Venezuelan state-owned PDVSA is seeking to extend the contracts of three petroleum tankers, and hire five additional tankers, to compensate for the loss of vessels due to US sanctions, according Continue Reading
The opposition-led National Assembly of Venezuela this week voted to suspend crude oil shipments to Cuba after its president, Juan Guaido, slammed these exports as “funding dark purposes” in a Continue Reading
(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to its lowest in nearly a year as independent Continue Reading
The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, despite US oil production resuming highs this week that Continue Reading
The U.S. scrapped a total of 10 oil and gas rigs this week. The U.S. dropped 10 oil and gas rigs this week, according to weekly data compiled by Baker Continue Reading
A major battery storage project that would help California replace three of its natural gas power plants may need to be scrapped as a result of PG&E Corp’s bankruptcy, according Continue Reading
General Motors Co. said Friday it will invest $300 million to build a new electric car domestically rather than outside the country, a decision that comes as President Trump has Continue Reading
As record-breaking floods swamped the Midwest this week, dozens of levees built to protect people from flooding have catastrophically failed. The destruction has caused billions of dollars in damage and Continue Reading
An earthen barrier holding chemicals that leaked from a massive petrochemical fire outside Houston breached on Friday, prompting restrictions on travel around the site and through a part of the Continue Reading
A three-day petrochemical fire that spread a cancer-causing chemical and thick smoke over Houston suburbs this week have spurred calls for tougher safety regulations that could affect a nearly dozen Continue Reading
