American sanctions against Russia’s energy industry aim to limit the latter’s ability to develop shale reserves, which inadvertently makes them less effective political tools, according to the results of a…
India’s state-owned Bharat Petroleum (BPCL) has made its first purchase of West Texas Intermediate (WTI) crude oil via a tender, according to a new report by Reuters. The shipment of…
Southern Co. would benefit financially from completing delayed nuclear reactor projects instead of abandoning the $7.4 billion plans, according to a new report by Bloomberg. CEO Tom Fanning said cancelling…
The bankruptcy of a small Canadian oil and gas company in 2015 and the following creditor claims have created a legal dispute over who should pay for abandoned wells and…
In a sign that the U.S. shale patch is boosting output that has been keeping a lid on oil prices, four U.S. shale companies reported second-quarter production that beat targets…
The UK Institute of Directors has criticized the Financial Conduct Authority’s proposal to amend listing rules that would accommodate Saudi Arabia’s oil giant Aramco, which is planning to list 5…
“Okay, you think we’re the bad guys, we’re going to be bad guys and we’ll see whether you like it or not” Konstatin Eggert, a political commentator, told The Washington…
On July 31, SCANA Corp., a South Carolina utility and its construction partner, Santee Cooper, the state power authority, announced separately, their decisions to cancel the twin unit V.C. Summer…
Suncor’s announcement that its Syncrude oil sands processing facility will return to normal operation this week pressured the prices of Western Canadian Select and Bakken grades, Platts reports. (Click to…
Big international oil companies are currently generating more cash at around-US$50 oil price than they did when the price of oil exceeded US$100 in early 2014, Goldman Sachs reckons. “Simplification,…