U.S. Oil Imports On the Rise Once More
While the shale boom provided a huge boost to U.S. crude oil production, the price drop over the last year has seen output fall and oil imports from Nigeria rise once again.
Shell Sets Its Sights on "Unexplored" Oil Basin in Nova Scotia
Shell has wasted no time in moving on from its failed Arctic drilling campaign as the oil major is now set to begin drilling in the Atlantic Ocean offshore Nova Scotia.
Is the Oil and Gas Fire Sale About to Start?
Ongoing volatility in the oil markets and increasing worries about credit redeterminations across the sector could soon spur a massive wave of asset acquisitions.
Trouble Ahead for the World's Next Shale Boom?
Argentina has long been touted as the likely successor to the U.S. shale boom. However, with elections upcoming in October, there may be significant changes for the oil and gas industry there soon.
Oil Majors Sacrifice Production to Protect Dividends
The current period of depression in the oil markets has left the oil majors with a tough decision: risk future output by cutting capex and not dividends, or risk losing major investors now.
There Are 800 Fossil Fuel Subsidies Around the World
A new report from the OECD details the costs of 800 fossil fuel subsidy programs within its member nations and how that impacts investors’ decision-making globally.
"Walking" Oil Rigs Can Make Drilling Faster, Cheaper, Safer
As oil and gas producers across the globe look to reduce costs, walking rigs may prove to be yet another innovation that helps keep shale companies alive for longer.
Is This the End of the U.S Shale Gas Revolution?
For many years, U.S shale gas production has been on the rise, but the ongoing oil price slump and the fact that gas is often a side product of oil drilling has put an end to the natural gas boom.
Low Oil Prices Throw North Sea Oil Into a State of Crisis
Despite the best efforts of the British government, the ongoing slump in oil prices is making the North Sea appear like a lost cause, especially given rising decommissioning costs.
BMW Going All-Electric
In light of ever-stricter emissions regulations, one of the world’s leading car manufacturers has announced a radical shift in production toward hybrids and EVs.
Decline in U.S. Oil Production Accelerates
The EIA has released its latest revisions of U.S. crude oil production for 2015 so far, and while they are down substantially, this is no reason for celebration in the markets
2020 Could Mark the Tipping Point for U.S. Solar
With costs declining and installations expanding, it is hard to see how solar will not be the technology of choice for the electric power sector in the U.S. over the long term.
Lack of Alternatives Sees EU Sign New Russian Gas Deals
Despite ongoing sanctions and political posturing by Europe, a series of new energy deals with Gazprom highlight the inherent limitations in a move away from Russia.
The Oil Bust Is Great for Business Here
Refiners the world over are working flat out to capitalize on the drop in low oil prices as margins reach unprecedented levels and demand for refined products soars.
EIA On Board With Lifting U.S. Crude Export Ban
The movement to lift the U.S. crude export ban has gained a valuable ally as the EIA has essentially come out in favor of the move, despite several caveats
Egypt Gas Discovery More Bad News for Russia
Eni’s massive discovery offshore Egypt could prove crucial to the nation’s future, but may also represent a threat to Russia’s energy ambitions.
Eni Announces Supergiant Gas Discovery Off Egyptian Coast
Eni has announced a game-changing gas discovery offshore Egypt, which could prove to be one of the largest ever not only in the Mediterranean, but in the entire world
Buffet’s Solar “Insurance” Coup In Nevada
NV Energy’s recent deal to patronize a large scale solar project in Nevada may indicate a change in the way utilities and solar operators interact across the United States.
Environmental Group Threatens Exxon With Appeal in New Jersey Case
At least one environmental organization is threatening to appeal a judge’s decision of a $225 million settlement instead of a sum of $8.9 billion in the New Jersey contamination case.
Southern Co. and AGL to Form 2nd Largest U.S Utility
Utilities giant Southern Co. intends to buy gas specialist AGL resources in a $12 billion valued deal.