Oil & Gas Industry

Trump wants to expand offshore drilling

President Trump is expected to issue an executive order Friday intended to greatly expand offshore areas in the Arctic, Atlantic and Pacific where …

Offshore Drilling

Economy top on agenda of Iranian presidential candidates

Iranian presidential candidates talk about their viewpoints on improving the country’s economy.

Iran

Over 3,000 oil wells shuttered after Firestone home explosion

FIRESTONE, Colo. — A Houston-based company announced just over a week after a fatal home explosion in Firestone, Colorado that it would shutter …

Oil and Gas

We Will Hit Peak Oil By 2030 But It's Not What You Think

Economists and geologists and everyone and their oilman has been telling us that one day, we will hit Peak Oil. One day, we will keep looking for …

Peak Oil

Cleaner, better gas is coming, but you'll pay more for it

Automakers and oil companies are quietly developing a new generation of fuels and engines to run more efficiently on them, generating more power from less gasoline to reduce emissions and boost fuel economy.<p>But industry executives are reluctant to talk publicly about their research.<p>Why so …

Energy

How Satellite Data Caught Gulf Oil Companies Hiding Enormous Oil Spills

An organization called SkyTruth is monitoring drilling companies for drastically underestimating the amount of oil they spill into the ocean.<p>In the Gulf of Mexico, which accounts for 17% of U.S. crude oil production, appetite for drilling is ticking up amid President Trump’s drive for energy …

Oil and Gas

Trump's energy plan isn't a game-changer

One of the pillars of President Trump's economic agenda is a promise to unleash the American energy industry.<p>Trump has rolled out a series of executive orders aimed at rejuvenating the battered coal industry and accelerating the rebound of the oil business.<p>The president plans to sign an executive …

Oil

Will OPEC extend output cuts?

There's a perception that oil markets are flooded due to non-OPEC output but fundamentals show demand will remain strong, says Richard Gorry, JBC …

OPEC

Gas industry weighs impact of export curbs

Major gas exporters on the east coast have promised to ensure higher domestic supplies but the industry has slammed the federal government's new …

Oil

Peak oil demand still decades away: Saudi Aramco CEO

Switching oil for cleaner fuels will be a “long and complex” transition meaning demand for crude to meet the world’s growing energy needs will remain …

Peak Oil

Stronger Oil and Gas Sales Fuel United States Lime Minerals Inc.'s Results

The lime and limestone product maker benefited from both higher limestone sales to oil and gas services customers as well as improving gas prices on …

Oil and Gas

Is Venezuela Making the Same Mistake With Mining As It Has With Petroleum?

The country's reliance on oil has destroyed its economy, and analysts say the same may happen with mining.

Venezuela

Macquarie, Brookfield test waters for $4bn Australian gas IPO

Major Western Australia gas supplier Quadrant Energy is being prepared for an initial public offering which could value the company at as much as $4 …

Oil and Gas

Why shale basins are set to replace the oilsands as Canada's new investment magnets

If dollars were votes the Canadian oilsands is getting an approval rating of about 55 per cent this year. Maybe that sounds like a great number for a …

Oil

Big mining groups rebound to extract a profit

The Lihir Gold mine in Papua New Guinea is a potent symbol of the excess of the mining investment boom that ended with the resources industry …

Oil

CAPP rejects findings in methane emissions reports

Canada’s oil and gas industry emits far more methane into the atmosphere than was previously known, according to two reports from environmental groups that are urging Ottawa to speed up plans to regulate reductions.<p>Working with researchers from St. Francis Xavier University, the David Suzuki …

Climate

TVA building solar installation at Memphis gas plant

The Tennessee Valley Authority says it is building a solar power facility at the Allen combined cycle gas plant in Memphis.<p>The power company says the …

Energy

The Cheap Energy Revolution is Here, and Coal Won’t Cut It - Bloomberg

Wind and solar are about to become unstoppable, natural gas and oil production are approaching their peak, and electric cars and batteries for the …

Energy

Oil Seen Falling Below $40 a Barrel If OPEC Doesn't Extend Cuts - Bloomberg

Crude will probably drop to less than $40 a barrel unless OPEC and allied producers extend their collective cuts in output beyond June, according to …

Oil

Trump's already making his mark on climate

His policies mean the U.S. could release billions more tons of greenhouse gases into the atmosphere in the coming decades compared with what Barack Obama envisioned.<p>President Donald Trump's aggressive rollback of the Obama administration's climate policies is already changing the trajectory of the …

Climate

Counting the missing billions: how Australia is losing out to oil and gas giants

Changing the rules on debt loading and adopting an alternative royalty scheme would reap billions in tax revenue<p>The federal government could collect billions more in royalties and tax revenue if it changed the rules on debt loading and adopted alternative royalty schemes in dealing with oil and gas …

Oil and Gas

5 countries could provide an unexpected jolt to the oil market

Global oil inventories have started to decline and the supply/demand balance will soon tip into a deficit, if it hasn’t already. That will accelerate the drawdowns in crude oil stocks, and bring the market back into “balance,” providing a lift to oil prices.<p>That, at least, is the working …

Oil

IBM, Stone Ridge Technology, Nvidia Break Supercomputing Record

It's no secret that GPUs are inherently better than CPUs for complex parallel workloads. IBM's latest collaborative effort with Stone Ridge …

What Sanctions? JP Morgan and Goldman Sachs Are Now Top Three Investment Banks in Russia

Can you name top three investment banks in Russia? The first is Russia's own VTB Capital. As of this year, the second and third are JP Morgan and …

Banking

New Trump executive orders will take aim at protected public lands, offshore drilling bans

President Trump's White House is a flurry of activity as it pushes to chalk up tangible achievements before Trump hits 100 days in office on …

Offshore Drilling

Latest Trump Orders Aim for More Offshore Drilling, Opening Up Protected Lands

As part of his ongoing effort to look busy before his 100th day in office, President Trump will sign two executive orders this week that could pave …

Offshore Drilling

Oil Supermajors Dig Out of Doldrums as Cash Poised to Surge - Bloomberg

Big Oil’s struggle against crude’s collapse is starting to ease, giving some companies enough cash to pay shareholders without piling on more …

Oil

80% zero carbon energy by 2040 achievable, says oil-backed commission

When I wrote about the arrival of unsubsidized wind farms (onshore and off), I noted that even Royal Dutch Shell was lobbying for a massive increase …

Renewable Energy

Cenovus faces investor displeasure after ConocoPhillips deal

CALGARY, Alberta (Reuters) - Cenovus Energy Inc (CVE.TO)(CVE.N) won about 87 percent of shareholders' votes for its board of director slate on Wednesday, below previous near-unanimous approvals, as some voters protested the company's C$17 billion ($12.6 billion) purchase of ConocoPhillips (COP.N) …

Oil

Azerbaijan’s Energy Minister Natig Aliyev will visit the U.S. to participate in the international Offshore Technology Conference (OTC 2017) in Houston

Azerbaijan’s Energy Minister Natig Aliyev will visit the U.S. on May 1-4 to participate in the international Offshore Technology Conference (OTC …

Oil