Chevron expects to restart drilling in the semi-autonomous Kurdistan Region in Iraq and is taking steps to remobilize staff and equipment, The Wall Street Journal quoted a Chevron spokeswoman as Continue Reading
Saudi Arabia’s King Salman ordered a deposit of $2 billion to be paid into Yemen’s central bank on Wednesday to shore up the weak Yemeni currency, the Saudi government said. Continue Reading
Nigeria is the second-worst country in terms of electricity supply out of 137 countries ranked by the Spectator Index. It is second only to war-torn Yemen, and its national grid Continue Reading
South Africa’s Cape Town, one of the world’s iconic tourist destinations, could run out of water by April as the city’s worst drought in a century risks forcing residents to Continue Reading
The oil slick spreading from the site of the sunken Iranian oil tanker Sanchi is getting bigger and moving north, Chinese maritime authorities said. The Chinese State Oceanic Administration said Continue Reading
Working in a partnership with Australian and Japanese partners, Exxon Mobil said new hydrocarbons were found while drilling in gas-rich Papua New Guinea. A regional affiliate of Exxon is working Continue Reading
Renewables and clean energy innovators won $333.5 billion in investments in 2017 – an increase of three percent from 2016 figures, Bloomberg New Energy Finance figures show. Half of it Continue Reading
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few Continue Reading
U.S. oil output is expected to continue to rise in February with production from shale rising by 111,000 barrels per day (bpd) to 6.55 million bpd, the U.S. Energy Information Continue Reading
The two largest US car companies offered cautious predictions for 2018 as Ford forecast sweeping cost cuts and General Motors said it expected stalled profit growth. The warnings come after Continue Reading
