Oil and gas

latest news headlines

Iran sees breakthrough in oil deals following Rouhani re-election.

After re-election of Rouhani, oil Minister Zanganeh sees deals with Total, Lukoil this year

- GulfNews - AE

Boy dies, girl critical in cylinder blast.

A seven-year-old boy, who had sustained severe burns after an LPG gas cylinder exploded at his house in Marathahalli, succumbed on Saturday. The deceased is Nikhil Karun. Nikhil's sister Neha is still critical and is being treated at the Victoria Hospital. She is said to have sustained about 40% burns.Nikhil and Neha are ...

- Deccan Herald - IN

Market Extra: When do markets close for Memorial Day?.

U.S. financial markets will be closed Monday for Memorial Day, but a host of other markets from oil futures to metals will have revised schedules.

- Marketwatch - US

Stable gas prices expected to boost Memorial Day road trips.

Stable gasoline prices are expected to fuel a slight increase in long trips this Memorial Day weekend.The AAA auto club predicts that 39 million Americans will make a trip of at least 50 miles this weekend, up 2.7 percent from the...

- The New Zealand Herald - NZ

The Latest: Colorado governor says oil blasts unrelated.

DENVER " The Latest on a fatal oil tank fire in northern Colorado :1:45 p.m.Colorado Gov. John Hickenlooper says two deadly northern Colorado oil and gas explosions in recent weeks are unrelated.The governor...

- The New Zealand Herald - NZ

Colorado oil tank blast kills worker, spurs safety questions.

DENVER " An oil tank explosion in northern Colorado killed a worker and burned three others, shooting up flames just miles away from an unrelated gas blast last month and prompting fresh questions about safety in one of Colorado's...

- The New Zealand Herald - NZ

US rig count rises 7 this week to 908; Colorado up 5.

HOUSTON " The number of rigs exploring for oil and natural gas in the U.S. rose by seven this week to 908.A year ago, 404 rigs were active.Houston oilfield services company Baker Hughes said Friday that 722 rigs sought oil...

- The New Zealand Herald - NZ

Long Shunned By Foreigners, Iran Looks To Tourism To Boost Ailing Economy .

Iran is looking to make the country a top regional tourist destination as it seeks ways to boost an economy that has been battered by years of crippling international sanctions and falling oil prices.

- Radio Free Europe - US

OPEC deal's 9-month extension enough to reach target.

A nine-month extension of the OPEC oil output cut deal will be more than enough to bring stocks down to their five-year average, says an analysis done by the UK-based consulting company Capital Economics.

- AzerNews - AZ

Azerbaijani oil prices for May 22-26.

Average price of AZERI LT CIF, extracted at Azerbaijan's Azeri-Chirag-Gunashli block of fields, was $54.22 per barrel on May 22-26 or $0.88 per barrel more than the previous week.

- AzerNews - AZ

Is gas cheaper than electric? Get your calculator ready.

The price of piped natural gas makes it look like a comparatively low cost energy source for the home.

- Stuff - NZ

Oversold: Oil traders punish OPEC for promising too much

The group and its non-OPEC allies have a long way to go in improving messaging

- The Hindu - IN

Natural gas no longer profitable: ONGC

Cost of production higher than current gas prices, says chairman Sarraf

- The Hindu - IN

Supporters of Roosevelt National Park seek to block refinery

When Meridian Energy Group set out to develop "the cleanest refinery on the planet," it chose a spot in western North Dakota's oil patch near highways, railroads and a picturesque national park named for a former president revered for his conservation advocacy.

- WRAL.com - US

Uzbekistan To Increase Its Refining Capacity By 50%

Uzbekistan revealed in late April that it had begun building a new $2.2 billion oil refinery that would produce fuel for sale domestically and abroad. Official news sources stated perfunctorily that oil supply agreements had already been reached with Kazakhstan and Russia, although the finer details still in fact need ...

- OilPrice.com - US

5 reasons why oil could be headed higher

REUTERS/Essam Al-SudaniDespite a recent bout with plunging prices, we believe the oil market should grind higher thanks to solid global demand, renewed supply constraints and still-significant underinvestment. This builds a clear case for investing in the energy sector, both for income and for capital return. Take takeaways ...

- Business Insider - US

Opec insiders reel as key minister is fired during their meeting

VIENNA, May 27 — As Opec ministers gathered in Vienna Thursday to agree a nine-month extension of their oil-supply pact, the man credited with bringing about the landmark deal learned from a news broadcast that he had been fired. The story...

