Libya’s oil output will keep dropping day by day if major ports remain closed after clashes last month led to a political deadlock, the head of the country’s state energy producer said.
“Today, production is 527,000 barrels a …
Iran will stop oil exports from the Strait of Hormuz, the world’s most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation, a Revolutionary Guards official said.
“Any hostile attempt by …
Preparations for the public listing of Saudi Arabia’s state oil company, a centerpiece of the government’s plan to open its economy, have stalled, leaving government officials and people close to the process doubting that it …
From Reuters
China’s omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen.
It also underscores Beijing’s desire …
From Stratfor Worldview
In spite of potential global pushback against Beijing’s investments, Chinese companies will acquire control of a majority of the lithium-ion battery market, giving the country a significant …
From The Hill
Scott Pruitt will resign from his position leading the Environmental Protection Agency (EPA) on Friday, following months of high-profile controversies regarding his spending, ethics and management at the agency.
In a tweet Thursday, President Trump confirmed Pruitt’s …
Italian based energy company Eni and Norwegian based private equity investor HitecVision have announced an agreement to merge Point Resources AS into Eni Norge AS, which will be renamed as …
Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 million barrels a day.
Their joint announcement came days after U.S. President Donald Trump …
From the Corpus Christi Caller Times
Cheniere Energy’s Corpus Christi-area plant is still under construction, but there’s still a lot of activity going on.
Case in point?
Cheniere recently signed a Heads of Agreement in Washington D.C. to provide Taiwan’s …
From BayNet
Hollywood, MD – In case you missed it, this past Sunday was not only the beginning of a new week and new month but …
From Forbes
Natural Gas is getting mixed reviews when it comes to the climate cause. One side is saying that it is cutting into coal’s marketshare and thereby drastically reducing heat trapping emissions while the other is noting that it …
From WyoFile
PITTSBURGH — A federal judge sentenced Two Elk power plant promoter Michael J. Ruffatto to 18 months in prison …
Iranian President Hassan Rouhani said Tuesday his country is committed to the 2015 nuclear deal, even though it’s been abandoned by the United States.
In Switzerland campaigning to save the deal, Rouhani made clear Tehran will stick to the …
Global Partners LP (NYSE: GLP) today announced the appointment of John T. Hailer, former President and Chief Executive Officer of Natixis Investment Managers, to the Board of Directors of its general partner, Global GP LLC, effective July 1, 2018.
Mr. …
Seadrill Partners LLC said the English High Court has ruled in favor of its subsidiary Seadrill Ghana Operations Limited relating to the early termination of the West Leo contract by Tullow Ghana Limited.
Seadrill Ghana was seeking to recover standby …
Northwoods Energy LLC (“Northwoods” or the “Company”), a portfolio company of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) (“Apollo”), has appointed Nate Wells as Chief Financial Officer. In this role, he will be responsible for corporate …
McDermott International, Inc. (NYSE: MDR) announced today that Samik Mukherjee has been appointed to serve as the company’s new Executive Vice President and Chief Operating Officer (COO), effective July 3, 2018.
Samik Mukherjee, Executive Vice President and Chief Operating Officer, …
Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today announced that it has supplemented its Delaware Basin takeaway position with an additional firm sales agreement which will result in the Company’s crude oil reaching the Gulf Coast. The …
Trinidad Drilling Ltd. (TSX: TDG) (Trinidad) today announced changes to its Board of Directors. Ken Stickland, previously Trinidad’s lead director, has been appointed Chairman, and Michael (Mike) Heier, Trinidad’s Chairman and founder, has resigned.
“Mike has been fundamental to Trinidad’s …
From Bloomberg
Under U.S. pressure, kingdom boosts production by 330,000 b/d
Libyan, Venezuelan losses mean total OPEC output holds steady. Saudi Arabia’s biggest oil-production surge in five years was only enough to keep OPEC’s output steady last month, as losses …
From Financial Times
US oil …
From the Houston Chronicle
Japan’s Oaska Gas said Friday it is buying into East Texas shale gas fields, acquiring a stake from Houston-based Sabine Oil & Gas.
Osaka, which already is a buyer of liquefied natural gas from Texas, will …
From Reuters
President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.
Trump said in a tweet …
Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that Scott Kornblau has been appointed Senior Vice President and Chief Financial Officer, effective immediately.
Mr. Kornblau has over 20 years of finance and accounting expertise working in the energy industry. Mr. …
Mexico’s newly elected president López Obrador (AMLO) took more than 50% of the vote Sunday. The president-elect will assume office Dec. 1, 2018, replacing …
DISH, Texas—Twenty years ago this month, a well was drilled here that changed the world.
Nothing at the time suggested the unassuming well in this rural town north of Fort Worth would hobble OPEC, the …
From Reuters
WASHINGTON (Reuters) – Alaska Gasline Development Corp (AGDC) is preparing an equity offering for this summer and is open to partnering with a major energy firm on the development of …
