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News

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B.C. Seeks To Block Trans Mountain Oil Pipeline Extension

Aug 11, 2017 at 10:14 | Irina Slav

The new government of British Columbia has announced that it stands firmly against the extension of Kinder Morgan’s Trans Mountain oil pipeline and will seek ways to block its construction…

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Natural Gas To Take Over For Solar Capacity During Eclipse

Aug 10, 2017 at 17:21 | Zainab Calcuttawala

Natural gas turbines will replace solar power capacity during the August 21st solar eclipse, highlighting the carbon-light fossil fuel’s emerging role as a gateway “green” energy in the coming…

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Nigeria’s Oil Facilities Threatened Again By Militants

Aug 10, 2017 at 17:06 | Zainab Calcuttawala

A band of militant groups in the Niger Delta demanded that Abuja stop working with the Pan Niger Delta Forum to find a lasting peace solution and announced a…

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North American Oil Patch Bankruptcies Dwindle This Year

Aug 10, 2017 at 14:10 | Tsvetana Paraskova

The pace of bankruptcy filings by North American exploration and production companies has slowed down dramatically so far this year compared to last year, according to the latest Oil Patch…

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Ex Minister: Unused Iraq-Saudi Pipeline Should Reopen

Aug 10, 2017 at 13:54 | Tsvetana Paraskova

Iraq needs to regain access to a pipeline that was used in the past to export Iraqi crude oil via Saudi Arabia, according to Parliament member and former Iraqi oil…

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Indian Oil Obtains Govt Approval To Import U.S. Oil Every Month

Aug 10, 2017 at 13:08 | Tsvetana Paraskova

India’s biggest refiner, Indian Oil Corp, has secured government permission to import one very large crude carrier (VCCC) of U.S. crude oil every month this year, as Indian firms…

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Statoil Reshuffles Ownership In World's Largest Offshore Wind Project

Aug 10, 2017 at 11:58 | Tsvetana Paraskova

Norway’s oil major Statoil has signed a swap agreement with UK’s energy firm SSE and with German company Innogy to revise the ownership of the four offshore wind projects…

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Iraqi Economy Hit Hard By ISIS And Low Oil Prices

Aug 10, 2017 at 10:10 | Irina Slav

Iraq continues to face economic growth challenges due to the consistently lower oil prices and the fallout from the war with IS, the International Monetary Fund said after the…

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Gazprom Neft Bets On Stable Oil Market In 2018

Aug 10, 2017 at 10:00 | Irina Slav

Gazprom Neft plans to borrow some US$2 billion next year as it expects international oil markets to stabilize and the Russian central bank to reduce interest rates further, the company’s…

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Oil-Rich Alberta To See Lowest Income Rise Of All Canada In 2018

Aug 09, 2017 at 16:42 | Zainab Calcuttawala

Oil-rich Alberta is due to see the lowest rise in salaries across the country in 2018, according to the results of a new survey released by the human resources…

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