Despite tough industry conditions, bidding that emerged in the latest lease shows the U.S. Gulf of Mexico remains good energy acreage, the government said. Only three companies emerged with bids Continue Reading
An advocacy group called on the U.S. government to enact further restrictions on Atlantic Ocean energy work, citing seismic threats to marine animals. Oceana published new mapping data in coordination Continue Reading
Some of the world’s largest energy companies are saddled with their highest debt levels ever as they struggle with low crude prices, raising worries about their ability to pay dividends Continue Reading
Lithium brine We’ve gone electric, and there’s no going back at this point. Lithium is our new fuel, but like fossil fuels, the reserves we’re currently tapping into are finite—and Continue Reading
Eagle Ford rig Most companies have struggled to come to grips with the 2014 crude price crash by curbing investments and delaying projects. The top developers in the Eagle Ford Continue Reading
Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, Continue Reading
Rosneft, Gazprom targeted in new levies through 2020 State giants could lose as much 10% of cash flows: Sberbank Russian stocks fell for a second day after the government renewed Continue Reading
Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August’s price rally had been overdone and that a proposed oil production freeze at current near-record levels Continue Reading
Oil prices fell early on Wednesday as an unexpected build in U.S. crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down Continue Reading
Oil companies broadly advanced on Tuesday as crude rebounded, buoyed by speculation that Iran will attend a meeting of Opec producing countries next month. Members of the oil producing cartel are Continue Reading
