Oil

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…

Asian Markets Fall as Coronavirus Hits Earnings, Growth

China is the world's biggest importer and consumer of oil, and crude prices have been particularly sensitive to the epidemic that has spread to nearly 30 countr…

How China's oil giants are contributing to anti-virus efforts

People would have never associated China's oil giants with masks without the epidemic, said a vice-chairman of the country's state assets regulator on Tuesday.

Oil & Gas Trade

Shell Temporarily Suspends LNG Liftings from Prelude off Australia

Royal Dutch Shell (RDSa.L) has temporarily suspended cargo liftings from its Prelude floating liquefied natural gas (LNG) facility off northwest Australia while…

Oil & Gas Trade

Libya Faces Disaster If Oil Blockade Continues

Libya is facing financial disaster if the Libyan National Army does not lift the oil port blockade, the Prime Minister of the UN-recognized Government of Nation…