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Dong Energy Considers Sale of Oil and Gas Assets to Focus on Windfarms
The biggest windfarm operator in the UK is considering selling its oil and gas business, four decades after it was set up to manage Denmark’s North Sea oilfields.
Dong Energy, which is majority...
Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut...
World Bank Ups Its 2017 Oil Price Forecast To $55
The World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That’s US$2 more than its...
This Massive Farm Grows 15% of Australia’s Tomatoes without Soil, Fresh Water or Fossil Fuels
Did you know there is a way to grow tons of fresh fruits and vegetables with saltwater and solar energy? The good people at SunDrop Farms are doing just that with their...
OPEC Ministers, Secretary General Hold Oil Talks in Istanbul
OPEC Conference President HE Dr. Mohammed Bin Saleh Al-Sada and the Organization’s Secretary General HE Mohammad Sanusi Barkindo held a series of informal meetings with OPEC and non-OPEC oil and energy ministers...
Serbian Energy Minister Antić opens 8th Oil Forum
Minister of Mining and Energy of Serbia, Mr. Aleksandar Antić, opened the 8th Oil Forum, which took place on 28-29 September in Belgrade. Welcoming the Forum on behalf of the Government of...
China’s Oil Production Tanks, Foreign Oil Dependency Nightmare Intensifies
It might seem disingenuous to call any country’s foreign oil dependency a nightmare, but that’s exactly what it is. A myriad of problems stem from foreign oil dependency, ranging from a massive...
Global Oil Demand Can Only Increase
While incremental annual gains obviously vary, there is nothing more assured than increasing global oil demand. The steady drumbeat of more people, making more money, using more oil may be boring to...
Blame Oil: Nigeria Slumps into Recession, Norway Stalls
Nigeria slumped into recession and Norway's economic growth slowed to a standstill in the second quarter. Both countries rely on oil for a big chunk of their exports and have been hit...
The Top 10 Public Global Oil Producers In 2016
The following list is based on average daily global oil production for all publicly traded companies during the most recent fiscal quarter. As noted in the article on natural gas producers, some...
Iran Says Will Cooperate with OPEC to Stabilize the Oil Market: IRNA
Iran's oil minister said today that Tehran will cooperate with Organization of the Petroleum Exporting Countries (OPEC) to stabilize the world market, but expects others to respect its rights, the ministry's news...
Despite the Current Decline, Oil Market on the Path to Rebalancing
“Higher oil demand is expected in the 3rd and 4th Quarters”, HE Dr Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC President said, expressing positive sentiments in...
Lower oil prices affect global growth of mining industry, says UNIDO report
Global production growth from mining activities remained low in 2015 and was significantly affected by lower crude oil prices, and the combined production of mining and utilities rose a mere 1.0 per...
IEA releases Oil Market Report for August
Crude oil prices eased to around $45 per barrel in August as a global supply overhang weighed and demand growth weakened, the newly released IEA Oil Market Report (OMR) for August informs...
IEA releases Oil Market Report for July
Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only...
This Farm of the Future Uses No Soil and 95% Less Water
There's a revolution happening in the way food is grown around the world. Vertical farming stacks crops on top of one another in a climate controlled, indoor facility, and utilizes advanced technology...