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News

Ugandan Oil Industry Starts After 8 Years Of Delays

Ugandan Oil Industry Starts After 8 Years Of Delays

Feb 18, 2015 at 15:41 | Andy Tully

Nearly a decade has passed since Uganda discovered it had oil to offer the world, but finally it’s struck a deal with a consortium of companies…

Industry Relief As India Begins Coal Block Auctions

Industry Relief As India Begins Coal Block Auctions

Feb 18, 2015 at 15:36 | Metal Miner

India took its first step on the road to coal mining reform by initiating the auction of select coal blocks over the weekend. Environmentalists, though, were…

IEA Gets New Leader Everyone Can Agree On

IEA Gets New Leader Everyone Can Agree On

Feb 17, 2015 at 16:32 | Andy Tully

The International Energy Agency (IEA), which advises 29 industrialized countries on energy policy, has for the first time chosen one of its own to be its…

Rolls-Royce Roped Into Petrobras Corruption Scandal

Rolls-Royce Roped Into Petrobras Corruption Scandal

Feb 17, 2015 at 16:26 | Andy Tully

Rolls-Royce, the British engineering concern, has become the latest company to be linked to the web of corruption at Petroleos Brasiliero, or Petrobras, Brazil’s semi-public energy…

State Of Emergency In West Virginia Following Oil Train Explosion

State Of Emergency In West Virginia Following Oil Train Explosion

Feb 17, 2015 at 16:22 | Climate Progress

At least 14 rail cars of crude oil from a train owned by CSX Corp. are on fire in…

Judge Dismisses Suit Against Energy Companies Over Louisiana Erosion

Judge Dismisses Suit Against Energy Companies Over Louisiana Erosion

Feb 16, 2015 at 17:00 | Andy Tully

A federal judge in New Orleans has rejected a lawsuit that sought billions of dollars from energy companies for their role in eroding Louisiana’s coast, which…

British Gas Leading Tech Revolution For Energy Utilities

British Gas Leading Tech Revolution For Energy Utilities

Feb 16, 2015 at 16:56 | Andy Tully

“The Internet of Things” is supposed to involve just about everything, but right now it’s fairly limited to remotely connecting people to devices such as security…

Train Carrying Volatile Bakken Crude Derails In Canada

Train Carrying Volatile Bakken Crude Derails In Canada

Feb 16, 2015 at 16:52 | Climate Progress

Credit: Shutterstock A train carrying crude oil derailed in northern Ontario, Canada late Saturday night, spilling oil and causing a…

Congress Sends Keystone Bill To Obama, Who Says He’ll Veto It

Congress Sends Keystone Bill To Obama, Who Says He’ll Veto It

Feb 12, 2015 at 14:51 | Andy Tully

Republicans have passed a bill approving the construction of the Keystone XL pipeline, a measure that President Obama has promised to veto – not because he opposes the project itself,…

Low Oil Prices Lead Tullow To Suspend Dividend

Low Oil Prices Lead Tullow To Suspend Dividend

Feb 12, 2015 at 14:35 | Andy Tully

The relentless drop in oil prices has forced many energy companies to cut back, sometimes drastically, on capital spending. But few if any of these corporations have had to resort…

IEA Sees Oil Prices Bottoming Out, But Not Surging Back To $100-Plus Levels

IEA Sees Oil Prices Bottoming Out, But Not Surging Back To $100-Plus Levels

Feb 11, 2015 at 13:52 | Andy Tully

The International Energy Agency says the price of crude, which plunged since June, will end fairly soon, but cautions oil producers that they won’t see a barrel of oil selling…

Will A Rise In Demand For OPEC Oil Eventually Help US Shale Industry Recover?

Will A Rise In Demand For OPEC Oil Eventually Help US Shale Industry Recover?

Feb 10, 2015 at 17:08 | Andy Tully

There could be a danger for OPEC if demand for its oil rises in 2015. The price could rebound to a level where US shale production could be revived, starting…

Reality Check For Both EIA And IEA

Reality Check For Both EIA And IEA

Feb 10, 2015 at 17:05 | Kurt Cobb

Recent developments are beginning to undermine the supremacy of the world's long-running energy information duopoly and its perennially optimistic narrative. Policymakers, investors and the public should take heed.Until…

Strike At US Refineries Expands To 2 More Sites

Strike At US Refineries Expands To 2 More Sites

Feb 09, 2015 at 16:02 | Andy Tully

The United Steelworkers union (USW) has added two more sites to the number of oil refineries where its members have gone on strike, citing bad-faith bargaining…

New Petrobras CEO Facing Widespread Disapproval

New Petrobras CEO Facing Widespread Disapproval

Feb 09, 2015 at 15:55 | Andy Tully

The choice of banker Aldemir Bendine, a confidant of Brazilian President Dilma Rousseff, to take over as CEO of Petroleo Brasileiro (Petrobras) disappointed many who would…

Iran’s Khamenei Throws Support To A Practical Nuclear Deal With West

Iran’s Khamenei Throws Support To A Practical Nuclear Deal With West

Feb 09, 2015 at 15:50 | Juan Cole

Ayatollah Ali Khamenei, Iran’s clerical leader, gave a speech on Sunday in which he said he supports an agreement with the West on Iran’s nuclear…

West, East Give Conflicting Ratings To Gazprom

West, East Give Conflicting Ratings To Gazprom

Feb 06, 2015 at 17:40 | Andy Tully

Depending on your point of view, either Gazprom and other Russian energy companies are strong credit risks or faring as badly as their government, beset by low oil prices and…

Optimism Remains In North Dakota, But For How Long?

Optimism Remains In North Dakota, But For How Long?

Feb 05, 2015 at 16:36 | Andy Tully

Ordinarily, a good way to gauge the business climate of a region or a state is to look at its employment statistics. So you might expect…

The Plot Thickens In Petrobras Corruption Scandal

The Plot Thickens In Petrobras Corruption Scandal

Feb 05, 2015 at 16:30 | Andy Tully

The rags-to-riches life story of Maria das Gracas Silva Foster has taken a sharp turn with her resignation as CEO of Petroleo Brasiliero SA (Petrobras), along…

A Long Time Before We See $100 Again Says BP Chief

A Long Time Before We See $100 Again Says BP Chief

Feb 04, 2015 at 15:46 | Andy Tully

Bob Dudley, the CEO of BP PLC, says he believes that the 7-month-old slump in oil prices isn’t likely to reverse itself for some time, perhaps…

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