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News

Georgia Could Rue Potential Deal With Gazprom

Georgia Could Rue Potential Deal With Gazprom

Oct 23, 2015 at 15:13 | The Jamestown Foundation

For the last several weeks, political life in Tbilisi has been largely dominated by ongoing negotiations between the governments of Russia and Georgia regarding Russian natural gas giant Gazprom’s large-scale…

BP Sheds More Assets To Pay For Deepwater Horizon Disaster

BP Sheds More Assets To Pay For Deepwater Horizon Disaster

Oct 22, 2015 at 17:05 | Andy Tully

Kinder Morgan has agreed to buy 15 fuel storage terminals from BP for $350 million in a deal that will help the British energy giant pay the damages and fines…

UK Rolls Out Red Carpet For China, Secures Multiple Business Deals

UK Rolls Out Red Carpet For China, Secures Multiple Business Deals

Oct 22, 2015 at 17:00 | Andy Tully

Chinese President Xi Jinping’s four-day visit to London was marked by pomp and pageantry, but even more important than the visuals was a deal he struck with his host, Prime…

Texas Oil And Gas Both Decline In August

Texas Oil And Gas Both Decline In August

Oct 22, 2015 at 16:59 | Ron Patterson

The Texas RRC Oil and Gas Production Data with production data for August is out.

Tesla’s Stock Dives After Losing Consumer Reports Recommendation

Tesla’s Stock Dives After Losing Consumer Reports Recommendation

Oct 21, 2015 at 16:03 | Andy Tully

Defective windshield wipers, leaky battery cooling pumps, misaligned latches, and general squeaks and rattles. All these and more plague the latest Tesla Model S, prompting Consumer Reports to withdraw its…

Iran Expects Gas Exports To Soar Along With Oil

Iran Expects Gas Exports To Soar Along With Oil

Oct 21, 2015 at 15:55 | Andy Tully

So far, the news from Iran has been that it can quickly return oil exports to their old levels once international sanctions are lifted, but there’s been little talk about…

Oil Markets Could Get Very Ugly, Very Quickly

Oil Markets Could Get Very Ugly, Very Quickly

Oct 21, 2015 at 10:37 | ZeroHedge

As WTI Crude tests new lows this morning (Dec contract $45.32) after API reported a huge build...Brent resumes downward trend, briefly dips below $48 to lowest level in…

Oilfield Services Not Expecting Rebound Until Late 2016

Oilfield Services Not Expecting Rebound Until Late 2016

Oct 20, 2015 at 15:20 | Andy Tully

OPEC’s strategy of keeping oil prices low appears to be having the cartel’s desired effect, at least on oilfield services companies such as Halliburton Co. The company has posted a…

Canadian Oil Sands Defends Against Hostile Bid From Suncor

Canadian Oil Sands Defends Against Hostile Bid From Suncor

Oct 20, 2015 at 15:14 | Andy Tully

Canadian Oil Sands Ltd. (COS) is urging its shareholders to turn down a hostile takeover offer by Suncor Energy Inc. (SU) to buy the company, saying Suncor was unfairly seeking…

Schlumberger CEO: Rebound In Oil Will Take Longer Than Many Expect

Schlumberger CEO: Rebound In Oil Will Take Longer Than Many Expect

Oct 19, 2015 at 16:06 | Andy Tully

Schlumberger Ltd., the world’s largest oilfield-services company, is revising its outlook for a recovery in energy prices, and says it plans to reduce spending, through more layoffs for example, in…

European Oil Companies Support Climate Action

European Oil Companies Support Climate Action

Oct 19, 2015 at 16:00 | Andy Tully

Ten of the world’s largest oil and gas companies, who make up a group called the Oil and Gas Climate Initiative (OGCI), say they support efforts by the United Nations…

Saudi Fears Over Emerging Russia-Iran Energy Nexus

Saudi Fears Over Emerging Russia-Iran Energy Nexus

Oct 19, 2015 at 15:53 | ZeroHedge

Any weakening of Russian support for Mr. Assad could be one of the first signs that the recent tumult in the oil market is having an impact on global statecraft.…

Is Cushing Oil Storage Hub Safe With Increase in Earthquake Activity?

Is Cushing Oil Storage Hub Safe With Increase in Earthquake Activity?

Oct 16, 2015 at 16:01 | Andy Tully

A recent earthquake in north-central Oklahoma is raising concerns that seismic instability in the region could threaten a large nearby oil-storage complex.The quake occurred on Oct. 10 about…

Massive Recall Of VW Vehicles Ordered By German Government

Massive Recall Of VW Vehicles Ordered By German Government

Oct 16, 2015 at 15:55 | Andy Tully

 The recall orders have finally begun. The government of Germany, one of Volkswagen’s most crucial markets, has directed the company to recall 2.4 million of its diesel vehicles which…

Industrial Production For Oil And Gas Well Drilling Drops To Lowest This Century

Industrial Production For Oil And Gas Well Drilling Drops To Lowest This Century

Oct 16, 2015 at 12:04 | ZeroHedge

Industrial Production growth in The U.S. has now slowed for 10 straight months, rising just 0.4 percent YoY in September - the weakest growth since Dec 2009 - signaling the…

Iran Now Ready To Begin Limiting Nuclear Program

Iran Now Ready To Begin Limiting Nuclear Program

Oct 15, 2015 at 16:12 | Andy Tully

Iran is ready to begin curtailing its nuclear program now that the country’s Guardian Council has given final approval for the nuclear agreement Tehran worked out…

Spurned Russian Billionaire Gets Another North Sea Asset

Spurned Russian Billionaire Gets Another North Sea Asset

Oct 15, 2015 at 16:02 | Andy Tully

It didn’t take Russian billionaire Mikhail Fridman long to restore his presence in the North Sea oil industry. At the start of this week his investment company, LetterOne, said it…

Statoil Uses New Method To Wring More Gas From North Sea

Statoil Uses New Method To Wring More Gas From North Sea

Oct 14, 2015 at 16:37 | Andy Tully

After years of drilling, the North Sea is beginning to run low on its gas and oil reserves, but Norway’s Statoil has begun using “subsea gas compression,” a new, less…

Latest Innovation Could Be A Game Changer For Solar Cell Manufacturing

Latest Innovation Could Be A Game Changer For Solar Cell Manufacturing

Oct 14, 2015 at 16:31 | Andy Tully

Solar photovoltaics can generate clean electricity, but until recently one major barrier to greater adoption is the fact that solar panels have been prohibitively expensive. In…

Bakken Production Down Plus IEA Predictions

Bakken Production Down Plus IEA Predictions

Oct 14, 2015 at 16:31 | Ron Patterson

The Bakken and North Dakota production data is in.(Click Image To Enlarge)Bakken production was down…

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