Exxon Mobil Corp.’s lawyer slammed New York’s securities-fraud case as the trial opened, saying the state “twisted” reality by conflating two internal metrics the company uses to account for the Continue Reading
Swiss voters have shifted the country’s political direction decisively leftward in elections that delivered a triumph for two environmentally focused parties and reversed decades of gains for the country’s hard Continue Reading
U.S. shale production growth is slowing down, and America’s shale output will likely peak in the next few years, Russia’s Energy Minister Alexander Novak said on Tuesday. We see that Continue Reading
NAO report details ‘financial pressure’ on local bodies Only three wells fracked to date, well behind plan Environmentalist groups call for end to fracking London — Progress in establishing a Continue Reading
Crude oil futures were largely steady during mid-morning trade in Asia Tuesday amid mixed signals on demand-supply fundamentals. At 10:35 am in Singapore (0235 GMT), ICE Brent December futures were Continue Reading
A marine biologist helps a newborn sea turtle reach the sea on Cape Verde’s Boa Vista island. (Credit: Danielle Paquette) BOA VISTA, Cape Verde — She emerged from the ocean Continue Reading
Theoretically, two lone nuclear reactors running on small pellets could power the entire planet, safely and cleanly. That’s the promise of nuclear fusion. So, why are we still relying on Continue Reading
Historian, author and strategic analyst — and onetime industrialist — Gregory R. Copley, 70, has for four decades worked at the highest levels with various… Israeli Prime Minister and Defense Continue Reading
This is the conclusion to the special report on Iran’s war on Israel, read part one here: Iran Prepares For War With Israel All of the recent geopolitical developments in Continue Reading
Khalifa Haftar in Libya Turkey’s intervention in support of the Government of National Accord (GNA) has helped push Khalifa Haftar’s Libyan National Army (LNA) beyond Gharyan. Further reports point to Continue Reading
Kuwait and Saudi Arabia are still negotiating the restart of oil production at jointly owned fields in the so-called Neutral Zone between the two countries, Kuwaiti Deputy Foreign Minister Khaled Continue Reading
Desalinated seawater is the lifeblood of Saudi Arabia, no more so than at King Abdullah University of Science and Technology, an international research center that rose from the dry, empty Continue Reading
One of Iraq’s single-point mooring export buoys is being replaced, temporarily reducing the backup options for Iraq’s economic lifeblood. Workers attempt repairs on the SPM-1 export buoy on Sept. 8, Continue Reading
The US government has given Chevron and four oil service providers permission to keep working in Venezuela for another three months, extending their exemption from oil sanctions that have hit Continue Reading
Ecuador has restarted crude oil exports after massive protests caused the country’s oil industry to more or less grind to a halt. “All exports that were suspended will be rescheduled Continue Reading
China has lifted its crude oil import quotas to allow mostly private refiners to bring in a further 12.9 million tonnes this year, a document seen by Reuters showed on Continue Reading
The US this month will again be the world’s largest oil consumer, but also a net petroleum exporter for this first time, a historic shift that may complicate international requirements Continue Reading
The oilfield services company vows to “streamline operations” in the fourth quarter to generate $300 million in cost savings. Halliburton Company intends to cut costs to the tune of $300 Continue Reading
Oilfield services giant Schlumberger is kicking off a strategic review of its North American land market business in the wake of weak regional performance during the third quarter. The review Continue Reading
California firefighters worked through the night into early Tuesday to tackle a pair of wildfires threatening people’s homes. Live aerial video footage broadcast by KABC-TV showed flames raging along a Continue Reading
Goldman Sachs wound back its forecast for growth in U.S. shale output in 2020, and slightly reduced its outlook for 2020 global oil demand growth. The brokerage said it expects Continue Reading
Pacific Gas & Electric warned that it would likely cut power temporarily to hundreds of thousands of customers in Northern California by Wednesday night for the second time in two Continue Reading
One franchise’s challenge: Amid rising sea levels, build a stadium to last 100 years. A number of American pro sports venues could be vulnerable to rising waters brought on by Continue Reading
The first and third-largest oilfield service companies in the world saw their earnings hit in the third quarter due to the slowdown in U.S. shale drilling. Schlumberger took a $12.7 Continue Reading
