Unnamed militants attacked a boat transporting Eni workers in the Niger Delta region June 29, killing two, an Eni spokesperson told Rigzone Monday. Unnamed militants attacked a boat transporting Eni Continue Reading
The investment in the expansion of the field known as Tengiz—one of the world’s largest—comes on top of around $37 billion already spent by Chevron, the operator, and its partners: Continue Reading
Chevron Corp. has decided to go ahead with the $36.8 billion expansion of the Tengiz oil project in Kazakhstan. The company and its partners will spend $27.1 billion on facilities, Continue Reading
Crisis-struck Venezuela is sending two supertankers filled with fuel oil across the oceans to Singapore, in what traders described as a surprise move that could help reduce a tight market. Continue Reading
Brazil’s state-run oil firm Petróleo Brasileiro SA said Monday that it is putting nine small, shallow-water oil fields up for sale, part of a previously announced divestment plan meant to Continue Reading
China’s GDP stood at 15.9 trillion RMB yuan (2.4 trillion U.S. dollars) in the first quarter this year, growing up by 6.7 percent year on year, the National Bureau of Continue Reading
The collapse of the U.S. economic and financial system accelerated this year, thus pushing the country closer to a third-world status. Most Americans are unaware of the dire consequences facing Continue Reading
Governments’ mid-year revenue forecasts and tax receipts fall Officials face budget shortfalls in an election year Energy-dependent U.S. states stepped over the threshold of fiscal 2017 only to face revenue Continue Reading
Solar power is on pace for the first time this year to contribute more new electricity to the grid than will any other form of energy – a feat driven Continue Reading
Hedge funds and other money managers are betting diesel and heating oil will take over from gasoline as the main driver of U.S. refinery profitability in the second half of Continue Reading
