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Trial against Eni, Shell Begins
The trial against Shell and Eni, along with several executives from the two supermajors has started. They are accused of bribery in a Nigeria...- Marina Schwarz Replied
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- 2,779 views
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Oil Workers Win Millions
Could Canada's dire oil position get any more dire? Yes, indeedy. Thirty-one Canadian oil refinery workers just won $60 million in the lottery and...- Rodent Replied
- 3 replies
- 1,828 views
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China Adds Brunei To New Silk Road - Oil, Influence And “Belt and Road” Initiative
China has a big plans with Brunei. Brunei’s oil and gas reserves are expected to run out within two decades. When completed, the first...- damirUSBiH Replied
- 5 replies
- 3,807 views
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Climate Change Report Slamming Exxon Debunked?
Professor slams last year's study that concluded Exxon knew about effects of oil industry on environment and did nothing. Reasons cited include bias, lack...- Rodent Replied
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- 1,213 views
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Oil Major Total expands in Libya, Buys Marathon's Waha Stake For $450 Million
French energy company Total substantially raised its presence in Libya with the purchase of a 16.33 percent stake in Libya’s Waha concessions from U.S....- Petar Replied
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- 2,100 views
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Exxon to end Russia joint ventures
Oil exploration project between Exxon Mobil and a Russian government-owned oil company Rosneft will be abandoned by Exxon after United States government sanctions prevented the venture...- Stephen Replied
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- 3,051 views
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First Nations Eye Bigger Stakes in Oil
First Nations in Alberta are vying for higher stakes in the local oil and gas industry by buying interests in oil wells and--the horror--in...- Marina Schwarz Replied
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- 1,787 views
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Chevron Boasts Resilience to Climate Change Effects
Chevron says its business won't suffer from climate change measures at least until 2040. The company cites the IEA's three scenarios on the possible...- Marina Schwarz Replied
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- 1,318 views
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War on Plastics Rages On
Now a whole aisle in a grocery store in Amsterdam is plastic-free. Trend or fad? https://www.cnbc.com/2018/02/28/war-on-waste-plastic-free-shopping-aisle-opens-in-amsterdam-supermarket.html- Rodent Replied
- 3 replies
- 2,120 views
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US Gasoline Demand Down in 2017
American gasoline consumption fell for the first time in five years in 2017 (by .0006%). Bloomberg "blaming" it on illegal immigrants who stopped driving...- Rodent Replied
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- 1,819 views
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Plan To Truck oil from Iraq's Kirkuk to Iran Delayed By Security Concerns
Iraq and Iran have agreed to swap up to 60,000 barrels per day of crude produced from Kirkuk for Iranian oil to be delivered...- damirUSBiH Replied
- 3 replies
- 2,061 views
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OPEC hits 149% compliance!
WOWZERS. OPEC hits 149% compliance on the back of Libya and Venezuela, and the most from the UAE. WTI and Brent still down massively...- Rodent Replied
- 3 replies
- 1,841 views
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California City Sues Its Biggest Taxpayer, Chevron
Chevron is the biggest taxpayer and employer in Richmond, California. The city is suing it (again) on allegations that it is destroying its future...- Marina Schwarz Replied
- 5 replies
- 3,451 views
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South Sudan threatens to shut down oil production
Meet South Sudan's latest problem (as if they needed a new one). "South Sudanese lawmakers have accused the consortium running the country’s last working...- Rodent Replied
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- 1,572 views
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US Sanctions on Russia Squeeze out Exxon
Exxon is going to quit its Russian JVs after sanctions freeze by US.- Rodent Replied
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- 1,399 views
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US oil drillers to get another boost from decreased royalty rates
"A U.S. Department of the Interior committee voted on Wednesday to recommend to Secretary Ryan Zinke that the agency lower royalty rates for federal...- Addy Replied
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- 1,443 views
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- 5 replies
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South Korea Nixing Coal
South Korea said it will shutter 5 coal plants in Q2 2018 in an effort to reduce smog and such. But what I don't...- Rodent Replied
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- 1,576 views
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Russia, Angola Biggest Suppliers of Oil to China in January
Trying to get a handle on gains and losses in oil market share to China ... See numbers for Jan show Russia and Angola...- LAOIL Replied
- 2 replies
- 1,933 views
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Does OPEC have an exit plan from production cut?
Saudi oil minister Khalid al-Falih said that he hopes that OPEC can relax the production limits next year, while putting in place a more...- Harsh vardhan singh Replied
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- 2,040 views
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How High Will Oil Go If Shale Boomers Stop Ramping Up?
Just a random thought in light of record-high production in the U.S. and record-high net longs on oil. If traders start selling, WTI could...- Marina Schwarz Replied
- 3 replies
- 1,997 views
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US Sanctions for Libya's oil smugglers
Missed this a couple of days ago, but the US has slapped sanctions on 6 people, 24 companies and a handful of vessels for...- Kate Turlington Replied
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- 1,780 views
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Nigeria Gives Up on $74B
This article estimates that Nigeria has forfeit about $74 billion by not prosecuting fraud cases, mostly involving the oil industry. http://saharareporters.com/2018/02/15/‘10-corruption-cases-can-fetch-nigeria-745billion-n25trillion’-falana Will they ever have the...- Rodent Replied
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- 1,976 views
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Dinner with OPEC?
Barkindo is planning to have dinner with U.S. shale company executives on Monday in Houston. I'm less excited about the news of this, and more...- Rodent Replied
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- 2,801 views
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No Worries About Ownership of US-based Citgo
US investors looking to snap up US-based Citgo to keep it out of Russian hands. How likely is it really that it would fall...- Rodent Replied
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- 1,655 views
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The biggest global energy conspiracy
British Energy and Clean Growth Minister: Claire Perry US Energy Secretary Rick Perry COINCIDENCE? I think not.- Rodent Replied
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- 1,726 views
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Venezuela's Next Threat: No Naphtha
US may stop sending Naptha to Venezuela--they need this to mix with their heavy oil or it doesn't flow in the pipelines. This would...- Rodent Replied
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- 1,414 views
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Nigeria cancels billions in refinery maintainence
I'm not sure I understand. Nigeria canceled a $1.8 billion project to conduct some DESPERATELY needed refinery maintenance. But I don't understand. What is...- Rodent Replied
- 2 replies
- 2,350 views
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Tax Fears: More Bad News for Chinese Oil Demand
Chinese refiners are holding back on buying crude on tax reform fears. This on top of warnings that oil demand growth in the country...- Marina Schwarz Replied
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- 1,864 views
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Three Surprising Outcomes from Higher Oil Prices
Shale investors are still waiting for some payback, Iran and Venezuela are no better economically than they were two years ago, and OPEC is...- Marina Schwarz Replied
- 0 replies
- 1,499 views