Oil and gas M&A is…
Crude remains stuck between strong…
A new report reveals that…
According to documents that have recently been obtained by Bloomberg News this month, the Royal Canadian Mounted Police (RCMP), Public Safety Department, and Communications Security Establishment Canada, have all investigated…
Following the evacuation and abandonment of 596 oil platforms in the Gulf of Mexico ahead of Hurricane Isaac, 377 are now manned once more, although oil and natural gas production…
Robotic Drilling Systems AS is a Norwegian based company that has just signed a deal with NASA which will help it in its dream of developing a fully automated drilling…
Whilst much of the US is facing the worst drought in 50 years, another part is suffering the effects of too much water.Torrential rains caused by Hurricane Isaac…
Since 2000, the middle class has shrunken in size. It has fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future.
Pirates hijacked a Greek-operated oil tanker off the coast of Togo and stole 3,000 tons of oil cargo, releasing the ship back to the captain on Thursday, news agencies reported.…
Russian oligarch Roman Abramovich has won a $6.8 billion lawsuit stemming from allegations that he bullied fellow oligarch Boris Berezovsky into selling shares at below market prices in Russian oil…
Officials in Juba, South Sudan, told media this week that it will take up to a year to restart full oil production due to damage caused to hydrocarbon infrastructure during…
India’s privately owned Esser Oil has reportedly increased imports of Iranian oil by one-third in July and has renewed its deal with Iran for the purchase of 100,000 bdp in…
US companies and individuals have been prohibited from doing business with Mexican oil company ADT Petroservicios and the company’s US assets have been frozen due to owner Francisco Antonio Colorado…
Wednesday saw natural gas futures up nearly 1% on news that Hurricane Isaac would push more production offline and potentially damage the natural gas infrastructure in the affected region. Nearly…
Saudi Aramco, Saudi Arabia’s state-owned oil giant, has recovered, with its 30,000 computers back online after a major computer virus apparently launched by a group called the Cutting Sword of…
During the summit of the Non-Aligned Movement (NAM) in Tehran, Iranian Supreme Leader Ayatollah Ali Khamenei told the 120 state leaders gathered that Iran had no intention of pursuing nuclear…
Mexico’s state-owned Pemex oil has announced a major oil discovery in the deep waters of the Gulf of Mexico that Mexican President Felipe Calderon is touting as promising one-third of…
Four Scottish renewable energy companies are competing for a £10m Saltire Prize for the development of wave and tidal energy devices in Scottish waters. ScottishPower Renewables, Aquamarine Power, Pelamis Wave…
US automaker General Motors Co. has announced it will halt production of the Chevrolet Volt electric car for four weeks, citing the car’s failure to meet targeted sales projections, according…
As gas prices continued to climb yesterday, industry analysts are predicting the increasing likelihood that the US will draw from its strategic oil and gas reserves in the face of…
Russian Gazprom on Monday signed an agreement for the construction of the Bulgarian section of its South Stream gas pipeline with Bulgaria’s National Energy Holdings. Gazprom Deputy CEO…
A huge thermoelectric power plant joint venture between Brazil’s MPX Energia SA and Germany’s E.ON has been sidelined by a Chilean court over environmental concerns. Earlier this week,…
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.7 percent…