Exxon Said Planning $12 Billion Bond Sale to Build War Chest
Exxon Mobil Corp., the oil giant at risk of losing its top-notch credit rating, is planning to raise $12 billion in its biggest bond offering as it seeks funds for Continue Reading
Oil traders beware: El Niño may distort U.S. shale output picture
Oil traders and analysts searching for definitive signs of a pivotal bust in the U.S. shale boom are encountering the unexpected effects of El Niño, a seasonal weather phenomenon that Continue Reading
U.S. shale’s message for OPEC: above $40, we are coming back
For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce Continue Reading
Northern Plains’ coal reserves no longer seen as limitless
The vast coal seams beneath the Northern Plains have fueled boasts by industry representatives and elected officials of enough coal in domestic reserves to power the U.S. for centuries. But Continue Reading
Wind Power’s Next Hope: Blades as Long as Two Football Fields
Inspired by the way palm trees move in high winds, a group of researchers at the University of Virginia and Sandia National Laboratory are developing an extremely long wind turbine Continue Reading
Gazprom production falters
Though output was enough to satisfy export demands, Russian energy company Gazprom said its production for 2015 was less than the previous year. Gazprom CEO Alexei Miller met with Russian Continue Reading
Russian Manufacturing Worsens More Than Forecast on Oil Collapse
Russia’s manufacturing industry deteriorated more than forecast in February as new export orders declined while currency volatility and cheap oil darkened the economic outlook. The Purchasing Manager’s Index fell for Continue Reading
Norway Is Gearing Up for More Spending as Economy Sputters
Norway is ready to spend its way through the drop in oil prices. The plunge in crude prices is squeezing the economy of western Europe’s biggest oil producer, driving up Continue Reading
Carbon Budget is Only Half as Big as Thought
Climate scientists have bad news for governments, energy companies, motorists, passengers and citizens everywhere in the world: to contain global warming to the limits agreed by 195 nations in Paris Continue Reading