- The Malay Mail - MY

Meet the Malaysian man who sings 112 national anthems

Thean See Xien, 31, speaks only English and Bahasa Malaysia, and the latter not very well. But when he breaks into the Russian or French national anthems, or any of the other 110 national songs he knows, you’d mistake him for a native singer, if not a native speaker. A lawyer by training and an in-house counsel for an ...

- South China Morning Post - HK

The future of oil jobs in the Middle East

What will OPEC's production cut extension mean for energy jobs in the region?

- Al Jazeera - QA

These Stunning Photos Show the Real Cost of a Pipeline

This story was originally published by Reveal and is reproduced here as part of the Climate Desk collaboration. As police in riot gear swept the last protesters from camps near the Standing Rock Sioux Reservation in late February, two dozen men and women arrived in this small ranching and lumber town 1,200 miles to the ...

- Mother Jones - US

Oil fund of Norway will invest in climate change research

Oil fund of Norway will invest in climate change research...


PN pledges cheaper fuel and no more LNG tanker

A Nationalist government would immediately begin work to remove the LNG tanker in Marsaxlokk and replace it with a gas pipeline linking Malta to Sicily, Nationalist Party leader Simon Busuttil said this morning.Speaking at a press conference in Attard, Dr Busuttil vowed to reduce petrol and diesel prices by 5c with ...

- timesofmalta.com - MT

Trump's budget renews debate on Arctic refuge oil drilling

- Townhall.com - US

Trump's budget renews debate on Arctic refuge oil drilling

ANCHORAGE, Alaska — President Donald Trump's plan to help balance the federal budget features a new attempt to open the coastal plain of Alaska's Arctic National Wildlife Refuge to petroleum drilling.

- Billings Gazette - US

Five minutes with Mary Steinebrunner of Dunlop Protective Footwear

From a factory in Havre de Grace, Mary Steinebrunner oversees the production of 1.5 million pairs of boots a year. The boots made by Dunlop Protective Footwear USA are designed for function, not fashion. The footwear protects workers on farms, oil rigs, fishing boats, food processing plants, construction...

- Baltimoresun.com - US

Lawsuit Claims GM Used Defeat Devices On Duramax Diesel Trucks And SUVs

The class-action lawsuit accuses General Motors of using "at least three separate 'defeat devices' to increase engine power and efficiency" in its Duramax diesel engines.

- NPR - US

Highway 63 shut down in northern Alberta after semi-truck rolls, spills natural gas condensate

The busiest highway connecting Edmonton to northern Alberta was shut down in both directions Friday night as police investigated a single-vehicle rollover that resulted in a spill of hydrocarbon liquids.

- Global News - CA

MOVIE CHEAT SHEET: Who will helm Top Gun 2?


- Vancouver 24 hrs - CA

Diesel Pollution Linked to Heart Damage

Diesel pollution is linked with heart damage, according to research presented today at EuroCMR 2017 .There is strong evidence that particulate matter emitted mainly from diesel road vehicles is associated with increased risk of heart attack, heart failure, and death,' said lead author Dr Nay Aung, a cardiologist and ...

- ENN - US

MARKET WATCH: NYMEX, Brent crude oil prices tumble on OPEC production extension

Oil prices on the New York and London markets dropped about $2.50/bbl after the Organization of Petroleum Exporting Countries and major non-OPEC producers extended an existing agreement on production targets through first-quarter 2018.

- OGJ - US

Gatto appointed Callon Petroleum CEO after death of Fred Callon

Joseph Gatto Jr. will assume the role of chief executive officer at Callon Petroleum Co., Natchez, Miss., after the sudden passing on May 24 of Fred Callon. L. Richard Flury will become nonexecutive chairman.

- OGJ - US

KMI makes affiliate IPO as part Trans Mountain Expansion FID

Kinder Morgan Inc. will make a final investment decision for the Trans Mountain Expansion Project crude oil pipeline in conjunction with indirect subsidiary Kinder Morgan Canada Ltd. , conditional on successful completion of an initial public offering of KML stock to take place not later than May 31.

- OGJ - US

Penn West Petroleum moves toward changing name to Obsidian Energy

Penn West Petroleum Ltd., Calgary, is proposing a name change to Obsidian Energy Ltd. following a major restructuring and renovation effort.

