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Big Oil Is Down, But Not Out

Big Oil Is Down, But Not Out

Activist divestment and climate change…

Has Bolton’s Firing Burst The Oil Price Bubble?

Has Bolton’s Firing Burst The Oil Price Bubble?

Oil prices fell significantly on…

Energy / Energy-General

Repsol to Settle for $5bn over Argentina Oil Asset Heist

Repsol to Settle for $5bn over Argentina Oil Asset Heist

Feb 26, 2014 at 17:25 | Charles Kennedy

Spanish oil giant Repsol is preparing to sign a $5 billion settlement agreement in the coming days with the government of Argentina over the 2012 seizure of its local assets.…

What the Resource Curse Means for Afghanistan

What the Resource Curse Means for Afghanistan

Feb 26, 2014 at 17:04 | Daniel J. Graeber

Three years ago, the U.S. Geological Survey said some of the resources in Afghanistan could transform an economy normally dependent on illicit narcotics. With this year's pivotal drawdown of international…

Korean Firm Wins $6bn Iraq Refinery Contract

Korean Firm Wins $6bn Iraq Refinery Contract

Feb 26, 2014 at 16:46 | James Burgess

A consortium of Korean engineering firms has won an estimated $6 billion contract to build a new oil refinery in Iraq, in the largest deal ever won by Korean…

Obama Admin Raises Liability Cap for Oil Spills

Obama Admin Raises Liability Cap for Oil Spills

Feb 25, 2014 at 15:18 | Nick Cunningham

On February 21, the U.S. Department of Interior proposed raising the cap on liabilities that oil companies are forced to pay in the event of an oil spill. The…

Keystone Decision in Two Months?

Keystone Decision in Two Months?

Feb 25, 2014 at 15:11 | James Burgess

While Republican governors claimed on Monday that President Barack Obama has given assurances of a decision on the Keystone XL pipeline within the next couple of months, the White House…

Saudi Arabia: When the Old Guard Fails, Bring in ..the Old Guard

Saudi Arabia: When the Old Guard Fails, Bring in ..the Old Guard

Feb 25, 2014 at 15:02 | Claude Salhani

Here is a prediction: if the current war in Syria is not contained it will only be a matter of time before it affects any and all the countries that…

Is it Time to Let BP back in the U.S. Oil Game?

Is it Time to Let BP back in the U.S. Oil Game?

Feb 24, 2014 at 17:12 | Daniel J. Graeber

BP is hard at work in the Gulf of Mexico, launching a third phase to a legacy project off the coast of New Orleans. Outside of the production phase, it's…

U.S. Army’s $7 Billion Interest in Renewable Energy

U.S. Army’s $7 Billion Interest in Renewable Energy

Feb 24, 2014 at 16:59 | John Daly

Slowly but surely, the U.S. armed forces are getting serious about renewable energy. In April 2012, the White House announced the Defense Department was making one of the largest…

Devon Sells Canadian Conventional Assets for $2.8 Billion

Devon Sells Canadian Conventional Assets for $2.8 Billion

Feb 24, 2014 at 16:49 | Charles Kennedy

US oil producer Devon Energy will sell the bulk of its conventional assets in Canada for around $2.8 billion in cash to Canadian Natural Resources. The sale—expected…

Japan Hints at Nuclear Safety Resolution

Japan Hints at Nuclear Safety Resolution

Feb 24, 2014 at 16:42 | James Burgess

Some two weeks after a “pro-nuclear” victory in the Tokyo gubernatorial elections, Japan’s nuclear regulator has indicated that it may be close to a decision on whether one or more…

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