Adipec 2017: China to become 2nd largest LNG importer ‘within a year or two’
China will become the second largest importer of liquefied natural gas (LNG) after Japan “within a year or two”, an industry chief said today.
US
Republican asks colleagues to keep wind and solar tax credits
A New York Republican emerged from a key tax meeting to say that he had urged his House colleagues not to end tax credits for the wind and solar industry early.
ExxonMobil snaps up oil terminal in Wink, Texas
US oil major ExxonMobil has bought a crude oil terminal in Wink, Texas from Genesis Energy.
Encana calls time on Permian land race as focus switches to output
Encana Corp. Chief Executive Officer Doug Suttles says drillers in Texas’s prolific Permian Basin can no longer impress investors with how much acreage they’re snapping up or how quickly they’re boosting production.
Iran urges Europe to do more to back nuclear deal
Iran's supreme leader has urged Europe to do more to back the 2015 nuclear deal after Donald Trump refused to re-certify the pact.
Gas pipe business so hot even bulls are selling assets to profit
The value of natural gas pipelines is so high right now that even Southern Co., a company that’s spent billions to increase its stake in the business, couldn’t resist selling off two small systems to make more than $1 billion.
Opinion: US Iran Sanction – Undoing the JCPOA?
The US Iran Nuclear Agreement Review Act (INARA), enacted in May 2015, calls for the president to issue a certification to Congress every 90 days regarding Iran's compliance with the Joint Comprehensive Plan of Action (JCPOA). If the president fails to issue the certification, INARA provides an expedited process for re-imposing US-Iran sanctions that were lifted under the JCPOA.
Strong growth expected for US onshore market over next five years, Westwood says
The US onshore market is set for a period of strong growth with spending totalling $554billion expected through 2022, according to a new report from an energy consultancy.
North Sea oil squeezed as US ships crude like never before
As crude oil gushes out of the U.S. like never before, it looks increasingly like North Sea oil will suffer collateral damage.
Oil producers say Hurricane Harvey’s impact won’t last long
For the most part, Texas oil executives aren't too worried about the long-term impacts of Hurricane Harvey, a new survey shows.
Oil worker’s family faces months in hotel after Hurricane Harvey
A Highland family that moved to the US has been living in a hotel ever since filthy, surging flood waters destroyed their home.
China imposes limit on oil supply to North Korea
China has announced that it will limit energy supplies to North Korea and stop buying its textiles under UN sanctions imposed over its nuclear and missile development, further reducing support from Pyongyang’s last ally.
Drilling rig count falls despite Permian growth
The booming Permian Basin in West Texas is continuing to add new rigs, but active drilling is falling almost everywhere else in the country, including in South Texas' Eagle Ford shale that was hit by Hurricane Harvey.
Uncertainty Grips Solar as Industry Awaits Trump’s Tariff Ruling
U.S. solar developers are bracing for months of uncertainty after a federal trade agency ruled that imported panels are crippling American manufacturers, giving President Donald Trump until January to decided whether to impose tariffs.
Shale billionaire Hamm slams ‘exaggerated’ US oil projections
Billionaire oilman Harold Hamm says the government was way too optimistic with its prediction of more than 1 million new barrels a day in US production, and the snafu is “distorting" global crude prices.
Fate of Iran nuclear deal depends on tough UN policing, Trump says
US president Donald Trump has warned Washington will walk away from its nuclear deal with Iran if it deems that the UN watchdog monitoring the agreement is not tough enough.
Energy firms evacuate much of western Gulf, prep for Harvey
Energy companies are evacuating much of the western Gulf of Mexico and hunkering down to bear the brunt of Hurricane Harvey along Corpus Christi's refinery row.
Oil companies salivate for BHP Billiton’s shale acreage
Analysts expect a hot market for BHP Billiton’s shale acreage.
Iran only needs five days to increase uranium enrichment to 20%
Iran needs only five days to ramp up its uranium enrichment to 20%, a level at which the material could be used for a nuclear weapon, the Islamic Republic’s atomic chief has warned.
US power grid takes solar eclipse in its stride
The Great Solar Eclipse of 2017 came and went and California kept the lights on despite losing about half of its solar energy during the darkest moments.
Private equity firm to buy Calpine in deal valued at $17bn
Calpine executives have said the company's management would stay in place after a takeover by a New Jersey private equity firm.
China says US trade probe would violate international rules
China has sharply criticised Donald Trump’s demand for an investigation into whether it is improperly obtaining foreign technology and said it will “resolutely safeguard” Beijing’s interests.
Venezuela’s Maduro extends olive branch to Trump
Venezuelan leader Nicolas Maduro has said he wants a meeting with US president Donald Trump - the man he ridicules as a crass imperial magnate and blasts for sanctions against officials in his socialist government.
Despite layoffs, contract workers recruited for local NRG plants
Contract workers are being recruited to help maintain NRG Energy power plants in the Houston area even as the company lays off long-time employees as part of its effort to cut costs, shed debt and return the company to profitability.
Oil bankruptcies slow dramatically this year
The number of North American oil companies shuffling into bankruptcy court has fallen dramatically this year, a new report shows.