- OGJ - US

Buru Energy, Mitsubishi units to swap Western Australia assets

Buru Energy Ltd., Perth, has moved to a 100% interest in Ungani oil field in the onshore Canning basin of Broome in Western Australia following a transformational deal with its joint venture partners Diamond Resources Pty. Ltd. and Diamond Resources Pty. Ltd. Both Diamond companies are wholly owned subsidiaries of ...

- OGJ - US

Canada to limit oil, gas methane emissions

Oil and gas producers in Canada face new controls on methane emissions under regulations proposed May 25 by the federal government.

- OGJ - US

BHI: Colorado, gas-directed rigs lead latest US rig count rise

The Baker Hughes Inc. US rig count’s 19th straight weekly increase came by way of Colorado and gas-directed rigs instead of the usual lift from Texas and oil-directed rigs.

- OGJ - US

EIA: US gasoline prices at $2.40/gal heading into Memorial Day weekend

US gasoline prices heading into Memorial Day weekend average $2.40/gal, up 10¢ from last year’s average, the US Energy Information Administration reported.

- OGJ - US

Japan inflation ticks up in April as oil prices rebound

TOKYO " Japan's core consumer price index climbed to a two-year high in April of 0.3 percent, as costs for energy rose.Economists said the increase reported Friday was not likely to persist and that prices for imported consumer...

- The New Zealand Herald - NZ

Trump's budget renews debate on Arctic refuge oil drilling

President Donald Trump's plan to help balance the federal budget features a new attempt to open the coastal plain of Alaska's Arctic National Wildlife Refuge to petroleum drilling. The effort … Click to Continue

- Miami Herald - US

Emerging markets debt: Is there still gas in the tank?

Cyclical indicators in emerging markets have been ticking up since the start of the year

- GulfNews - AE

Oil prices see-saw, sterling hit as May's lead in polls shrinks

Oil prices see-sawed yesterday after Opec extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election. European stocks fell as turbulence in oil markets and the prospect of tough talks at a ...

- timesofmalta.com - MT

Goldman Sachs optimistic OPEC cuts will achieve inventory normalization

Goldman Sachs optimistic OPEC cuts will achieve inventory normalization...


Asian shares mixed as oil's fall counters Wall Street gains

HONG KONG " Asian stock markets were mixed Friday as investors weighed Wall Street's latest gains on strong earnings reports against the latest oil production cut, which dragged down crude prices and commodity shares.KEEPING...

- The New Zealand Herald - NZ

GM denies allegations that it cheats on diesel emissions

General Motors on Thursday denied allegations made in a lawsuit that the company's full-size diesel pickup trucks cheat on emissions tests. The lawsuit filed by lawyers for two truck owners in U.S. District Court in Detroit alleges that trucks with Duramax diesel engines have three devices on them...

- Los Angeles Times - US

Four climate protesters arrested for disrupting rubber-stamp energy agency's confirmation hearing

Since February, with only two sitting members, the five-member Federal Energy Regulatory Commission has been without a quorum. That has meant it can't do its job, which is to approve and regulate interstate oil and natural gas pipelines, the transmission and wholesale sales of electricity, approve liquefied natural gas ...

- Daily Kos - US

New litigation digs deeper grave for U.S. diesels as dirty accusations mount

It's easy to imagine diesel will die in America. The troubles that started almost two years ago with the emissions scandal at Volkswagen just keep rolling on and on.

- Automotive News - US

Pearl takes arbitration victory against KRG to U.S. court

Kurdistan's leading gas investor is looking to affirm $2 billion in awards against the KRG, potentially paving the way for enforcement action, while lining up $26.5 billion in further claims.

- Iraq Oil Report - US

Prosecutor targets Bosch in Daimler diesel fraud investigation

Filed under: Government/Legal,Green,Emissions,Diesel Bosch is a provider of engine management software to Daimler.Continue reading Prosecutor targets Bosch in Daimler diesel fraud investigation Prosecutor targets Bosch in Daimler diesel fraud investigation originally appeared on Autoblog on Fri, 26 May 2017 09:40:00 EDT. ...

- Autoblog - US

Time to Buy Oil Stocks?

The Energy Sector has been the worst performer in the S&P 500 this year. Are better times ahead?

- Barrons - US

Iran Sees $50B Oil Deals Enter Operational Phases In 2018

Iran expects around US$50 billion worth of oil contracts to launch their operational phases next year, according to Fardad Daliri, director of investment at the Industrial Development and Renovation Organization of Iran. The Islamic Republic is inviting local and foreign companies to take part in oilfield development ...

- OilPrice.com - US