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News

Big Oil Eyes India's $100 Billion Energy Boom

Big Oil Eyes India's $100 Billion Energy Boom

Nov 12, 2019 at 10:47 | Tsvetana Paraskova

India is inviting the biggest international oil companies to invest in the privatization of its state-held oil firms, Indian Oil Minister Dharmendra Pradhan said at an energy event late…

Another Oil Giant Falls Victim To A Cyberattack

Another Oil Giant Falls Victim To A Cyberattack

Nov 12, 2019 at 09:31 | Irina Slav

A ransomware attack caused administrative operations at Mexico’s Pemex to grind to a halt on Monday, but work was restored soon after, Reuters has reported, citing sources from the…

OPEC’s No.2 Seizes Market Share Following Saudi Oil Attacks

OPEC’s No.2 Seizes Market Share Following Saudi Oil Attacks

Nov 11, 2019 at 17:28 | Tsvetana Paraskova

Despite a marginal decline in overall crude oil exports, Iraq has boosted the sales of its crude to top Asian importers China and India since late September, as the confusion…

Political Crisis Hurts Oil Majors In Bolivia

Political Crisis Hurts Oil Majors In Bolivia

Nov 11, 2019 at 17:26 | Julianne Geiger

Royal Dutch Shell, Total SA, and Repsol SA have all either stopped drilling exploration gas wells, or slowed drilling in Bolivia, Alvaro Rios, former hydrocarbons minister and director of consultancy…

Tesla Proves It Doesn’t Need Tax Credits To Survive

Tesla Proves It Doesn’t Need Tax Credits To Survive

Nov 11, 2019 at 15:22 | Tsvetana Paraskova

Tesla’s sales in the U.S. have recently dropped after the tax credits halved in July, but the models on offer from Elon Musk’s electric vehicle (EV) maker are undisputedly the…

Keeping Coal Alive In The Cowboy State

Keeping Coal Alive In The Cowboy State

Nov 11, 2019 at 13:14 | MINING.com

As seven US-based coal companies went broke between 2018 and 2019 and the short-term outlook for the black mineral in terms of demand and profitability looks bleak according to Moody’s…

Iran’s Most Brazen Violation Of The Nuclear Deal So Far

Iran’s Most Brazen Violation Of The Nuclear Deal So Far

Nov 11, 2019 at 12:56 | RFE/RL staff

The United Nations' nuclear watchdog says its monitors have detected uranium particles at an undeclared site in Iran.The International Atomic Energy Agency (IAEA) does not identify the site…

Another Oil Major Is Fleeing The North Sea

Another Oil Major Is Fleeing The North Sea

Nov 11, 2019 at 11:26 | Tsvetana Paraskova

Chevron has just become the latest American oil major to have quit the UK North Sea after Delek Group’s fully owned North Sea E&P subsidiary, Ithaca Energy, said on…

Trump’s Latest Trade War Comment Puts Oil Prices Under Pressure

Trump’s Latest Trade War Comment Puts Oil Prices Under Pressure

Nov 11, 2019 at 10:21 | Tsvetana Paraskova

Oil prices were down early on Monday, as global markets brace for protracted talks in the U.S.-China trade war after optimism about an imminent rollback of tariffs faded. At 11:14…

Key Canadian Oil Pipeline Finally Back Online

Key Canadian Oil Pipeline Finally Back Online

Nov 11, 2019 at 09:25 | Irina Slav

The Keystone oil pipeline has resumed operation after a temporary shutdown following a spill of about 9,000 barrels in North Dakota, operator TC Energy has said. The restart followed…

Why Carl Icahn Dumped $400 Million In Occidental Petroleum Stock

Why Carl Icahn Dumped $400 Million In Occidental Petroleum Stock

Nov 08, 2019 at 17:57 | Julianne Geiger

Investor Carl Icahn has slashed his sizable holdings of Occidental Petroleum in an escalation of the tensions between Oxy and Icahn over Oxy’s purchase of Anadarko Petroleum,…

Alberta Throws Canadian Drillers A Lifeline

Alberta Throws Canadian Drillers A Lifeline

Nov 08, 2019 at 17:09 | Tsvetana Paraskova

Oil producers in Alberta can drill new wells without being restricted by the current industry-wide production limits, the government of Alberta said on Friday as it aims to spur…

Japanese Investors Likely To Snub Saudi Aramco’s IPO

Japanese Investors Likely To Snub Saudi Aramco’s IPO

Nov 08, 2019 at 13:30 | Tsvetana Paraskova

Japanese firms will probably stay away from the world’s biggest initial public offering (IPO) ever as they are concerned about the valuation of Saudi Aramco and its lack of transparency,…

The Only Way To Solve Africa’s Electricity Crisis

The Only Way To Solve Africa’s Electricity Crisis

Nov 08, 2019 at 11:35 | Irina Slav

African countries need to invest four times more in electricity than they are investing now in order to expand reliable supply to the whole continent, the International Energy Agency has…

Canadian Oil Prices Set To Rise As Keystone Restarts

Canadian Oil Prices Set To Rise As Keystone Restarts

Nov 08, 2019 at 09:33 | Irina Slav

TC Energy has said it would partially restart the Keystone oil pipeline next week, after it shut it down following a spill of some 9,000 barrels of crude in North…

Encana Moves HQ From Canada To Colorado

Encana Moves HQ From Canada To Colorado

Nov 07, 2019 at 16:35 | Tsvetana Paraskova

Encana Corporation, which has just said that it is moving out of Canada to redomicile in the United States, has picked Denver, Colorado, for its new head office, the company…

Tesla May Have Just Found A Home For Its Next Gigafactory

Tesla May Have Just Found A Home For Its Next Gigafactory

Nov 07, 2019 at 14:21 | Tsvetana Paraskova

Europe’s biggest economy, Germany, which is also set to be one of the biggest and fastest-growing electric vehicle (EV) markets in the world, could be the ideal location for…

The Real Reason Big Oil Bailed On Brazil

The Real Reason Big Oil Bailed On Brazil

Nov 07, 2019 at 14:02 | Tsvetana Paraskova

This year’s final oil auction in Brazil ended in a flop on Thursday, with Big Oil staying away from bidding and only one of five blocks awarded, suggesting that…

The Ethanol Crisis Has Claimed Another Victim

The Ethanol Crisis Has Claimed Another Victim

Nov 07, 2019 at 13:33 | Irina Slav

Valero has shut down two ethanol plants that it bought from Green Plains last year, and one of them might not be reopened, Bloomberg reports citing sources close to…

Anti-Fracking Protests Turn Violent In The UK

Anti-Fracking Protests Turn Violent In The UK

Nov 07, 2019 at 12:10 | ZeroHedge

UK police have been accused of sexually assaulting female anti-fracking protesters, including groping and exposing their their breasts while placing them under arrest, reports The Guardian. "I’ve seen women have…

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