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Oil & Gas Trade
Crude Oil Futures Were Higher During Mid-Morning Trade in Asia
Crude oil futures were higher during mid-morning trade in Asia Tuesday, amid an expected fall in US crude inventories last week, while market participants were …
Oil and Gas Equipment
China's CNOOC Aims to Take a Stake in Ugandan Oil Pipeline
Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said …
Oil & Gas Trade
US Sanctions Have Taken 95% of Iranian Crude Oil Exports Off The World Market
In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed in May, have had seemingly no impact on global crude oi…
Oil & Gas Trade
Britain' s Seizure of an Iranian Oil Tanker in Gibraltar is a Violation of the Nuclear Deal
Britain's seizure of an Iranian oil tanker in Gibraltar is a violation of the 2015 nuclear deal, Abbas Araqchi, a senior member of the team who negotiated the d…
Oil & Gas Trade
China’s Customs Authorities Show Iranian Oil Imports Declined Further in June
The latest figures issued by China’s customs authorities show Iranian oil imports declined further in June reaching a low of 208,205 barrels per day, down 60 p…
Oil&Gas Drilling
Is the United States Really Energy Independent?
Like Iran, we have a refinery problem. Is the United States really energy independent? Is Iran? As the two nations inch toward confrontation, the complexity of …
Oil&Gas Drilling
Natural Gas Flares are Still Wasteful and Environmentally Harmful
When companies drill for oil, the process can also release natural gas (primarily composed of methane) as a byproduct, called associated gas. For safety reasons…
Shale Gas
Harmful Air Emissions Could Increase From Shale Gas Production
Harmful air emissions could increase from shale gas production through fracking in Europe, despite natural gas releasing fewer pollutants than other fossil fuel…
The European Investment Bank Proposes to Stop Considering New Loans to Fossil Fuel Projects
The European Investment Bank proposes to stop considering new loans to fossil fuel projects, including natural gas infrastructure, from the end of 2020, it said…
Oil&Gas Drilling
Oneok to Boost Bakken Gas Processing Plant's Capacity by 200 MMcf/d
In order for the Bakken Shale to continue growing oil production, natural gas capture and processing capacity must catch up to the increasing volumes of the ass…
Oil & Gas Trade
Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd
Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern…
Oil & Gas Trade
Excess Output and Slowing Domestic Demand Forces China to Export Petrol Cargoes
A wave of new production and slowing domestic demand have forced China to export petrol cargoes to Nigeria and Mexico as the Asian country ramps up petrol expor…
Oil&Gas Drilling
America' s Biggest Owner of Drilling Rigs Said Shale Drilling Fell the Most in Seven Months
Three months ago, when Helmerich had 220 of its rigs hired out, CEO John Lindsay told investors the second quarter would be the nadir for his fleet. But after t…
Harmful Air Emissions Could Increase From Shale Gas Fracking in Europe
Harmful air emissions could increase from shale gas production through fracking in Europe, despite natural gas releasing fewer pollutants than other fossil fuel…
Fossil Fuels Now Provide 79.4 Per cent of Overall UK Energy Mix
Oil, gas, and coal now provide 79.4 per cent of overall UK energy mix, while renewables' role hits record high, official government statistics reveal.
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