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Energy

US oil production growth at record 100-yr high in 2014 - EIA
US crude production increased to 1.2 million barrels per day (mbpd) to 8.7 mbpd in 2014, the largest volume rise since 1900, the date the US Energy Information Administration started keeping records.

31.03.2015 07:15

Most Americans still back nuclear power, see future in solar – poll
Americans are increasingly looking to solar and wind energy for the future, but most of them still support nuclear energy, a new Gallup poll shows. Overall support for oil and natural gas exploration has dropped, due to divided opinions on fracking.

30.03.2015 17:41

Shell plans to axe 250 North Sea jobs to stay ‘competitive’
Oil giant Royal Dutch Shell will cut at least 250 jobs this year and increase workers’ hours at its North Sea operations following a drastic drop in the price of oil.

26.03.2015 14:34

​Saudi Arabia eyes boosting oil supplies to China
Saudi Arabia’s state-owned oil company, Saudi Aramco, aims to increase supplies to China. It sees big opportunities in Beijing's efforts to restructure the country's economic growth model and believes supplies could double at some point.

25.03.2015 13:43

Fracking moratorium, strict liability standards bills pass in Maryland
Both chambers of the Maryland legislature passed bills that would rein in hydraulic fracturing in the state. The House of Delegates passed a three-year moratorium on fracking, while the Senate approved strict liability standards for oil and gas drillers.

25.03.2015 15:54

Russia to build Jordan’s first $10bn nuclear power plant
Russia has signed a $10 billion agreement with Jordan for the construction of the country’s first nuclear power plant. Jordan currently lacks local energy sources and struggles to meet its growing electricity demand.

25.03.2015 08:52

​China to shut down last Beijing coal power plant in 2016
The Chinese authorities plan to shut the last coal-fired power plant in Beijing and replace it with gas-fired plants in 2016 in order to reduce the critical levels of pollution in the city.

24.03.2015 12:03

Ukraine threatens to stop importing Russian gas from April 1
Kiev said it will stop importing Russian gas from next Wednesday if Gazprom doesn’t offer it a better price, according to the country’s Energy Minister Vladimir Demchishin. Halting supplies through Ukraine could put Europe’s energy security in limbo.

23.03.2015 15:58

‘Ruble unstable for artificial reasons’
The US has created a belief that money would leave Russia, but money doesn’t flow out of countries that have extremely low debt and strong export earnings, Paul Craig Roberts, former US Assistant Secretary of the Treasury, told RT.

23.03.2015 11:01

​Total to raise $15 billion in China for Russian projects
French oil and gas producer Total is looking for $15 billion in investment from China to pay for expansion in Russia, the company’s CEO Patrick Pouyanne said. This could be the largest private corporate deal involving Chinese banks.

23.03.2015 11:09

Ukrainian oligarch helps ‘fortify’ state oil & gas company HQ in Kiev ‘against raiders’
The governor of Ukraine’s Dnepropetrovsk region, Igor Kolomoysky, claims he has helped secure the Kiev HQ of the national oil and gas extracting company “from raiders”. It comes days after he tried to regain control of an oil transportation company.

22.03.2015 20:03

Gazprom to supply Egypt with LNG over 5 years
Russia’s Gazprom Global LNG has signed a deal with Egyptian Natural Gas Holding Company (EGAS) to supply 35 shipments of liquefied natural gas (LNG) by 2020, according to the company and Egypt’s Ministry of Petroleum.

18.03.2015 07:31