Venezuela is planning to move fast with a new mining joint venture announced this week with Spokane, Washington-based Gold Reserve Inc. and will start extracting the precious metal within six Continue Reading
Bonds from Venezuela’s state oil company due in October surged after the country paid $1.5 billion of debt that matured Friday. The $1 billion of notes from Petroleos de Venezuela Continue Reading
The timing couldn’t be worse for the first production of natural gas from Australia’s $54 billion Gorgon project – the world’s most expensive. Prices for liquefied natural gas (LNG) have Continue Reading
The operator of Japan’s Fukushima power plant has apologized for not announcing its nuclear reactors were in meltdown for months after a huge earthquake and tsunami devastated the facility five Continue Reading
According to the U.S. government, there are over 1.3 billion barrels of crude oil and refined products in commercial storage around the United States, an increase of more than 300 Continue Reading
Eagle Ford Shale drops 8 more rigs, leaving 41 at work Explorers parked more drilling rigs in U.S. oilfields as the rest of the world looks to shale producers to Continue Reading
An 8 percent cut in headcounts at Halliburton is a result of a weak energy sector and not an adjustment ahead of the Baker Hughes merger, a spokeswoman said. “Due Continue Reading
Australian gas leader Woodside said it was wading into the growing liquefied natural gas sector in the United States with an agreement to tap Texas port developments. Woodside announced it Continue Reading
Opposition to a lease plan for the U.S. waters of the Atlantic grew after Virginia said it wanted to be left out of any future drilling plans. Virginia Lt. Gov. Continue Reading
The U.S. oil-rig count fell by 13 to 400 in the latest week, according to Baker Hughes Inc., maintaining a recent clip of sharp declines. The number of U.S. oil-drilling Continue Reading
