Anticipating the Collapse of Venezuela
The question for businessmen and governments with a stake in the deteriorating situation in Venezuela is no longer if the regime of Nicholas Maduro will come to a premature end, Continue Reading
Venezuela’s power struggle a race against time
Venezuela’s oil industry is at risk of grinding to a halt, along with the rest of the nation, as El Guri, Venezuela’s largest hydroelectric power facility, could see a drop Continue Reading
China moves to contain technology bubble
China’s securities regulator is barring companies from selling new shares to fund investments in non-core businesses such as internet finance, online gaming and virtual reality, in a bid to head Continue Reading
Canada Gas Price Plunges as Wildfires Shut Oil-Sands Output
A bad start to the year for Canadian natural gas producers is getting worse after wildfires in northern Alberta knocked out oil-sands operations that represent a key source of demand. Continue Reading
Oil companies in Alberta weighing options
Canadian energy company Nexen said it was reviewing the fire situation in Alberta, but keeping its facilities shut down until it was able to reach its oil facilities. More than Continue Reading
Big Oil Unexpectedly Backs Newest Non-Fossil Fuels
Big oil is dipping a few more toes into clean energy. Exxon Mobile Corp. is partnering with a company to capture carbon-dioxide emissions from power plants. Total SA, the French Continue Reading
Oceana sees imminent end to Arctic drilling
With energy companies relinquishing their holdings, advocacy group Oceana said the end may be near for drilling in the Arctic waters offshore Alaska. Oceana said it’s found through a Freedom Continue Reading
Canada Oil Sands Operators to Resume Production in ‘Coming Days and Weeks’
Alberta Premier Rachel Notley said she expects oil-sands companies that suspended output of crude oil by up to one million barrels a day due to wildfires that ravaged the Fort Continue Reading
Chaparral Energy Has Stored Cash for Bankruptcy Turnaround
Oklahoma oil and gas producer Chaparral Energy Inc. is claiming a key advantage as it launches a bankruptcy turnaround effort: $152 million in bank accounts beyond the reach of secured Continue Reading
US banks face more pain despite crude’s rally
The recent rally in the price of oil is doing little to improve the prospects of overstretched borrowers in the oil patch, say banks and their advisers, raising the prospect Continue Reading