Fires Spark a Double Bonanza for Oil Refiners
Oil refiners from Japan to the U.S. are benefiting from being forced by fires to make less fuel. A slew of blazes at plants across the globe is shrinking supplies Continue Reading
Lebanon to Auction Energy Rights in Waters Contested by Israel
Lebanon wants to auction energy rights to areas in the Mediterranean Sea contested by neighboring Israel and will invite more companies to qualify for bidding next month. The new bidders Continue Reading
Saudi Aramco Hires Firm to Assess Oil Reserves Before IPO
Saudi Arabia’s state oil company has hired an energy consultancy to assess its reserves of crude oil, people familiar with the matter said, opening a window onto a closely guarded Continue Reading
Baker Hughes Is Busy Drilling in Middle East Even as OPEC Cuts
OPEC production cuts haven’t slowed the search for more oil in the Middle East. Baker Hughes Inc., which will soon be the world’s second-largest oil services provider, called the Middle Continue Reading
Exclusive: Millions of barrels of Venezuelan oil stuck at sea in dirty tankers
More than 4 million barrels of Venezuelan crude and fuels are sitting in tankers anchored in the Caribbean sea, unable to reach their final destination because state-run PDVSA cannot pay Continue Reading
China’s Oil Majors Set To Lift CAPEX For First Time In Years
China’s oil majors are expected to pump up spending in 2017 for the first time in years, scrambling to squeeze more barrels of crude out of ageing domestic wells in Continue Reading
Toshiba reckoning looms with chip decision, nuclear hole unresolved
Toshiba Corp faces a day of reckoning on Friday, when it is expected to offer an initial estimate of the multibillion-dollar charge it must take on its U.S. nuclear business, Continue Reading
U.S. EPA aims to end freeze on contracts, grants on Friday
The U.S. Environmental Protection Agency has told several lawmakers it aims to end its freeze on grants and contracts late Friday, congressional aides said. The freeze had led to widespread Continue Reading
Trump Wants to Downplay Global Warming. Louisiana Won’t Let Him
Sea-level rise threatens the future of homes and businesses in Plaquemines Parish and surrounding coastal areas. On a recent morning in Baton Rouge, a thousand miles from where Senate Democrats Continue Reading
Baker Hughes still struggling, but strains easing
Oilfield services company Baker Hughes reported mixed results with a small quarterly loss balancing against substantial cost reductions. Baker Hughes, which provides support for the exploration and production side of Continue Reading