80 Oil Pipeline Companies Off The Hook For Wetlands Damage
Over 80 oil and gas pipeline companies will be exonerated of a lawsuit that claims damage to wetlands via the construction of canals in Louisiana after the Supreme Court decided…
Chad Considers Handing Over $1.4B Oil Deal To Exxon
A disputed debt restructuring plan is leading Chad to reconsider its oil supply deal with Swiss trader Glencore, according to a new report by Reuters. Government documents show Chad is…
The Return Of Deepwater Oil
In a historic auction for deepwater oil assets in Brazil, the oil majors showed up on October 27 and bought several offshore blocks, indicating a high level of interest in…
3 Potential OPEC Deal Killers
The Middle East isn’t yet ready to agree on the future of OPEC’s output reduction deal as the bloc’s November 30 summit approaches, during which the cartel is set to…
Investors Have Yet To Receive PDVSA’s $842M Bond Payment
PDVSA’s Friday payment of $842 million on 2020 bond payments has yet to reach investors, according to a new report by Reuters—a fact that does not bode well for cash-strapped…
Puerto Rico Scraps $300M Power Grid Deal With Whitefish Energy
The Puerto Rico Electric Power Authority (PREPA) will cancel a US$300-million deal with Montana-based Whitefish Energy for restoring the power after Hurricane Maria hit the island, following criticism over the…
You Won’t Guess Who Just Saved America’s Biofuels
With all the focus directed to solar and wind power, it’s often overlooked that renewables also include turning biomass into biofuels. And the latter has one decisive advantage over solar…
Iraqi Pipeline Disruption Takes 250,000 Bpd Off The Market
Crude oil from northern Iraq, including from the Kurdistan region, stopped flowing from the oil pipeline between Kirkuk and the Turkish Mediterranean port of Ceyhan early on Monday local time,…
Bahrain Wants Qatar’s GCC Membership Frozen
In the latest chapter of the ongoing spat between some Arab countries and the world’s leading LNG exporter Qatar, Bahrain’s Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa…
U.S. Crude Imports Soar Amid Rising Refinery Output
I’ve been on the road – on walkabout as the Australians would say – for the last four weeks, doing a number of speaking engagements and trips across America. As…