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How Gold Became an Essential Component in Nvidia's GPUs

How Gold Became an Essential Component in Nvidia's GPUs

Nvidia's GPU microchips, essential for…

Texas Deepwater Oil Export Projects Stall

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore…

News

Struggling PDVSA Plans To Restart Curacao Refinery

Struggling PDVSA Plans To Restart Curacao Refinery

Jun 18, 2019 at 09:50 | Irina Slav

Venezuela’s struggling oil company PDVSA plans to resume operations at its Isla refinery on Curacao, a company official who wished to remain unnamed told S&P Global Platts. The refinery…

U.S. Will Send 1,000 Troops To Mideast As Tensions Continue To Rise

U.S. Will Send 1,000 Troops To Mideast As Tensions Continue To Rise

Jun 18, 2019 at 09:40 | Irina Slav

The Pentagon will send 1,000 additional U.S. troops to the Middle East on request from the Central Command for additional forces, Newsweek reports, citing a statement by the acting Secretary…

The Permian Craze Is Fizzling … But Shale Oil Production Isn’t

The Permian Craze Is Fizzling … But Shale Oil Production Isn’t

Jun 17, 2019 at 18:01 | Julianne Geiger

The frenzied Permania that had oil and gas companies rushing to the O&G hotspot may be on the outs, but production in the industry’s number one basin has not, according…

Iraq’s Contingency Plan If US-Iran Standoff Blocks Its Oil Exports

Iraq’s Contingency Plan If US-Iran Standoff Blocks Its Oil Exports

Jun 17, 2019 at 17:11 | Tsvetana Paraskova

Iraq is looking to draft contingency plans in case the heightened tension in the Middle East results in some kind of blockade of Iraq’s oil exports through the Persian Gulf—a…

Opposition Says Norway Is Buying Itself Out Of Climate Goals

Opposition Says Norway Is Buying Itself Out Of Climate Goals

Jun 17, 2019 at 16:52 | Tsvetana Paraskova

Norway will be increasingly tempted to fund carbon emission cuts abroad instead of reining in its own greenhouse gas emissions in order to reach its ambitious 2030 climate goals,…

Inpex Signs Deal To Develop $20B LNG Project In Indonesia

Inpex Signs Deal To Develop $20B LNG Project In Indonesia

Jun 17, 2019 at 14:25 | Tsvetana Paraskova

Japan’s Inpex Corporation said on Monday that it had signed a heads of agreement with Indonesia’s government to develop a US$20-billion liquefied natural gas (LNG) project in Indonesia after…

Saudi Crown Prince: Aramco Going Ahead As Planned

Saudi Crown Prince: Aramco Going Ahead As Planned

Jun 17, 2019 at 12:10 | Irina Slav

It has been a while since the last assurance from a senior Saudi official that the initial public offering of oil giant Aramco is going ahead as planned, and this…

Tesla Gigafactory 3 Is Being Built At ‘Incredible Speed’

Tesla Gigafactory 3 Is Being Built At ‘Incredible Speed’

Jun 17, 2019 at 11:04 | Irina Slav

Tesla’s third Gigafactory, one that will provide it with a way around Chinese tariffs on U.S. goods, is being built “at an incredible speed,” writes Electrek’s Fred Lambert. The…

Canada Government Set to Approve Trans Mountain Expansion

Canada Government Set to Approve Trans Mountain Expansion

Jun 17, 2019 at 09:39 | Irina Slav

The federal government of Canada is set to approve the highly controversial Trans Mountain pipeline expansion project this week, unnamed sources have told Reuters. The project, which would boost…

Tesla Makes Last Hard Push To Break Record Sales This Quarter

Tesla Makes Last Hard Push To Break Record Sales This Quarter

Jun 14, 2019 at 15:44 | Julianne Geiger

Tesla is well on its way to having a record sales quarter, and is currently delivering a thousand cars per day on average this month, Electrek reported on Friday,…

San Diego’s Consumer Prices Rise As Gas Prices Jump  

San Diego’s Consumer Prices Rise As Gas Prices Jump  

Jun 14, 2019 at 15:12 | Tsvetana Paraskova

Consumer prices in the San Diego area in California increased by 3.8 percent over the past 12 months to the end of May 2019, mainly due to the higher…

Trump: Key Oil Chokepoint ‘Not Going To Be Closed For Long If Iran Closes It

Trump: Key Oil Chokepoint ‘Not Going To Be Closed For Long If Iran Closes It

Jun 14, 2019 at 15:05 | Tsvetana Paraskova

If Iran tried and closed the critical oil shipping lane in the Middle East, the Strait of Hormuz, “it’s not going to be closed for long,” U.S. President Donald Trump…

Midwest Senators Push To Reform Biofuel Waivers Program

Midwest Senators Push To Reform Biofuel Waivers Program

Jun 14, 2019 at 13:30 | Tsvetana Paraskova

A Republican and a Democrat Senators from farm states have introduced a bill to tweak the biofuel waivers program and increase its transparency in a bid to help ethanol…

Brazil’s Oil Sector Joins Nationwide Strike Against Pension Reform

Brazil’s Oil Sector Joins Nationwide Strike Against Pension Reform

Jun 14, 2019 at 12:53 | Tsvetana Paraskova

Workers at Brazilian state-held oil firm Petrobras joined on Friday a 24-hour nationwide strike in Brazil against proposed pension reforms that would raise the minimum retirement age and workers’ contributions,…

Tesla’s Solar Roof Prices Are Shockingly High

Tesla’s Solar Roof Prices Are Shockingly High

Jun 14, 2019 at 12:25 | Tsvetana Paraskova

Tesla is charging just over US$85,300 for its Solar Roof solution for a 9.45 kW system on a 1,862-square foot roof, Electrek reported on Friday, citing an actual Tesla…

Gazprom Neft Calls For End Of OPEC+ Oil Cuts

Gazprom Neft Calls For End Of OPEC+ Oil Cuts

Jun 14, 2019 at 10:45 | Irina Slav

OPEC and its partners should start increasing oil production to keep the market well supplied and prices reasonable, Gazprom Neft’s chairman Alexander Dyukov said, as quoted by Reuters. Dyukov’s…

Pemex Partner Auction Canceled

Pemex Partner Auction Canceled

Jun 14, 2019 at 09:39 | Irina Slav

An auction to pick foreign partners for Mexican state energy giant Pemex scheduled for October has been canceled by the country’s energy regulator, Reuters reported, noting the official information…

Libya’s NOC Warns Army Is Inside Key Crude Terminal

Libya’s NOC Warns Army Is Inside Key Crude Terminal

Jun 13, 2019 at 17:31 | Tsvetana Paraskova

Libya’s internationally recognized National Oil Corporation (NOC) said on Thursday that it is concerned about an increased military presence inside one of the country’s key oil terminals, Ras Lanuf,…

EVs Lose Resale Value Fast, But Not Tesla

EVs Lose Resale Value Fast, But Not Tesla

Jun 13, 2019 at 17:21 | Tsvetana Paraskova

Electric vehicles (EVs) are depreciating much faster than the average for all cars, with one notable exception—Tesla, whose vehicles hold values better than their gas-powered rivals. Automotive research firm and…

Canada May Have To Raise Carbon Tax To Meet Paris Climate Goals

Canada May Have To Raise Carbon Tax To Meet Paris Climate Goals

Jun 13, 2019 at 16:23 | Tsvetana Paraskova

Canada may have to raise its federal carbon tax if it wants to achieve its pledge under the Paris Agreement to reduce greenhouse gas emissions, Canada’s Parliamentary Budget Officer (PBO),…

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