Though Saudi Arabia’s plan of a $2 trillion fund exudes power and confidence, raising a megafund of that size is practically next to impossible, unless crude oil prices see a Continue Reading
Venezuelan President Nicolás Maduro said the country’s workers will get Fridays off for the remainder of April and May in his latest attempt to save power amid a severe drought Continue Reading
Despite being one of the world’s biggest oil producers, Nigeria imports most of its fuel and is currently facing a severe shortage. It does not have enough oil refineries and Continue Reading
Vietnam’s government on Thursday said it had told China to pull an oil rig from waters between the two countries that haven’t been demarcated and urged Beijing not to drill Continue Reading
In the energy world, India is becoming the new China. The world’s second-most populous nation is increasingly becoming the center for oil demand growth as its economy expands by luring Continue Reading
A general view of a crude oil importing port in Qingdao, Shandong province, in this November 9, 2008 file photo. A surge in oil buying by China’s newest crude importers Continue Reading
Spending in Canada’s oil and natural gas sector has fallen by a record C$50bn (US$38bn) over the past two years, according to an industry group representing oil and gas producers Continue Reading
With U.S. government pressure on the merger confirmed, oilfield services companies Baker Hughes and Halliburton said complaints were counterproductive. Rumors surfaced earlier this week the U.S. Justice Department would follow Continue Reading
The total number of rigs actively exploring for or producing oil or natural gas worldwide declined 12 percent from February levels, Baker Hughes said Thursday. Rig counts serve as a Continue Reading
A new study from Stanford has confirmed that fracking operations are contaminating drinking water sources in Wyoming. “This is a wake-up call,” said lead author Dominic DiGiulio, a visiting scholar Continue Reading
