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Breaking News:

Asian Oil Imports Dropped in April

Will Big Oil See Better Earnings In Q2?

Will Big Oil See Better Earnings In Q2?

The energy sector has underperformed…

Egypt Eyes Large Role in Green Hydrogen Production

Egypt Eyes Large Role in Green Hydrogen Production

Egypt’s rich solar and wind…

News

Gulf Coast Storing Oil Due to Supply Glut

Gulf Coast Storing Oil Due to Supply Glut

Apr 10, 2014 at 14:28 | James Burgess

The surge in oil production from fields across the United States is leading to a supply glut along the Gulf Coast, forcing oil into storage tanks. Oil rich shale plays…

Putin Postpones Payment by Ukraine for Gas

Putin Postpones Payment by Ukraine for Gas

Apr 10, 2014 at 14:26 | Joao Peixe

On April 9, Russian President Vladimir Putin suggested that Gazprom should postpone the upfront payment of billions of dollars by Ukraine for natural gas. Gazprom has been insisting that it…

As U.S. Shale Plateaus, Drillers Look Abroad

As U.S. Shale Plateaus, Drillers Look Abroad

Apr 10, 2014 at 14:24 | Charles Kennedy

It is possible that many shale producers in the U.S. will see their production plateau over the next few years. The phenomenal expansion experienced in America’s oil patch will likely…

Oil Prices Jump on Ukraine Tension

Oil Prices Jump on Ukraine Tension

Apr 09, 2014 at 16:33 | James Burgess

Oil prices jumped on April 8 on spiking geopolitical tension as activists in Ukraine’s eastern provinces pushed for a referendum on seceding from Ukraine and joining Russia. Groups of people…

Oklahoma Suffering From Huge Increase in Earthquakes Near Drilling

Oklahoma Suffering From Huge Increase in Earthquakes Near Drilling

Apr 09, 2014 at 16:32 | Charles Kennedy

Oklahoma is dealing with a significant increase in earthquakes near drilling sites, suggesting a link between hydraulic fracturing and seismic activity. Oklahoma has already experienced as many earthquakes this year…

EPA Says States Will Have Flexibility With Carbon Regs

EPA Says States Will Have Flexibility With Carbon Regs

Apr 09, 2014 at 16:30 | Joao Peixe

EPA Administrator Gina McCarthy went to lengths to emphasize the fact that states will have flexibility when deciding on how to implement new greenhouse gas regulations on existing power…

Natural Gas Accounted for Half of New Capacity in 2013

Natural Gas Accounted for Half of New Capacity in 2013

Apr 08, 2014 at 16:47 | Joao Peixe

Natural gas-fired power plants accounted for more than half of newly installed capacity last year, surpassing all other forms of power generation combined, according to the EIA. The 6,861…

U.S. Oil Imports Fall to Zero Over Next 25 Years

U.S. Oil Imports Fall to Zero Over Next 25 Years

Apr 08, 2014 at 16:44 | James Burgess

The EIA projects that U.S. oil imports will shrink to essentially zero by 2037 due to prolific production of crude oil. By 2020, the EIA estimates that U.S. oil production…

Shell Begins Oil Exports from Iraq’s Majnoon Field

Shell Begins Oil Exports from Iraq’s Majnoon Field

Apr 08, 2014 at 16:41 | Charles Kennedy

Royal Dutch Shell hit commercial production targets in its Majnoon field in Iraq, allowing it to begin exports. Shell owns a 45% stake in the field and leads a consortium…

Oil Drops on Libyan Deal

Oil Drops on Libyan Deal

Apr 07, 2014 at 16:22 | Charles Kennedy

Libyan rebels came to an agreement with the central government in Tripoli, allowing the country to resume oil exports out of two ports. Libyan rebels demanding greater regional autonomy…

U.S. Could Allow Atlantic Offshore Surveying This Year

U.S. Could Allow Atlantic Offshore Surveying This Year

Apr 07, 2014 at 16:19 | James Burgess

A top Department of Interior official said that the Obama administration may allow oil and gas companies to begin seismic testing in the Atlantic Ocean later this year in…

Kashagan Production Could be Delayed for Years

Kashagan Production Could be Delayed for Years

Apr 07, 2014 at 16:16 | Joao Peixe

Last Week Oil Price reported on the mounting problems at the massive Kashagan oil field in Kazakhstan. The latest developments seem to be much worse than previously thought, as…

ExxonMobil Agrees to Disclose Risks of Fracking

ExxonMobil Agrees to Disclose Risks of Fracking

Apr 05, 2014 at 09:06 | Joao Peixe

One of the world’s largest oil and gas producers agreed to disclose the risks of hydraulic fracturing and the impact of its operations on air quality, water, and other…

U.S. Oil Imports Continue to Decline

U.S. Oil Imports Continue to Decline

Apr 05, 2014 at 09:04 | James Burgess

New EIA data shows that U.S. oil imports continued to decline in 2013 as domestic production increased. The U.S. is now importing less oil than at any time since the…

EU Slashes Carbon Permits, Increasing Cost of Pollution

EU Slashes Carbon Permits, Increasing Cost of Pollution

Apr 05, 2014 at 09:02 | Charles Kennedy

The European Union’s move to prop up the price of carbon pollution in its greenhouse gas trading market could result in significant increases in carbon prices. The EU slashed in…

World Entering “Golden Age of Gas”

World Entering “Golden Age of Gas”

Apr 03, 2014 at 15:03 | James Burgess

Bloomberg published a lengthy article on the proliferation of shale gas drilling around the world, with interviews from top oil and gas executives. Drillers are trying to replicate the…

Merkel Pulls Back on Wind Power Cuts

Merkel Pulls Back on Wind Power Cuts

Apr 03, 2014 at 15:01 | Charles Kennedy

In an effort to gain political support for her energy policies, German Chancellor Angela Merkel has agreed to make smaller cuts to wind power assistance than she previously wanted.…

China Plans More Electric Vehicle Support

China Plans More Electric Vehicle Support

Apr 03, 2014 at 14:59 | Joao Peixe

China announced plans to support greater adoption of electric vehicles by exempting buyers of EV’s from paying a sales tax. Vice Premier Ma Kai said that past incentives have…

Problems Mount at Kashagan Oil Field

Problems Mount at Kashagan Oil Field

Apr 02, 2014 at 17:22 | James Burgess

The massive Kashagan oil project in the Caspian Sea has suffered from huge cost overruns and delays, and the problems do not seem to be going away. It now appears…

Marcellus Becomes More Profitable

Marcellus Becomes More Profitable

Apr 02, 2014 at 17:19 | Charles Kennedy

A new report from Moody’s suggests that producers that got in on the Marcellus shale early, and weathered several years of low prices, are now very well positioned in…

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