Eastern Mediterranean’s energy ministers meeting in Cairo on January 14 has resulted in a turning point announcement for the region’s energy industry. Seven officials representing Egypt, Cyprus, Greece, Israel, Italy, Jordan and…
Shale boom cuts price of gas to record low
In west Texas last week, you could not give gas away, as prices dropped to record lows. Companies trying to offload natural gas at the Waha hub, in the booming shale oil…
OPEC+ oil production cuts, possible US-China trade deal boost oil prices
Urquhart Stewart tells New Europe that Russia could pull out of the latest agreement on cutting output, which would weaken oil prices. Supply cuts led by the Organization of Petroleum Exporting Countries…
Saudi Aramco’s $111bn profits dwarf those of mega-rivals
First glimpse of finances puts Apple and Shell in shade but raises issue of company-state inter-reliance Saudi Aramco has for the first time disclosed the financial performance it has kept secret for…
Navigant: Solar plus storage turning variable green power into a dispatchable resource
Storage-plus-renewable energy projects, in particular solar, are expected to play an important role as electric utilities develop their strategies for the gird of the future. The risk and cost associated with battery…
Trump Doubles Down on Keystone Oil Pipeline With New Permit
President Donald Trump issued a new permit for TransCanada Corp.’controversial Keystone XL pipeline Friday, circumventing a court ruling that blocked a previous authorization by his State Department. The move aims to undercut legal…
From Texas to the world: A flood of US crude oil exports is coming
Bloomberg/Houston Driving his pick-up truck through the heartland of the Permian basin – the vast tract of west Texas scrub where one of history’s greatest oil booms means miles-long traffic jams –…
Ocean LNG to offtake and market Golden Pass LNG volumes
Doha Qatar Petroleum announced Sunday that Ocean LNG will be responsible for the “offtake and marketing” of all LNG volumes to be produced and exported from the Golden Pass LNG Export Project…
US oil drillers ease off as services companies forecast major cutbacks
Crude explorers cut activity in the US oil patch for the sixth straight week as major oilfi eld services companies painted a gloomy picture for activity in 2019. Working oil rigs fell…
Texas Oil Production Falls for the First Time in a Year
Texas, home to the largest U.S. shale play, saw oil production slip in January for the first time in a year, as pipeline bottlenecks in the Lone Star state prompted drillers to…