Oil & Gas Industry

Nigeria is addicted to oil—here's how it can, and must, change

Nigeria is addicted to oil. The oil industry contributes around 70 percent of Nigeria’s government revenue and over 90 percent of export earnings. …

Peak Oil

Noise is the biggest source of oil and gas complaints in Colorado

To find the biggest fault line in the clash of homes and oilfields in Colorado, listen for the rumbles.“Noise is continuous,” one resident in La …

Oil and Gas

Fin24.com | Oil and gas should be priority for SADC - Zuma

The discovery and use of natural gas should form the backbone of regional economic integration among the SADC countries, says President Jacob Zuma.

Africa

Why Shell Midstream Partners Is A Buy

The MLP space has been under pressure as a number of oil and gas pipeline operators are finding it difficult to sustain distributions.<p>Shell Midstream …

Royal Dutch Shell

A 9% Yield, Record Earnings, Very Strong Coverage, And More Growth Due In 2017 For This Niche LP

This solid niche leader posted record revenues, EBITDA, and cash flow for Q2 '17.<p>The yield is 9%, with record 1.43x coverage in Q2 '17.<p>Revenues grew …

Royal Dutch Shell

Shell lifts its first crude cargo from Libya in five years - industry sources

DUBAI (Reuters) - Royal Dutch Shell (L:RDSa) has lifted a cargo of 600,000 barrels of crude oil from Libya's Zueitina port, its first from the …

Royal Dutch Shell

US news | Page 467 of 6384 | The Guardian

Estimated 20bn barrels of oil found in Texas’s Permian Basin, three times larger than the Bakken oilfields of North Dakota, could be worth as much as $900bn

Permian Basin

Citigroup tops bank group for Petrobras unit IPO - source | Reuters

This story has not been edited by Firstpost staff and is generated by auto-feed.<p>Published Date: Aug 19, 2017 05:30 am | Updated Date: Aug 19, 2017 …

Petrobras

IOC and Odisha govt strike deal on tax incentives for Paradip oil refinery

By: PTI | New Delhi |<p>Indian Oil Corp (IOC) and the state government agreed to the revised terms at the meeting called at the behest of Oil Minister …

Oil Refineries

U.S. oil rig count decreases by 3 this week to 946

HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 946.A year ago, just 491 rigs were …

Oil

Oil And Gas ETF Industry Outlook

<b>Crude Oil</b><p>Last year, 'Energy' was the strongest S&P sector performer with a market-thumping 24% return. In particular, November's historic OPEC-led …

Oil

Running For The Exits: Peak Oil Demand

A terminal price decline in oil is inevitable.<p>Trends in EV cost, ICE efficiency, and driverless cars will cripple oil demand.<p>The price decline we …

Peak Oil

Can The Permian Keep Growing At $50 Oil?

The Permian Basin has been the main reason U.S. oil production has not declined significantly.<p>The recent ramp-up has come with predictions of growth …

Permian Basin

ExxonMobil's Management Explains Why Investors Shouldn't Worry About Declining Production -- The Motley Fool

ExxonMobil's suite of new development projects should provide plenty of very profitable growth for the foreseeable future.<p>Over the past few years,</b> …

Permian Basin

Chevron's Management Thinks It Can Accomplish 2 Conflicting Goals at the Same Time -- The Motley Fool

The fossil fuel giant thinks it can significantly grow its production and lower capital spending at the same time. Can its Permian Basin assets make …

Permian Basin

Court rules New York had power to deny key pipeline permit

ALBANY, N.Y. (AP) — New York's authority to block construction of a major natural gas pipeline by denying a key permit has been upheld by a federal court.<p>The U.S. Court of Appeals on Friday rejected the Constitution Pipeline company's argument that the state Department of Environmental Conservation …

Business

Anishinaabe student from Ottawa arrested at blockade of oil exploration site

Freddy Stoneypoint, 29, charged with mischief, theft, break and enter; bail decision expected Friday<p>An Indigenous man from Ottawa arrested by police …

Oil Exploration

UK is 55 million years too late for fracking to work, says expert

The geology of the UK is unsuitable for fracking and the opportunity of the new energy source has been "overhyped", a geoscience expert has …

Fracking

Big Oil Stocks Nearing Capitulation - Get Your Buying List Ready

Wednesday's bullish oil data was a sell-the-news, short-term event.<p>The Saudi's will continue to do their part to prop up oil prices for the Saudi …

Royal Dutch Shell

Efforts mount to expand U.S. offshore drilling

After a rebound in the value of high bids for oil and gas acreage in the Gulf of Mexico, industry supporters said it was time to push for greater …

Offshore Drilling

Power grid operator offers alternatives to natural gas plant at higher cost

The manager of California’s electric grid told state regulators that clean energy could be substituted for a proposed natural gas plant in Ventura County but at a higher cost.<p>A 46-page report issued late Wednesday by the California Independent System Operator offered three alternatives to building …

Energy

Big Oil Urges Trump Not to Levy Economic Sanctions on Venezuela

As the political, social and economic fabric in Venezuela continues to disintegrate, the U.S. is reportedly mulling implementing stronger sanctions …

Venezuela

Oil prices fall amid broader market selloff, despite tightening supplies

SINGAPORE (Reuters) - Oil prices fell early on Friday as part of a broad-based selloff across markets and despite signs that crude markets are …

Oil

Brazil Car Wash graft probe widens to include U.S., Greek firms

RIO DE JANEIRO (Reuters) - Brazilian authorities widened their Car Wash graft probe on Friday to include more international targets, ensnaring U.S. asphalt maker Sargeant Marine, six Greek shipping companies and a former Brazilian congressman.<p>"These operations leave a clear message: foreign firms …

Petrobras

Inferno extinguished at major PetroChina refinery in Dalian

A huge fire that broke out on Thursday at a major PetroChina (PTR +0.8%) refinery in northeastern China reportedly has been extinguished by more than …

Oil Refineries

Alberta trade minister says NAFTA talks no threat to oil and gas industry

Alberta's minister of trade says Canada's oil and gas industry has little to worry about as wide-ranging North American trade negotiations get …

Oil and Gas

David gambled with Goliath in a landmark North Slope oil lease fight. Goliath won.

In 1967, a Fairbanks man gambled on the oil and gas rights to nearly 5,000 acres on the North Slope. The cost? About $1 an acre.<p>A year later, after …

Oil

Are We There Yet?

Overview of the current markets.<p>In-depth look at statistics available from the Federal Reserve.<p>A look at the initial signs of the market</i> …

Peak Oil

Nigeria: Oil Production At $32 Per Barrel Too High - Minister

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has decried the high cost of oil production at 32 dollars per barrel, saying it makes …

Oil

Brazil to swap environmental fines for recovery works, benefiting Petrobras

Brazil will allow environmental offenders to exchange fines for recovery works at a discount, the environment minister says, in an attempt to reduce …

Petrobras