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Trump Clears Way for Controversial Oil Pipelines
U.S. President Donald Trump signed orders on Tuesday smoothing the path for the controversial Keystone XL and Dakota Access oil pipelines in a move to expand energy infrastructure and roll back key...
Solar Employs More Workers Than Coal, Oil and Natural Gas Combined
U.S. solar employs more workers than any other energy industry, including coal, oil and natural gas combined, according to the U.S. Department of Energy's second annual U.S. Energy and Employment Report.
6.4 million...
Dong Rready to Leave Oil Behind
Dong Energy will present its oil and gas exploration and production activities as “discontinuing operations” in its financial statements for 2016.
Therefore, profit and loss from the oil and gas segment will be...
The OPEC Monthly Oil Market Report
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...
Saudi Aramco CEO Says Oil Will Dominate over Renewables for Decades
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...
Norway’s Biggest Oil Company to Build Huge Offshore Wind Farm Off Coast of New York
If everything goes to plan, New York City and Long Island will be harnessing the Atlantic Ocean's strong and dependable winds as a source of renewable energy.
Norway's biggest oil company will be...
Statoil the Winner of US Federal Lease Auction for Wind Area Offshore of New York
Statoil said Dec. 16 that it has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York.
Statoil will now have the opportunity to explore...
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision.
Barack Obama has permanently banned new oil...
Iran to Discuss with Russian Partners New Oil, Gas Contracts Soon
Iran is planning to discuss new potential oil and gas contracts with Russian companies soon, Iranian Minister of Communications Mahmoud Vaezi said on Tuesday.
"Iran plans in the nearest future to discuss with...
Oil and Gas Companies in North America Less Green Than Those in EU
Oil and gas companies in North America are lagging behind their European counterparts in cleaning up their operations, new research has found, with higher greenhouse gas emissions and less investment in clean...
OPEC’s World Oil Outlook 2016 launched at ADIPEC
The 2016 OPEC World Oil Outlook (WOO) was launched last week at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016 in the United Arab Emirates (UAE).
This year is the tenth...
DONG Energy Confirms Sale of Oil and Gas Arm to Focus on Renewables
Danish energy giant DONG Energy has confirmed plans to sell its oil and gas business as part of the company's "strategic transformation" into a global leader in renewable energy.
"We have decided to...
Global oil demand could peak by 2020, says Shell
The rise of electric cars has led many analysts to make predictions about the future of the oil industry. ExxonMobil and OPEC have both made statements indicating confidence that the majority of...
NIS Successfully Completes the Project of Modernisation of Pančevo Oil Refinery
NIS successfully completed investment works at the Pančevo Oil Refinery within the framework of further modernisation of refinery processing at NIS. In this manner, the company improved energy efficiency, and ensured a...
1st Meeting of the High-level Committee of the Algiers Accord – OPEC and Non-OPEC Oil Producing Countries
The OPEC High-level Committee, established by the Algiers Accord, met with non-OPEC oil producing countries on Saturday, 29 October, at OPEC headquarters in Vienna. It was preceded by the first High-Level Committee...
Electric Cars Pose ‘Resoundingly Negative’ Threat to Oil Companies: Analyst Fitch
So far, though, the oil industry hasn't seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than...
