U.S. economy slows sharply as oil and gas slump deepens: Kemp
The U.S. economy eked out anemic growth in the final three months of 2015, and the struggling performance of the oil and gas sector was a major contributor to the Continue Reading
Alberta to Subsidize New Petrochemical Plants
The government of Alberta said Monday it would provide up to 500 million Canadian dollars ($357 million) in subsidies to support new petrochemical plants, part of a plan to help Continue Reading
Anadarko to cut 2016 budget in half after $6.692-billion loss in 2015
Anadarko Petroleum Corp., The Woodlands, Tex., anticipates an initial 2016 budget of $2.8 billion, a reduction of 50% from the company’s actual 2015 capital investments and almost 70% from the Continue Reading
Texas Shale Drillers Lure $2 Billion in New Equity to Permian
Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below Continue Reading
How Free Electricity Helped Dig $9 Billion Hole in Puerto Rico
To understand how Puerto Rico’s power authority has piled up $9 billion in debt, one need only visit this bustling city on the northwest coast. Twenty years ago, it was Continue Reading
High costs, weak demand stifle US Illinois Basin coal markets
The start to 2016 has not brought any reported contract coal deals out of the US Illinois Basin, as utilities are largely out of the market and producers are reeling Continue Reading
Once Unstoppable, Tar Sands Now Battered from All Sides
Canada’s tar sands industry is in crisis as oil prices plummet, pipeline projects are killed, and new governments in Alberta and Ottawa vow less reliance on this highly polluting energy Continue Reading
Shell divesting from Malaysia
Royal Dutch Shell said it took in more than $60 million for the sale of a majority of its holdings in a Malaysian refining company to a national company there. Continue Reading
Advocacy group: British fracking plans a blow to democracy
A British plan to develop an industrial-scale shale natural gas industry within a decade is an “attack on democracy,” an environmental campaign group said. Advocacy group Friends of the Earth Continue Reading
S&P Lowers Shell’s Rating, Puts Other Oil Majors on Watch
Royal Dutch Shell Plc had its debt rating cut to the lowest since Standard & Poor’s began coverage in 1990, and downgrades of several other major European oil and gas Continue Reading