New contracts surface for struggling Transocean
After reporting a string of lost contracts, rig company Transocean said it landed three new contracts for work largely in offshore Asia and Latin America. The company said in its Continue Reading
We Could Be Witnessing the Death of the Fossil Fuel Industry—Will It Take the Rest of the Economy Down With It?
In just two decades, the total value of the energy being produced via fossil fuel extraction has plummeted by more than half. Now $3 trillion of debt is at risk. Continue Reading
Oil prices set for one of the biggest weekly rises in 2016
Oil prices rose in Asian trade on Friday, setting crude futures on course for one of their biggest weekly gains this year, as sentiment has become more upbeat despite ongoing Continue Reading
Oil Prices Drop in Volatile Trade
Oil prices fell Thursday as bullish comments from top global oil officials were offset by macroeconomic data and changing expectations around monetary policy. Oil prices, along with other commodities including Continue Reading
Crude oil prices fall as major producers hint at output hike
Crude prices fell early on Thursday as concerns over a global glut took center stage after Russia and Iran said they were ready to raise oil production further, while inventories Continue Reading
Oil Megaprojects Dreamed Up a Decade Ago Thrive Amid Price Slump
Oil production in some of the riskiest, highest-cost regions of North America is still thriving, even as the worst slump in a generation takes a bite out of U.S. shale. Continue Reading
Oil producers to discuss output freeze at June OPEC meeting: Saudi advisor
Oil-producing nations will discuss an oil output freeze at OPEC’s meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices Continue Reading
Kuwait Oil Output Almost at Capacity One Day After Strike Ends
Kuwait’s oil production is almost back to capacity one day after workers called off a strike that had disrupted output and sent prices rising. OPEC’s fourth-largest producer boosted output to Continue Reading
Saudi Aramco IPO Could Be 5% of Value
Saudi Arabian Oil Co., the largest energy firm in the world, is considering listing up to 5% of its value on a stock exchange in New York within the next Continue Reading
The $2 Trillion Project to Get Saudi Arabia’s Economy Off Oil
Eight unprecedented hours with “Mr. Everything,” Prince Mohammed bin Salman. Prince Mohammed Early last year, at a royal encampment in the oasis of Rawdat Khuraim, Prince Mohammed bin Salman of Continue Reading