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Oil & Gas Trade
Trump Baffles with Claim to have Taken Control of Mideast Oil
Trump made the comments twice on Friday -- first in a tweet proclaiming “The U.S. has secured the Oil,” and later while discussing the temporary cease-fire re…
Oil&Gas Drilling
Shell Egypt to Sell Western Desert Assets to Focus on Expanding Offshore Gas Projects
A source in the oil sector told Daily News Egypt, that Shell has begun to exit globally from the activity exploration and production in onshore areas, to focus …
Coal Technology
China Will help Pakistan Turn Thar Coal into Diesel
The Shenhua Ningxia Coal Industry Group, a subsidiary of China’s biggest coal producer, the Shenhua Group, has already successfully installed the project to co…
Oil & Gas Trade
Iran Says U.S. Fails to Halt Iran's Oil Industry Development
Iranian Petroleum Minister Bijan Namdar Zanganeh said the United States has failed to exert pressures on Iran through sanctions against the country's oil indust…
LNG
ENI: Libya Has Large Reserves Of Natural Gas
Rome, 20 October 2019(Lana) The Executive Officer of the Italian Eni Group Claudio Descalzi said 'Libya along with the east Mediterranean is an important region…
Crude
Russia Sells Crude Oil at Record Premiums
Soaring freight rates in the past two weeks prompted Asian buyers to bid up for cargoes that ship over shorter distances such as oil from Russia.
Oil Price
Saudi Arabia's Best Bet Is to Crash the Price of Oil
Saudi Arabia should give up trying to manage the global crude market and return to the pump-at-will policy it briefly adopted in 2014 under its longest serving …
Oil & Gas Trade
U.S. Oil Major Chevron Says Hopeful About Maintaining Venezuela Presence
U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oi…
MIT and Eni Renew Low-Carbon Energy Research Collaboration
Italian oil and gas company Eni and the Massachusetts Institute of Technology (MIT) have extended Eni’s tenure as a Founding Member of the MIT Energy Initiativ…
LNG
Saudi Aramco, ACWA Power to Invest $3 Bln to Build LNG Plant And Terminal in Bangladesh
The Bangladesh prime minister's investment adviser, Salman Fazlur Rahman, said the agreement "represented one of the largest deals in Bangladesh's lucrative pow…
Shale Gas
The Warning Signs Are Flashing For U.S. Shale
U.S. oil production growth has slammed on the breaks, as low prices and the loss of access to capital markets has forced a slowdown in drilling.
Wind Power Project
Wind Project Backed by Warren Buffett Leadering New Grid-Scale Weind Generation in Alberta
Construction work on a 117.6-megawatt (MW) wind farm in the oil-rich province of Alberta, Canada, will start next year.
LNG
South Korean LNG Imports Hit 2-year Low in September
South Korean LNG imports fell to their lowest monthly level since 2017 in September, tumbling 25% year on year, latest customs data showed.
Will the Oil Industry Help Address Climate Change?
Many climate scientists warn that if we don’t change course the planet will warm by as much as 6 degrees Celsius, according to an article prepared by NASA’s J…
LNG
Global Oil And Gas Majors Are Looking to India's Demand for LNG
Global oil and gas majors are looking to India, the world's third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asi…
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