Sun, 23 Oct 2016 03:38:00 -0400Saudi government officials are sounding the alarm over the kingdom's financial woes, with the Saudi deputy economy minister saying on prime time television that if Saudi Arabia didn't take any reform measures, and if the global economy stays the same, "then we're doomed for bankruptcy in three to four years."
Fri, 21 Oct 2016 19:46:00 -0400China's oil imports are increasing, while the country's oil production has fallen. These two developments will create more geopolitical problems for Beijing energy planners, including over reliance on foreign oil from some of the word's most troubled hot spots, including South Sudan, Nigeria, Iran, Iraq, Saudi Arabia, Angola, Russia, Venezuela and others.
Fri, 21 Oct 2016 16:56:00 -0400Like it or not, looks like the oil price is heading towards $60 per barrel, driven on by OPEC with more than tacit support from Russia. If soundbites received at the conclusion of the International Energy Forum in Algiers on 28 September are to be believed, the cartel is on [...]
Fri, 21 Oct 2016 13:08:00 -0400Researchers have announced the production of ethanol from carbon dioxide. Here is what that really means.
Fri, 21 Oct 2016 12:19:00 -0400Growth expectations of 12% for next year may be unrealistically high given that 40% of the oilfield services company's sales come from still-soft offshore activity, analysts say.
Fri, 21 Oct 2016 09:02:00 -0400The context provided by the concept of boundaries and thresholds enables companies to see where they are going, how far they have left to go and what they need to do to reach their destination of a more sustainable future. And it helps their stakeholders to see this as well and to have trust in the company’s strategy.
Fri, 21 Oct 2016 05:31:00 -0400Elon Musk's bold move to equip Tesla vehicles with current-generation sensors comes amid rapid advances in optical technology.
Thu, 20 Oct 2016 13:16:00 -0400Russians 'stole' over $2.5 billion of their assets. Naftogaz wants them back.
Thu, 20 Oct 2016 11:28:00 -0400The oil and gas infrastructure giant wouldn't give any indication of timing for a dividend boost but analysts expect one by 2018.
Thu, 20 Oct 2016 10:07:00 -0400While most of the country is now talking about Donald Trump being a sore loser, there's alternatively plenty to discuss about Hillary Clinton’s 'open borders' remark made to Brazilian bankers that came to light in last night's presidential debate.
Thu, 20 Oct 2016 09:57:00 -0400A litigation funding company that launched in the U.S. only six months ago has been identified as the third-party funder in a proposed class action brought against Chevron Corp. over a gas explosion off the coast of Nigeria. According to a copy of the litigation funding agreement, found buried among other [...]
Thu, 20 Oct 2016 08:52:00 -0400Two conferences in early October couldn't have been more different: one was energy storage; the other about the future of the Arctic Circle. Yet, they are related as we all become Arctic nations.
Thu, 20 Oct 2016 08:34:00 -0400NuScale remains on track to submit a high quality design certification application to the Nuclear Regulatory Commission by the end of 2016. That statement might surprise people who follow small modular reactor developments closely enough to be aware that the company received a status report earlier this week from the [...]
Wed, 19 Oct 2016 21:59:00 -0400The company is moving to give its vehicles a lead in driverless car technology, but isn't saying exactly when that will happen.
Wed, 19 Oct 2016 21:49:00 -0400With mounting financial woes and record high budget deficits of $98 billion last year and an estimated $87 billion this year along with anemic global oil markets and low oil prices, Saudi Arabia on Wednesday offered $17.5 billion in international bond sales, the largest on record for an emerging market.
Wed, 19 Oct 2016 16:53:00 -0400FILE - This June 2, 2011 photo shows the Tennessee Valley Authority's Bellefonte Nuclear Plant site in Hollywood, Ala. On Thursday, May 5, 2016, the Tennessee Valley Authority board voted to sell the never-completed nuclear plant that has cost more than $4 billion dollars over the last four decades. (AP [...]
Wed, 19 Oct 2016 14:58:00 -0400Saudi Arabia's oil minister is arguing that unless production cuts raise the price of oil enough soon to make investment in new wells sustainable, a supply shortfall is in the offing. But Tillerson and a bevy of other U.S. oil execs say the Saudis don't understand how U.S. shale resources have changed the equation.
