Norway’s government won’t propose any tax incentives for oil companies to boost recovery at aging fields and marginal offshore discoveries before parliamentary elections later this year. “There are no planned Continue Reading
Doug Lawler, chief at shale gas forerunner Chesapeake Corp., tells CERAWeek audience the commodity price downturn forced independent upstream companies to become stronger. The dramatic price downturn that bankrupted more Continue Reading
An industry trade group sees confidence returning to the British North Sea, but lingering challenges remain for oil and natural gas. File photo by Maryam Rahmanian/UPI. March 7 (UPI) — Continue Reading
A General Electric wind turbine on display. An industry trade group said wind energy is the new American “cash crop.” File photo by Alexis C. Glenn/UPI. March 7 (UPI) — Continue Reading
The oceans of the world are a vast unexploited source of clean, reliable and predictable renewable energy. Could this energy help replace fossil fuels and be a solution to climate Continue Reading
Oil fell in New York as clashes between armed factions in Libya curbed crude output, while U.S. drilling increased. Futures slipped 0.2 percent. Libyan production dropped after clashes forced two Continue Reading
The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest. After hitting a record high last week, hedge funds reduced Continue Reading
Workers look at a drilling rig of the Rosneft-owned Prirazlomnoye oil field outside Nefteyugansk, Russia, August 4, 2016. Oil prices slipped in Asian trade on Monday, wiping out some of Continue Reading
Oil prices edged lower Monday, as investors continued to weigh OPEC’s production cuts against rising production in the U.S. U.S. crude futures fell 13 cents, or 0.24%, to $53.20 a Continue Reading
Oil majors have long been passive watchers of the pump war between OPEC and U.S. shale producers, but not any more. Majors were unable to grow output for the past Continue Reading
