, one catching fire and the second severely damaged. No casualties have been reported, but…

China’s Crude Demand Continues To Surge As Imports Near 8M bpd

China’s Crude Demand Continues To Surge As Imports Near 8M bpd

May 09, 2016 at 12:37 | Charles Kennedy

Less than a year after the Chinese government allowed local refineries to use imported crude, the demand for overseas oil has risen by 7.6 percent, exceeding…

Shell Evacuates Oil Personnel After Chevron Platform Bombing

Shell Evacuates Oil Personnel After Chevron Platform Bombing

May 09, 2016 at 11:56 | James Burgess

Shell has evacuated nearly 100 essential oil personnel from a major production facility in the Niger Delta, following a series of attacks from a newly formed…

Post Doha- Iran Will Not Freeze/Cut Oil Output

Post Doha- Iran Will Not Freeze/Cut Oil Output

May 09, 2016 at 10:46 | James Burgess

Iranian Oil Minister Bijan Namdar Zangeneh has denied reports from last week that his country was willing to rally behind an oil output freeze plan tabled…

Oil Companies Claim Force Majeure Over Canadian Wildfires

Oil Companies Claim Force Majeure Over Canadian Wildfires

May 09, 2016 at 10:17 | Charles Kennedy

The already week-long fires still raging cross the Alberta oil sands region in Canada have forced many companies to further cut production and issue warnings that…

Russian Rosneft Marks Operational First With LNG Delivery To Egypt

Russian Rosneft Marks Operational First With LNG Delivery To Egypt

May 09, 2016 at 09:25 | James Burgess

Rosneft Trading SA, a subsidiary of Russian state-owned Rosneft Group, delivered its first LNG cargo to the port of Ain Sukhna in Egypt, as part of…

Anadarko to Raise Cash with More Asset Sales

Anadarko to Raise Cash with More Asset Sales

May 09, 2016 at 09:11 | Charles Kennedy

The third largest gas producer in the US, Anadarko Petroleum Corp, is reportedly planning to sell assets in three states as it seeks to raise $3…

Could China And India Save The Beleaguered Coal Markets?

Could China And India Save The Beleaguered Coal Markets?

May 06, 2016 at 17:54 | Global Risk Insights

Tectonic shifts in the global coal market are underway, posing a series of questions for traditional coal supply markets. Coal has historically played and continues to…

Research Finds That Increased Coal Use May Cause Droughts

Research Finds That Increased Coal Use May Cause Droughts

May 06, 2016 at 17:35 | Andrew Topf

Continued reliance on energy derived from coal may have an unintended consequence to the environment in the countries where it is burned the most, according to…

South Korea Company Pays $21Mn to Fake Aramco

South Korea Company Pays $21Mn to Fake Aramco

May 06, 2016 at 16:42 | James Burgess

After making a $21-million wire payment to a fraudulent company account claiming to be that of Saudi Aramco, South Korea’s largest petrochemical company, LG Chem, is…

Newest Refinery in U.S. Could Fall to Low Oil Prices

Newest Refinery in U.S. Could Fall to Low Oil Prices

May 06, 2016 at 11:38 | Charles Kennedy

A brand new North Dakota refinery—the only new refinery built in the United States since the 1970s--has been forced to cut production, while its owners and operators are forced to…

Danish Maersk Could Lose Qatar’s Biggest Oil Field

Danish Maersk Could Lose Qatar’s Biggest Oil Field

May 06, 2016 at 11:11 | James Burgess

The Qataris are putting their Shaheen oilfield up for tender, leaving Denmark’s AP Moller-Maersk—the operator of the field since 1992—out in the cold and prompting the…

One-Quarter of Canadian Oil Sands Offline as Second Wildfire Reaches Alberta

One-Quarter of Canadian Oil Sands Offline as Second Wildfire Reaches Alberta

May 06, 2016 at 10:40 | Charles Kennedy

As the first wildfire that started in Fort McMurray continues to rage and thousands are evacuated from a nearby oil work camp where they had sought…

Chevron Takes 90,000 bpd Offline After Niger Delta Attack

Chevron Takes 90,000 bpd Offline After Niger Delta Attack

May 06, 2016 at 09:49 | James Burgess

Chevron Corp. has taken some 90,000 barrels per day of oil offline following an attack by the Niger Delta Avengers on its Okan offshore oil platform,…

Demand For This Precious Metal Just Hit An Unexpected High

Demand For This Precious Metal Just Hit An Unexpected High

May 06, 2016 at 09:48 | Dave Forest

There’s been a lot of excitement over the gold market lately. With bullion prices touching $1,300 this past week, for a gain of nearly 25 percent…

Nigerian Militants Threaten to Bomb More Oil Facilities in Three Days

Nigerian Militants Threaten to Bomb More Oil Facilities in Three Days

May 05, 2016 at 16:49 | Charles Kennedy

In the aftermath of a militant attack on a Chevron oil platform in the Niger Delta region, the group claiming responsibility…

Confident Saudi Arabia Raises Oil Prices For Asian Markets

Confident Saudi Arabia Raises Oil Prices For Asian Markets

May 05, 2016 at 16:26 | James Burgess

State-owned Saudi Aramco is raising oil prices to its Asian customers by $1.10, the biggest jump in prices from Aramco in some 14 months. In a…

BP Making Clear Overtures To Iran

BP Making Clear Overtures To Iran

May 05, 2016 at 16:04 | Charles Kennedy

Iranian officials are saying that BP Plc will open an office in Iran this summer, though BP has not independently confirmed this. The announcement was…

Devon Energy Reports $3.1B Loss, Increases Production Guidance

Devon Energy Reports $3.1B Loss, Increases Production Guidance

May 05, 2016 at 14:06 | James Burgess

Devon Energy posted a $3.1 billion loss in the first quarter of the year, down $6.44 per share, but less than the $3.6 billion, or $8.88…

US, Russia Pressure Syrian Army To Cease Fire In Aleppo

US, Russia Pressure Syrian Army To Cease Fire In Aleppo

May 05, 2016 at 13:39 | Charles Kennedy

The Syrian military announced it would observe a 48-hour truce in the city of Aleppo following pressure exerted by both Russia and the United States amid…

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