Royal Dutch Shell, Europe’s biggest oil company, beat analyst second-quarter earnings estimates while pushing ahead with a restructuring program that saw it write off about $1.9 billion in U.S. gas assets. More »
Total is counting on new projects to increase its oil production to 2.6 million barrels a day in 2015 and to about 3 million barrels two years later.
Business and Energy Minister Matthew Hancock said shale gas has the potential to increase the country’s energy supply but stressed national parks will be protected. More »
Among the companies hit were OAO Rosneft, Russia’s largest oil company, More »
The United States’ monopoly on pulling oil and gas out of ultra-dense rock formations is ending, as companies aim to replicate the success in other countries, energy analysts said Tuesday. More »
Global oil demand will rise at the fastest pace in five years in 2015 as China leads gains in emerging economies, the International Energy Agency said. More »
A clutch of countries is breaking ranks with the EU’s efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep More »
Wal-Mart took the No. 1 spot on Fortune’s Gobal 500 ranking of the world’s largest companies based on revenue, but the top of the list was sloshing with oil.
Just as I tweet my favorite articles so that I have a filing place for them (Twitter is awesome for so many reasons, don’t get me started…), I use my desktop to store all my favorite graphics. And it is way too cluttered. So in my quest to make it more minimal and zen, here […] More »
Surging costs for drilling and maintenance risk hampering Statoil ASA’s goal to boost the recovery rate at its Norwegian offshore oil fields to 60 percent, Chief Executive Officer Helge Lund said. More »
At Russia’s largest private-sector oil company, the Ukraine crisis is forcing a change of strategy. More »
Koch Supply & Trading will start buying and selling European electricity and expand its liquefied natural gas business to take advantage of a globalizing market for the fuel. More »