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News

What Can We Expect From A Saudi Aramco IPO?

What Can We Expect From A Saudi Aramco IPO?

Feb 05, 2016 at 16:53 | Allen Gilmer

Muhammad bin Salman, the Kingdom of Saudi Arabia’s (KSA) Deputy Crown Prince, has publicly stated his personal support for selling shares to the public in…

Six OPEC Members, Plus Russia, Now Open to Emergency Meeting

Six OPEC Members, Plus Russia, Now Open to Emergency Meeting

Feb 04, 2016 at 15:48 | Charles Kennedy

Oil prices have whipsawed back and forth over the past two weeks, largely due to the rise and fall of expectations that OPEC might call an…

Unrest In Moldova After Shady Energy Deals

Unrest In Moldova After Shady Energy Deals

Feb 04, 2016 at 15:29 | Eurasianet

The anti-government protests in Moldova are not just about political power; they are also driven in part by a desire for greater transparency. One source of…

Plastics Industry Latest Victim Of Low Oil Prices

Plastics Industry Latest Victim Of Low Oil Prices

Feb 03, 2016 at 15:57 | Andy Tully

Energy companies aren’t the only victims of the persistent plunge in oil prices. Now the plastics industry is beginning to take a hit. South Korea’s biggest…

UK Gas Providers Slashing Prices

UK Gas Providers Slashing Prices

Feb 03, 2016 at 15:42 | Andy Tully

Half of Britain’s “big six” energy suppliers are now offering, or plan to offer, discounts of at least 5 percent to their retail customers amid a…

Shell Needs To Divest Assets In Order To Afford BG Deal

Shell Needs To Divest Assets In Order To Afford BG Deal

Feb 02, 2016 at 16:13 | Andy Tully

Royal Dutch Shell is selling even more assets as it tries to cope with the persistent fall in the price of oil and its controversially expensive…

Dominion Continues Coal To Gas Switch With $4.4 Billion Deal

Dominion Continues Coal To Gas Switch With $4.4 Billion Deal

Feb 02, 2016 at 15:59 | Andy Tully

Dominion Resources Inc., the power utility based in Richmond, Va., is the latest U.S. utility to expand its operations, reaching out West by offering to buy…

OPEC’s Serious Decline Forecast For U.S. Shale Is Exaggerated

OPEC’s Serious Decline Forecast For U.S. Shale Is Exaggerated

Feb 01, 2016 at 15:50 | Andy Tully

OPEC is betting that its price war to reclaim market share, mostly from drillers in North America, will force reduced investment in the region this year,…

Japan Reboots Third Nuclear Reactor, LNG Import Forecasts Lowered

Japan Reboots Third Nuclear Reactor, LNG Import Forecasts Lowered

Feb 01, 2016 at 14:47 | Andy Tully

Japan has taken another step toward making nuclear power a key part of its energy profile, but some say that step, while small in terms of…

These Oilfield Service Giants Are Feeling The Squeeze

These Oilfield Service Giants Are Feeling The Squeeze

Jan 29, 2016 at 16:26 | Andy Tully

The 19-month-old dive in the price of oil has left few options for oilfield services companies, which provide energy companies with the nuts and bolts they…

Solar Industry Gets A Victory In California

Solar Industry Gets A Victory In California

Jan 29, 2016 at 16:21 | Andy Tully

The solar power industry is welcoming California’s decision to continue its program of allowing homes and businesses with rooftop solar panels to sell excess energy back to their local utilities…

Terrorists Blow Up Kurdish Pipeline

Terrorists Blow Up Kurdish Pipeline

Jan 29, 2016 at 11:23 | Charles Kennedy

An explosion was reported at a gas pipeline in Kurdistan early on Friday morning. The pipeline feeds gas to Kurdistan’s electric power grid, and is…

Israel Calls On Turkey To End ISIS Oil Trade

Israel Calls On Turkey To End ISIS Oil Trade

Jan 29, 2016 at 10:25 | ZeroHedge

Back in November, before the flames were even extinguished on the Su-24 Ankara shot down near the Syrian border, Vladimir Putin made a startling assertion. Turkey, he…

Israel Fends Off Unknown Hackers’ Cyberattack On Power Company

Israel Fends Off Unknown Hackers’ Cyberattack On Power Company

Jan 28, 2016 at 14:24 | Andy Tully

Israel is so far managing to counter a potentially crippling cyberattack on its national Electric Authority, but has yet to defeat it completely. Energy Minister Yuval…

Shell-BG Merger Green-lighted By Shareholders

Shell-BG Merger Green-lighted By Shareholders

Jan 28, 2016 at 14:11 | Andy Tully

Shareholders of Royal Dutch Shell and BG Group have given their final approval to a merger of the companies, despite concern among some Shell shareholders that…

Gazprom Ups Pressure On Georgia With New Gas Transit Deal

Gazprom Ups Pressure On Georgia With New Gas Transit Deal

Jan 28, 2016 at 14:00 | The Jamestown Foundation

The Vice Prime Minister and Minister of Energy of Georgia, Kakha Kaladze, and a top official at the Russian energy giant Gazprom, Yelena Burmistrova, failed to…

Iran Wasting No Time; Inks Deals With Italy And France

Iran Wasting No Time; Inks Deals With Italy And France

Jan 27, 2016 at 16:25 | Andy Tully

Balancing Iran’s increasingly closer ties with Russia and China, Iranian President Hassan Rouhani is touring Europe to drum up as much renewed business with the West…

Houston Feels The Oil Price Pinch As Office Space Vacancies Grow

Houston Feels The Oil Price Pinch As Office Space Vacancies Grow

Jan 27, 2016 at 16:21 | Andy Tully

The almost pitifully low price of oil isn’t affecting just rig counts in North America. Cities whose economies rely heavily on the energy industry also are…

Sanctions And Low Oil Prices Deepen Russian Recession

Sanctions And Low Oil Prices Deepen Russian Recession

Jan 26, 2016 at 16:43 | Andy Tully

The Russian economy’s heavy reliance on energy, plus Western sanctions imposed because of Moscow’s role in the Ukraine conflict, have left the country in its worst…

Greece Is First EU Country Out Of The Gate To Buy Iranian Oil

Greece Is First EU Country Out Of The Gate To Buy Iranian Oil

Jan 26, 2016 at 16:42 | Andy Tully

Greece, once a leading European customer of Iranian oil before the imposition of Western sanctions in 2012, will be the first European country to resume buying…

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