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News

Current Crisis May Be A Blessing In Disguise For Russia

Current Crisis May Be A Blessing In Disguise For Russia

Apr 15, 2015 at 15:10 | Yale Global

Oil and sustainability: Russian President Vladimir Putin opens the Siberian crude oil pipeline to China (top); western…

How Russia And Iran Are Sidestepping Western Sanctions

How Russia And Iran Are Sidestepping Western Sanctions

Apr 14, 2015 at 15:56 | Andy Tully

An oil-for-goods barter system between Iran and Russia is well under way and is not affected by the sanctions imposed on some trade with Iran because…

Technology To Clean Up Fukushima Plant Doesn’t Exist Yet

Technology To Clean Up Fukushima Plant Doesn’t Exist Yet

Apr 14, 2015 at 15:51 | Andy Tully

The once-promising, shape-shifting robot designed specifically to assess the status of the No. 1 Fukushima Daiichi power plant has stalled and likely broken down completely, leaving…

Shell’s Arctic Fate To Be Decided Soon

Shell’s Arctic Fate To Be Decided Soon

Apr 13, 2015 at 15:07 | Andy Tully

The US government has begun its full review of an application by Royal Dutch Shell to resume offshore drilling for oil and gas in the Arctic…

Deepwater Horizon’s 5 Year Anniversary Comes With New Regulations

Deepwater Horizon’s 5 Year Anniversary Comes With New Regulations

Apr 13, 2015 at 14:59 | Andy Tully

The Obama administration is proposing a new regulation on offshore oil and gas drilling meant to prevent the kind of accident that caused the deadly explosion…

World Oil Demand On The Rise Says Saudi Oil Minister

World Oil Demand On The Rise Says Saudi Oil Minister

Apr 10, 2015 at 17:18 | Andy Tully

Saudi Arabia’s oil production was up to 10.3 million barrels in March, and an senior Saudi energy official says that will meet an annual global rise in demand of as…

Iran And China Settle Old Differences To Decide Shared Energy Future

Iran And China Settle Old Differences To Decide Shared Energy Future

Apr 09, 2015 at 16:47 | Andy Tully

Iranian Oil Minister Bijan Zanganeh went to Beijing this week to discuss providing increased oil to China, when and if sanctions are lifted, and to settle…

Shell/BG Merger Could Be The Start Of A Major Trend In 2015

Shell/BG Merger Could Be The Start Of A Major Trend In 2015

Apr 09, 2015 at 16:42 | Andy Tully

Now that Royal Dutch Shell has offered to buy BG Group for $69.6 billion, all attention is moving from a laser focus on this merger to…

U.S. Gasoline Prices To Remain Low Through The Summer

U.S. Gasoline Prices To Remain Low Through The Summer

Apr 08, 2015 at 16:23 | Andy Tully

For American motorists the news is good: The price of gasoline during the coming summer driving season will remain at its lowest since 2009. For oil…

Shell Confirms $69.6bln. Bid To Take Over BG Group

Shell Confirms $69.6bln. Bid To Take Over BG Group

Apr 08, 2015 at 16:20 | Andy Tully

Energy giant Royal Dutch Shell intends to buy BG Group for $69.6 billion to create the largest company dealing in liquefied natural gas (LNG) and eliminate…

Stronger Rail Cars Needed To Stop Oil “Bomb Trains”

Stronger Rail Cars Needed To Stop Oil “Bomb Trains”

Apr 07, 2015 at 16:44 | Andy Tully

The National Transportation Safety Board (NTSB), citing recent fiery train crashes, wants new regulations requiring that oil tank rail cars be replaced or at least modified…

Russia Reaches Oil And Gas Agreement With Vietnam

Russia Reaches Oil And Gas Agreement With Vietnam

Apr 07, 2015 at 16:42 | Andy Tully

The Russian oil company Gazprom Neft has tentatively agreed to buy a 49 percent share of Vietnam’s only oil refinery and to join with PetroVietnam in…

Russian-Ukrainian Relations Thaw Slightly Over New Gas Deal

Russian-Ukrainian Relations Thaw Slightly Over New Gas Deal

Apr 06, 2015 at 16:04 | Andy Tully

Two weeks ago, Ukraine said it would suspend importing Russian gas when the countries’ contract expired on March 31, primarily because of the high price,…

Libya’s Ongoing Conflict For Control Of Oil Exports

Libya’s Ongoing Conflict For Control Of Oil Exports

Apr 06, 2015 at 16:04 | Andy Tully

Libya’s internationally recognized government of Prime Minister Abdullah al-Thinni plans to sell the country’s oil itself and shift proceeds to a friendly foreign bank to keep…

Did China’s ‘Warren Buffett’ Rig His Own Stocks?

Did China’s ‘Warren Buffett’ Rig His Own Stocks?

Apr 06, 2015 at 15:54 | ZeroHedge

With 30% of the 'money' in Chinese stocks officially 'dumb money' and leverage of epic proportions, it is hardly surprising that the wealthiest of wealthy are - allegedly - taking…

British Companies Find Oil Off Falklands; Argentina Threatens Prosecution

British Companies Find Oil Off Falklands; Argentina Threatens Prosecution

Apr 03, 2015 at 17:30 | Andy Tully

The UK and Argentina marked the 33rd anniversary of the start of their 10-week Falklands War with British energy companies announcing the discovery of oil and…

OPEC Revenues Suffer In Oil Price War Of Attrition

OPEC Revenues Suffer In Oil Price War Of Attrition

Apr 02, 2015 at 17:30 | Andy Tully

The 9-month-old plunge in the price of oil combined with a decrease in exports cut into OPEC’s net earnings in 2014, according to estimates by the…

Delayed Effects Of Sanctions Could Prolong Russian Recession

Delayed Effects Of Sanctions Could Prolong Russian Recession

Apr 02, 2015 at 17:24 | Andy Tully

Strong Western sanctions and the steep drop in oil prices have formed a one-two punch that will leave the Russian economy in worse shape than economists…

BP Shifts Blame For Deepwater To U.S. Subsidiary

BP Shifts Blame For Deepwater To U.S. Subsidiary

Apr 01, 2015 at 17:43 | Andy Tully

BP faces fines of up to $13.7 billion for the 2010 Deepwater Horizon disaster in the Gulf of Mexico, but argues that it can’t afford to…

Cold Weather And Low Oil Prices Conspire Against Canadian Economy

Cold Weather And Low Oil Prices Conspire Against Canadian Economy

Apr 01, 2015 at 17:34 | Andy Tully

To no one’s surprise, Canada’s economy shrank in January due to declines in both wholesale and retail sales, both affected by sluggish construction and manufacturing attributable in part to the…

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