The United States stands ready to assist Nigeria in diversifying its economy beyond the oil sector, a regional U.S. secretary said from Washington, D.C. The International Monetary Fund warned the Continue Reading
After chopping spending by almost one-third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China’s energy giants Continue Reading
Old coal plants are increasingly lying dormant, yet new ones keep getting built, according to a new report. The analysis by CoalSwarm, which includes researchers from Greenpeace and the Sierra Continue Reading
Massachusetts became the latest state investigating whether Exxon Mobil Corp. misled investors and the public about how climate change may affect its business. News of the state’s probe came as Continue Reading
The world oil market is starting to resemble the old slapstick gag about the French Foreign Legion. The sergeant needs a volunteer to take a step forward for a dangerous Continue Reading
Oil and gas producer Midstates Petroleum Co Inc raised doubts about its ability to remain as a going concern and said it may need to seek Chapter 11 bankruptcy protection. Continue Reading
Charges that Exxon Mobil misled the public about the potential industry impacts on the environment are tainted by political motivations, the company said. The attorney generals from 20 states announced Continue Reading
The energy-industry downturn has created a huge surplus of helicopters, a sharp turnaround from two years ago when oil-and-gas companies were forced to share rides to and from far-flung oil Continue Reading
Falling oil prices have been a boon to drivers. Now, the thirst for gasoline is revving up the oil market. Increasing gasoline demand has been a force behind the recent Continue Reading
The profitability of oil and natural gas development activity depends on both the prices realized by producers and the cost and productivity of newly developed wells. Overall trends in well Continue Reading
