New Deal Allows U.S. To Sell Tons Of Natural Gas To China

The U.S. and China recently agreed to a major liquid natural gas (LNG) trade deal, which could generate $26 billion annually for America. The Department of Commerce announced a 100-day…

Activist suggests Deepwater Horizon disaster was caused by lack of diversity

Muslim activist Yassmin Abdel-Magied has suggested the Deepwater Horizon oil disaster in 2010 could have been avoided if executives from the companies responsible had been drawn from more diverse backgrounds.…

China, India's EV push prompts IEA oil demand review

NewsBase’s AsianOil monitor provides intelligence and analysis on the Asian oil and gas industry. Check out our OilPro account for more stories just like this. Plans by China and India…

Second Natural Gas Plant on Way to Lackawanna County

Archbald Energy Partners, LLC is one step closer to building a second natural gas plant just off the Casey Highway with DEP issued air quality permit in hand. The largest…

Strong Natural Gas Prices And Tight Supply In 2017

A year ago, most analysts were bearish about natural gas prices. I wrote that natural gas prices might double and they did. Today, most analysts are again bearish about gas…

Oil prices continue rise after hitting recent five-month low

With news coming from top global oil producers Saudi Arabia, Russia and Kuwait of potentially extending supply cuts through the first quarter of 2018, oil prices were on the rise…

Approaching the Bullish Tail of the Probability Distribution?

In our report on Friday we stated that the tails of the probability distribution of the outcome of the May 25 OPEC meeting were the most interesting and clearly the…

Oil price, Plexus Holdings, And finally…

WTI $48.85 +$1.01, Brent $51.82 +98c, Diff -$2.97 -3c, NG $3.35 -8c Oil price The only news in town is the Saudi/Russian rapprochement and the oil price is rising, albeit…

TransGlobe boosts output but losses continue

Here’s a new story from NewsBase’s AfrOil monitor. Follow NewsBase on OilPro for more intelligence and analysis. Canada-based TransGlobe Energy’s production averaged 16,731 boepd in the first quarter of the…

Do Oil and Gas Have a Future in the Arctic?

The Arctic’s potential for hydrocarbon extraction is huge. The United States Geological Survey (USGS) estimates that approximately 13 per cent of the world’s undiscovered oil and 30 per cent of…

Oil and gas groups to loosen investment purse strings

Survey highlights top priority remains protecting dividends or reducing debt © Reuters Oil and gas companies are showing the first signs of renewed appetite for investment after nearly three years…

Practical Prospecting of Shale Hydrocarbons – Source Rocks

Excellent 36 Minute Audio-Video Presentation Tom Bowman – Practical Prospecting – Behind the scenes evaluation of Shale Oil and Gas exploration and development. Video can be viewed on website, or…

Time Lapse Video of the Grand Canyon (must see)

The video is part of a project called SKYGLOW, which aims to educate viewers on the dangers of urban light pollution in North America. In collaboration with the International Dark-Sky…

Total ordered to fix Martin Linge faults ahead of departure from shipyard

The safety body added that the probe was directed at technical safety, electrical equipment, maintenance management, and Total’s follow-up of technical barriers during the commissioning phase of the Martin Linge…

Oil rises above $52 as Saudis and Russia back longer supply cut

Oil hit its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a…