Category Archives: News

Congo’s cobalt hopes risk the same ruinous road as Thai rice: Russell

What do the moves by the Democratic Republic of the Congo (DRC) to boost its share of the country's cobalt bounty have in common with the former Thai government's attempts to control the global market for rice exports? Both are examples of dominant producers of a commodity trying to extract more wealth from that position. [Read More…]

Source: BOE Report

Transocean Ltd. Provides Quarterly Fleet Status Report

STEINHAUSEN, Switzerland, Feb. 19, 2018 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE:RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company’s fleet of offshore drilling rigs. On January 30, 2018, the company closed the acquisition of Songa Offshore SE. The transaction added seven semisubmersibles to the [Read More…]

Source: BOE Report

SeaBird Exploration: source contract in West Africa

19 February 2018, Limassol, Cyprus SeaBird Exploration is pleased to announce that it has signed an agreement to provide a source vessel for an upcoming survey in West Africa.  The project is anticipated to commence during Q1 and will have a duration of approximately 60 days. SeaBird will be using the Osprey Explorer for the [Read More…]

Source: BOE Report

How soon will electric vehicles make a significant dent in oil demand?

Khalid Al-Falih may be right when he claims the oil industry has nothing to fear from electric vehicles (EVs).

Saudi Arabia’s oil minister unsurprisingly is a robust defender of the internal combustion engine (ICE). Contrary to the views of Tesla Inc.’s headline grabbing founder Elon Musk, the kingdom’s top energy official expects the conventional gasoline powered road vehicle to ...

Source: Platts - The Barrel Blog News Feed

Belgian Malinois Owners Cry Foul as Bichon Flynn Nabs Best In Show

BRUSSELS (AKC) – Dog owners worldwide expressed outrage over the surprise victory of Flynn, a Bichon Frise, as Best in Show at the Westminster Kennel Club Tuesday night.

Indeed, Belgian Malinois owners seemed to take the news the hardest.

In a prepared statement, Queen Mathilde of Belgium, titular head of the Organization Nationale pour le Chien Exquisite Malinois, said, ...

Source: Maley's Energy Blog

Frontera Announces Resignation of Chief Financial Officer

TORONTO, Feb. 18, 2018 /PRNewswire/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that Camilo McAllister, its Chief Financial Officer, has resigned to pursue other career opportunities. Mr. McAllister will continue in his current role until March 9, 2018. Frontera has retained an international placement firm to assist in recruiting a new CFO. Alejandro [Read More…]

Source: BOE Report

OPEC And Shale Keep Oil Prices Between $60-$75

The interaction between U.S. shale and OPEC will continue to be the dominant narrative in the oil market this year, and the opposing forces could end up trapping oil prices within a relatively narrow price band. Market sentiment has shifted quite a bit over the past month, with the impact of the OPEC cuts sparking bullish sentiment and huge ...


Offshore Oil Is Poised For Significant Growth

Following three painful years of portfolio repositioning, cost cuts, and deferred projects, the offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs and simpler designs.    Currently, U.S. shale is taking center stage in analyses about oil growth stories, and rightfully so — it’s growing at a much faster pace than ...


Aker Energy buys Hess Ghana business, expects first oil in 2021 (Monday, 19 February 2018)

Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there.

Aker Energy said the proposed transaction, which is subject to approval from Ghanaian authorities, gives it a 50-percent stake in the ultra deepwater Tano Cape Three Points block which holds ...

Source: The latest Oil and Gas Industry News - from

Will China Repeat Last Year’s LNG Import Surge?

Ever since China overtook South Korea as the world’s second-largest importer of LNG last year, traders have been keeping a very close eye on any development that might suggest whether this year will see a repeat of the 46-percent surge in LNG imports that the country experienced in 2017. Analysts interviewed by Bloomberg seem to share the opinion that one ...


Is This The Answer To The Lithium Shortage?

University of Texas at Austin and Monash University researchers have recently discovered a new, efficient way to extract lithium and other metals and minerals from water. With continual technological advancements in mobile devices and electric cars, the global demand for lithium has quickly outpaced the rate at which it can be mined or recycled. The proposed technology may be able ...


How To Avoid Blackouts Using 100% Renewable Energy

Researchers have proposed three different methods for providing consistent power in 139 countries using 100 percent renewable energy. The inconsistencies of power produced by wind, water, and sunlight and the continuously fluctuating demand for energy often hinder renewable energy solutions. In a new paper, which appears in Renewable Energy, the researchers outline several solutions to making clean power reliable enough for ...


Growing Houston-Based SGR Energy Fuel Oil Blender Eyes Going Public

SGR Energy President and CEO Tom San Miguel never imagined how a tank truck driver job would change his life so much for the better. In early 1990, San Miguel accepted a job hauling heavy fuel for his mentor David Kramer. At the time, David had recently left a very successful stint at Enjet helping...

The post Growing Houston-Based SGR ...

Why Commodity Coins Are Gaining Popularity

Cryptocurrencies have become the most loved-and-hated topic in the financial world. Corporate coins, joke coins, government coins, and even commodity-backed coins are flooding the markets, and potential investors are scrambling to sift through the madness. No other coin, however, has drawn as much controversy as “El Petro.” In December, Venezuelan President Nicolas Maduro announced a plan to create an ...


Oilsands tech touted for pipeline capacity boost still years from deployment

CALGARY – Two years after a blue-ribbon panel called on the Alberta government to encourage partial upgrading of bitumen from the oilsands to enhance value and free up more pipeline room for exports, the idea remains years away from commercialization. In its royalty review report in January 2016, the panel led by ATB Financial CEO [Read More…]

Source: BOE Report

Safety Officials Order Partial Shutdown of Sabine Pass LNG Export Facility After Discovering 10-Year History of Leaks

Sabine Pass LNG Export Facility

Sabine Pass, the only liquefied natural gas (LNG) export facility in the country, has reportedly been experiencing safety issues for the past decade, and yet federal safety officials were only informed of this history while investigating the terminal's latest leak in January. Owned by Cheniere Energy, Sabine Pass is located on the Gulf Coast on the border of Texas and Louisiana.


Source: DeSmogBlog

Is This New Tar Sands Technology a Game Changer for Exporting Canada’s Bitumen?

Hockey pucks

A new technology has the potential to transform the transportation of tars sands oil. Right now, the already thick and slow-flowing oil, known as bitumen, has to be diluted with a super-light petroleum product, usually natural gas condensate, in order for it to flow through a pipeline or into a rail tank car. 

However, scientists at the University of Calgary's Schulich ...

Source: DeSmogBlog

The World’s Most Gridlocked Cities

If you’re thinking about the most traffic-congested cities in the world, images from Beijing and Mumbai may pop up — streets jammed with buses, trucks, and passenger cars. While these cities have been symbolic of rapid growth in crowded cities within China and India, they didn’t even make the top 10. In a new study, Los Angeles topped the list ...


Iran Fails To Comply With OPEC Deal

The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day. OPEC crude only production has held steady for three months. However, this chart masks the fact that November production was revised downward by 45,000 barrels per day and December production was ...