Wed, 19 Oct 2016 14:56:00 -0400In case you haven’t heard yet, a leaked tape recording revealed what many folks like myself have long since suspected. The utility industry was behind a political campaign to deceive voters in the state of Florida into supporting an anti-solar constitutional amendment. "We now have clear evidence that utilities are using an [...]
Wed, 19 Oct 2016 11:38:00 -0400The dream of transmitting electricity without wires has been around as long as the power industry itself. And so have the problems, admits Hatem Zeine, CTO and founder of Ossia. Wireless power systems are typically omnidirectional, he notes, so power gets sent where there is nothing to charge. The signal dissipates [...]
Wed, 19 Oct 2016 11:13:00 -0400A sizable tax benefit padded the bottom line and higher usage of the company's equipment and aggressive cost management also boosted the company's earnings, an analyst says.
Wed, 19 Oct 2016 11:02:00 -0400The energy sector continues to crawl out of its bear market, but these companies shot to the top of the list in Q3.
Wed, 19 Oct 2016 09:15:00 -0400if a new report is accurate, the never-announced Apple car is now all but dead. A pivot toward providing a software platform for other automakers is unlikely to be a successful strategy.
Wed, 19 Oct 2016 07:00:00 -0400The key question for the oil market at present is whose system can withstand more prolonged oil price pain, Saudi Arabia or Russia? Structural factors increasingly suggest that it’s Russia that enjoys higher pain tolerance. Riyadh will have to make the first move, on its own.
Wed, 19 Oct 2016 06:00:00 -0400The 42nd World Cocktail Championships, which kicked off in Tokyo this week, is an unusual event to discuss a nuclear disaster. But that is exactly what Yoshikazu Suda, a bartender in Tokyo’s Ginza district who hails from Fukushima, is doing. During the contest at Tokyo’s Imperial Hotel, several varieties of fruit will be used, but only Fukushima-grown apples will be used in the fruit-cutting event. Contrary to fears, Fukushima-grown food has no detectable radiation from the accident.
Tue, 18 Oct 2016 22:43:00 -0400Beijing and Manila are negotiating a landmark oil and gas exploration deal for South China Sea resources, according to a prominent Manila-based newspaper, although it would only cover uncontested areas of the disputed sea. The move would be another marker of a shift by Manila from longtime ally the U.S. to China.
Tue, 18 Oct 2016 13:20:00 -0400Permian mania continues in the oil and gas sector, with SM Energy Co. (NYSE:SM) agreeing to pick up properties in the basin from EnCap Investments LP-backed QStar LLC for $1.6 billion. The deal - which includes$1.1 billion in cash and 13.4 million shares of stock - involves35,700 net acres in Howard [...]
Tue, 18 Oct 2016 12:21:00 -0400Panasonic’s agreement to become a partner in SolarCity’s solar module manufacturing center in Buffalo brings financial help and manufacturing expertise to the company. But more importantly, it gives something SolarCity desperately needed: a second customer. One of the biggest challenges SolarCity (soon to possibly be part of Tesla) facesis its ‘vertical market’ [...]
Tue, 18 Oct 2016 06:00:00 -0400In this Nov. 6, 2011, file photo, maintenance workers inspect the damage to one of the spires on Benedictine Hall at St. Gregory's University following a magnitude-5.0 earthquake in Shawnee, OK. Lawyers blaming the spike in seismic activity in the state on the fracking industry have dropped a class action [...]
Mon, 17 Oct 2016 16:52:00 -0400In a joint release, Apache and the University of Texas at Arlington (UTA) announced that they will partner "to conduct a baseline water quality study of groundwater and surface water" in the area. The study, funded in part by a grant by Apache, will be conducted by UTA chemists through the university's Collaborative Laboratory for Environmental Analysis and Remediation (CLEAR), which has previously produced several other studies of water quality around oilfield and agricultural operations in Texas.
Mon, 17 Oct 2016 14:51:00 -0400Growth of renewables as a fraction of the overall energy supply has been slow, although recent growth of wind and solar is impressive. The rapid growth of renewables in both the United States and Europe has been due in large part to subsidies that make investment in renewables highly profitable. As installed capacity has increased, both state and national governments have tended to cut subsidies, resulting in substantial decreases in renewable investments.