The crude oil production cut deal that OPEC, Russia, and several other producers agreed to late last year could get yet another extension. This extension would push the deal beyond…
Saudi Arabia’s Aramco said yesterday that it will raise the October price of its Arab Light crude oil blend for Asian clients by US$0.55 a barrel to a premium…
As refineries along the Gulf Coast started returning to normal operations after Hurricane Harvey, WTI prices inched up despite a sluggish trading session yesterday due to Labor Day. At around…
An open military conflict in Northern Asia would disrupt more than a third of global seaborne crude oil trade, Wood Mackenzie warned last week amid yet another escalation between…
The people along the coast of Texas are trying to assess the implications of the toxic stew that Hurricane Harvey unleashed, with exploding chemical plants and flooded superfund…
It is doubtful that there could be a less appropriate time to increase Russian gas exports to Europe, yet that is exactly what Gazprom is doing. Despite sanctions from both…
Western Europe’s biggest oil and gas producer, Norway, is holding a general election next week—the outcome of which will be largely determined by the oil policies and oil-related economic issues…
Mexico’s Energy Regulatory Commission (CRE) released its first monthly price report on August 18, 2017. As part of its ongoing series of energy reforms that reduce government market controls, the Mexican…
Fundação de Amparo à Pesquisa do Estado de São Paulo researchers found the use of ethanol in vehicles reduces pollution by significantly lowering the number of nanoparticles emitted. Levels of ultrafine particulate…
The Permian is the heart of modern oil and gas activity, with well over 300 rigs operating and tremendous growth set to continue. But companies need to continuously drill new…
By 2034, natural gas will overtake oil as the main source of energy, and by 2050 it will be the single largest such source globally, satisfying 27 percent of demand.…
Although oil prices are now half what they used to be three years ago, Big Oil is better positioned now than it was when oil prices were sky high, Michele…
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks. The…
This week Egypt signed three major exploration deals with oil giants Royal Dutch Shell and Apex worth at least $81.4 million. The hefty international contracts will kickstart a large-scale oil…
When the Mississippi Public Service Commission earlier this year asked Southern Co. to pull the plug on its plan to turn the Kemper power plant into a clean-coal, carbon-capturing facility,…
Constructing a nuclear power plant is investment and time intensive. Total costs are sky high and timetables between project proposal and actual construction and operation are unpredictable. Two cases in…
Imagine the setting. A conference room full of senior politicians. "The tapes are bad", one says. “A lot of stuff about bribes”. Another adds, "Yeah, and we're polling in…
210-420 Bcf recoverable not enough in Barents Sea Statoil (ticker: STO) reported the results of its first well in the Korpfjell prospect, an exploratory well in the Barents Sea. The…
Rising demand for electricity and a commitment to reduce reliance on hydrocarbons are driving strong growth in Mexico’s renewable energy sector, a push that could bring particular benefits in…
(Click to enlarge) Harold Hamm, Chairman of Continental Resources (ticker: CLR) sees attractive long-term growth prospects in global gas demand, the Financial Times reported…