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Tag: oil
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...
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...
Policies are critical for the invisible fuel
Though 2015 was a record year for renewables, there is another energy technology that is making steady – but quiet – progress in limiting greenhouse gas emissions: energy efficiency.
Managing how much energy...
Holding the line
The issue that currently dominates the outlook for the oil market is the outcome of OPEC’s ministerial meeting in Vienna on 30 November. It has only been two months since OPEC last...
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...
OGCI Announces $1 Billion Investment to Accelerate Development and Deployment of Innovative Low Emissions Technologies
The Oil and Gas Climate Initiative (OGCI) announced an investment of $1 billion over the next ten years, to develop and accelerate the commercial deployment of innovative low emissions technologies.
OGCI Climate Investments...
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...
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...
More Northeast Natural Gas Pipeline Capacity Brings Questions
Led by the surge in Appalachia’s Marcellus and Utica plays, U.S. natural gas production has increased over 50% since 2005 and related infrastructure to move the gas has become short. This is...
OPEC Secretary General to attend annual meetings of the IMF and the World Bank Group
OPEC Secretary General, HE Mohammad Sanusi Barkindo, along with a delegation from the OPEC Secretariat, will be attending the Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF)...
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...
Annual Implementation Report 2016: Contracting Parties Put into Action Energy Union Objectives
The Secretariat’s Annual Implementation Report published today outlines the progress achieved by the Energy Community Contracting Parties in implementing the acquis communautaire under the Energy Community Treaty. The current state of implementation...
Europe’s Largest Gas Field Could Face Larger Production Cap
The Dutch Parliament adopted a motion to review production at the Groningen gas field annually, Reuters reported on Thursday.
In June, the legislature passed a 5-year output bill that sought to limit the...
Shell Starts Production at Stones in the Gulf of Mexico
Shell announces recently  that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day  when fully ramped...
Gazprom Neft acquires two new licences in the Yamalo-Nenets Autonomous Okrug
Gazpromneft-Noyabrskneftegaz and Gazpromneft-Yamal, subsidiaries of Gazprom Neft, have won recent tendering rounds for subsoil usage rights to the Yuzhno-Noyabrskoye and Kamennomysskoye (onshore) fields, both located in the Yamalo-Nenets Autonomous Okrug, in close...
Costa Rica Has Been Running on 100 Percent Renewables for Two Months
Costa Rica ran on 100 percent renewable energy for 76 straight days between June and August this year, according to a new report, demonstrating that life without fossil fuels is possible -...
