The value of natural gas pipelines is so high right now that even Southern Co., a company that’s spent billions to increase its stake in the business, couldn’t resist selling off two small systems to make more than $1 billion.
Oil declined following a report that Kurdish forces agreed to withdraw from areas the Iraqi army is reclaiming, easing tension in the crude-rich region.
Labour have threatened to vote against nuclear industry contingency measures post-Brexit, claiming they give ministers a blank cheque to make "controversial policy decisions".
The Australian government on Tuesday rejected a plan to generate 42% of the country's power from wind and solar energy, in a setback for compliance with climate change commitments.
The US onshore market is set for a period of strong growth with spending totalling $554billion expected through 2022, according to a new report from an energy consultancy.
A group of oil companies have postponed exploration plans for offshore Myanmar until next year in the wake of underwhelming drilling results, a news report said.
Norway’s offshore safety watchdog has given Statoil permission to drill an exploration well in the North Sea. Drilling of the Tune Statfjord prospect on production licence 190 is expected to start in November and last about 100 days. Deepsea Atlantic semi-submersible rig, operated by Odfjell Drilling, will be used on the drilling campaign.
Ensco said today that it had agreed an extension on a credit facility to support the company once it takes over rival drilling contractor Atwood Oceanics.
The oil market is battling with a paradox: what happens when the unstoppable force of OPEC production cuts and soaring global demand meets the immovable object that’s U.S. shale?
Oil is heading for a monthly gain on forecasts for rising demand and as Turkey threatened to halt Kurdish exports through its territory after the region voted for independence from Iraq.
Independent Oil and Gas (IOG) said today talks with creditors over debts built up on a drilling campaign east of Shetland were “progressing” ahead of the payback deadline.