Expect Higher Oil Prices As OPEC Clashes With Trump
The ongoing turf war between U.S. president Donald Trump and OPEC+ where the oil market needs to be heading is again heating up. With a barrage of accusations, Trump has Continue Reading
Fixing Lebanon’s ruinous electricity crisis
Lebanon’s electricity crisis has pushed it to the brink of financial ruin, as power cuts hobble the economy and subsidies have racked up one of the world’s largest public debt Continue Reading
This Is the Algerian End Game That Has Oil Investors Worried
Protests that erupted six weeks ago in Algeria have now transformed into a million-strong force against aging Algerian strongman President Abdelaziz Bouteflika, with Exxon having already called the political unrest Continue Reading
Saudi Aramco gets first credit ratings ahead of bond debut
Saudi Aramco, the world’s top oil producer, has been rated A+ by Fitch and A1 by Moody’s in its first-ever credit ratings, ahead of the state oil giant’s first global Continue Reading
Aramco to pay $69.1 billion SABIC acquisition in tranches: document
Saudi Aramco intends to pay for its $69.1 billion acquisition of a majority stake in Saudi Basic Industries Corp’s (SABIC) in separate tranches, according to a presentation given by Aramco Continue Reading
Aramco Is the World’s Most Profitable Company, Ratings Agencies Say
Saudi Aramco made $111 billion in net income last year, according to rating agency Moody’s Investors Service, making the oil and gas firm the most profitable company in the world. Continue Reading
Poor air quality to remain a problem in India despite pollution control policies
According to an independent study by the International Institute for Applied Systems Analysis (IIASA) and the Council on Energy, Environment, and Water (CEEW), more than 674 million Indian citizens are Continue Reading
China March factory activity grows for first time in four months, but exports weak
Factory activity in China unexpectedly grew for the first time in four months in March, an official survey showed on Sunday, suggesting government stimulus measures may be starting to take Continue Reading
China to build 6-8 reactors a year to meet 2030 goals: exec
China will be able to build six to eight nuclear reactors a year once the approval process gets back to normal in the near future, the chairman of the state-owned Continue Reading
After China’s deadly chemical disaster, a shattered region weighs cost of the rush to ‘get rich’
A deadly factory explosion in 2007 didn’t kill Ren Guanying. Nor did the chlorine gas leak that sparked mass panic in 2010. When countless smaller industrial accidents struck this smog-choked Continue Reading
Trump’s Order to Open Arctic Waters to Oil Drilling Was Unlawful, Federal Judge Finds
In a major legal blow to President Trump’s push to expand offshore oil and gas development, a federal judge ruled that an executive order by Mr. Trump that lifted an Continue Reading
A Texan’s Big Bet on a Fossil-Fuel Future for California
Cam Cottrill California has positioned itself as a leader in the fight against climate change. It leads the nation by far in solar power. And it is working to reduce Continue Reading
Federal judge declares Trump’s push to open up Arctic and Atlantic oceans to oil and gas drilling illegal
A federal judge in Alaska declared late Friday that President Trump’s order revoking a sweeping ban on oil and gas drilling in the Arctic and Atlantic oceans is illegal, putting Continue Reading
US Oil Production Dips For First Time In Nearly Six Months
Average daily crude oil production slipped during the month of January for the first time in nearly six months, according to the Energy Information Administration’s latest report published on Friday Continue Reading
Shale boom cuts price of gas to record low
In west Texas last week, you could not give gas away, as prices dropped to record lows. Companies trying to offload natural gas at the Waha hub, in the booming Continue Reading
‘Breaches Everywhere’: Flooding Bursts Midwest Levees, and Tough Questions Follow
The widespread, severe flooding in the Midwest over the last month has exposed the vulnerabilities in a levee system that is now so full of holes that many here ruefully Continue Reading
Big Oil Is Heading Offshore
Oil companies will this year increase their investments in offshore drilling for the first time after five years of spending cuts as optimism for this segment of the industry returns Continue Reading
Trump’s Foreign Energy Policy Could Haunt Him In 2020
Iran can’t seem to get a break, at least as far as the U.S. is concerned. Yesterday, Sigal Mandelker, undersecretary of the Treasury for Terrorism and Financial Intelligence, told reporters Continue Reading
MIT, NASA engineers develop morphing wing
A team of engineers has built and tested a radically new kind of airplane wing, assembled from hundreds of tiny identical pieces. The wing can morph to control the plane’s Continue Reading
German power lobby sees shortfalls due to coal, nuclear phase-out
German power companies on Monday warned of a potential gap between conventional electricity capacity and demand by 2023, urging policymakers to help investors by rewarding new capacity and speeding power Continue Reading
Why you should work in oil and gas
Forty-odd years ago, about to graduate from university, I received my first job offer, from BP. I accepted instantly. Oil was the industry of the moment. North Sea oil and Continue Reading