Progress noted for BP’s Mad Dog oil giant offshore U.S.
Work for BP is geared toward linking one of the largest fields in the U.S. Gulf of Mexico to a floating production unit, a services company said. “We are committed Continue Reading
This Discovery Is Changing Solar Energy Forever
Rice University scientists have discovered a novel phenomenon of light-induced lattice expansion in perovskite materials. The lattice expansion cures bulk and interface defects, which leads to an enhancement of perovskite Continue Reading
Weak consumer spending seen restraining U.S. growth in first quarter
The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening Continue Reading
Companies Feel the Impact of Rising Oil Prices
The highest oil prices in years are increasing expenses for companies that had grown used to low energy costs since crude’s 2014 tumble, while the turnabout is proving to be Continue Reading
Wall Street Wants More From Big Oil
Royal Dutch Shell saw its profits jump by 42 percent in the first quarter, leading to the best quarterly results in years. Yet Wall Street is still skeptical of Shell Continue Reading
Low Canadian Oil Prices Throttle Production, Company Earnings In Q1
Worsening transportation bottlenecks that led to wider discount of Canadian crude oil prices stifled the production and earnings of some of the big oil sands producers in the first quarter. Continue Reading
Gazprom Continues To Ship Gas To Europe Like It’s Winter
Gazprom is currently shipping as much gas to Europe as it typically does in winter months, and expects demand this summer to be close to winter levels, Alexander Medvedev, Deputy Continue Reading
Britain looks to ancient mines for electric future
Britain is banking on a series of ancient mines on its southwestern tip to secure a slice of the global electric car revolution. The English county of Cornwall and the Continue Reading
Slowdown in France Raises Questions Over Eurozone Recovery
The French economy slowed in the first three months of the year, but Spain continued to enjoy a robust expansion, raising questions over the long-term strength of the eurozone’s recovery. Continue Reading
Oil prices rise on Iran sanctions worries, falling Venezuelan output
Oil prices rose on Thursday, supported by expectations the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand. Brent crude oil futures Continue Reading