Newly elected President Ferdinand Marcos Jr reiterated his support for more renewable energy, as well as nuclear power, and natural gas, in the Philippines, one of Southeast Asia’s fastest growing economies. The news comes as plans to import maiden liquefied natural gas (LNG) cargoes into the country have stuttered due to surging global prices.
US President Donald Trump's administration has drawn heavily from the energy industry lobby to build its team for the Environmental Protection Agency (EPA).
Donald Trump will claim a place in US history when he takes the oath to become the 45th president of the United States on Friday.
The chairman of the US Senate Foreign Relations Committee has said he expects Rex Tillerson to win strong support in the Senate during his confirmation process.
Donald Trump’s shock win in the US election may have a significant impact on the global oil and gas industry, a new report says.
The Mozambique government has sacked its energy minister.
Legal experts have claimed Republican Presidential candidate Donald Trump’s suggestion the US should have taken oil out of Iraq following the 2003 invasion would have been a violation of the fourth Geneva convention.
Militant group the Niger Delta Avengers (NDA) has vowed to start attacking personnel as it continues its fight for oil assets in the West African country.
Acting president Michel Temer has pledged to jump-start Brazil’s economy after the country’s senate voted to suspend Dilma Rousseff.
Argentina’s president Cristina Fernandez praised her government’s achievements in her first public comments since her party’s lacklustre election performance. She urged voters Argentines to defend them in the presidential run-off election next month. Ms Fernandez used a late night speech to remind Argentines of steps taken by her left-of-centre administration. This included the nationalisation of Aerolineas Argentinas and the YPF oil company, social welfare programmes for the poor and free education in public universities.
As Russian military planes pound Syria, the ruble, stocks and bonds are projecting an uncommon level of giddiness on the part of traders. A week after Vladimir Putin embarked on air strikes on Islamic State, the attacks are infuriating Turkey, NATO calls them a “troubling escalation” and the U.K. says the Kremlin is making the situation in the region “much more dangerous.” Even so, the ruble is enjoying its best start to an October on record, and the RTS stock index is having its strongest showing in a decade. The reason? Oil. The correlation between Russia’s currency and the price of its main export is at an all-time high. Add to that the surge in appetite for emerging-market assets as traders push back the timing of an interest-rate increase by the Federal Reserve. Some investors are unfazed by Russia’s maneuvering in Syria or sanctions over its role in Ukraine.
Nigeria’s President Muhammadu Buhari said he will hold the country’s oil portfolio in his new cabinet, rather than trust anyone else with the source of most of its revenue. Buhari, who took office earlier this year, has promised to combat corruption and made clear he wants to overhaul the oil sector in Africa’s biggest economy. At an annual meeting of world leaders at the United Nations General Assembly in New York this week Buhari said he intended to remain as the minister of petroleum resources.
The Republican presidential candidate Jeb Bush has called for an end to the ban on US oil exports as well as an ease on restrictions on natural gas exports. The former Florida governor is calling for an end to 1970s-era law prohibiting the US from exporting crude oil. It comes at a time when domestic petroleum production has grown rapidly over the past 10 years.
The head of Libya’s internationally recognized government resigned, just hours after the United Nations opened peace talks meant to end the civil war in the holder of Africa’s largest oil reserves. Abdullah al-Thinni, who heads the government in eastern Libya, said on a television program Tuesday that he will quit all his official posts. An official resignation will be submitted to parliament on Sunday.
Jeb Bush, the former governor of Florida and republican candidate for the US presidency, has told a group of voters he would favour ending government subsidies for all forms of energy. Bush said this would include oil and gas if he makes it to the White House next year. This video, which was posted online by environmental group 350 Action, shows the brother of former President George W. Bush saying that if he was elected, he would "phase out, through tax reform, the tax credits for wind, for solar, for the oil and gas sector, for all that stuff".
The Mexican President has paid tribute to those killed by a fire on a platform in the Gulf of Mexico. President Enrique Peña Nieto spoke just hours after the fire which has left four workers dead and dozens of people injured. Around 300 workers had to be evacuated from the Pemex operated Abkatun Alpha platform in the Bay of Campeche earlier today.