IOCs

Congress Struggles With Funding Repairs To U.S. Capitol Dome

Christopher A. Smith Confirmed as Assistant Secretary for Fossil Energy WASHINGTON – Christopher A. Smith was confirmed by the Senate on Tuesday, December 16th, 2014, as the Department of Energy’s Assistant Secretary for Fossil Energy. “Chris Smith’s depth of expertise and experience in the fossil energy field make him extremely well qualified for this position.… Keep reading →

Once-in-63-year Drought Happens In Henan

Pick your poison, but the two widely-used terms elicit different reactions from various segments of the US population and demographic strata. “Global warming” also poses a greater sense of threat to one’s self and one’s family, especially for women, Hispanics, African-Americans, Democrats, Independents and Republicans. Actually, the report notes that “climate change appears to actually reduce issue engagement”… Keep reading →

Neurath Power Plant Rated Germany's Biggest CO2 Emitter

Germany, the UK and Poland have the dirtiest coal plants in the EU, where the share of coal in power generation is currently around 25%. The IEA says EU coal-fired generation needs to be below 4% by 2035 to combat climate change. Germany exported a record amount of power in 2013 as it generated more… Keep reading →

2013 Vertical Run In Beijing

The changing relationship between international oil companies and national oil companies is a fascinating topic that constantly shifts with global economic trends, supply/demand fundamentals, geopolitical balance of power and much more. The global oil market pivot eastward toward rapidly expanding Asian economies is nothing new, but the prospect of a powerful new Asian-based international oil… Keep reading →

John Kerry Holds Trilateral Meeting With Canadian And Mexican Counterparts

  The US State Department released its Final Environmental Impact Statement on the Keystone XL Pipeline project Friday, which received spirited reactions across the energy business and political spectrums. The findings were largely in line with previous Environmental Impact Statements, which concluded Canada’s oil sands resources would likely be developed regardless of the pipeline’s construction.… Keep reading →

An Oil Refinery Ablaze In Jiujiang

A fire at the Motiva refinery – the largest in the US – took more than half its capacity offline for at least two weeks. “The fires come on top of a nagging vibration problem with a key pipe in the plant’s biggest crude distillation unit, or CDU, that is expected to keep it running… Keep reading →

An Iranian war-boat fires a missile during the ‘Velayat-90’ navy exercises in the Strait of Hormuz in southern Iran on December 30, 2011.

The fact that some of the world’s largest oil and gas reservoirs are 100% owned and operated by national oil companies could benefit international oil companies if economic sanctions imposed on Iran constrain the country’s petroleum production, Moody’s Investors Service said in a recent note. Keep reading →