Category:Oil

UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline.That’s according to a new report from Oil and Gas UK (OGUK),...

The US will start exporting more oil than Russia and could potentially overtake Saudi Arabia as the world’s top exporter in the next five years.The forecast from the International Energy Agency (IEA)...

An oil spill on Massachusetts' Charles River drew a major emergency response Wednesday night, as several fire trucks and emergency vehicles, including a hazmat team, raced to help with the cleanup, 7 News Boston WHDH...

The state of Michigan and Canadian pipeline company Enbridge announced a deal Wednesday to replace controversial aging pipelines that environmental groups worried put Lakes Michigan and Huron at risk for an oil spill, The Detroit Free Press reported. Under...

They aim to reduce emissions from upstream operations to below 0.25% by 2025. Thirteen of the world’s biggest oil and gas companies have agreed a first collective target to reduce methane emissions.They have announced a goal...

The Rocky Mountain Institute recently released a report titled Decarbonization Pathways for Mines: A Headlamp in the Darkness, in which it was stated that in 2015, half of worldwide industrial greenhouse gas...

The Church of England has voted in favour of withdrawing investment from companies that aren’t doing enough to tackle climate change. The General Synod, the decision-making body for the Church, said it broadly...

The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited...

OPEC Secretary General, HE Mohammad Sanusi Barkindo, two days ago delivered a keynote address at the International Petroleum (IP) Week conference in London.  The session was moderated by Manus Cranny, Markets Editor/Anchor,...

Paris hosted recently  a joint meeting of two Working Committees (the Modern Technologies and Prospective Oil and Gas Industry Projects Working Committee and the Information and Communications Working Committee) of the International...

In December, OPEC’s production fell by 220,900 barrels a day to 33.085 million barrels a day, with the biggest drops coming from Saudi Arabia and Nigeria, according to secondary source data in...

The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming...

The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed...

Demand for oil and gas will continue to grow for the next few decades and any fall in capital investment for the industry will cause "spikes" in prices and affect the global...

OPEC Secretary General, HE Mohammad Sanusi Barkindo, has been named ‘Man of the Year’ for 2016 by The Daily, the leading African online newspaper. The Daily explained: “This year,” the letter announcing the...

Shell has signed an agreement with Vitol Africa B.V. to sell its 20% shareholding in Vivo Energy for US$250 million. Completion of this transaction is expected during the first half of 2017,...