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Oil&Gas Drilling
U.S. Sanctions Deadline is Threatening to Clobber Venezuela's Dwindling Oil-Rig Fleet
A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s la…
LNG
The African LNG Market Holds 7.1% of Proven Global Gas Reserves
Africa is an exciting frontier in the global natural gas sector. On the demand side, Africa’s large, urbanised and industrialised societies of the future will …
Oil & Gas Trade
World's Biggest Oil Hedge May Not Happen After All
Despite its track record for turning a sizable profit from its super-secret oil hedge, Mexico may not go through with its massive hedge this year, according to …
Oil Price
US Refined Product Stocks Build Higher than Expected
Oil prices slipped on Thursday, paring earlier gains, weighed down by lingering worries about the global economy and bigger-than-expected builds in oil product …
Crude
Oil Prices held Steady After the Energy Information Administration
Oil prices held steady on Wednesday morning after the Energy Information Administration today reported a draw of 2.7 million barrels in crude oil inventories.
Oil & Gas Trade
Brazil Contracts 1.14 Billion Litres in The 68th Biodiesel Auction
Brazil's Petroleum, Natural Gas and Biofuels Agency (ANP) announced on Tuesday that almost 1.14 billion litres (301.15m gallons) have been contracted in the 68t…
Crude
BP and Glencore are Struggling to Sell Around Tainted Russian Oil
BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to …
Oil & Gas Trade
Washington' s Decision to Reimpose Sanctions on all Purchases of Iran' s Crude
The United States has removed nearly 2.7 million barrels of Iranian oil from global markets daily as a result of Washington’s decision to reimpose sanctions on…
Crude
How Much Crude Oil Has The World Really Consumed?
The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, with the top 10 consumers accounting for 60…
Wind Turbine
Three keys for Choosing and Analyzing Gear Oil in Wind Turbines
A wind turbine is only as reliable as the quality of its components, and this is particularly true of a turbine’s main gearbox. The job of the gearbox is to sp…
Hydrogen Can be Extracted from Oil Sands by Canadian Company
Scientists have developed a large-scale economical method to extract hydrogen (H2) from oil sands (natural bitumen) and oil fields.
Oil & Gas Trade
U.S.-China Trade Tensions would Ease and on Hopes, Crude Oil Prices held mostly Steady
Crude oil prices held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus meas…
Oil&Gas Drilling
CNOOC Acquires 55.55% Interest in Svenska’s Acreage Off Guinea-Bissau
FAR Limited has approved the Request for Transfer of Interest from Svenska Petroleum Exploration GB of a 55.55% participating interest in the highly prospective…
Oil & Gas Trade
The US Conveyed its“Strong Position” to the Greek Government about an Iranian Tanker
The United States has conveyed its “strong position” to the Greek government about an Iranian tanker that sailed for Greece on Monday after it was freed from…
Oil Price
US and China Provided Some Volatility to Crude Prices
Crude oil futures were higher during mid-morning trade in Asia Monday, finding support from OPEC's latest monthly oil market report while uncertainty on the ong…
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