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BP Chief Pushes Renewable Investment Boost

BP Chief Pushes Renewable Investment Boost

BP’s CEO Bob Dudley has…

Global Oil Market Surprisingly Oversupplied

Global Oil Market Surprisingly Oversupplied

Despite OPEC oil production cuts…

Trump Calls Off Iran Attacks At The Last Minute

Trump Calls Off Iran Attacks At The Last Minute

In response to Iran shooting…

News

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),…

Exxon, Saudi SABIC Proceed With $10B Petrochemical Plant In Texas

Exxon, Saudi SABIC Proceed With $10B Petrochemical Plant In Texas

Jun 13, 2019 at 15:57 | Tsvetana Paraskova

ExxonMobil and Saudi Arabia’s SABIC said on Thursday that they would proceed with a plan to build a US$10-billion petrochemical project in San Patricio County, Texas. Back in…

UK Energy Supplier SSE To Close Its Last Coal-Fired Power Plant

UK Energy Supplier SSE To Close Its Last Coal-Fired Power Plant

Jun 13, 2019 at 13:13 | Tsvetana Paraskova

UK energy provider SSE Plc said on Thursday that it is proposing to close its last coal-fired power plant in the country by March 2020, amid a national and…

Alberta Government Goes After The Media For Oil Sands Misinformation

Alberta Government Goes After The Media For Oil Sands Misinformation

Jun 13, 2019 at 11:33 | Irina Slav

The new conservative Alberta government has targeted media in a campaign aimed at improving the image of the oil sands industry as presented by Premier Jason Kenney. CBC News

Shale Boom Boosts Gas Flaring In 2018: World Bank

Shale Boom Boosts Gas Flaring In 2018: World Bank

Jun 13, 2019 at 10:09 | Irina Slav

Rising shale oil production in the United States that drove gas flaring up 48 percent in 2018 also pushed up the global total by 3 percent to 145 billion cubic…

Trump Threatens Germany With Sanctions Over Gas Pipeline Support

Trump Threatens Germany With Sanctions Over Gas Pipeline Support

Jun 13, 2019 at 09:43 | Irina Slav

President Trump continued his relentless offense against Russian gas in Europe this week by threatening to slap sanctions on Germany for its equally relentless support of the Nord Stream 2…

Saudi Aramco Just Did Something It Never Did Before

Saudi Aramco Just Did Something It Never Did Before

Jun 12, 2019 at 17:54 | Julianne Geiger

Saudi Arabia’s state-run oil company Saudi Aramco has announced a new financial first for the giant: it will hold its very first earnings call in August revealing to the world…

Iran Considers Removing Oil From Budget Due To ‘US Economic Terrorism’

Iran Considers Removing Oil From Budget Due To ‘US Economic Terrorism’

Jun 12, 2019 at 16:58 | Tsvetana Paraskova

Iran is considering revising its financial and budgetary policies to remove oil income from them as a means to “counter Washington’s economic sanctions that constitute a case of terrorism,” Iran’s…

Japan’s PM Visits Iran: Oil Trade Is On The Agenda

Japan’s PM Visits Iran: Oil Trade Is On The Agenda

Jun 12, 2019 at 16:48 | Tsvetana Paraskova

Oil trade and the U.S. sanctions on Iran’s oil industry will likely be part of the discussions that Japan’s Prime Minister Shinzo Abe will hold with Iran’s officials on the…

Norway To Okay $1-Trillion Wealth Fund’s Plan To Dump Oil Stocks

Norway To Okay $1-Trillion Wealth Fund’s Plan To Dump Oil Stocks

Jun 12, 2019 at 15:42 | Tsvetana Paraskova

Norway’s Parliament is expected to approve later on Wednesday plans by the government’s US$1-trillion fund—the world’s biggest sovereign wealth fund—to divest from oil and gas exploration companies in a…


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