Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophisticated enough to turn a wide range of crude oils into high-value fuels. Yet …
Read More »US still Trying to Undermine Nord Stream 2
The United States continues its attempts to derail the construction of the Nord Stream 2 gas pipeline from Russia to Europe, German utility firm Uniper said. “Uniper regrets to say that the US is still trying to undermine the important infrastructure project, which is Nord Stream 2. We believe it …
Read More »China Is Set to Eclipse America as World’s Biggest Oil Refiner
Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophisticated enough to turn a wide range of crude oils into high-value fuels. Yet …
Read More »US Extends Sanctions Waiver for Iraq to Import Iranian Gas
Washington has granted Iraq a shortened 45-day sanctions waiver to import Iranian gas that will expire days before US President Donald Trump’s term ends, an Iraqi official said Saturday. Baghdad buys gas and electricity from its neighbor Tehran to supply about a third of its power sector, worn down by …
Read More »EIA Expects U.S. Crude Oil Production to Remain Relatively Flat through 2021
In the U.S. Energy Information Administration’s (EIA) November Short-Term Energy Outlook (STEO), EIA forecasts that U.S. crude oil production will remain near its current level through the end of 2021. A record 12.9 million barrels per day (b/d) of crude oil was produced in the United States in November 2019 …
Read More »NASA Wants to Put a Nuclear Power Plant on the Moon
NASA and the U.S. Department of Energy will seek proposals from industry to build a nuclear power plant on the moon and Mars to support its long-term exploration plans. The proposal is for a fission surface power system, and the goal is to have a flight system, lander and reactor …
Read More »U.S. Oil Rig Count Rises for the Eighth Week in a Row
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 236—the eighth week of oil rig additions. The total number of active oil and gas rigs increased for the week by 12, with oil rigs rising by 10 and gas rigs …
Read More »ConocoPhillips Makes Major Gas Discovery in Norwegian Sea
US-based energy company ConocoPhillips has made a significant gas discovery in the wildcat well 6507/4-1 offshore Norway. The new gas was found at the wildcat well 6507/4-1 that is drilled in the production licence 1009, which is located 35.41km northwest of the Heidrun field and 241.4km from the coast of …
Read More »Nord Stream 2 Sanctions to be Included in U.S. Defense Bill
House and Senate negotiators have reached an agreement to include additional sanctions against a gas pipeline between Russia and Germany in a must-pass defense bill, according to three people familiar with the matter. The sanctions against Gazprom PJSC’s Nord Stream 2 pipeline would target insurance and certification companies that work …
Read More »Trump’s Sanctions Rooted in Grudges against Iran
Iran’s Minister of Petroleum Bijan Zangeneh said on Monday that the US sanctions imposed by US President Donald Trump on the Iranian oil industry officials are due to his sense of revenge and drudges against Iran. Speaking in the opening ceremony of 181 natural gas projects in Fars Province through …
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