A section of the Trans-Alaska Pipeline in the northern Brooks Range, Alaska. A $3.5 billion budget gap prompts tough action by lawmakers Drillers say the changes threaten North Slope momentum Continue Reading
A small company just announced that it has made a “world-class” oil discovery in Alaska, which could be the largest find in the state in years. Caelus Energy LLC, a Continue Reading
Norway to withdraw $15 billion from sovereign wealth fund Cash needed to help fill an 8 percent budget shortfall Even Norway’s politicians are worried they might be taking too much Continue Reading
British government issues ruling on local appeals to hydraulic fracturing, siding in favor of the energy industry. Photo by photostock77/Shutterstock Industry appeals to local challenges to hydraulic fracturing operations were Continue Reading
Russian Energy Minister Novak Russia needs to diversify away from oil and gas, and fast, says the chief executive of the country’s largest lender, Sberbank. According to German Gref , Continue Reading
Oil futures eased off a four-month high on Thursday after a sharp reduction in U.S. inventories fueled hopes that the market was beginning to work through its supply glut. Brent Continue Reading
Oil declined in New York after failing to break through $50 a barrel on Wednesday amid concern that the global surplus will persist into next year. Futures fell as much Continue Reading
Oil prices were steady on Thursday, underpinned by a surprisingly large drop in U.S. inventory levels the previous day to stay within sight of this year’s highs hit in June. Continue Reading
Natural-gas prices have rebounded by 80% from their February low. A storage tank at the… Prices may have rebounded by 80% from their February low but, on the surface, the Continue Reading
Oil’s rally will stall at $55 a barrel as U.S. shale drillers get back to work and a “wall of supply” from investments made over the past decade hits the Continue Reading
