US energy powers ahead
As the global industry assembles in Houston for the Offshore Technology Conference, it will be in the midst of a quiet American revolution.
Trump
Oil price keeps rising as US vows to scrap Iran sanctions waivers
Oil extended gains after leaping to a six-month high on Monday as the U.S. said it’ll no longer give any buyer of Iranian crude a waiver from sanctions aimed at cutting the OPEC producer’s exports to zero.
Updated: US won’t renew sanctions waivers for Iran oil customers, Brent climbs
The Trump administration said it won’t renew waivers that let countries buy Iranian oil without facing U.S. sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India.
Germany to take more Russian gas, ignoring Trump
Germany is preparing one of its biggest sustained increases in natural gas consumption in almost two decades, regardless of U.S. admonitions that it shouldn’t draw so much of its energy from Russia.
Trump course ordered to pay Scottish Government legal bills after Aberdeen wind farm battle
A firm formerly headed by US president Donald Trump has been ordered to pay Holyrood’s legal bills over Aberdeen Bay wind farm battle.
Don’t expect US to blink in battle for oil security
This promises to be a weird year, one where massive uncertainties abound; any one of which could derail current efforts to sustain substantial oil and gas output from the UK Continental Shelf.
‘Business as usual’ for US oil industry despite Trump government shutdown
The partial U.S. government shutdown has docked fishing boats in Alaska, delayed public meetings on a proposed wind farm off the Massachusetts coast and blocked pharmaceutical companies from seeking approval for new drugs.
FERC’s McIntyre dies, leaving second vacancy on energy regulator
Kevin McIntyre, a commissioner and former chairman of the top U.S. energy regulator, has died.
No end to oil price volatility as supply, economic fears persist
Oil’s beginning 2019 with the same price volatility that marked the end of last year, as uncertainty over crude output and the health of the global economy keep investors wary.
Former oil lobbyist to take over as US interior secretary
A former lobbyist who has played a leading, behind-the-scenes role at the Interior Department driving Trump administration policies to expand drilling and strip wildlife protections is poised to take over the agency at least temporarily.
Global bankers spurn Trump’s pleas to keep making loans for coal
U.S. President Donald Trump is trying to recruit international lenders to his pro-coal crusade.
Oil market hinges on Saudi dilemma: Bust budget or anger Trump?
The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy.
Oil’s record plunge a ‘made in America’ phenomenon, Citi says
American fingerprints are all over oil’s record losing streak that’s plunged prices into a bear market.
Oil holds loss after worst slump in 3 years on weakening outlook
Oil was showing little sign of recovering from its unprecedented decline as investors flee a market hammered by swelling supplies and a darkening demand outlook.
US reimposes all Iran sanctions lifted under nuclear deal
The Trump administration has announced the reimposition of all US sanctions on Iran that had been lifted under the 2015 nuclear deal.
Iran sanctions kick in, bringing biggest oil disruption in years
Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.
Trump approves plan to drill oil from manmade Arctic island
The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude -- marking the first approval of an oil production facility in federal Arctic waters.
Two small German towns vie to make Trump’s LNG dream reality
Downstream from Hamburg, two small Elbe River ports are competing to build Germany’s first liquefied natural gas import terminal and help shake up Europe’s biggest gas market.
Trump request for OPEC oil production hike may backfire
If OPEC is the central bank of oil, then the Trump administration is commanding it to run the printing presses at full speed.
Oil extends longest quarterly rally in a decade on supply risks
Oil in London extended gains after the longest quarterly rally in a decade as a slowdown in American drilling added to supply risks while the U.S. and Saudi Arabia discussed market stability.
$100 oil cannot be ruled out, says Aberdeen petro-economist
A senior lecturer at Aberdeen University has argued $100 oil “cannot be ruled out” as Brent’s price surge continues.
OPEC gives tepid response to Trump’s demand for lower oil prices
U.S. President Donald Trump’s demand that OPEC take rapid action to reduce oil prices got a tepid response, with the group saying it would boost output only if customers requested it.
In big win for Trump, US sanctions cripple Iranian oil exports
Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President Donald Trump has already managed to crush the country’s petroleum exports, dealing severe economic damage to Tehran.
US in striking distance of climate goal shunned by Trump
The U.S. is on track to meet about two-thirds of its carbon-emissions goals under the Paris climate accord -- even without the support of President Donald Trump.
Norway poised to battle with global giants in German gas market
After supplying Europe’s biggest economy with natural gas for more than four decades, Norway is preparing to defend its share as the world’s biggest producers all vie for a larger slice of the $21 billion market.