What Does ‘Keep It In the Ground’ Really Mean? Read This.
In 2010, Molly Eagen gave herself a challenge: For 100 days the Minneapolis resident would try to live without oil . Eagen, an architecture student at the time, took the Continue Reading
U.S. oil industry bankruptcy wave nears size of telecom bust
The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week’s Continue Reading
U.S. energy CEOs ready for new drilling as oil prices plot upward path
After cutting spending and staff levels to the bone, U.S. oil executives say they are getting ready for new drilling projects as a 50 percent increase in crude prices since Continue Reading
Devon Energy raises 2016 oil output forecast
Devon Energy Corp’s ( DVN.N ) oil output exceeded its expectations by 5,000 barrels per day in the first quarter, the company said on Tuesday, prompting it to raise its Continue Reading
Alberta Fires Force Evacuation as Suncor Cuts Oil-Sands Output
Alberta’s largest-ever evacuation from a wildfire has forced tens of thousands people to flee Fort McMurray and prompted Suncor Energy Inc. to reduce output in Canada’s main oil-sands region. Oil Continue Reading
Despite Shale Glut, U.S. Imports More Foreign Oil
The U.S. is importing more foreign crude than it has in years, becoming one of the last ports of call for many oil-producing nations despite a glut of crude from Continue Reading
Oil Price Upheaval Finally Hits Refiners
U.S. refiners, which posted robust profits the last 18 months even as other parts of the oil business were racked by low crude prices, finally saw their roll come to Continue Reading
North Dakota Official Exalts Oil Boom “Is Coming Back With A Rush”
North Dakota’s top oil regulator sent out a message the other day to the leaders of Williston: Get Ready. “This is going to come back pretty hard and pretty rapidly,” Continue Reading
BP hands out more contracts for Azeri gas project
A BP subsidiary trying to pull gas from offshore Azerbaijan said it doled out a $1.5 billion contract to help get gas flowing within the next two years. BP, working Continue Reading
Russian NatGas Mega Project Finds Funding Despite Sanctions
Big news in energy project finance this week, with a mega-project that no one thought could succeed coming through with a massive finance package. That’s the Yamal liquefied natural gas Continue Reading