Iraqi Nat Gas Plant Freed from the Hands of ISIS
Iraqi army Iraqi forces liberated the Fallujah natural gas plant held by the Islamic State on Monday, according to local news reports that cited an anonymous security source in the Continue Reading
Who Are the Militants Attacking Nigeria’s Oil Industry? Q & A
Attacks on pipelines in Nigeria’s oil-rich Niger River delta region have slashed crude output to the lowest level in 27 years and shut all but four of the country’s 23 Continue Reading
Angola: Lawyers Plot to Block New Post of Angola Leader’s Daughter
Twelve Angolan lawyers have decided to block the appointment of the President’s daughter as a non-executive administrator of the state-owned oil firm Sonangol. President José Eduardo dos Santos, 73, who Continue Reading
Ex-Nigeria President Confident Talks Can Curb Oil Region Attacks
Former Nigerian President Goodluck Jonathan expressed confidence that the authorities can reach an agreement with militants in the Niger River delta to stop their attacks that have slashed production of Continue Reading
Venezuelan woman shot dead during latest looting
A Venezuelan woman died on Monday after being shot in the face when looters raided state food warehouses in the latest unrest in the crisis-hit OPEC nation, her family said. Continue Reading
Shell Deepens Spending Cuts, Promises Higher Savings From BG
Royal Dutch Shell Plc cut spending plans further and promised increased savings following its record purchase of BG Group Plc as it continues to adjust to the slump in oil Continue Reading
Millions of New Vehicles in India Give Oil Prices a Lift
India’s rapid economic expansion—especially its growing appetite for cars—has fueled that nation’s oil consumption. The latest rebound in oil prices is getting help from an unexpected source: surging demand from Continue Reading
Massive 800 MegaWatt-hour Battery to Be Deployed in China
China will soon be home to the world’s largest battery. The massive power facility will provide peak shaving, grid stability, emergency power, and load management to the Dalian peninsula in Continue Reading
Groups urge U.S. Congress to reject TPP over environmental concerns
More than 450 groups on Monday called on Congress to reject the Trans-Pacific Partnership (TPP) if it comes up for a vote this fall, saying the trade deal would allow Continue Reading
Devon Energy to get nearly $1 billion from asset sales
U.S. oil and natural gas producer Devon Energy Corp ( DVN.N ) said it would sell assets in Texas for nearly $1 billion and that it was making progress on Continue Reading