U.S. oil supply to grow by 6% in 2018: OPEC

October 13, 2017 0

Despite a more moderate-than-expected growth, U.S. oil supply is forecast to grow by 6% in 2018, compared to 2017 – an increase only smaller than the 11.16% expected for the Asia Pacific region, OPEC said Wednesday.

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UK approves Third Energy’s fracking plan for KM8 well

October 12, 2017 0

UK’s Environment Agency (EA) approved on Tuesday Third Energy’s Hydraulic Fracture Plan for its well site at Kirby Misperton, in North Yorkshire, leaving the onshore explorer with one last hurdle before it can start fracking in England, Kallanish Energy reports.

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Scotland’s government places ban on fracking

October 4, 2017 1

The Scottish Government on Tuesday said no to the development of unconventional oil and gas, replacing the current moratorium on hydraulic fracturing (fracking) in the country to an effective ban, Kallanish Energy reports.

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India’s refiner kick starts U.S. crude oil imports

October 3, 2017 0

State-owned Indian Oil Corporation (IndianOil) received on Monday its first U.S. crude oil import, marking “a new chapter” in the history of Indo-U.S. trade, particularly in the oil and gas sector, said Indian oil ministry secretary Shri Sudhir.

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