News

Alaska Sees Record Breaking Year For Oil And Gas Leases By Tim Daiss - Nov 17, 2018, 4:00 PM CST Join Our Community Alaska is still trying to make an oil production comeback after years of declining production from maturing fields. On Wednesday, the Alaska Department of Natural Resources said in a release that the state held another record-breaking oil and gas North Slope lease, netting competitive bids from investors around the world and breaking last...

Gas to overtake coal as world's second largest energy source by 2030, says IEA Natural gas will be fastest growing fossil fuel. Global gas demand to rise by 1.6 percent a year to 2040. Coal to fall behind renewables in power generation mix. Published 16 Hours Ago Updated 10 Hours Ago Reuters      ...

Iran’s Ghost Tankers Are Slipping Through The Cracks By ZeroHedge - Nov 07, 2018, 2:00 PM CST Join Our Community In anticipation of the U.S. sanctions against Iranian oil exports, which were reimposed by the Trump Administration on Monday (along with additional sanctions on everything from Iranian shipping to banking and insurance), oil tankers bearing the Iranian flag have embraced a stealthy approach to keeping the oil flowing: They're...

The world's fourth-biggest oil producer can't keep the lights on By Mohammed Aly Sergie on 10/22/2018     DUBAI (Bloomberg) -- Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But the war-ravaged country has little to show for its feat. While crude...

Norway’s Oil Production Continues To Decline Faster Than Expected By Tsvetana Paraskova - Oct 19, 2018, 3:00 PM CDT   Norway’s crude oil production has not only been sliding this year compared to last year—as expected—but it has also consistently underperformed the production forecasts of the Norwegian Petroleum Directorate (NPD). NPD’s figures for September showed on Friday that Norway’s crude oil production stood...