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News

Russia Further Depletes Reserves To Cover Budget Shortfalls

Russia Further Depletes Reserves To Cover Budget Shortfalls

Sep 06, 2016 at 09:09 | Lincoln Brown

The Russian news agency Tass reports that the government has accessed its reserve funds for the third time this year in order to cover a shortfall in…

This New Law Is A Massive Step In Re-Opening A Top Mining Nation

This New Law Is A Massive Step In Re-Opening A Top Mining Nation

Sep 05, 2016 at 09:55 | Dave Forest

One of the most interesting stories in mining and energy of late has been the re-emergence of Argentina. With a new pro-business government here moving quickly to open…

Labor Day Weekend Gas Prices Hit 12-Year Low

Labor Day Weekend Gas Prices Hit 12-Year Low

Sep 02, 2016 at 17:36 | Zainab Calcuttawala

Labor Day weekend gas prices have hit a 12-year low this year, according to a report by the U.S. Energy Information Administration on Friday. Thanks to the…

11,700 Petrobras Employees Sign Up To Get Fired

11,700 Petrobras Employees Sign Up To Get Fired

Sep 02, 2016 at 16:16 | Zainab Calcuttawala

Over 11,700 Petrobras employees signed up to get fired through the Brazilian energy firm’s voluntary dismissal program, according to a new report by Bloomberg. The government-owned company…

Enbridge Gives Up $2.6B Oil Pipeline

Enbridge Gives Up $2.6B Oil Pipeline

Sep 02, 2016 at 14:59 | Irina Slav

Forced by unfavorable market conditions and regulatory delays, Enbridge Energy will drop its planned pipeline project Sandpiper that was to transport crude oil from North Dakota’s Bakken…

Iraq And KRG Agree To Split Kirkuk Revenues 50/50 And Fight ISIS In Mosul

Iraq And KRG Agree To Split Kirkuk Revenues 50/50 And Fight ISIS In Mosul

Sep 02, 2016 at 14:23 | Zainab Calcuttawala

Iraq and the semi-autonomous region of Kurdistan have restarted joint exports of crude from the Kirkuk oil field, after the two parties reached a preliminary revenue-sharing deal earlier…

Forget China, Nuclear Security Issues Already Abound in UK

Forget China, Nuclear Security Issues Already Abound in UK

Sep 02, 2016 at 14:11 | Tsvetana Paraskova

The UK’s police, who are guarding the nuclear sites in the country, have said that 130 security breaches at sites have occurred in the past five years,…

Ivanpah Solar Plant Becomes Bird Incinerator, Graveyard

Ivanpah Solar Plant Becomes Bird Incinerator, Graveyard

Sep 02, 2016 at 12:07 | Lincoln Brown

Some say that the casualty numbers are overhyped. Other say it is a serious problem. But at the Ivanpah Solar Plant in Nevada, birds are bursting into…

ISIS Oil Tanks Destroyed By Syrian Army

ISIS Oil Tanks Destroyed By Syrian Army

Sep 02, 2016 at 11:46 | Irina Slav

A series of air strikes conducted by the Syrian army across the country ended with scores of militants dead and various vehicles destroyed, including a caravan of…

Japan Considers Buying $10 Billion Chunk of Rosneft

Japan Considers Buying $10 Billion Chunk of Rosneft

Sep 02, 2016 at 09:03 | Irina Slav

The Japanese government could become a shareholder in Russia’s oil giant Rosneft, as part of a broad cooperation in the energy sector. The investment that will go…

Shell Becomes First Company to Join Mexican Hedging Program

Shell Becomes First Company to Join Mexican Hedging Program

Sep 01, 2016 at 17:39 | Zainab Calcuttawala

Royal Dutch Shell has begun participating in Mexico’s massive hedge against low oil prices in 2017, according to four sources cited by Bloomberg on Thursday. The move…

Nuclear Deal Commission Granted Iran Exemptions To Allow Lifting Of Sanctions

Nuclear Deal Commission Granted Iran Exemptions To Allow Lifting Of Sanctions

Sep 01, 2016 at 17:24 | Zainab Calcuttawala

“Secret” exceptions to the terms of the Iranian nuclear deal have allowed Iran to evade some of the restrictions negotiated by the United States and its partners last…

U.S. Manufacturing Declines After 5 Straight Months Of Modest Growth

U.S. Manufacturing Declines After 5 Straight Months Of Modest Growth

Sep 01, 2016 at 17:14 | Zainab Calcuttawala

The American manufacturing industry declined in August after five consecutive months of growth as producers deal with the consequences of low oil prices and a weak global…

Nigeria Lifts Forex Ban On Banks Failing To Remit Billions In Oil Money

Nigeria Lifts Forex Ban On Banks Failing To Remit Billions In Oil Money

Sep 01, 2016 at 16:16 | Tsvetana Paraskova

The Central Bank of Nigeria (CBN) has readmitted nine banks to the interbank forex market after having suspended them last week for not paying some oil money to…

Chevron Launches Offshore Natural Gas Production In Indonesia

Chevron Launches Offshore Natural Gas Production In Indonesia

Sep 01, 2016 at 14:13 | Tsvetana Paraskova

Chevron has started its first natural gas production from the Bangka Field Development Project off the Indonesian coast, the group’s subsidiary Chevron Indonesia Company Ltd said in a…

Kirkuk Refuses Baghdad’s Plan To Export Its Oil To Iran In Trucks

Kirkuk Refuses Baghdad’s Plan To Export Its Oil To Iran In Trucks

Sep 01, 2016 at 13:49 | Zainab Calcuttawala

Kirkuk will not allow the Iraqi government to ship its fuel to Iran via trucks if negotiations between the Kurdish Regional Government and Baghdad over oil exports fail…

Radioactive Waste Found at Oil Field Landfill in North Dakota

Radioactive Waste Found at Oil Field Landfill in North Dakota

Sep 01, 2016 at 11:56 | Irina Slav

As if North Dakota hasn’t been the topic of numerous oil news headlines in recent weeks, it’s making headlines again—this time for some radioactive nuclear elements that was…

The UN Backs Tribal Opposition To Dakota Access Pipeline

The UN Backs Tribal Opposition To Dakota Access Pipeline

Sep 01, 2016 at 10:40 | Irina Slav

The UN Permanent Forum on Indigenous Issues has backed a claim by the Standing Rock Sioux tribe that it should have a say in the construction of…

Election Results In OPEC’s Newest Member State Spark Violent Protests

Election Results In OPEC’s Newest Member State Spark Violent Protests

Sep 01, 2016 at 09:10 | Irina Slav

Clashes between supporters of Gabon’s opposition leader Jean Ping and security forces that began on Wednesday culminated in a fire set to the National Assembly building of…

Citigroup’s Ed Morris Sees Potential For $65 Brent By The End Of 2017

Citigroup’s Ed Morris Sees Potential For $65 Brent By The End Of 2017

Aug 31, 2016 at 17:54 | Lincoln Brown

Oil executives should brace for a slow oil price recovery, according to leading industry analyst Ed Morse, who sees Brent prices reaching $65 a barrel at the end…

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