Category: Crude oil

US ranks No. 1 for new wind projects

Texas leads the pack with 12,000 megawatts of wind power generation capacity, according to the American Wind Energy Association’s annual market report.  More »

Ten Deteriorating Data Points

This is usually the time of year where I am preoccupied by fears of relegation for my beloved soccer team, West Ham. However, with seven games to go, they appear to be almost certainly safe from ‘the drop’. Which is refreshing. It is therefore ironic that I see nothing but relegation and demotion in the [...]  More »

IEA cuts world oil-demand forecast

The International Energy Agency slashed its forecasts for global oil demand in 2013, predicting the weakest consumption in Europe since the 1980s.  More »

BP shareholders urge stronger fight against ‘extortionate’ Gulf spill claims

Angry British shareholders of oil giant BP urged the company Thursday to be more forceful in its legal fight against tens of billions of dollars in claims still being asserted by the U.S. government and several Gulf states affected by the 2010 oil spill. One suggested BP boycott Walt Disney World in Florida to get Americans “to come to their senses.”  More »

Iran’s crude exports declining due to sanctions, IEA says

Iran’s crude exports declined in March to the lowest this year as international sanctions aimed at the Persian Gulf country’s nuclear program and weaker global demand cut purchases, the International Energy Agency said.  More »

Company run by Tony Hayward reports ‘significant’ oil find in Kurdistan

Genel Energy Plc (GENL), an oil explorer run by former BP Plc (BP/) Chief Executive Officer Tony Hayward, rose to the highest in five months after making a significant oil discovery in Kurdistan.  More »

Jaffe: OPEC starts to react to US shale boom with new strategy

The first signs are emerging that key Persian Gulf members of the Organization of Petroleum Exporting Countries (OPEC) are adjusting their strategies to cope with the growing threat that North American shale oil is making to their long-term dominance in global energy markets.  More »

Japanese firm to build US-Mexico gas pipeline

Mexico’s president says a Japanese company has been tapped to build a pipeline to import U.S. natural gas through Arizona.  More »

Attorney fee disputes in Gulf spill get own judge

A federal bankruptcy judge has been appointed to rule on future disagreements over attorney fees related to the multibillion settlement between BP and victims of the 2010 Gulf of Mexico oil spill.  More »

Ethiopian oil plays could hold billions of barrels, but challenges abound

A study indicates that two new basins in Ethiopia could contain more than two billion barrels of oil. But getting at that oil wealth means overcoming colossal hurdles. Ethiopia has no pipelines and major investors are scarce.  More »

Iran to boost gas exports in efforts to cut oil sales reliance

Iran plans increase its natural gas exports as a way to diminish its reliance on crude sales, a senior Iranian Oil Ministry official said.  More »

NY moves toward adopting wind, other green energy

A new study says New York could get the power it needs from wind, water and sunlight by 2030 with a concerted push, though the state’s decade-long effort to significantly boost green energy shows how challenging that could be.  More »