In Venezuela, oil production has fallen by over half in past 20 years Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil [Read more]
Canadian mining company, MGX Minerals, has staked a claim to mineral rights on large parcels of federal land in Utah, hoping to tap lithium deposits from oil field drilling wastewater. Lithium extracted from drilling wastewater [Read more]
The injuction will be upheld until a new arbitration board hears the grievance The Alberta Court of Appeal has upheld an injunction on random drug testing of Suncor employees in the Regional Municipality of Wood [Read more]
Citing an early exit from some projects with Rosneft due to 2014 sanctions imposed on Russia by the US and European Union, Exxon recorded a $200 million after-tax loss in the final quarter of 2017. Sputnik [Read more]
According to a report by Reuters, new sanctions against Venezuela may affect a military-run oil services company, and restrict insurance coverage for Venezuelan crude shipments. Xinhua / SIPA USA / TNS photo. Sen. Marco Rubio pushing [Read more]
Mayor of Rome Virginia Raggi said “If we want to intervene seriously, we have to have the courage to adopt strong measures”. Nearly all of the pollution in Rome is caused by motor vehicles On [Read more]
US crude production hit an all time high in November, rising to 10.057 million barrels per day, before retreating slightly in December, according to the US Energy Information Administration. Anadarko photo. November 2017 US crude [Read more]
OPEC Secretary General Mohammad Barkindo, other OPEC officials will meet with US shale companies in Houston to talk about the global oil glut. OPEC photo. Rising US shale production helped boost overall US output to [Read more]
Exxon Papua New Guinea LNG plant had to be shut down after power infrastructure on the southwestern Pacific island was damaged in a 7.5 magnitude earthquake early Monday morning. Papua New Guinea Today photo by [Read more]
Canadian oil and natural gas investment dropped 19% in 2017 from previous year levels A new economic report released by the Canadian Association of Petroleum Producers(CAPP) claims that rising government costs, the burden of inefficient [Read more]
A decline in spending since 2014 due to weak energy prices could create an LNG demand boom beginning in the mid 2020s. Shell photo. LNG demand expected to hit 500 million tonnes per year by [Read more]
Papua New Guinea earthquake struck early Monday morning, causing landslides, damaging buildings and closing oil and LNG operations in the southwestern Pacific country. Storyful photo by Baundo Mereh. Papua New Guinea earthquake shuts down Exxon Hides [Read more]
Libyan oil smugglers are driving instability in the OPEC nation, according to the US Treasury Department. Reuters photo by Aidan Lewis. Libyan oil smuggling sanctions imposed against six people, 24 companies, seven vessels The United [Read more]
Natural gas imports accounted for 40% of Chinese gas use , and LNG made up over 50% of imports China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in [Read more]
Encana RAB Davidson is spread over 16 acres and is made up of over 1 million pounds of drilling rigs, bulldozers, tanker trucks and other oilfield equipment. Encana photo. “Cube development” by Encana taps multiple [Read more]
OPEC data shows oil inventories in developed OECD economies are now 74 million barrels over their five-year average. In January 2017, crude stocks were 340 million barrels over the five-year average. Financial Tribune photo. Participants [Read more]
Luis Almagro, head of the Organization of American States, says Venezuelan sanctions targeting oil industry would be in response to the South American country’s repressive political climate. El Comercio photo. Proposed Venezuelan sanctions on oil [Read more]
With existing technology, amount of remaining marketable natural gas estimated at 1,225 trillion cubic feet Canadian marketable natural gas production has remained steady in the last few years despite declining natural gas prices since 2014, according to [Read more]
Trump offshore drilling plan announced in late January would see federal waters off nearly every state opened to oil and gas drilling. Getty Images photo by David McNew. Trump offshore drilling plan not “in the [Read more]
OPEC’s Secretary General Mohammad Barkindo floated the idea of institutionalizing the OPEC supply cut agreement in October, 2017. OPEC photo. OPEC supply cut agreement began in January 2017 United Arab Emirates’ Energy Minister Suhail Al [Read more]
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