Talks between Exxon Mobil ( XOM.N ) and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to Continue Reading
Saudi Arabia and Russia forged a risky oil-market deal about 18 months ago, agreeing to throttle back output in an effort to lift prices. It worked. A glut of stored Continue Reading
Africa’s second-largest oil producer Angola is seeking non-financial assistance from the International Monetary Fund (IMF) to help it with reforms aimed at revitalizing the economy that has suffered from low Continue Reading
The decline of Venezuela’s oil production for the foreseeable future has been assumed, and to a large extent, already priced into the market. However, an acceleration in the rate of Continue Reading
Venezuelan intelligence services have arrested two local employees of Chevron, Reuters reports , citing unnamed sources. The reason for the detention has not yet been established. Neither the company, nor Continue Reading
When the Panama Canal was expanded, it drew a lot of enthusiasm, with many seeing U.S. oil and gas exports surging thanks to the wider waterway that cuts the journey Continue Reading
In a world with an ever-increasing demand for electricity and a deteriorating environment, Chinese scientists are leading the charge to develop what some see as the holy grail of energy. Continue Reading
The decision by the government of Australia’s Northern Territory government to allow the resumption of fracking for natural gas will do little to immediately solve the country’s energy woes, but Continue Reading
In most parts of the world there is probably not enough wind power capacity, but in northwestern China there is too much, it seems. As a result, one city in Continue Reading
The United States can’t stay competitive in the offshore oil and gas market without incentives like reduced royalty rates, an industry trade group said. Going against policy recommendations, U.S. Interior Continue Reading
