Judge Deals Exxon Blow In Climate Cover-Up Case
A federal judge has put an end to Exxon’s attempt to sue the district attorneys of New York and Massachusetts for investigating the company with relation to its alleged cover-up Continue Reading
EPA To Scrap Fuel Efficiency Rules
The U.S. Environmental Protection Agency (EPA) is expected to announce in the coming days that it will be rolling back the fuel economy targets for cars and SUVs—a move that Continue Reading
EPA chief to sign fuel economy determination this weekend: sources
US Environmental Protection Agency Administrator Scott Pruitt will sign a final determination by Sunday which will begin a months-long effort to weaken US fuel economy standards and likely set off Continue Reading
Oil prices rise with Wall Street; U.S. crude discount widens
Oil prices rose on Thursday as the equities markets rallied and as market participants weighed a rise in U.S. crude inventories and production against continued OPEC supply curbs. WTI’s discount Continue Reading
New Oilfield Capex To Surpass $800 Billion By 2025
Capital expenditure on upcoming oil and gas fields worldwide will amount to US$811 billion on 615 projects planned between 2018 and 2025, data and analytics company GlobalData says. In upcoming Continue Reading
Oil Majors Should Invest In Deepwater Drilling
Following a record year for production, deepwater drilling may be bound for another round of investment. All the oil and gas exploration financed in the decade of high prices that Continue Reading
Oil to rise in 2018 as OPEC wages tug-of-war with U.S. shale: Reuters poll
(Reuters) – Oil prices are likely to rise this year thanks to supply disruptions and an OPEC-led deal to limit production, but doubts over the future of compliance with the Continue Reading
Big Oil Expresses Interest In 11 Iraqi Oil & Gas Fields
Sixteen companies—including Big Oil’s Exxon, Chevron, and Total—have expressed interest in taking part in Iraq’s bidding round on April 15, which will award the rights to develop 11 oil and Continue Reading
Iraq’s Oil Reserves May Be Much Higher Than Thought
Iraq’s crude oil reserves may turn out to be much higher than believed, the country’s oil minister Jabar al-Luaibi said at a recent industry event, timing the statement with news Continue Reading
IOCs scramble to analyze new contract model
The Oil Ministry has shortened the deadline for its fifth bidding round, giving companies just days to evaluate big changes to the contract model. Iraqi oil officials lead the first Continue Reading