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How Satellites Revolutionize Oil Trading

How Satellites Revolutionize Oil Trading

Satellite imaging has been making…

Energy

Oil Giant Slashes Jobs Amid Shale Slowdown

Oil Giant Slashes Jobs Amid Shale Slowdown

Oct 10, 2019 at 15:37 | Nick Cunningham

Halliburton announced that it would lay off 650 workers across four U.S. states due to the slowdown in shale drilling. The oilfield services giant blamed “local market conditions” for…

The Two Most Powerful Oil Men On Earth Set Landmark Meeting

The Two Most Powerful Oil Men On Earth Set Landmark Meeting

Oct 10, 2019 at 13:40 | Tsvetana Paraskova

Russian President Vladimir Putin will discuss the production cut pact that OPEC and its Russia-led allies have been implementing for nearly three years now during his first visit in more…

Another One Bites The Dust: Dyson Ditches Electric Car Project

Another One Bites The Dust: Dyson Ditches Electric Car Project

Oct 10, 2019 at 13:09 | ZeroHedge

British entrepreneur legend, James Dyson, has officially abandoned his electric car project, according to multiple sources including The Verge. In an all staff email sent out on Thursday, Dyson said…

How Much Crude Oil Does Plastic Production Really Consume?

How Much Crude Oil Does Plastic Production Really Consume?

Oct 10, 2019 at 11:54 | Irina Slav

Many social media users had a field day recently when Greta Thunberg tweeted a picture in which the 16-year-old activist was snacking on food in plastic packaging. Activists against…

OPEC Chief Hints At Deeper Cuts In December

OPEC Chief Hints At Deeper Cuts In December

Oct 10, 2019 at 10:40 | Tsvetana Paraskova

All options are on the table, including a deeper cut from OPEC and its allies in December, OPEC Secretary General Mohammad Barkindo said on Thursday, as the OPEC+ coalition…

Alberta Plans Oil Offensive, Starts ''Energy War Room''

Alberta Plans Oil Offensive, Starts ''Energy War Room''

Oct 10, 2019 at 09:25 | Irina Slav

Alberta’s Conservative government is moving closer to the launch of its so-called energy war room—officially the Canadian Energy Center—which will seek to improve the public image of the oil industry.…

The $850 Quadrillion Space Weapon Obama Refused To Build

The $850 Quadrillion Space Weapon Obama Refused To Build

Oct 09, 2019 at 17:15 | Julianne Geiger

Even if you haven’t seen Star Wars, everyone knows about the Death Star. But how realistic is the idea of the Death Star, and how much energy would it really…

Big Oil Tries To Buy Back Investors

Big Oil Tries To Buy Back Investors

Oct 09, 2019 at 16:59 | Tsvetana Paraskova

Major oil companies have recently raised their guidance for dividend payouts, promising shareholders handsome returns at a time when a growing number of investors are questioning the future of oil…

The Race To Save $100 Billion - A Digital Revolution In Oil

The Race To Save $100 Billion - A Digital Revolution In Oil

Oct 09, 2019 at 16:51 | Rystad Energy

In a new in-depth study, Rystad Energy estimates that as much as $100 billion can be eliminated from E&P upstream budgets through automation and digitalization initiatives in the 2020s. Service…

Iran's 3-Part Plan To Outsmart Sanctions

Iran's 3-Part Plan To Outsmart Sanctions

Oct 09, 2019 at 13:06 | Simon Watkins

Iran’s priority in continuing to optimise its oil industry exports despite ongoing U.S. sanctions is to push the pace of development firstly of the multiple fields that constitute the

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