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U.S. Drilling Activity Continues to Drop Off

U.S. Drilling Activity Continues to Drop Off

The total number of active…

High Interest Rates Are Crushing Renewable Energy Projects

High Interest Rates Are Crushing Renewable Energy Projects

The renewable energy sector faces…

Iran's Attack on Israel Sparks Global Concerns of Escalation

Iran's Attack on Israel Sparks Global Concerns of Escalation

Diplomatic and political leaders worldwide…

News

Russia Weathering Oil Price Plunge Better than Expected

Russia Weathering Oil Price Plunge Better than Expected

Jun 02, 2015 at 15:39 | Andy Tully

The World Bank says Russia’s economy may not be headed for as bad a recession as previously forecasted, yet it stressed that global economic ambiguities leave the outlook uncertain.

North Sea Oil Weighing Down British Economy

North Sea Oil Weighing Down British Economy

Jun 02, 2015 at 15:29 | Andy Tully

The output of oil and gas from Britain’s North Sea energy sector, plus disappointing export numbers, are beginning to weaken manufacturing in the kingdom and threatening…

Natural Gas To Become Fuel Of Choice In This ‘Coal State’

Natural Gas To Become Fuel Of Choice In This ‘Coal State’

Jun 01, 2015 at 16:40 | Andy Tully

Kentucky has long been a coal state, and as such has consistently resisted efforts by the federal government to limit greenhouse gas emissions from its coal-fired…

Kazakhstan To Become U.N. Nuclear ’Fuel Bank’

Kazakhstan To Become U.N. Nuclear ’Fuel Bank’

Jun 01, 2015 at 16:13 | Andy Tully

Kazakhstan, once one of the largest repositories of nuclear weapons, is now qualified to become a “fuel bank” for low-enriched uranium for the United Nations’ International…

Pipeline Owner Must Finish Clean-up Of California Spill

Pipeline Owner Must Finish Clean-up Of California Spill

May 29, 2015 at 16:51 | Andy Tully

A pipeline company says it will comply with an order from the federal government that it must, under federal supervision, finish the job of cleaning up…

Obama Limits Drilling To Protect Sage Grouse

Obama Limits Drilling To Protect Sage Grouse

May 29, 2015 at 16:43 | Andy Tully

There used to be millions of greater sage grouse, chicken-like birds that roamed the American West. But environmentalist say that by 2010 there were only…

U.S Energy Department To Invest $32 Million In Solar Jobs

U.S Energy Department To Invest $32 Million In Solar Jobs

May 28, 2015 at 16:16 | Andy Tully

The U.S. Department of Energy (DOE) is setting aside $32 million to help promote new jobs and research in the nation’s solar energy industry in an effort to accelerate the…

Saudi-Kuwait Oilfield Stays Shut Amid Operational Dispute

Saudi-Kuwait Oilfield Stays Shut Amid Operational Dispute

May 28, 2015 at 15:44 | Andy Tully

Work at an oilfield run by both Kuwait and Saudi Arabia was suspended on May 11, ostensibly for maintenance, but the project remains closed to allow…

Iran Claims To Have Foiled U.S Cyber Attack On Oil Ministry

Iran Claims To Have Foiled U.S Cyber Attack On Oil Ministry

May 27, 2015 at 16:35 | Andy Tully

Iran says its Islamic Republic Cyber Police, known as FATA, has successfully prevented attempted cyber-attacks from the United States on its Oil Ministry. “The Cyber Attacks…

Eni Reports Second Gas Find Offshore Libya This Year

Eni Reports Second Gas Find Offshore Libya This Year

May 27, 2015 at 16:30 | Andy Tully

The Italian energy company Eni has discovered a gas and condensate deposit in the rich Bouri Field off the coast of Libya, the second such discovery…

Oil Majors Falling Out Favor With This Hedgefund Boss

Oil Majors Falling Out Favor With This Hedgefund Boss

May 26, 2015 at 15:51 | Andy Tully

 Huge oil companies, among the largest businesses in the world, don’t excite hedge fund manager Jim Chanos because today they have to work harder and more…

Macedonia Caught In East-West Pipeline Tug-Of-War

Macedonia Caught In East-West Pipeline Tug-Of-War

May 26, 2015 at 14:38 | Andy Tully

The tiny Balkan state of Macedonia can now join neighboring Greece as a pawn in the tug-of-war between Moscow and the West on developing alternative routes…

Iran Wants To Overcome Differences With Saudi-Arabia

Iran Wants To Overcome Differences With Saudi-Arabia

May 25, 2015 at 16:09 | Andy Tully

Iran’s oil minister, Bijan Zanganeh, says that despite their general differences over Islam and specific quarrel over Yemen, his country and Saudi Arabia have more in common than may be…

This African Country Sees A Nuclear Future

This African Country Sees A Nuclear Future

May 25, 2015 at 15:05 | Andy Tully

The 2011 meltdown at Japan’s Fukushima nuclear power plant has had a chilling effect on the global nuclear power industry, and has forced a rethink of nuclear power even in…

Israel Refuses To Pay Old Oil Debt To Iran

Israel Refuses To Pay Old Oil Debt To Iran

May 22, 2015 at 16:43 | Andy Tully

Israel is refusing to comply with an order by a Swiss court that it pay $1.1 billion that it has owed to Tehran since before Iran’s 1979 Islamic revolution for…

These Factors Could Push Oil Prices Higher

These Factors Could Push Oil Prices Higher

May 22, 2015 at 16:37 | Andy Tully

Oil prices rose slightly last week on a variety of news, the most important being word that U.S. inventories have declined further, as well as stronger…

Texas Showing Signs Of Low Oil Price Pressure

Texas Showing Signs Of Low Oil Price Pressure

May 22, 2015 at 11:49 | Ron Patterson

The Texas RRC is out with their latest Oil and Gas Production Data. Looks like oil production has leveled out with March production pretty much…

Shell CEO Defiant On Arctic Drilling

Shell CEO Defiant On Arctic Drilling

May 21, 2015 at 15:32 | Andy Tully

Royal Dutch Shell CEO Ben van Beurden says that whereas the Anglo-Dutch company is aware of the dangers that fossil fuels pose to the environment, it…

Transocean Settles For $211 Million In Deepwater Horizon Spill

Transocean Settles For $211 Million In Deepwater Horizon Spill

May 21, 2015 at 15:24 | Andy Tully

The three companies with official responsibility for the 2010 Gulf of Mexico disaster have reached settlements with individuals, businesses and with one another for the worst…

BP Seeks Partner To Explore Waters Off Southern Australia

BP Seeks Partner To Explore Waters Off Southern Australia

May 20, 2015 at 15:46 | Andy Tully

While Royal Dutch Shell is determined to explore the Arctic for energy, rival BP is looking south, proceeding with its plan, expected to cost more…

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