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News

Saudi Oil Exports Rebound After A Disappointing 2014

Saudi Oil Exports Rebound After A Disappointing 2014

Mar 19, 2015 at 16:51 | Andy Tully

Saudi crude exports rallied in January to their highest levels in nine months, ending a disappointing slump in demand throughout much of 2014. Oil exports from…

Europe One Big Step Closer To Weaning Off Russian Gas

Europe One Big Step Closer To Weaning Off Russian Gas

Mar 19, 2015 at 16:44 | Andy Tully

Europe may have found a way to dramatically reduce its reliance on Russian gas by getting the fuel from Azerbaijan through a pipeline in Turkey. On…

Algeria Begins Global Talks To Rally Oil Prices

Algeria Begins Global Talks To Rally Oil Prices

Mar 18, 2015 at 16:26 | Andy Tully

Algerian President Abdelaziz Bouteflika’s government has begun a series of talks with oil producing countries, whether they’re members of OPEC or not, to find ways to…

Low Oil Prices Force Kuwait To Consider Unpopular Taxes

Low Oil Prices Force Kuwait To Consider Unpopular Taxes

Mar 18, 2015 at 16:21 | Andy Tully

Kuwait and the International Monetary Fund (IMF) are discussing how the oil-rich country might begin imposing taxes on local companies in an effort to diversify sources…

OPEC Says US Oil Production May Decline By End Of 2015

OPEC Says US Oil Production May Decline By End Of 2015

Mar 17, 2015 at 17:17 | Andy Tully

OPEC says the rate of growth in US crude output may be reduced by half this year primarily because of a decline in drilling by cash-strapped…

Fracklog Could Suppress Crude Prices Even Further

Fracklog Could Suppress Crude Prices Even Further

Mar 17, 2015 at 17:11 | James Hamilton

The EIA released a new drilling productivity report last week, allowing us to update our graph of the drilling rig count in the four major…

SolarCity Now A Utility

SolarCity Now A Utility

Mar 17, 2015 at 17:02 | Andy Tully

SolarCity, which specializes in rooftop solar energy panels, has long accused utility industries of monopolistic practices that discourage the change necessary to expand power options. Until…

Fears of Violence Against Western Oil Workers In Saudi Arabia

Fears of Violence Against Western Oil Workers In Saudi Arabia

Mar 16, 2015 at 14:11 | Andy Tully

US international security officials said Washington’s embassy in Riyadh has suspended all consular services in three major Saudi cities because of concerns that an unnamed “terrorist organization” may be intent…

Venezuela’s State Oil Company Undergoes Reforms

Venezuela’s State Oil Company Undergoes Reforms

Mar 16, 2015 at 14:08 | Charles Kennedy

The relationship between the U.S. and Venezuela – which has been an icy one for years – took a hit after the Obama administration passed sanctions on individuals high up…

Refiners Strike May Finally Be Settled

Refiners Strike May Finally Be Settled

Mar 13, 2015 at 17:30 | Andy Tully

Royal Dutch Shell and the United Steelworkers (USW) have reached a tentative agreement on a new contract covering pay, worker safety and other matters to end…

Florida Utility To Buy Coal Plant For $520m, Then Shut It Down

Florida Utility To Buy Coal Plant For $520m, Then Shut It Down

Mar 13, 2015 at 17:25 | Andy Tully

Florida Power & Light Co. (FPL), the state’s largest utility, is asking the Florida Public Service Commission to let it buy a coal-fired power plant just…

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…

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