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Oil
Oil & Gas Trade
Iran to take Part in OPEC Meeting in March
Oil Minister Bijan Namdar Zanganeh said that Islamic Republic of Iran will participate in upcoming meeting of the Organization of Petroleum Exporting Countries …
Teck Resources Drops Plans for $15.5bn Frontier Oil Sands Mine Project
The announcement comes just days ahead of a decision scheduled to be taken on the approval of the Frontier Oil Sands Mine Project by the Canadian cabinet.
Oil & Gas Trade
US hits Russian Firm in Bid to Squeeze Venezuela
The United States imposed sanctions on a subsidiary of Russian state oil major Rosneft and its president on Tuesday for allegedly helping the Venezuelan gover…
Carbajal Introduces Bill to Halt Future Oil and Gas Drilling
Rep. Salud Carbajal (CA-24) introduced the California’s Land Preservation and Protection Act to place a moratorium on fracking and new oil and gas drilling o…
Oil&Gas Drilling
UAE’s Latest Natural Gas Discovery Is A Gamechanger
The Persian Gulf is, without doubt, the most prominent oil and gas production area in the world. After decades of intensive exploration and production, the regi…
Oil&Gas Drilling
Saudi Aramco Announces Regulatory Approval of Al-Jafurah Gas Field
Saudi Aramco on Saturday announced the regulatory approval of the development of the Al-Jafurah unconventional gas field in the Eastern Province, the largest no…
Oil & Gas Trade
US Slaps Sanctions on Russian Oil Company Trading with Venezuela
The Trump administration Tuesday imposed economic sanctions on Rosneft Trading SA, a Geneva-based subsidiary of Russia’s state-owned oil giant, charging it wit…
Fossil Fuel Companies Have Had Even Worse Impact on Climate Change
The oil and gas industry has had a far worse impact on the climate than previously believed, according to a study indicating that human emissions of fossil meth…
Oil & Gas Trade
Guyana Celebrates 1st Oil Shipment after Major Discovery
Guyana's government on Thursday prepared to sell its first barrels of oil after the discovery of large quantities of oil and gas near the South American country…
Crude
Shell Looks To Expand Mars Crude Pipeline System
Shell Midstream Partners LP (NYSE: SHLX) announced that it is considering expanding its 163-mile-long Mars crude oil pipeline in the Gulf of Mexico, the company…
Oil & Gas Trade
Sanctions on Rosneft Unit Threaten Venezuela’s Vital Oil Trade
U.S. sanctions on Rosneft Trading SA threaten to hit Venezuela’s ability to export oil, choking off the main source of cash for Nicolas Maduro’s regime and po…
Oil and Gas Technology
India to Switch to World's Cleanest Petrol, Diesel from April 1
India will switch to the world's cleanest petrol and diesel from April 1 as it leapfrogs straight to Euro-VI emission compliant fuels from Euro-IV grades now - …
Energy storage technology
Can The U.S. Compete With China In The Energy Storage Race?
Last year Oilprice reported that the energy storage industry was about to explode in China. We wrote that “China is set to become the single biggest energy sto…
U.S. Sanctions Rosneft Unit for Ties to Venezuela Oil Production
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA,…
US Takes Aim at Russian Oil Giant Rosneft to Press Venezuela
The United States on Tuesday imposed sanctions against a subsidiary of Russian state-controlled oil giant Rosneft over its key role in Venezuela, stepping up in…
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