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Energy

Myanmar Close, but not Quite, Ready for Prime Time

Mar 27, 2014 at 15:15 | Daniel J. Graeber

Energy majors from Norway's Statoil to BG Group are among the first to get the chance to explore frontier prospects off the coast of Myanmar. Global Witness says that, while…

Hungary’s MOL Gets Ambitious in North Sea

Mar 27, 2014 at 15:07 | James Burgess

Hungarian-based oil and gas company MOL has finalized the $375-million acquisition of 14 offshore oil licenses in the North Sea from German BASF’s Wintershall subsidiary.The transaction,…

Soros Promotes Oil Sales to Punish Putin

Mar 27, 2014 at 14:58 | Charles Kennedy

Just weeks after the US announced its first test sale of crude oil from strategic reserves since 1990, billionaire philanthropist George Soros is lobbying for the release of more reserves…

Why Ukraine’s Next President Doesn’t Matter

Mar 26, 2014 at 18:09 | James Stafford

Having ridden roughshod over Ukraine, Russia’s annexation of the Crimea is now over and a new chapter in Ukrainian politics is about to begin—but it won’t be much different than…

Obama Hops on LNG Train, but is that Train Even Leaving?

Mar 26, 2014 at 17:44 | Daniel J. Graeber

U.S. President Barack Obama said a trans-Atlantic trade deal under review could help break Russia's grip on the region's energy sector. New LNG leeway in the United States could help…

China Eyes Massive Production from First Shale Project

Mar 26, 2014 at 17:32 | James Burgess

China’s Sinopec is planning to develop a production capacity of 10 billion cubic meters per year by 2017 at the Fuling shale gas field, making it the country’s first…

PetroChina posts a 4th quarter 21% gain, Sinopec – 35% loss

Mar 26, 2014 at 17:22 | John Daly

The last quarter of 2014 saw decidedly mixed results for two of China’s largest state-owned energy firms. PetroChina posted a 21% gain, while Sinopec took a 35% loss. PetroChina,…

DOE Approves West Coast LNG Terminal

Mar 25, 2014 at 17:55 | Nick Cunningham

The Department of Energy issued its conditional approval for a liquefied natural gas export terminal in Oregon on March 24. This marks the seventh overall LNG export terminal to…

Showdown in Ukraine: Putin’s Quest for Ports, Oil, Pipelines and Gas

Mar 25, 2014 at 17:44 | Claude Salhani

Yes, Russia is guilty of meddling in Ukraine, but then again so are the United States and the European Union. The major difference is that far less was said and…

The Emerging Investor Language of “Carbon Asset Risk”

Mar 25, 2014 at 17:37 | Rory Johnston

Last Thursday, ExxonMobil agreed to publish its plans to assess the risks climate change pose to its business model, making it the first oil and gas producer to do so.…

5 Energy Challenges Confronting India

Mar 25, 2014 at 17:28 | Global Risk Insights

On March 12, 2014, India and the United States renewed talks regarding cooperation on clean energy. The talks concluded positively with memorandums of understanding for the two countries to cooperate…

U.S. Gas Prices May Fluctuate if Canadian Bottleneck Eases

Mar 24, 2014 at 17:41 | Daniel J. Graeber

Canadian oil producers may get a better price for crude in the overseas markets because of the glut of oil in the North American market. That in turn could reshape…

Eyes on Afghanistan as Next Lithium Motherlode

Mar 24, 2014 at 17:34 | James Stafford

As American troops prepare to leave Afghanistan, the US has handed over prized mineral data to Kabul, which is hoping it can provide enough security to lure investors to key…

Small Oil Companies Eye Huge Prize in Ghana

Mar 24, 2014 at 17:23 | James Burgess

Since the first discovery of the massive Jubilee oilfield in Ghana by a start-up company, the West African playing field has begun to change, and so too have investor sentiments,…

New Mexican Nuclear Facility Leak “No Threat” to Human Health

Mar 24, 2014 at 17:11 | John Daly

March 11 was the third anniversary of the Fukushima nuclear incident, where cleanup efforts to contain radioactive contamination continue. In a reminder that such problems are not limited to Japan…

Russia Looks East as Relations with Europe Deteriorate

Mar 21, 2014 at 17:40 | Nick Cunningham

The standoff between the U.S. and the EU on one hand, and Russia on the other, intensified pretty quickly late last week. The U.S. quickly slapped heavier sanctions on Russia…

Threats to European Energy Sector Have Been Greatly Exaggerated

Mar 21, 2014 at 17:32 | Daniel J. Graeber

Beneath the din of the Western furor over the Russian annexation of Crimea, BP announced it awarded more than $800 million in contracts for the development of the Shah Deniz…

Koch Industries Ordered to Spend $44M in Refinery Upgrades

Mar 21, 2014 at 17:24 | James Burgess

Koch Industries’ Kansas-based Flint Hills Resources (FHR) will invest $300 million in a Minnesota refinery to improve energy efficiency and clean fuels production, after being fined by authorities for…

Time to Look North of the Border

Mar 21, 2014 at 14:18 | Dan Dicker

2014 has been a tough year to find value in energy.  With oil shale still representing the best investment opportunity in the United States but with the massive run that…

Ghana Oil: Optimism Struggles with Reality

Mar 21, 2014 at 14:16 | Editorial Dept

We don’t really need Brad Pitt’s latest documentary film production on Ghana and oil industry greed to tell us that Ghana is in a bit of trouble, coming down…

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