Following three painful years of portfolio repositioning, cost cuts, and deferred projects, the offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs Continue Reading
University of Texas at Austin and Monash University researchers have recently discovered a new, efficient way to extract lithium and other metals and minerals from water. With continual technological advancements Continue Reading
The inconsistencies of power produced by wind, water, and sunlight and the continuously fluctuating demand for energy often hinder renewable energy solutions. In a new paper, which appears in Renewable Continue Reading
Oil prices closed at a one-week high on Friday, recouping losses as optimism over the crude market rebalancing outweighed concerns about shale production. Light, sweet crude for March delivery rose Continue Reading
NEW YORK (Reuters) – Oil prices edged up on Friday as a rebound in the global equities market and a weak dollar supported crude’s recovery from last week’s slide. Global Continue Reading
Oil futures settled higher Friday, lifted by the resurgence of equities and pressure on the US dollar against other major currencies. NYMEX March crude settled 34 cents higher at $61.68/b. Continue Reading
OPEC and Russia, along with other countries participating in the oil production cuts aimed at balancing the market, are looking to create a “super group of oil producing countries,” according Continue Reading
Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih’s latest guidance that Saudi would prefer to overtighten the market Continue Reading
“Iran is rich in oil and natural gas resources. It is ready to share the natural resources with India for its development and progress,” Indian media quoted Rouhani as saying Continue Reading
Bloomberg . The “dire” shortage, which has reached “force majeure” proportions, requires 625,000 barrels per day of gasoline imports daily to be quelled, Ndu Ughamadu, a spokesman for the Nigeria Continue Reading
