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News

Arctic Drilling Dead? This Company Hopes To Prove That Wrong

Arctic Drilling Dead? This Company Hopes To Prove That Wrong

Dec 15, 2015 at 15:25 | Andy Tully

Hilcorp Energy Co., known for its innovative ways to extract oil, has decided that there’s more than one way to tap the resources beneath the Arctic…

Suicide Rate Soars In Alberta As Job Losses Mount

Suicide Rate Soars In Alberta As Job Losses Mount

Dec 15, 2015 at 15:10 | Andy Tully

The suicide rate in Alberta, Canada’s once thriving oil province, is soaring this year as persistently low oil prices lead to layoffs throughout the country’s energy…

With Oil at $36/barrel, Have Democrats just Won the Presidency?

With Oil at $36/barrel, Have Democrats just Won the Presidency?

Dec 15, 2015 at 10:59 | Juan Cole

The price of petroleum fell Monday to levels not seen since the crash of 2008, at one point hitting $35 a barrel in New York.…

This Major SEC Move On Mining, Oil And Gas Is Back On Again

This Major SEC Move On Mining, Oil And Gas Is Back On Again

Dec 15, 2015 at 09:41 | Dave Forest

Big regulatory news for the natural resources sector last Friday. With the U.S. Securities and Exchange Commission (SEC) releasing a new draft of a controversial set of disclosure rules for…

Russia Sees No Oil Price Recovery In The Coming 7 Years

Russia Sees No Oil Price Recovery In The Coming 7 Years

Dec 14, 2015 at 16:37 | Andy Tully

“Lower for longer” is becoming the catch phrase of the global oil industry, as an increasing number of energy executives and government officials alike see no…

Only Investors Can Plant The Seed For An Oil Price Rebound

Only Investors Can Plant The Seed For An Oil Price Rebound

Dec 14, 2015 at 16:28 | Kurt Cobb

The dramatic drop in oil prices has created what are called "zombie" companies, oil companies which can still afford to pay interest on huge debts,…

ISIS Oil Operations Difficult To Stop Says U.S. Official

ISIS Oil Operations Difficult To Stop Says U.S. Official

Dec 11, 2015 at 15:51 | Andy Tully

A high-ranking official of the U.S. Treasury says the government of Syrian President Bashar al-Assad has bought “millions and millions of dollars” in oil from the Islamic State (IS), though…

Can VW’s Top Management Have Missed 10 Years Of Emissions Cheating?

Can VW’s Top Management Have Missed 10 Years Of Emissions Cheating?

Dec 11, 2015 at 15:45 | Andy Tully

Fully 10 years ago, Volkswagen saw an opportunity to sell more cars in the United States by introducing diesel-powered vehicles, known for their fuel economy and low greenhouse gas emissions.…

IEA Chief Sees No Oil-Price Recovery Until 2017

IEA Chief Sees No Oil-Price Recovery Until 2017

Dec 10, 2015 at 16:13 | Andy Tully

The International Energy Agency (IEA) expects oil prices to remain low through 2016, but forecasts a rebound to begin in 2017 as the current oil glut…

Egypt Forced to Pay Israel $1.7 Billion Over Broken Gas Contract

Egypt Forced to Pay Israel $1.7 Billion Over Broken Gas Contract

Dec 10, 2015 at 15:58 | Andy Tully

Despite its ever-closer energy ties with Egypt, Israel intends to collect $1.76 billion awarded by an international arbitration court because Cairo suspended a gas supply contract…

Russia’s Nord-Stream Pipeline Causing Unrest In Eastern Europe

Russia’s Nord-Stream Pipeline Causing Unrest In Eastern Europe

Dec 09, 2015 at 12:38 | Andy Tully

Gazprom, Russia’s state-owned gas company, says it will begin shipping fuel to customers in Europe through its Nord Stream 2 pipeline in about four years, but…

Anglo American Slashes 85,000 Jobs On Commodities Bust

Anglo American Slashes 85,000 Jobs On Commodities Bust

Dec 09, 2015 at 12:38 | Andy Tully

When energy executives say they expect prices will be “lower for longer,” they’re not talking only about oil. The slump affects the entire commodities industry. The…

Global Rig Count Imploding, Except Middle-East

Global Rig Count Imploding, Except Middle-East

Dec 08, 2015 at 16:26 | Andy Tully

With oil prices persistently low, it’s no surprise that rig counts worldwide in November were 16 percent lower than they were a year earlier. The drop would have been even…

Iran Rolls Out Ambitious Downstream Strategy

Iran Rolls Out Ambitious Downstream Strategy

Dec 08, 2015 at 16:19 | Andy Tully

Iran reportedly plans to streamline its impending sales of oil to Europe by building refineries there and has closed or is working on deals to do…

Kazakhstan’s Giant Oil Field Set To Open In 2016

Kazakhstan’s Giant Oil Field Set To Open In 2016

Dec 08, 2015 at 14:55 | Eurasianet

As oil prices sink to impressive new lows, Kazakhstan is declaring, once again, that its giant Kashagan field will begin working at the end of 2016.…

Iran Joins Dispute Between Turkey and Russia

Iran Joins Dispute Between Turkey and Russia

Dec 07, 2015 at 16:18 | Andy Tully

Tehran says it is trying to ease the tensions that have been growing between Ankara and Moscow since Turkey downed a Russian fighter jet last month,…

China’s Bold Plan for Renewable Energy

China’s Bold Plan for Renewable Energy

Dec 07, 2015 at 16:13 | Andy Tully

Eighteen months ago, China, which has been the world’s largest air polluter for nearly a decade, announced that for the first time it would put an…

Glencore Cuts 80 Percent Of Jobs Here As Coal Demand Tanks

Glencore Cuts 80 Percent Of Jobs Here As Coal Demand Tanks

Dec 07, 2015 at 14:16 | MINING.com

Mining and commodities giant Glencore (LON:GLEN) said Monday it is cutting production and 80% of the remaining staff at its Collinsville mine in Australia’s North Queensland as a result of…

Google Aiming To Be 100 Percent Green By 2025

Google Aiming To Be 100 Percent Green By 2025

Dec 04, 2015 at 16:08 | Andy Tully

Almost any family can make itself entirely reliant on clean, renewable energy using such simple steps as powering its home with solar panels and relying on…

More ISIS Oil Evidence Against Erdogan

More ISIS Oil Evidence Against Erdogan

Dec 04, 2015 at 11:44 | ZeroHedge

On Thursday, Turkish PM Ahmet Davutoglu said the following about Russia’s allegations that Turkey and more specifically, President Recep Tayyip Erdogan and his family, are involved…

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