From the Denver Business Journal
Colorado legislative Democrats who broadly have made oil and gas regulation a key goal for the 2019 session have begun to narrow their aims to two specific goals — changing the mission of the Colorado …
It’s never ideal if you own a fleet of crude tankers and the world’s oil producers remove millions of barrels of cargo from the market to avert a glut. Nor is a collapse in charter rates normally the …
There will be no seismic exploration this winter on the coastal plain of the Arctic National Wildlife Refuge, the Interior Department said on Friday, after the company seeking permission to conduct the tests ran out of time to …
From IEEFA
The Argentine government’s plan to develop the massive Vaca Muerta oil and gas reserves in northern Patagonia has hit a major obstacle. The success of the plan requires the Argentine government to …
Canada’s struggling oil industry is looking to what is known as partial upgrading technology to thin its sludge-like crude and squeeze more of it through congested pipelines.
It is the latest effort by the Alberta provincial government to …
Natural gas flows to U.S. liquefied natural gas export terminals were expected to increase in coming days after collapsing to their lowest level in almost a year as fog clears along the Gulf Coast, according to analysts and …
Romanian-based Black Sea Oil & Gas, controlled by private equity firm Carlyle Group LP, said on Thursday it has decided to go ahead with its $400 million offshore gas project in Romania, the first such project to be …
Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri.
Heavy Western Canadian Select for March traded at $10.30 below the calendar average for West Texas Intermediate crude …
As Iran’s Islamic Republic enters a fifth decade, its energy industry has little to celebrate. The country’s crude output has yet to recover to pre-revolution levels and is unlikely to do so for many years, even without U.S. …
Clashes resumed near Libya’s biggest oil field, a day after eastern military commander Khalifa Haftar said his forces had reached the deposit in a push to secure the southwestern region and its energy installations.
Haftar’s self-styled Libyan National …
Mexico, Uruguay, EU officials meet over Venezuela crisis
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From the Houston Chronicle
HACKBERRY, La. — More than 8,000 people are working day and night to bring the Gulf Coast’s third liquefied natural gas complex into operation within the next few months as global demand for LNG grows and …
Suncor Energy Inc, one of Canada’s biggest oil producers, expects the province of Alberta to end mandatory production curtailments ahead of schedule as they have caused a price boost that makes rail shipments uneconomic, Chief Executive Officer Steve …
Russia’s Gazprom is looking to gain an even larger gas market share in Europe following record-high 2018 exports, expecting a decline in Europe’s gas output combined with rising demand, a senior manager at the company said.
Last year …
Colorado’s new Democratic majority has vowed to make big changes to how companies drill for oil and gas. Tension between drillers and residents have bubbled for years and culminated in a failed statewide ballot fight last …
From Bloomberg
Less foreign oil is reaching American shores, as OPEC production cuts kick in and U.S. sanctions on Venezuela curb …
Activist shareholders Toby Rice and Derek Rice, locked in a public battle for control of EQT Corp. laid out in greater detail their plans for the Pittsburgh-based driller. The Rices claimed EQT’s management and board …
New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business.
Central to this new strategy are efforts to find an ally …
U.S. oil refiners won’t be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the Latin American nation.
U.S. Treasury Department officials have informed some companies that previously contracted cargoes …
Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years.
While U.S. sanctions on Venezuela threaten to accelerate an already steep slide in production, neighboring Guyana’s output is poised to …
BP PLC tripled its annual earnings and swung to a fourth-quarter profit on increased output and higher crude prices, in line with other major oil companies that registered boosts on their balance sheets last year.…
Saudi Arabia and its Persian Gulf allies are backing a formal partnership with a 10-nation group led by Russia to try to manage the global oil market, according to OPEC officials, in an alliance that …
From The Hill
President Trump is picking David Bernhardt, a former energy lobbyist, to be the Interior Department’s next secretary.
“I am pleased to announce that David Bernhardt, Acting Secretary of the Interior, will be nominated as Secretary of the …
China’s imports of liquefied natural gas (LNG) rose to another monthly record in January, even as the country grapples with high gas inventories amid a warmer-than-usual winter, according to shipping data and industry sources.
The world’s second-largest LNG …
British chemical manufacturer Ineos has called on the UK government to change its ‘unworkable’ rules on gas fracking which it says could force the closure of the industry.
Ineos has the largest shale gas license acreage in Britain …
Russian oil output declined to 11.38 million barrels per day (bpd) in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal’s target, Energy Ministry data showed …
The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil.
Texas and …
A natural gas supply disruption forcing Michigan residents to lower thermostats and automakers to suspend operations could bolster President Donald Trump’s effort to keep coal plants operating possibly by invoking national security powers.
The episode began Wednesday when …
Venezuela’s Citgo Petroleum Corp. is considering various options, including filing for bankruptcy in the U.S., to protect its operations amid a fight between the Trump administration and Venezuela’s ruling leftist government over control of the …
