Charles is a writer for Oilprice.com
Industry-wide, rising development costs have forced BP to re-evaluate its $10 billion oil project in the Gulf of Mexico.The Mad Dog 2 development was set…
Shares in FMC Technologies (FTI) hit a 52-week high on 10 April, closing at $55.27 as it secured new contracts for subsea equipment and services…
Under the 2010 Cancun Accord governments from around the world committed to reduce greenhouse gas emissions enough to prevent global temperatures increasing by an average…
Recent significant offshore oil discoveries in Ghana will catapult the nation into Africa’s major producers club, but it will also be a boon for piracy…
Anadarko has just announced the discovery of a huge natural gas field off the coast of Mozambique. The US oil and gas exploration company made…
Offshore oil is back on the British government’s agenda as a key component of the country’s “Oil and Gas Industrial Strategy” at a time when…
On Wednesday, European diplomats announced that they will ease sanctions against Syria so that European companies can begin to buy oil the rebel opposition forces.When…
General Electric (NYSE: GE) has announced plans to expand its oil and gas business by acquiring Lufkin Industries (LUFK) in a $3.3 billion deal that…
The Kashagan oilfield in Kazakhstan, with an estimated 30 billion barrels of crude oil, was the largest oil discovery in the last 40 years. A…
Now that Nicolas Maduro—the late Hugo Chavez’s choice for successor—has narrowly won Sunday’s presidential elections in Venezuela, oil and gas investors can expect a perpetuation…
Vineyards around the world rely on a delicately balanced climate in their particular area to ensure the perfect grapes for producing quality wine. Unfortunately many…
The world’s first ever algae-powered building is being built and tested in Hamburg, Germany.Designed by the engineering multinational firm Arup, more famous for designing the…
After being awarded $529 million in US loans, Fisker Automotive is laying off 75% of its workforce following the failure to secure a partnership deal…
Spain’s Repsol SA (REP) has made a second major gas discovery in its Sud-Est Illizi block in southeast Algeria, close to the Libyan border and…
REN, the Portuguese grid operator, has just released new figures that show that nearly three quarters of the country’s energy needs were met by renewable…
France finds itself in an interesting conundrum that the oil industry is hoping to take advantage of: The country has banned fracking but is now…
ExxonMobil (NYSE: XOM) has been found guilty of contaminating groundwater supplies in the state of New Hampshire, and was ordered by the jury to pay…
After filing for bankruptcy and seeing its stock fall 40% when it default on $541 million in bonds, Chinese equity Suntech Power Holdings Co. (STP)…
Last month Robert Howarth, an ecology professor from Cornell University, suggested that the state of New York could generate half of its energy needs from…
The Baghdad-Erbil oil standoff will escalate as the Iraqi Kurds sell their first crude oil on the international market and as Austria’s OMV launches production…