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News

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…

OPEC Optimistic On Oil Markets Next Year

OPEC Optimistic On Oil Markets Next Year

Oct 13, 2015 at 16:43 | Andy Tully

OPEC’s outlook for the coming year is optimistic, with the cartel claiming the global demand for the oil produced by its 12 members will be stronger in 2016 given that…

Too Many EVs, Not Enough Charging Stations For California

Too Many EVs, Not Enough Charging Stations For California

Oct 13, 2015 at 16:39 | Andy Tully

California, a leader in the United States in adopting electric cars, is experiencing the growing pains that accompany any paradigm shift: Its roads are being navigated by more than 150,000…

Latest OPEC Report Yields Few Surprises

Latest OPEC Report Yields Few Surprises

Oct 13, 2015 at 16:33 | Ron Patterson

The OPEC Monthly Oil Market Report is just out with the crude only production numbers for the 12 OPEC countries. The data below is in thousand barrels per day…

Russian Billionaire Fridman Sells North Sea Gas Assets

Russian Billionaire Fridman Sells North Sea Gas Assets

Oct 12, 2015 at 15:25 | Andy Tully

LetterOne, the investment fund owned by Russian billionaire Mikhail Fridman, has sold its gas fields in the British North Sea to the giant Swiss petrochemical company Ineos in a deal…

UK Energy Subsidy Cuts Claim First Victim

UK Energy Subsidy Cuts Claim First Victim

Oct 12, 2015 at 15:14 | Andy Tully

 The decision by Britain’s Conservative government to cut subsidies supporting renewable energy has thrown at least one British company into bankruptcy, forcing it to lay off its 939 employees. Since…

Putin Has What Obama Sorely Lacks: A Coherent Strategy For Syria

Putin Has What Obama Sorely Lacks: A Coherent Strategy For Syria

Oct 12, 2015 at 15:08 | Juan Cole

  In his “60 Minutes” interview on Sunday, President Obama made some remarks on Syria, but do they add up to a policy?Obama said:1. He…

Iran’s Ballistic Missile Test Flies In The Face Of Nuclear Deal

Iran’s Ballistic Missile Test Flies In The Face Of Nuclear Deal

Oct 12, 2015 at 12:31 | ZeroHedge

One of the truly interesting things about Iran’s stepped up involvement in Syria (be it through Tehran’s various Shiite militias, the Quds, or most visibly, via Hezbollah) is that it…

Saudi Arabia Halts Government Spending Due To Oil Price Fall

Saudi Arabia Halts Government Spending Due To Oil Price Fall

Oct 09, 2015 at 16:13 | Andy Tully

Saudi Arabia has reportedly resorted to spending cuts to cope with a budget deficit caused by the steep decline of oil prices over the past year.Bloomberg reported Oct.…

Iran Preps Oil Sector For Life After Sanctions

Iran Preps Oil Sector For Life After Sanctions

Oct 09, 2015 at 16:07 | Andy Tully

Iran says it is ready to offer more than 50 projects for energy exploration and production to investors so that it can return quickly to the global oil market as…

Major Shale Find Could Guarantee Israel’s Oil Supply For Years

Major Shale Find Could Guarantee Israel’s Oil Supply For Years

Oct 08, 2015 at 15:23 | Andy Tully

Energy geologists estimate that billions of barrels of crude oil are available in shale in the occupied Golan Heights, but will Israel be able to get…

Export Ban Opponents Unrelenting Ahead Of Tomorrow’s Senate Vote

Export Ban Opponents Unrelenting Ahead Of Tomorrow’s Senate Vote

Oct 08, 2015 at 15:14 | Andy Tully

Senate Republicans, eager to pass legislation that would lift the 40-year-old ban on virtually all exports of U.S. crude oil, repeatedly tried to persuade Energy Secretary…

Little Hope For Crude Oil Exports If Clinton Is Elected

Little Hope For Crude Oil Exports If Clinton Is Elected

Oct 08, 2015 at 11:38 | Robert Rapier

Another Clinton Administration Likely I know some people cringe at the idea, but Hillary Clinton is the current favorite to win not…

What’s Next For Oil Prices?

What’s Next For Oil Prices?

Oct 07, 2015 at 14:54 | Andy Tully

Oil industry leaders say they see the price of crude on the verge of recovery, though it’s not clear how quickly it will rise. The question…

UK Gov Sees Fracking As Better Option Than Clean Energy

UK Gov Sees Fracking As Better Option Than Clean Energy

Oct 07, 2015 at 14:48 | Andy Tully

UK Energy Secretary Amber Rudd says Britain’s Conservative government is determined to cut subsidies to companies developing clean energy alternatives to oil and gas, and argues…

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