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Caspian Power Trio Aims to Electrify the European Union

Caspian Power Trio Aims to Electrify the European Union

Azerbaijan, Kazakhstan, and Uzbekistan plan…

A Coal Stock Worth Buying?

A Coal Stock Worth Buying?

Buying coal stocks is not…

News

Eni Reports Second Gas Find Offshore Libya This Year

Eni Reports Second Gas Find Offshore Libya This Year

May 27, 2015 at 16:30 | Andy Tully

The Italian energy company Eni has discovered a gas and condensate deposit in the rich Bouri Field off the coast of Libya, the second such discovery…

Oil Majors Falling Out Favor With This Hedgefund Boss

Oil Majors Falling Out Favor With This Hedgefund Boss

May 26, 2015 at 15:51 | Andy Tully

 Huge oil companies, among the largest businesses in the world, don’t excite hedge fund manager Jim Chanos because today they have to work harder and more…

Macedonia Caught In East-West Pipeline Tug-Of-War

Macedonia Caught In East-West Pipeline Tug-Of-War

May 26, 2015 at 14:38 | Andy Tully

The tiny Balkan state of Macedonia can now join neighboring Greece as a pawn in the tug-of-war between Moscow and the West on developing alternative routes…

Iran Wants To Overcome Differences With Saudi-Arabia

Iran Wants To Overcome Differences With Saudi-Arabia

May 25, 2015 at 16:09 | Andy Tully

Iran’s oil minister, Bijan Zanganeh, says that despite their general differences over Islam and specific quarrel over Yemen, his country and Saudi Arabia have more in common than may be…

This African Country Sees A Nuclear Future

This African Country Sees A Nuclear Future

May 25, 2015 at 15:05 | Andy Tully

The 2011 meltdown at Japan’s Fukushima nuclear power plant has had a chilling effect on the global nuclear power industry, and has forced a rethink of nuclear power even in…

Israel Refuses To Pay Old Oil Debt To Iran

Israel Refuses To Pay Old Oil Debt To Iran

May 22, 2015 at 16:43 | Andy Tully

Israel is refusing to comply with an order by a Swiss court that it pay $1.1 billion that it has owed to Tehran since before Iran’s 1979 Islamic revolution for…

These Factors Could Push Oil Prices Higher

These Factors Could Push Oil Prices Higher

May 22, 2015 at 16:37 | Andy Tully

Oil prices rose slightly last week on a variety of news, the most important being word that U.S. inventories have declined further, as well as stronger…

Texas Showing Signs Of Low Oil Price Pressure

Texas Showing Signs Of Low Oil Price Pressure

May 22, 2015 at 11:49 | Ron Patterson

The Texas RRC is out with their latest Oil and Gas Production Data. Looks like oil production has leveled out with March production pretty much…

Shell CEO Defiant On Arctic Drilling

Shell CEO Defiant On Arctic Drilling

May 21, 2015 at 15:32 | Andy Tully

Royal Dutch Shell CEO Ben van Beurden says that whereas the Anglo-Dutch company is aware of the dangers that fossil fuels pose to the environment, it…

Transocean Settles For $211 Million In Deepwater Horizon Spill

Transocean Settles For $211 Million In Deepwater Horizon Spill

May 21, 2015 at 15:24 | Andy Tully

The three companies with official responsibility for the 2010 Gulf of Mexico disaster have reached settlements with individuals, businesses and with one another for the worst…

BP Seeks Partner To Explore Waters Off Southern Australia

BP Seeks Partner To Explore Waters Off Southern Australia

May 20, 2015 at 15:46 | Andy Tully

While Royal Dutch Shell is determined to explore the Arctic for energy, rival BP is looking south, proceeding with its plan, expected to cost more…

Gazprom Lowers Production Numbers Yet Again

Gazprom Lowers Production Numbers Yet Again

May 20, 2015 at 15:38 | Andy Tully

For the second time in a week, Russia’s state-owned energy company Gazprom has reduced its production forecast for 2015 due to weaker-than-expected demand resulting from warm…

Why Shell May Get Less Than It Bargained For In BG Deal

Why Shell May Get Less Than It Bargained For In BG Deal

May 19, 2015 at 16:52 | Andy Tully

Royal Dutch Shell’s $70 billion purchase of BG Group may not be as attractive as it once seemed.According to BG’s 2014 annual report, if British-based BG were…

One Of Shale’s Major Plays Is Flattening Out

One Of Shale’s Major Plays Is Flattening Out

May 19, 2015 at 16:43 | Ron Patterson

  North Dakota publishes Historical Oil Production by County. However confidential wells are not included in these totals. But they also publish a State Summary Report which does…

U.S. And Moscow Ramp Up Pressure On Greece Over Gas Pipelines

U.S. And Moscow Ramp Up Pressure On Greece Over Gas Pipelines

May 18, 2015 at 16:41 | Andy Tully

 Russian Foreign Minister Sergei Lavrov says Europe’s only realistic choice for importing gas is through Moscow’s planned Turkish Stream pipeline, not a rival conduit, also through Turkey, that’s being promoted…

Seattle Bay Filled With Kayaktivists Protesting Shell Arctic Drilling

Seattle Bay Filled With Kayaktivists Protesting Shell Arctic Drilling

May 18, 2015 at 16:33 | Andy Tully

More than 200 environmentalists calling themselves “kayaktivists” held a water-borne protest in Seattle’s Elliott Bay in an effort to persuade Royal Dutch Shell to abandon plans…

Collateral Damage From Russian Recession Could Be Global

Collateral Damage From Russian Recession Could Be Global

May 15, 2015 at 16:13 | Andy Tully

The European Bank for Reconstruction and Development (EBRD) sees modest economic improvement in much of Eastern Europe for the near future, but its outlook for Ukraine and Russia, which have…

This May Just Be The Start Of The Oil Price War Says IEA

This May Just Be The Start Of The Oil Price War Says IEA

May 14, 2015 at 12:39 | Andy Tully

Saudi Oil Minister Ali al-Naimi may be one of the most powerful individuals in the global oil industry. After all, as the top oil official in…

Oil Industry Suing U.S. Govt. Over Oil Train Safety Rules

Oil Industry Suing U.S. Govt. Over Oil Train Safety Rules

May 14, 2015 at 12:33 | Andy Tully

America’s largest energy trade association is suing the US government, contending that its timeline for upgrading oil tank cars for freight trains isn’t realistic and, in some cases, is too…

77 Percent Rise In Oil Prices Here

77 Percent Rise In Oil Prices Here

May 13, 2015 at 13:42 | Andy Tully

Prices for oil around the world have been stabilizing recently, but the heavy oil from Alberta, called Western Canada Select (WCS), is positively booming by comparison.WCS accounts…

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