PORTLAND, Ore. (Reuters) - An icebreaking vessel key to Royal Dutch Shell's plans to drill for oil in the Arctic departed Portland, Oregon, late on Thursday, navigating between a narrow gap of environmental activists dangling from a bridge after a two-day human blockade.
In late June, Maria, a twenty-five-year-old mother from Honduras, sat on a wooden bench inside a trailer at the South Texas Family Residential Center, in the small oil town of Dilley. She held a colorful paperback Bible, the same one that she had travelled with atop trains and in trucks through Guatemala and Mexico. Show More Summary
China's crashing stock market and the meltdown in the metals market may be getting all the attention lately, but crude oil is quietly crumbling once again. Oil has plunged nearly 20% this month alone and it briefly dipped below $47 a barrel on Tuesday. That leaves it flirting with the...
One of the few catalyst that had helped maintain a consistent bid under energy names in the first half of 2015, despite the dramatic drop in the price of oil in late 2014 and then again in the last several weeks, was persistent fears...Show More Summary
It was late evening. The skies were dark and dogs were howling. Into the Nyaru Menteng Orangutan Rescue Center on the island of Borneo rushed a rescue worker cradling a tiny bundle in his arms. He handed over the precious package to the manager on duty. Show More Summary
Back in late November, Saudi Arabia-led OPEC unexpectedly decided to not cut its pace of oil production despite crashing prices. The strategy here was to keep their market share rather than lose it to the US, which has been increasing...Show More Summary
RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday that it paid 1.6 billion reais ($508 million) to settle part of a tax dispute with Brazilian authorities and will take the charge against earnings in second-quarter results. Show More Summary
BP has agreed to pay up to $18.7 billion as part of a settlement reached late last week over the deadly 2010 Deepwater Horizon oil spill. The agreement includes the US federal government, the states of Alabama, Florida, Louisiana, Mississippi and Texas and also includes settlement of claims made by more than 400 local government […]
Anti-oil activists have been making a stink about rail safety of late, blustering about “bomb trains” and other hyperboles. And while the safe transport of oil is certainly a worthy topic of discussion, one gets the idea that these train derailments are less about public safety than about hamstringing oil. With the anti-oil activists successfully...
In a further expansion of Morocco's domestic energy efforts, Ireland's Circle Oil announced late last week that gas had begun flowing from its first shale well.
In the late 13th century, the explorer Marco Polo travelled to the region that comprises modern-day Azerbaijan and reported seeing gushing oil geysers, some of which ignited and lit up the night sky. These days, the sky above the capital...Show More Summary
Picture credit: Twitter How opponents of Scottish independence may have struck metaphorical oil in the last week. The top table (table 5) is taken from the Scottish Government’s white paper on independence published in late 2013, whilst the bottom table (table 1) is from the Scottish Government’s Oil & Gas bulletin published last week. As […]
SEATTLE (Reuters) - Royal Dutch Shell could begin drilling for oil in the Arctic off Alaska as early as the third week in July, when it expects sea ice to begin clearing, a spokesman said on Monday.
SEATTLE (Reuters) - Royal Dutch Shell said on Monday it could begin its 2015 Arctic oil exploration drilling operations as early as the third week in July when its forecasters believe that sea ice over its prospects will begin to cl...
The discovery of oil in Chad in 1969 did not yield many immediate benefits for a population that would soon be wracked by civil war, but hopes were high by the late 1990s. Chad had largely stabilized, and a new, World Bank-backed project to build a pipeline through Cameroon to the Atlantic Ocean coast was touted […]
President of Russian oil giant LUKoil Vagit Alekperov said that more than 80 percent of oil on the territory of Russia is extracted from oil fields that are on the late stages of development and operation.
This piece originally appeared in Zócalo Public Square. To a historian of pipelines, last month’s Santa Barbara oil spill is a reminder that the more things change, the more they remain the same. Since their introduction in the late 19 th century, pipelines have leaked regularly and ruptured occasionally. Show More Summary
Submitted by Art Berman via ArtBerman.com, Lately, oil prices have gone up when they should have gone down. In the last week, OPEC decided not to cut production and the two major energy agencies reported that the world over-supply problem is getting worse. Show More Summary
A showdown between oil and gas companies, pro-drilling politicians, and a newly formed grassroots environmental group is brewing in South Carolina. In late January, the Obama administration proposed to sell oil and gas leases for federally controlled areas in the Atlantic Ocean. Show More Summary
International crude oil tanker owner Euronav has set the record straight on market speculation that it is planning a $1.2 billion tanker buying spree. In a statement late Thursday from the Antwerp-based company, Euronav said it will...Show More Summary