Tue Jul 26, 2016
U.K. Serious Fraud Office Moves Against Unaoil: The Intermediary That Allegedly Bribed The Entire Oil Industry
The UK?s white-collar crime prosecutors have launched a fresh investigation into Unaoil's alleged corruption. This next step in the ongoing episode shows that the scandal is moving beyond mere press reporting over the dubious practices of the Monaco-based oil industry consultancy. Investigators are looking to shine a light over the suspect practice of the whole oil sector.
Thanks to its strategic location and plentiful reserves, the state of Alaska provides a unique opportunity to bolster national security through infrastructure creation and the development of the world’s largest conventional energy resources. Alaska and the rest of the United States have much to gain from energy exploration of those projects offshore from the North Slope.
Second-quarter profits at oil giant BP almost halve from a year earlier as the company suffers from lower oil prices and weak refining margins.
Mon Jul 25, 2016
Oil prices have fallen to a three-month low, hit by rising concerns that a global oversupply of both crude and natural gas will dampen prices.
Although Republicans are seen as pro-business, some in the oil industry argue they have prospered more under Democratic administrations. The reality is more nuanced.
Sun Jul 24, 2016
Towards the middle of the current trading year, a glut ridden oil market had started showing some signs of rebalancing. Decline in US oil production was being reflected in the data, much to the delight of the Organization of Petroleum Exporting Countries (OPEC).
Fri Jul 22, 2016
Thu Jul 21, 2016
Ground-breaking ceremony takes place to mark milestone for world's biggest industrial gas plant at Jazan
Hamm says giving speech at GOP convention ?felt like being ringmaster at a circus.?
It?s about time we instituted a true Clean Energy Standard that promotes all low-carbon energy rather than continuing with a Renewable Energy Standard. If you care about climate change, and don?t just have an ideological stand on a particular technology, then you know that we need all low-carbon sources as fast as possible to have any hope of reigning in the most adverse environmental effects of burning fossil fuels. New York?s Governor seems committed to do just that, directing the Department of Public Service to develop a Clean Energy Standard to meet the State?s policy goals of generating 50% of electricity from renewable resources by 2030, while maintaining existing nuclear power plants so that their carbon savings are maintained.
Wed Jul 20, 2016
Here in Texas, my company, Reliant, is among dozens of power providers that compete for customers. As a result, these businesses focus on innovating and anticipating, understanding and responding to consumers? power needs and desires. They must provide product and service options that fit different individual routines and preferences, plus energy and related services to empower a mobile device-driven world.
Aramco has also begun constructing the largest gas complex in Empty Quarter desert
Gulf's largest utility firm cited higher cost of fuel and depreciation of assets for the weaker performance as reasons for the drop
Fracking Tycoon Harold Hamm is scheduled to speak at the Republican National Convention tonight on "making America first again," but in Washington D.C. yesterday one of his top competitors had unusually nice things to say about Democrats and carbon taxes.