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News

Eni, Repsol Begin Production At Huge Gas Field Off Venezuela

Eni, Repsol Begin Production At Huge Gas Field Off Venezuela

Jul 07, 2015 at 13:45 | Andy Tully

Eni, Italy’s energy giant, and Repsol of Spain have begun production at the Perla gas field off the coast of Venezuela, the largest known offshore deposit…

Iranian Oil Exports To Double Following Nuclear Deal

Iranian Oil Exports To Double Following Nuclear Deal

Jul 06, 2015 at 17:05 | Andy Tully

While not predicting that Tehran and six world powers will strike a deal by the July 7 deadline, a senior Iranian oil official says his country…

Energy Hungry India To Import More Canadian Crude

Energy Hungry India To Import More Canadian Crude

Jul 06, 2015 at 16:51 | Andy Tully

India is becoming increasingly interested in Canadian oil in its effort to reduce energy dependence on the Middle East, and Canada is interested in India as…

EU Pushes Russia and Ukraine to Resolve Gas Dispute

EU Pushes Russia and Ukraine to Resolve Gas Dispute

Jul 03, 2015 at 15:50 | Andy Tully

The European Union is urging Moscow to resume negotiations quickly in an effort to resolve its latest pricing dispute with Kiev that has suspended gas to…

Puerto Rico A Mess, But So Far Avoids Default

Puerto Rico A Mess, But So Far Avoids Default

Jul 03, 2015 at 15:26 | Andy Tully

Despite the non-stop concern about Puerto Rico’s fiscal crisis, there’s at least one bit of good news: Its Electric Power Authority (PREPA) has managed to avoid defaulting on debt worth…

New Trial for BP Engineer Involved in Deepwater Horizon

New Trial for BP Engineer Involved in Deepwater Horizon

Jul 02, 2015 at 15:52 | Andy Tully

It seems that the news stemming from the investigation into the Deepwater Horizon oil spill in the Gulf of Mexico has been consistently bad for BP…

Can This Robot Make French Nuclear Power Plants Safer?

Can This Robot Make French Nuclear Power Plants Safer?

Jul 01, 2015 at 15:28 | Andy Tully

No, RIANA isn’t a pop star (she spells her name differently), but it could become extremely popular, especially among the nuclear energy crowd. RIANA is the…

Canada’s Carbon Emissions Rules Sparks Hopes For Keystone

Canada’s Carbon Emissions Rules Sparks Hopes For Keystone

Jul 01, 2015 at 15:19 | Andy Tully

TransCanada Corp. has written to U.S. Secretary of State John Kerry arguing that new Canadian rules on emissions should persuade him to approve the construction of…

Gazprom Reduces Discount For Gas To Ukraine

Gazprom Reduces Discount For Gas To Ukraine

Jun 30, 2015 at 14:27 | Andy Tully

For the next three months Ukraine will keep getting a discount on the gas it imports from neighboring Russia, but the discount will be smaller than…

British Shale Industry Just Took Another Blow

British Shale Industry Just Took Another Blow

Jun 30, 2015 at 14:18 | Andy Tully

Everybody seemed to want it but the people of Lancashire County in northwestern England. The national government in London supports hydraulic fracturing, or fracking, to release…

Argentina Plans Asset Seizure Of Falkland Oil Companies

Argentina Plans Asset Seizure Of Falkland Oil Companies

Jun 29, 2015 at 16:23 | Andy Tully

Is it just election fever, or is Argentina serious about reclaiming the Falklands Islands?Presidential elections loom in the country in October, so perhaps it’s not surprising that a…

Chinese Oil Rig Returns To Vietnam Coast

Chinese Oil Rig Returns To Vietnam Coast

Jun 29, 2015 at 16:02 | Andy Tully

Beijing may be stirring up new resentment among nations bordering the South China Sea by moving an oil rig back to an area of the coast of Vietnam.China’s…

Fukushima Not Even Close To Being Under Control

Fukushima Not Even Close To Being Under Control

Jun 26, 2015 at 16:42 | ZeroHedge

Fukushima’s still radiating, self-perpetuating, immeasurable, and limitless, like a horrible incorrigible Doctor Who monster encounter in deep space.Fukushima will likely go down in history as the biggest cover-up…

TransCanada Blames Low Energy Prices For Latest Job Cuts

TransCanada Blames Low Energy Prices For Latest Job Cuts

Jun 25, 2015 at 16:28 | Andy Tully

Oil prices may have been leveling off recently, but don’t tell that to TransCanada Corp, a pipeline company which this week laid off 185 people from…

Damaged Santa Barbara Pipeline Sees Exxon Halt Offshore Production

Damaged Santa Barbara Pipeline Sees Exxon Halt Offshore Production

Jun 25, 2015 at 16:23 | Andy Tully

Exxon Mobil Corp. has shut down production at three offshore oil platforms until it can come up with a way to resume transportation of the crude…

Oil Firms In Talks With Iran Ahead Of Nuclear Deal

Oil Firms In Talks With Iran Ahead Of Nuclear Deal

Jun 25, 2015 at 11:15 | RFE/RL staff

Executives from Royal Dutch Shell and Eni have met Iranian officials in Tehran to discuss investing in the country’s energy industry, the first time international oil…

Controversial Gazprom Pipeline Clears Hurdle

Controversial Gazprom Pipeline Clears Hurdle

Jun 24, 2015 at 16:11 | Andy Tully

Russia’s state-run gas company Gazprom says it has taken a step toward building the Turkish Stream pipeline by securing permission from Ankara to begin surveying waters…

Pipeline Giants Merger Still Possible After First Bid Fails

Pipeline Giants Merger Still Possible After First Bid Fails

Jun 24, 2015 at 16:05 | Andy Tully

The Williams Companies may have rejected a $53.1 billion buyout bid from Energy Transfer Equity [ETE], but the potential buyer’s boss says this is just the…

This Is How Russia Will Cut Out Ukraine

This Is How Russia Will Cut Out Ukraine

Jun 23, 2015 at 16:01 | ZeroHedge

This is an eventful period for EU-Russia gas relations. Six months ago Russian President Vladimir Putin surprised the energy world by dismissing the long-prepared South…

The New Big Oil Is State-Owned

The New Big Oil Is State-Owned

Jun 22, 2015 at 17:01 | ZeroHedge

From 2005 to 2015, global oil usage has only increased from 83 million to 93 million bpd (1.13% CAGR). However, the overall rate at which the…

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