Energy companies, such as Irving Oil, have responded to the latest slump in the oil price by selling approximately $318 billion of assets such as storage facilities, pipelines and fuel terminals. [WSJ] Energy companies climbed after being beaten down over the past several days, with markets rising on Thursday. [U.S. News/AP] Toshiba, the technology company… Keep reading →
The latest attempt by Saudi Arabia to kill off the threat from US shale oil has sent oil prices slumping to their lowest level since the depths of the global recession seven years ago. [The Guardian] New congressional legislation to empower nuclear energy through R&D infrastructure in a way that benefits private sector investment into advanced… Keep reading →
BP’s application to drill in the Great Australian Bight has been rejected after it fell short of environmental standards. [The Guardian] The sixty percent decline in oil prices in the past year has put a damper on energy sector mergers-and-acquisitions, except in a couple of cases within the sector. [Forbes] Energy Transfer Partners LP has… Keep reading →
OPEC has maintained its forecasts for oil demand growth and supply in its latest report, a precursor to its highly-anticipated meeting in December. [CNBC] Vacuum cleaner manufacturer Dyson has lost its bid to change European energy labeling laws. [BBC News] Coal from Adani’s proposed $16bn Carmichael project will create annual emissions similar to those from… Keep reading →
The impending end to the four-decade long Crude Oil Export Ban took on another layer of inevitability last week when the proposal passed through the House’s Energy and Commerce subcommittee on energy and power. These significant victories for supporters of lifting the ban bring the vote closer to the House floor where it will presumably… Keep reading →
The collapse of oil prices in the latter half of 2014 has led to SEC scrutiny of exploration and production (E&P) company compliance with rules regarding the calculation and reporting of proved reserves.
Italian energy group Eni has claimed to have found one of the world’s largest natural gas fields off the Egyptian coast. [BBC News] A spike in oil prices helped energy shares reverse an early decline on Monday. [ABC/AP] An energy storage study claims that prices for battery technologies will plunge up to 60% over the next… Keep reading →
Mark the date on your calendars: Aug. 28, 2018. That’s when Saudi Arabia goes broke. Or at least that’s the date according to one model of the oil-rich nation’s reserves, crude production and the price of oil. If crude stays around $40, America’s Middle Eastern ally will run out of money on that date. Obviously,… Keep reading →
A huge move for oil could be on tap Monday afternoon, when an unusually high level of activity in September options contracts could set the stage for a vicious rally. Options on the September crude oil futures contract expire Monday at the 2:30 p.m. ET settlement. And those derivative contracts have been very popular, with… Keep reading →
Russia’s Gazprom has struggled to assert dominance on the global energy market, prompting speculation the energy giant could be on the brink of folding. [Yahoo] California has failed to deliver on the clean energy jobs promised following the passing of the Clean Energy Jobs Act in 2012, according to the latest figures. [The NY Times]… Keep reading →
