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Getting In On Canada’s $30 Billion Marijuana Boom

Canadian prime Minister Trudeau is…

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Are China’s Ambitions To Combat Pollution Hurting Its Economy?

The Chinese government and regulatory…

News

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Pro-Russian Rebels In the Dark As Ukraine Turns Lights Off

Apr 25, 2017 at 14:53 | Zainab Calcuttawala

Moscow announced on Tuesday that it would begin supplying electricity to pro-Russian rebels in the eastern parts of Ukraine, which has suffered from a blackout induced by Kiev due to…

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Nigeria To Fight Pipeline Attacks With Incentives For Illegal Refiners

Apr 25, 2017 at 12:22 | Tsvetana Paraskova

In a bid to clamp down on pipeline attacks and oil thefts, Nigeria’s oil minister Emmanuel Ibe Kachikwu is advancing plans to include illegal refineries in the Niger Delta in…

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Russia Regains Status As China's No.1 Crude Supplier

Apr 25, 2017 at 11:06 | Irina Slav

China imported daily average of 4.69 million tons, or 34.38 million bpd, of crude oil from Russia last month. That’s 9.3 percent more than the February average, putting Russia…

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Creditors, Not Cleanup, First Priority For Bankrupt Canadian Energy Firms

Apr 25, 2017 at 09:55 | Irina Slav

A Canadian court has upheld a previous decision that, in case of bankruptcy, the creditors of an energy firm will be paid what they are owed before any money is…

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Alberta Warns Trump Of Retaliation If Energy Sanctions Begin

Apr 24, 2017 at 17:17 | Zainab Calcuttawala

Alberta Premier Rachel Notley warned U.S. President Donald Trump that he would face the wrath of the northern nation’s many allies if the freshman president begins employing energy trade…

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Iran & Total To Finalize Gas Deal Within A Month

Apr 24, 2017 at 17:11 | Tsvetana Paraskova

France’s oil major Total SA will likely finalize the deal for the development of a large natural gas project in Iran in less than a month, having seen some “positive”…

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Alberta Energy Minister Sees Rosy Oil Sands Future, Despite Big Oil’s Departure

Apr 24, 2017 at 17:06 | Zainab Calcuttawala

Domestic interest in Alberta’s oil sands is returning, even as international companies are withdrawing their stakes in Canada’s oil sands, according to the province’s Energy Minister Marg McCuaig-Boyd. It…

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Oil Exporting Nations Slash Military Spending

Apr 24, 2017 at 16:37 | Tsvetana Paraskova

The oil price slump and the consequent economic problems forced many oil-exporting countries to cut military spending last year, with Saudi Arabia recording the largest absolute decrease in spending—$25.8 billion—the…

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Offshore Oil Rig Business Still Suffering, Top Rig Builder Warns

Apr 24, 2017 at 16:23 | Tsvetana Paraskova

Despite the fact that it posted a rise in first-quarter net profit, Singapore’s Keppel Corporation, the world’s largest offshore rig builder, has cautioned that the offshore oil rig business continues…

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South Sudan Reopens Negotiations For B1 And B2 Oil Blocks

Apr 24, 2017 at 14:01 | Zainab Calcuttawala

South Sudan is ready to reopen negotiation for drilling rights to Blocks B1 and B2, after an attempt to reach a deal with three foreign oil majors broke down due…

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