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News

For Shell and Exxon, Timing Is Key For Surviving Oil's Price Plunge

For Shell and Exxon, Timing Is Key For Surviving Oil's Price Plunge

Mar 12, 2015 at 17:44 | Andy Tully

When it comes to surviving the plunge in oil prices, timing is everything. While many oil companies large and small are reducing, postponing or outright abandoning costly future projects to…

Europe Turns To Turkey As Alternative To Russian Energy

Europe Turns To Turkey As Alternative To Russian Energy

Mar 12, 2015 at 17:35 | Andy Tully

The European Commission (EC) plans to tighten its relations with several nations, including Turkey, as a part of the Continent’s effort to lessen its dependence on…

‘Pee Power’ A New Way To Light Up Refugee Camps

‘Pee Power’ A New Way To Light Up Refugee Camps

Mar 11, 2015 at 17:13 | Andy Tully

“Pee If You Want to Help Refugees.” Not exactly a zinger of a bumper sticker, and it sounds a bit daffy, but it’s actually a serious…

Coal Industry Takes Another Hit

Coal Industry Takes Another Hit

Mar 11, 2015 at 16:19 | Andy Tully

PNC Financial Services Group, the seventh-biggest US bank, has given in to environmental and financial pressure to dramatically reduce the financing it provides to companies that…

What Is Holding Solar Back?

What Is Holding Solar Back?

Mar 10, 2015 at 16:33 | Andy Tully

For years, solar energy has been widely viewed as a promise of clean, abundant energy that simply can’t be kept because of its inefficiency expense. But…

A Look At The World’s Largest Underground Mine

A Look At The World’s Largest Underground Mine

Mar 10, 2015 at 16:20 | MINING.com

MINING.com toured Chile’s El Teniente mine, the world's largest underground copper operation and the sixth biggest copper mine by reserve size.

Gas Deal With BP Puts Egypt Back On Energy Map

Gas Deal With BP Puts Egypt Back On Energy Map

Mar 09, 2015 at 17:07 | Andy Tully

Egypt’s deal with BP to jointly invest $12 billion to develop offshore gas fields shows that oil companies’ faith in the country’s political stability is gradually…

US Oil Major Settles Out Of Court In Amazon Pollution Case

US Oil Major Settles Out Of Court In Amazon Pollution Case

Mar 09, 2015 at 17:02 | Andy Tully

The American oil giant Occidental Petroleum Corp. has agreed to an undisclosed out-of-court settlement with members of a tribe of Peruvian natives in the Amazon basin,…

Solar Plane Begins Round-The-World Journey

Solar Plane Begins Round-The-World Journey

Mar 09, 2015 at 16:53 | Climate Progress

  Credit: Courtesy Of Solar Impulse© On Monday in Abu Dhabi, two Swiss pilots set off in a solar-powered airplane in…

Exxon Lawsuit - How $8.9 Billion Becomes $250 Million

Exxon Lawsuit - How $8.9 Billion Becomes $250 Million

Mar 06, 2015 at 15:26 | Andy Tully

New Jersey Gov. Chris Christie’s administration’s assertion that it worked “aggressively” to ensure that Exxon Mobil Corp. reimbursed the state for environmental contamination isn’t changing any…

Canadian Oil Giant Bucks The Trend, Triples 4th-Quarter Profit

Canadian Oil Giant Bucks The Trend, Triples 4th-Quarter Profit

Mar 06, 2015 at 15:19 | Andy Tully

The precipitous drop in oil prices since last June has been bad financial news to oil companies big and small, some suffering lower profits in the…

Long Road Ahead For Proposed TransCanada Pipeline

Long Road Ahead For Proposed TransCanada Pipeline

Mar 05, 2015 at 16:32 | Andy Tully

Canada’s National Energy Board (NEB) has been inundated by more than 1,800 applications from people interested in taking part in hearings on the proposed Energy East…

France’s Areva Desperately Cutting Costs To Survive

France’s Areva Desperately Cutting Costs To Survive

Mar 05, 2015 at 16:27 | Andy Tully

France’s state-owned nuclear enterprise Areva, coming off four straight years of losses, is focusing its attention on cost-cutting to restore its financial health, but also plans…

Ohio Suing BP For $33.3 Million

Ohio Suing BP For $33.3 Million

Mar 04, 2015 at 16:58 | Andy Tully

Ohio is suing BP for $33.3 million, saying it “double-dipped” by taking not only state money but also reimbursement from insurers to clean up spills from…

Global Crude Oil Production Growth Grinding To A Halt

Global Crude Oil Production Growth Grinding To A Halt

Mar 04, 2015 at 16:53 | Euan Mearns

This is the third in a monthly series of posts chronicling the action in the global oil market in 13 key charts. The February 2015 post…

Iran-U.S. Make Progress In Latest Nuclear Talks

Iran-U.S. Make Progress In Latest Nuclear Talks

Mar 04, 2015 at 16:31 | RFE/RL staff

U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif have wrapped up three days of talks over Iran's nuclear program, as a…

EU Gas Supply Safe Until March After Russia-Ukraine Deal

EU Gas Supply Safe Until March After Russia-Ukraine Deal

Mar 03, 2015 at 16:20 | Andy Tully

Moscow and Kiev have agreed that Russian gas shipments to all of Ukraine, including some rebel-held areas of eastern Ukraine, will continue through March, and so…

EIA Data Shows Rig Count Doesn’t Matter

EIA Data Shows Rig Count Doesn’t Matter

Mar 03, 2015 at 16:02 | Ron Patterson

The EIA has published their Petroleum Supply Monthly with all US production numbers through December 2014. The chart below shows the largest changes in December and Yearly production. Almost…

Despite Oil Price Plunge, California Gasoline Prices Soar

Despite Oil Price Plunge, California Gasoline Prices Soar

Mar 02, 2015 at 16:10 | Andy Tully

While the low price of gasoline has many in the United States considering a return to fuel-hungry vehicles, the price actually has been rising in the…

Russia Considers Letting Chinese Buy Controlling Stakes In Energy Fields

Russia Considers Letting Chinese Buy Controlling Stakes In Energy Fields

Mar 02, 2015 at 16:05 | Andy Tully

Russia has reversed its long-held opposition to selling foreign investors majority stakes in its strategic oil and gas fields, saying there would now be “no political…

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