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Oil Risk Premium Wanes

Oil Risk Premium Wanes

The easing of tensions between…

Why the IEA is Wrong About Peak Oil Demand

Why the IEA is Wrong About Peak Oil Demand

The International Energy Agency (IEA)…

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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…

NDA Claims Another Pipeline Attack in Niger Delta, New Group Enter Fray

NDA Claims Another Pipeline Attack in Niger Delta, New Group Enter Fray

Jun 16, 2016 at 14:33 | Charles Kennedy

As alleged peace talks break down before getting off the ground, and the Niger Delta militants claim another attack on a state-run oil pipeline, a second…

North Dakota Sees Record Drop in Production

North Dakota Sees Record Drop in Production

Jun 16, 2016 at 14:21 | Lincoln Brown

The past years’ drop in oil prices has hit the industry in North Dakota fairly hard. April was another tough month for the industry as…

California Wildfires Force Exxon Evacuation

California Wildfires Force Exxon Evacuation

Jun 16, 2016 at 14:11 | Julianne Geiger

Exxon Mobil has evacuated the non-essential personnel from the Las Flores Canyon facility in Santa Barbara County in California due to a wildfire that has yet to be brought under…

Italy Surpasses Turkey As Second-Largest Russian Gas Importer

Italy Surpasses Turkey As Second-Largest Russian Gas Importer

Jun 16, 2016 at 13:51 | Erwin Cifuentes

Italy has leapfrogged Turkey to become the second-largest importer of Russian gas, according to Gazprom CEO Alexei Miller on 15 June. "In 2016, Italian consumers have…

Gazprom Picks Up Two Arctic Energy Fields

Gazprom Picks Up Two Arctic Energy Fields

Jun 16, 2016 at 12:59 | Lincoln Brown

Russian energy company Gazprom has outbid Rosneft and Lukoil to acquire the rights to two Arctic oil and gas fields. Gazprom paid the equivalent of US$354.6 million for development…

Footage Surfaces Of Orlando Shooter Badmouthing BP Oil Spill Cleanup Team

Footage Surfaces Of Orlando Shooter Badmouthing BP Oil Spill Cleanup Team

Jun 16, 2016 at 12:22 | Julianne Geiger

Video footage has surfaced from 2010 showing Orlando shooter Omar Mateen badmouthing cleanup crews in the Gulf of Mexico following BP’s catastrophic Deepwater Horizon oil spill.…

Exxon And BHP Consider Major Divestment

Exxon And BHP Consider Major Divestment

Jun 16, 2016 at 12:08 | Lincoln Brown

Energy giants Exxon Mobil Corporation and BHP Hilton are mulling plans to sell off depleting assets in Australia. Under consideration for sale are 13 fields,…

Devon To Sell Midland Basin Assets

Devon To Sell Midland Basin Assets

Jun 16, 2016 at 11:12 | Lincoln Brown

Devon Energy is set to sell its remaining non-core assets in the Midland basin area of Texas at a price tag of $858 million. The…

Suncor’s Losses In Alberta Could Hit $1 Billion C.

Suncor’s Losses In Alberta Could Hit $1 Billion C.

Jun 16, 2016 at 09:55 | Lincoln Brown

Last month’s wildfire in northern Alberta Canada could cost Suncor Energy almost $1 billion CDN, or $778 million USD. That fire, which resulted in the…

Critical Romania-Bulgaria Gas Pipeline To Come Online By Year’s End

Critical Romania-Bulgaria Gas Pipeline To Come Online By Year’s End

Jun 15, 2016 at 15:52 | Erwin Cifuentes

A delayed natural gas pipeline between Bulgaria and Romania that was supposed to be completed in 2013 will purportedly become operational later in 2016. "The interconnector…

Goldman Sachs Says Oil Isn’t Recovering

Goldman Sachs Says Oil Isn’t Recovering

Jun 15, 2016 at 15:23 | James Burgess

Goldman Sachs has rejected analysts’ opinions that the global oil market is recovering, noting that while it expects a “modest” deficit in the coming months based…

Brazilian Ethics Panel Rules Against The Nation’s Most Powerful Politician

Brazilian Ethics Panel Rules Against The Nation’s Most Powerful Politician

Jun 15, 2016 at 14:55 | Erwin Cifuentes

Eduardo Cunha, the suspended speaker of Brazil’s Chamber of Deputies and one of the main forces behind the impeachment of President Dilma Rousseff could soon be…

Shell And Gazprom Set To Sign A Deal On LNG Development In The Baltic

Shell And Gazprom Set To Sign A Deal On LNG Development In The Baltic

Jun 15, 2016 at 13:30 | Lincoln Brown

Shell has plans to ink a deal with the Russian gas company Gazprom sometime this week. The deal is related to Gazprom’s plan to begin a…

EIA Crude Inventory Data Shows 900,000 Barrel Drop

EIA Crude Inventory Data Shows 900,000 Barrel Drop

Jun 15, 2016 at 12:33 | Charles Kennedy

Oil futures moved up slightly on Wednesday morning following the U.S. Energy Information Administration’s (EIA) official weekly report showing U.S. crude inventories down by 900,000 barrels…

Japan Decreases Dependence On The Middle East, Seeks New Crude Sources

Japan Decreases Dependence On The Middle East, Seeks New Crude Sources

Jun 15, 2016 at 11:43 | Lincoln Brown

Oil companies in Japan are expanding their list of crude importers, in an effort to reduce their reliance on Middle East oil. Japan-based Idemitsu Kosan upped…

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