Nigeria Makes First Step Away From Oil
Nigeria’s state oil company is venturing into renewable fuels with a contract that will see a bioethanol plant built in the state of Kebbi, in northeastern Nigeria. The plant will Continue Reading
Venezuela’s PDVSA says making bond payments, urges trust
Venezuelan state oil company PDVSA said on Friday it was making last-minute payments on two bonds close to default, including one backed by shares in U.S.-based refiner Citgo, and called Continue Reading
Venezuela’s PDVSA To Cut Costs By 50%
Venezuela’s state oil company PDVSA has launched a cost-cutting drive aimed at slashing expenses by half as the company continues to struggle with declining oil production and unpaid debts. The Continue Reading
China issues more 2017 oil import quotas to three independent refiners: sources
China has issued crude oil import quotas for 2017 of 1.5 million tonnes to three independent refiners, three sources familiar with the situation said on Saturday, a sign Beijing is Continue Reading
As Money Tightens, an Oil Boom Town Fights for Its Share
Williston, N.D., built a $70 million recreation center, complete with an indoor water park, with the influx of wealth from the oil boom. When the oil boom came to Williston, Continue Reading
Oil Major: 70% Of Crude Can Be Left In The Ground | OilPrice.com
Canada’s oil sands are too dirty to be produced, and should probably stay in the ground. That has long been the sentiment of environmental groups, but it is also gaining acceptance Continue Reading
Tesla’s Newest Promises Break the Laws of Batteries
Elon Musk knows how to make promises. Even by his own standards, the promises made last week while introducing two new Tesla vehicles—the heavy-duty Semi Truck and the speedy Roadster—are Continue Reading
TransCanada recovers 44,400 gallons of oil from Keystone pipeline spill site
TransCanada Corp said on Friday it has recovered 44,400 gallons, or 1,057 barrels, of oil from the Keystone pipeline spill site at Amherst, South Dakota. The company had shut down Continue Reading
Storm That Unleashed Deadly Floods in Greece Was a Rare ‘Medicane’
Tropical systems don’t usually form in Mediterranean Storm developed eye wall like a hurricane, NOAA says A “rare tropical-like storm” grew in the waters of the Mediterranean Sea last week Continue Reading
Russia ready to support oil output deal as OPEC meeting looms
Russia said on Friday it is ready to support extending a deal among oil producers on cutting output, less than a week before OPEC meets in Vienna to discuss policy, Continue Reading