• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 11 days By Kellen McGovern Jones - "BlackRock Behind New TX-LA Offshore Wind Farm"
  • 1 min If hydrogen is the answer, you're asking the wrong question
  • 7 days Solid State Lithium Battery Bank
  • 6 days Bad news for e-cars keeps coming

News

French Refineries Cut Production After Nationwide Labor Strike

French Refineries Cut Production After Nationwide Labor Strike

May 17, 2016 at 13:17 | Charles Kennedy

Two of French Total SA’s five refineries in France have cut production after a CGT union led a nationwide strike opposing a controversial labor law that will make…

Scorched Earth Strategy? ISIS Blows Up Several Al Shaer Gas Field Installations

Scorched Earth Strategy? ISIS Blows Up Several Al Shaer Gas Field Installations

May 17, 2016 at 11:32 | James Burgess

Al Shaer, one of Syria’s largest gas fields, was rocked by powerful explosions on Monday, attributed to the Islamic State. The Islamic State was fighting Syrian government troops…

Shell Looks to Offload $40B In Non-Core Assets

Shell Looks to Offload $40B In Non-Core Assets

May 17, 2016 at 11:02 | Charles Kennedy

Royal Dutch Shell plc (NYSE:RDS.A) is divesting US$40 billion in non-core assets in its attempt to cut capital expenditures and raise cash in a desperate attempt to right…

Suncor Evacuates Thousands of Oil Workers As Alberta Wildfires Shift

Suncor Evacuates Thousands of Oil Workers As Alberta Wildfires Shift

May 17, 2016 at 10:45 | James Burgess

The Alberta wildfire shifted back toward oil sands facilities north of Fort McMurray on Monday, forcing a new round of evacuations for thousands of workers who have been…

Case Closed: Exxon Refused $236Mn Verdict Appeal

Case Closed: Exxon Refused $236Mn Verdict Appeal

May 17, 2016 at 10:29 | Charles Kennedy

The U.S. Supreme Court will not hear an appeal by ExxonMobil to overturn a $236-million verdict against the company for decade-old water contamination charges in New Hampshire. On…

Two More U.S. Oil Company Bankruptcies: That’s Four Since Last Week

Two More U.S. Oil Company Bankruptcies: That’s Four Since Last Week

May 17, 2016 at 09:31 | James Burgess

Oklahoma-based SandRidge Energy and California-based Breitburn Energy have both filed for Chapter 11 bankruptcy this week, making them the third and fourth independent oil company bankruptcies…

More Glut On The Way As Libya Unblocks Exports

More Glut On The Way As Libya Unblocks Exports

May 16, 2016 at 17:09 | James Burgess

As Libya prepares to resume oil exports from the blockaded port of Hariga amid a month-long standoff between rival governments seeking over control of the country’s oil wealth,…

Range Resources to Make Strategic $3.3B Acquisition of Rival

Range Resources to Make Strategic $3.3B Acquisition of Rival

May 16, 2016 at 17:07 | Charles Kennedy

Texas-based Range Resources has reportedly agreed to buy its smaller rival, Memorial Resource Development Corp., in an all-stock deal valued at U.S. $3.3 billion. According to the deal,…

Venezuela Declares State of Emergency, Orders Factory Seizures

Venezuela Declares State of Emergency, Orders Factory Seizures

May 16, 2016 at 16:53 | James Burgess

Blaming what he called a US-backed plot to undermine his authority, Venezuelan President Nicolas Maduro has decreed a 60-day state of emergency and ordered the state seizure of…

Iran Threatens to Sue US in the Hague for ‘Hostile Moves’

Iran Threatens to Sue US in the Hague for ‘Hostile Moves’

May 16, 2016 at 15:28 | James Burgess

Iranian lawmakers are moving closer to approving a lawsuit against the United States to seek compensation for damage inflicted by Washington’s “hostile moves over the past 63 years”.…

Shell Says 2,000-Barrel Gulf of Mexico Oil Spill Won’t Reach Shore

Shell Says 2,000-Barrel Gulf of Mexico Oil Spill Won’t Reach Shore

May 16, 2016 at 14:09 | Charles Kennedy

The oil discharge of more than 2,000 oil barrels from an underwater pipe operated by Shell in the Gulf of Mexico is unlikely to contaminate the shoreline, Shell…

As Moody Downgrades Saudi Arabia, Kuwait Calls For Freeze

As Moody Downgrades Saudi Arabia, Kuwait Calls For Freeze

May 16, 2016 at 13:52 | Charles Kennedy

The Gulf states of Bahrain, Oman and the world’s largest oil producer, Saudi Arabia, have seen had their credit ratings downgraded by Moody’s as low oil prices…

Total Opens $5B Gas Plant off Shetland Islands

Total Opens $5B Gas Plant off Shetland Islands

May 16, 2016 at 12:33 | James Burgess

French energy giant Total SA has officially cut the red tape on a US$5-billion gas processing plant on the British Shetland Islands that will eventually produce enough energy…

Former Minister: London Tried to Trade Lockerbie Bomber for Libyan Oil

Former Minister: London Tried to Trade Lockerbie Bomber for Libyan Oil

May 16, 2016 at 11:36 | Charles Kennedy

A former Scottish minister alleges in a new book that the UK Government was desperate enough for Libyan oil to have sought to trade a convicted Lockerbie bomber…

Goldman Sachs Is Now Bigger Than Exxon, Chevron in Nat Gas Trading

Goldman Sachs Is Now Bigger Than Exxon, Chevron in Nat Gas Trading

May 16, 2016 at 10:45 | James Burgess

Goldman Sachs is now buying and selling enough natural gas to make it one of the key players on the market—even reportedly overtaking oil major Exxon Mobil and Chevron and…

ISIS Attack On Iraqi NatGas Plant Kills 14, Fails To Disrupt Production

ISIS Attack On Iraqi NatGas Plant Kills 14, Fails To Disrupt Production

May 16, 2016 at 09:25 | Charles Kennedy

The Islamic State (ISIS) has claimed responsibility for a Sunday assault on a natural gas plant in the Iraqi capital, Baghdad, in which at least 14 people were killed…

Former Dagestan Deputy Prime Minister Imprisoned Over Energy Scandal

Former Dagestan Deputy Prime Minister Imprisoned Over Energy Scandal

May 13, 2016 at 17:19 | The Jamestown Foundation

At the start of May, an unusual trial concluded in Dagestan. Regional authorities charged the republic’s former deputy prime minister, Magomedgusen Nasrutdinov, with fraud and sentenced…

Russia’s Grip On Armenian Energy Sector Loosening

Russia’s Grip On Armenian Energy Sector Loosening

May 13, 2016 at 17:03 | Eurasianet

Russia’s economic grip over Armenia may be loosening ever so slightly, highlighted by Moscow’s diminishing role in the South Caucasus country’s power sector. Russian gained control…

9/11 Commission Member: 6 Saudi Officials Supported Terror Attack

9/11 Commission Member: 6 Saudi Officials Supported Terror Attack

May 13, 2016 at 16:52 | Charles Kennedy

Six Saudi officials are believed to have actively supported al-Qaida members in the run-up to the 9/11 attacks on America, former 9/11 Commission member and investigator…

Is Encana Done With Canada? Looking To Divest $1B In Canadian Shale Assets

Is Encana Done With Canada? Looking To Divest $1B In Canadian Shale Assets

May 13, 2016 at 16:36 | Charles Kennedy

Canadian oil and gas producer Encana is reportedly planning to sell off more major shale assets in western Canada, after the company reported earlier this…

Oilprice - The No. 1 Source for Oil & Energy News