Central Asian states are easing…
The US Senate has approved…
The Japanese Yen experienced a…
The Libyan rebels that have controlled several key ports have agreed to hold talks with the central government and will reopen ports within a few days. The easing of…
An oil tanker was fired upon by armed men in a skiff as it made its way through the Strait of Hormuz on March 30. Using an assault rifle,…
One of Iraq’s largest oil fields – as well as one of the world’s largest untapped fields – began commercial production on March 29. Russia’s Lukoil operates the West…
The Mexican government is considering implementing local content rules for oil and gas exploration in an effort to provide benefits to Mexican companies. According to Reuters, however, the rules…
Federal regulators said on March 28 that the oil industry was withholding key information related to the series of train derailments and explosions involving transporting crude oil. The Department of…
A floating offshore oil production ship briefly lost power on March 28, drifted from its location, and spilled a small amount of oil into the Gulf of Mexico. The Helix…
In the Lone Star state, the wind industry hit a new record for generation. On the night of March 26, wind power surpassed 10,000 megawatts of generation, a new high,…
The U.S. Fish and Wildlife Service listed the Lesser Prairie Chicken on a list of “threatened” species under the Endangered Species Act, providing it with a certain level of…
Argentina announced that it will reduce the rate at which it subsidizes natural gas and water in order to trim its budget deficit. "What we are going to do now…
Senators Mary Landrieu (D-LA) and Lisa Murkowski (R-AK) are pushing for an overhaul of how LNG export applications are reviewed in order to prioritize projects that are commercially viable. The…
U.S. President Barack Obama will meet Saudi Arabia’s King Abdullah on March 28, a time in which their nations’ long-held alliance is undergoing a dramatic shift. For decades, the…
Gazprom aims to capture 15% of the global LNG market over the next 15 years. In a press release, it stated that its board of directors agreed that LNG…
Bloomberg News reported on March 26 that the possibility of the U.S. releasing emergency stockpiles of oil in order to punish Russia is gaining a bit of steam in…
In the fourth quarter of 2013, the United States produced 7.84 million barrels of oil per day, according to new data from the Energy Information Administration. This was enough to…
The dependence of many European Union members on Russian gas has been the topic of discussion for several weeks now, and a G7 meeting this week had EU member countries…
Declining costs of solar power are making off-grid energy systems increasingly viable, getting closer to grid-parity with conventional sources of power from the electrical grid. Meanwhile, costs for big utilities…
The past week has not been a good one for the oil industry. There have been several high profile oil spills across the U.S. The 168,000 gallon spill in the…
The remarkably cold winter in the eastern U.S. has depleted coal supplies as demand for electricity and heat spiked. Coal-fired power plants often keep several months’ supply of coal on…
Japan slashed the rate that solar power earns on the grid by 11%, down to 32 Yen (31 cents) per kilowatt-hour. Beginning in the new fiscal year in April,…
The number of oil rigs in operation hit a multi-decade high as productivity plateaus. The oil industry added 12 more rigs according to the most recent data from Baker…