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News

More U.S. Coal Being Exported to Europe

More U.S. Coal Being Exported to Europe

May 08, 2014 at 14:14 | Charles Kennedy

The United States is moving away from coal as it seeks to clean up its generation profile, but U.S. coal continues to expand into markets overseas. U.S. coal is often…

Former BP boss Tony Hayward is Glencore Xstrata’s New Chairman

Former BP boss Tony Hayward is Glencore Xstrata’s New Chairman

May 08, 2014 at 14:12 | MINING.com

Commodities trading and mining company Glencore Xstrata (LON:GLEN) announced Thursday it has named Tony Hayward, the former chief executive of oil major BP ((NYSE:BP), who left the firm in…

Viet-Chinese Tensions Escalate In South China Sea

Viet-Chinese Tensions Escalate In South China Sea

May 07, 2014 at 16:10 | James Burgess

A standoff between Vietnam and China over disputed territory in the South China Sea grew worse on May 7 as Vietnam sent naval vessels to confront Chinese ships.Last…

Stanford University To Divest From Coal

Stanford University To Divest From Coal

May 07, 2014 at 16:04 | Charles Kennedy

In the biggest achievement yet for the fledgling fossil fuel divestment campaign, Stanford University pledged on May 6 to divest its $18.7 billion endowment of coal mining assets. The…

Fuel Crunch In Florida As Hurricane Season Approaches

Fuel Crunch In Florida As Hurricane Season Approaches

May 07, 2014 at 15:57 | Joao Peixe

Florida, the third largest consumer of gasoline behind California and Texas and the largest consumer on the U.S. East Coast, is experiencing tight supplies of gasoline due to high demand…

New U.S. Report Says Climate Change Already Having Impact

New U.S. Report Says Climate Change Already Having Impact

May 06, 2014 at 16:09 | Charles Kennedy

The U.S. Global Change Research Program released a landmark report on climate change on May 6, put together by over 300 experts across multiple government agencies. The National Climate Assessment…

U.S. Asks Business Leaders To Boycott Russian Meeting

U.S. Asks Business Leaders To Boycott Russian Meeting

May 06, 2014 at 16:03 | Joao Peixe

The White House is discouraging business leaders from attending an economic summit in Russia later this month. The St. Petersburg International Economic Forum runs from May 22-24, and U.S.…

China Sends Oil Rig To Disputed Waters

China Sends Oil Rig To Disputed Waters

May 06, 2014 at 15:55 | James Burgess

Over the weekend of May 3 and 4, China sent an oil rig into disputed waters of the South China Sea to begin oil exploration. The rig is near…

U.S. Congress Could Soon Vote To Approve Keystone XL

U.S. Congress Could Soon Vote To Approve Keystone XL

May 05, 2014 at 16:29 | James Burgess

A bipartisan coalition of U.S. senators is trying to rally support for a bill that would bypass the White House and green light the controversial Keystone XL pipeline project.

Investors Hold Positions In Coal Plants

Investors Hold Positions In Coal Plants

May 05, 2014 at 16:23 | Charles Kennedy

Investors have not yet abandoned coal-fired power plants despite new environmental regulations and a series of legal setbacks, according to Bloomberg BNA. Instead, they appear confident that coal utilities…

Russian Pressure Has Slovakia Hesitating To Help Ukraine

Russian Pressure Has Slovakia Hesitating To Help Ukraine

May 05, 2014 at 16:17 | Joao Peixe

In late April, Slovakia signed an agreement with Ukraine to reverse the flow of natural gas, allowing Ukraine to receive gas shipments in the event that Russia decides to…

U.S. Announces First Superstorm-Related Oil Reserve

U.S. Announces First Superstorm-Related Oil Reserve

May 02, 2014 at 14:14 | James Burgess

The U.S. Department of Energy announced on May 2 that it plans to build an oil storage facility in the northeast to prepare for future emergencies. The storage reserve…

Oil Price Slide Comes To A Halt Amid Jobs Data, Ukraine Tension

Oil Price Slide Comes To A Halt Amid Jobs Data, Ukraine Tension

May 02, 2014 at 14:08 | Charles Kennedy

Prices for WTI and Brent oil reversed declines as positive employment numbers and geopolitical tension put upward pressure on prices. For June delivery, WTI was up 10 cents per…

Greenpeace Activists Detained, Arctic Oil Delivered

Greenpeace Activists Detained, Arctic Oil Delivered

May 02, 2014 at 14:00 | Joao Peixe

In Rotterdam on April 1, Dutch police raided a Greenpeace ship intended to block the delivery of oil coming from the Russian Arctic. The tanker was set to deliver…

Oil Train Derails, Explodes In Virginia

Oil Train Derails, Explodes In Virginia

May 01, 2014 at 16:12 | Charles Kennedy

A train carrying crude oil derailed in downtown Lynchburg, Virginia, population 77,000, triggering a huge blaze and spilling thousands of gallons of oil. Between 12 and 14…

Bill To Speed Up Approval Of U.S. LNG Exports Advances

Bill To Speed Up Approval Of U.S. LNG Exports Advances

May 01, 2014 at 16:07 | James Burgess

The U.S. House Energy and Commerce Committee has passed legislation that would accelerate the approval of requests to sell liquefied natural gas (LNG) overseas. The bill would require the…

Oil Worker Deaths Spotlight Job Risks

Oil Worker Deaths Spotlight Job Risks

May 01, 2014 at 16:06 | Charles Kennedy

Two men were killed and nine others injured in an explosion at an oil-drilling site in Texas on April 30. The incident occurred about 60 miles southeast of Carlsbad,…

U.S. Supreme Court Upholds EPA Coal Regs

U.S. Supreme Court Upholds EPA Coal Regs

Apr 30, 2014 at 15:56 | Joao Peixe

On April 29, the U.S. Supreme Court upheld the Environmental Protection Agency’s rules on power plant pollution that blows across state lines. The 6-2 ruling overturned a D.C. Circuit…

Putin Threatens Retaliation Against Western Oil Companies

Putin Threatens Retaliation Against Western Oil Companies

Apr 30, 2014 at 15:45 | Charles Kennedy

Russian President Vladimir Putin has responded to U.S. and EU sanctions by warning that further action against Russia could force him to reconsider the involvement of western oil companies in…

Bakken Produces Its One Billionth Barrel

Bakken Produces Its One Billionth Barrel

Apr 30, 2014 at 15:38 | James Burgess

The prolific Bakken shale formation has hit a major milestone, according to data from North Dakota and Montana. Drillers in the formation have now pumped out more than one…

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