Shell battles Nigerian communities in high-stakes London lawsuit
A court in London will decide in coming weeks whether Royal Dutch Shell can face trial in the UK over oil spill allegations in Nigeria, a decision some legal experts Continue Reading
More Beijing schools to install air filters due to smog
Beijing’s education authorities have said the city will accelerate the installation of air purifiers in schools and kindergartens to protect student health on polluted days. The municipal education commission of Continue Reading
China Foreign-Exchange Reserves Continue Drop
China’s foreign-exchange reserves fell to the lowest level in nearly six years last month, testing the central bank’s resolve to control the weakening yuan’s descent to a pace it dictates. Continue Reading
AP source: Aging New York nuclear plant to close by 2021
The aging Indian Point nuclear power plant just north of New York City will close within four years under a deal with Gov. Andrew Cuomo, who has long argued it Continue Reading
Gas prices last year were the lowest in 12 years
A federal survey of retail gasoline prices in the United States in 2016 found consumers paid the lowest average price at the pump last year in 12 years. The U.S. Continue Reading
U.S. Oil-Rig Count Climbs by Four, Baker Hughes Says
The number of rigs drilling for oil in the U.S. rose by four in the past week to 529, oil-field services company Baker Hughes Inc. said Friday The U.S. oil-rig Continue Reading
U.S. Rig Count Rises To Highest Point In 1 Year
Oilfield services provider Baker Hughes is ringing in the new year with a 7-rig increase this week to the number of active oil and gas rigs in the United States, Continue Reading
Venezuela’s Oil Company Sued Over Latest Citgo Deal
Petróleos de Venezuela SA is facing new legal action from North American multinationals over financial maneuvers they say are designed to shield the state-owned oil giant’s U.S. assets from seizure. Continue Reading
Cost Reduction, Greater Efficiency Focus of Technology in 2017
Companies will continue focus on technology to keep costs low while enhancing efficiency and safety, industry observers tell Rigzone. A possible oil price recovery in 2017 won’t change the oil Continue Reading
US to sell 8 million barrels of sweet crude from three SPR sites
The US government plans to sell up to 8 million barrels of light, sweet crude from three of the Strategic Petroleum Reserve’s four sites later in January, with first deliveries Continue Reading