Libya joins Iran in snubbing oil freeze: source
Libya does not plan to attend an April 17 meeting of oil producers about freezing supply to support prices, a Libyan OPEC delegate said on Tuesday, joining fellow OPEC member Continue Reading
Yemen: Minister Very Confident About Start Of Peace Talks
Yemeni Foreign Minister Abdulmalik al-Mekhlafi said March 22 that he was 99 percent sure that U.N-backed peace talks to end Yemen’s civil war would take place in Kuwait by the Continue Reading
Nigeria: Petroleum Corporation Failed to Remit N4.9 Trillion to Federation Account
Amid the denial by the Nigerian National Petroleum Corporation (NNPC) of the allegation by the Auditor- General of the Federation ( AuGF), Mr. Samuel Ukura, that it didn’t remit into Continue Reading
Venezuelan Oil Contractor Pleads Guilty to Bribery
A Venezuelan oil contractor pleaded guilty to bribery in a U.S. court, the latest development in a wide-ranging Justice Department probe of state-run Petróleos de Venezuela. Abraham Jose Shiera Bastidas Continue Reading
Report Ties Coal Plants to Water Shortage in Northern China
Across the country, coal-fired power plants consume 7.4 billion cubic meters of water each year, enough to meet the basic needs of about 30 percent of the nation’s population. Credit Continue Reading
Chinese February thermal coal imports lowest since April 2011
China imported 5.06 million mt of thermal coal in February, down 13.6% on the year and 13.2% below January to the lowest monthly volume since April 2011, according to data Continue Reading
Mounting debts could derail China plans to cut steel, coal glut
China’s campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to Continue Reading
Is China heading in the wrong direction? For once, the West calls Beijing out.
Not since the suppression of the 1989 Tiananmen Square protests has there been this much diplomatic concern about the direction China is taking. And for once, in a highly unusual Continue Reading
Ride to the Bottom: U.S. energy workers hit hard by company stock bets
An electronic display identifies the post that trades SandRidge Energy stock on the floor of the New York Stock Exchange January 11, 2013. Nearly 15 years since Enron’s collapse decimated Continue Reading
Schlumberger calls for industry rethinking
The head of Schlumberger, one of the largest oil and gas services companies in the world, said from New Orleans the industry is in need of a strategic makeover. Lower Continue Reading