After years of anticipation, ExxonMobil goes on trial this week. The oil major has been under scrutiny for years by several state attorneys general over allegations that the company intentionally Continue Reading
“Conventional wells not being drilled now won’t be producing later on.” Over the past decade, the U.S. oil and gas sector has emphasized developing short-cycle-time unconventional projects rather than wildcat Continue Reading
Oil-field services company Halliburton Co. posted weaker quarterly earnings Monday as revenue in the company’s North America business slumped, but cost cuts and a better-than-expected outlook pushed shares higher. Companies Continue Reading
In the not too distant future, oil workers in Russia could be supervised by an artificial intelligence program dubbed Cyclops. Sputnik reports that the program, developed by a state program Continue Reading
Oil fell on Monday as concerns about economic growth combined with signs of ample global supplies pressured prices, outweighing bullish signals from Europe, where fears of an economically damaging no-deal Continue Reading
Bets on rising U.S. oil prices have hit a nine-month low, underscoring investors’ concerns that a slowing economy will dent demand for crude at a time when the world is Continue Reading
Global renewable energy capacity is set to rise by 50% in five years’ time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Energy Continue Reading
Global additions of renewable power capacity are set to rise 50% by 2024, with 1,200 GW installed over the next six years, the International Energy Agency said Monday. The increase Continue Reading
Although modern oil companies operate in a very different world from that of the villainous oil baron JR Ewing, the fictional Texan character can still offer investors some inspiration or Continue Reading
The American political leadership may not have been able to connect the dots on a withdrawal in Syria, but it’s really quite simple: 1) Americans step aside 2) Turks swarm Continue Reading
The Aramco IPO has become a headache for many investors having been delayed yet again this week. Banks are now worried that it will be delayed until the end of Continue Reading
Protest organizers and Iraqi security officials are expecting a new round of demonstrations this week, potentially opening a volatile new phase that could threaten Prime Minister Adil Abd al-Mahdi’s government. Continue Reading
Mustafa Kemal Ataturk, the founder of modern Turkey, founded Halkbank in 1933 to provide cheap credit easily to small business owners and large industrial entrepreneurs. Fast forward 80 years, and Continue Reading
The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. Central bank governors and finance ministers traded Continue Reading
The attorney general’s office said the company told investors that it was taking into account the future costs of regulations it expected governments to adopt in response to climate change. Continue Reading
Of all the market-moving tweets these days, one in particular from Democratic presidential hopeful Sen. Elizabeth Warren is sending shivers through the oil industry. “On my first day as president, Continue Reading
Raisa Energy LLC, a Denver-based oil-and-gas company backed by private equity firm EnCap Investments LP, closed the first such offering in September and several others are planned before the end Continue Reading
A tornado barreled through the Dallas-Fort Worth metroplex on Sunday night, obliterating concrete buildings, a big rig and utility poles in a wide path of destruction and leaving tens of Continue Reading
Over the past five years, the number of electric buses in Europe has increased from around 200 to 2,200 vehicles, according to a report from Busworld. For 2019, Poland-based Solaris Continue Reading
Britain will leave the European Union on Oct. 31 despite an unsigned letter that Prime Minister Boris Johnson was forced by his opponents to send to the bloc requesting a Continue Reading
The UK has just ended its first quarter ever in which electricity generation from renewables outpaced fossil fuel-fired power generation—a landmark achievement for the country that started the Industrial Revolution Continue Reading
NEW YORK (Reuters) – Oil prices edged lower on Friday, as concerns about China’s economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress Continue Reading
Trade war woes and economic concerns have kept a lid on oil prices this week, despite bullish geopolitical news in the Middle East. Oil prices were down on Friday morning Continue Reading
“We’ve taken control of the oil in the Middle East,” President Trump claimed on Friday afternoon, in response to criticism over his handling of US troop movements out of Syria. Continue Reading
Kurdish forces began pulling out of a 20-mile buffer zone in northern Syria as fighting eased on Friday, Turkish and American officials said, signaling that a cease-fire announced a day Continue Reading
With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram Continue Reading
