Oil breakthrough for Mexico with Eni discovery
Italian energy company Eni said Thursday it confirmed the potential for oil offshore Mexico in the first drilling campaign by a foreign company since 2013. Eni said it confirmed the Continue Reading
Six Years After Fukushima, Much of Japan Has Lost Faith in Nuclear Power
The Japanese government should consider a fundamental change in its current nuclear energy policy if it wants to recover the public’s trust in nuclear power, writes Tatsujiro Suzuki, Director of Continue Reading
PetroChina Mulls $85 Billion Spinoff
PetroChina may be considering a spinoff for its oil and gas pipeline business, which could be worth as much as $85 billion, according to investment analysts. The suggestion has been Continue Reading
Climate Change May Be Intensifying China’s Smog Crisis
Chinese leaders, grappling with some of the world’s worst air pollution, have long assumed the answer to their woes was gradually reducing the level of smog-forming chemicals emitted from power Continue Reading
Saudi Aramco inks term crude supply with China’s CNOOC for Huizhou refining project
Saudi Aramco has signed a one-year crude supply contract with China National Offshore Oil Corp. for its upcoming Phase 2 Huizhou refining project, as Saudi Arabia steps up efforts to Continue Reading
Norway’s Statoil top bidder for U.S. offshore licenses
As one of the companies with the largest take in a U.S. offshore auction, Norway’s Statoil said it reset its Gulf of Mexico position as the market improves. Statoil was Continue Reading
Record precipitation, snowpack in California expected to increase hydro generation in 2017
Drought Monitor Republished March 23, 2017, 11:30 a.m. to correct the percentage of California still in D1 status. For the first time since 2011, California’s drought is significantly weakening—a result Continue Reading
Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Top bidders included Shell Offshore, Statoil, Chevron and Hess Corp, each offering more than $44 million for access to offshore exploration and production, according to federal records. Offshore energy companies Continue Reading
There’s almost zero rationale for Arctic oil exploration
Drilling the Arctic region for oil cannot be justified against the background of the major shift in the global oil production paradigm, Goldman Sachs’ lead European commodities equity specialist said Continue Reading
Professor Tad Patzek on Oil in the Arctic
[Shell spent 10 years and $7 billion before withdrawing from exploring the arctic because the oil and gas reserves they found were too meager. The company needed “a multi-billion barrel Continue Reading