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Should Big Oil Pay For Climate Change?

Should Big Oil Pay For Climate Change?

New York City has become…

T. Boone Pickens Shuts Down Oil Hedge Fund

T. Boone Pickens Shuts Down Oil Hedge Fund

Oilman and investment manager T.…

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Federal Regulators Deal Huge Blow To The Coal Industry

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News

Pacific Coast, Florida Oppose Offshore Oil Drilling Plan

Pacific Coast, Florida Oppose Offshore Oil Drilling Plan

Jan 05, 2018 at 12:35 | Tsvetana Paraskova

The governors of California, Oregon, and Washington, as well as Florida’s Republican governor, are opposing the U.S. Department of the Interior’s plan to open more than 90 percent of…

Oil Price Rise Not Enough: Angola Ditches U.S. Dollar Peg

Oil Price Rise Not Enough: Angola Ditches U.S. Dollar Peg

Jan 05, 2018 at 12:10 | Tsvetana Paraskova

To offset the decline in its foreign currency reserves, OPEC member Angola—which relies on oil for 90 percent of government revenues—is ditching its currency peg to the U.S. dollar and…

China To “Deal Seriously” With Violators Of Oil Sanctions On North Korea

China To “Deal Seriously” With Violators Of Oil Sanctions On North Korea

Jan 05, 2018 at 11:25 | Tsvetana Paraskova

China’s government promised on Friday to “deal seriously” with people or companies that may have violated United Nations sanctions by illicitly delivering oil to North Korea. On Wednesday, South…

Toshiba Dumps Westinghouse For $4.6B

Toshiba Dumps Westinghouse For $4.6B

Jan 05, 2018 at 10:47 | Irina Slav

Toshiba has sold its U.S. nuclear power business, Westinghouse, for US$4.6 billion to a group of investment companies led by Brookfield Asset Management. The deal puts an end to…

Aramco Takes Big Step Toward IPO

Aramco Takes Big Step Toward IPO

Jan 05, 2018 at 09:00 | Irina Slav

Saudi Arabia’s state energy giant Aramco has been made a joint stock company in preparation for its initial public offering, planned to take place in the second half of…

Oil And Gas Run Low As East Coast Sees Record Snowfall

Oil And Gas Run Low As East Coast Sees Record Snowfall

Jan 04, 2018 at 14:55 | Zainab Calcuttawala

The past week of continuous record low temperatures and snowfall has oil-dependent power plants in the northeast scrambling to secure supplies of some of the dirtiest burning oil available in…

New Mexico Is Now Third-Largest U.S. Oil Producer

New Mexico Is Now Third-Largest U.S. Oil Producer

Jan 04, 2018 at 14:09 | Tsvetana Paraskova

Thanks to the booming Permian Basin, New Mexico has become the third-largest U.S. oil-producing state in September and October, outstripping Oklahoma, California, and Alaska, data by the EIA shows.…

U.S. To Open Drilling In Previously Protected Zones

U.S. To Open Drilling In Previously Protected Zones

Jan 04, 2018 at 14:04 | Zainab Calcuttawala

The U.S. Department of interior is set to replace the Obama administration’s five-year oil and gas leasing plan on key bodies of water with federal government jurisdiction, the Oil and…

New Report Spots Inconsistencies In Obama Oil & Gas Testing Approvals

New Report Spots Inconsistencies In Obama Oil & Gas Testing Approvals

Jan 04, 2018 at 14:02 | Zainab Calcuttawala

A new investigation by the Government Accountability Office (GAO) says the Obama administration took an inconsistent amount of time to approve applications for seismic testing for offshore oil and gas…

U.S. Firms Interested In Boosting Oil, Gas Presence In Iraq

U.S. Firms Interested In Boosting Oil, Gas Presence In Iraq

Jan 04, 2018 at 13:59 | Tsvetana Paraskova

U.S. companies are eager to strengthen bilateral cooperation with Iraq in all industry sectors, especially in oil and gas, the Iraqi Ministry of Oil said on Thursday after U.S.…

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