Critical decision over the weekend on one of the world’s most-watched infrastructure developments — in the fast-emerging oil and gas basins of Eastern Africa. That came from a meeting of Continue Reading
Kampala — Tanzania will charge Uganda a tariff/transit fee of Shs40,321 ($12.2) for each barrel of oil going through the crude oil pipeline to Tanga port at the Indian Ocean Continue Reading
Venezuela—home to the largest oil reserves in the world–will for the next 40 days experience a four-hour blackout every single day, and there are fears that the rationing could lead Continue Reading
China might be in the midst of another round of stockpiling, stepping up crude oil imports to fill its strategic petroleum reserve (SPR). The slowdown in oil demand in China Continue Reading
Indonesia’s governor to the Organization of the Petroleum Exporting Countries said on Monday that oil at $45 a barrel was “not bad” and that there would be no urgency to Continue Reading
China’s government is banning construction of new coal-fired power plants in areas with surplus power supply, a move that could weigh on already-struggling coal markets . The new measures outlined Continue Reading
Coal-fired power plants have propelled much of China’s economic rise for decades, helping make the nation the world’s biggest emitter of greenhouse gases. Even with economic growth slackening, and other Continue Reading
Oil and gas companies are turning to digital technologies to lower costs and improve efficiency as the industry struggles with low energy prices. Information technology budgets have decreased by 10% Continue Reading
Donald Trump wants a wall along Mexico’s northern border. Energy companies are perforating it with pipelines. They are laying steel pipes, some beneath the Rio Grande riverbed, to export billions of Continue Reading
Russian President Vladimir Putin (L) hears 2016 investment plans from the director of state oil company Rosneft. Photo courtesy of the Office of the Russian President. MOSCOW, April 25 (UPI) Continue Reading
