Colombia oil production slips below target
The oil production in Colombia is poised to drop below the target of one million barrels per day in 2016 following the slowing down of drilling activity and ageing of major oil fields.
Energy
US Solar Firms Urge Biden Admin to Apply Tariffs on Southeast Asian Imports
A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market.
SunPower Announces Mass Layoff as it Ceases Residential Installations
SunPower announced a mass layoff that would affect thousands of employees as it ceases residential installations...
California Sets Renewable Energy Record: Solar Power Surges, Exceeds 100% Grid Demand for 30 Days Straight
California achieves a historic feat, powering the grid with 100% renewable energy for 30 consecutive days, signaling progress towards ambitious clean energy goals...
Biden Administration Permits Over 25GW of Clean Energy on Public Lands, Surpassing 2025 Renewable Energy Goal
This milestone aligns with President Biden's goal to make the US power grid carbon pollution-free by 2035, a key initiative in combating climate change and securing energy resources...
Russia Destroys Ukraine's Largest Power Plant After Launching Widespread Attacks on Energy Grid
A devastating series of Russia's overnight strikes has left the Trypil...
Oklahoma Claims Natural Gas Firms Cut Supplies to Raise Prices During Winter Storm Uri: Lawsuit
Oklahoma sued two Texas natural gas companies for purposefully reducin...
Latest News
EIA cuts 2016 production forecast for US
The US Energy Information Administration (EIA) has lowered outlook for the US crude production in 2016. EIA has reduced the forecast for 2016 by one percent in the US oil production.
Toshiba intends to offload $7B US gas commitment
Amidst a major accounting scandal, Japanese electronics major Toshiba is in the process of offloading its $7.4 billion (GBP4.87billion) commitment on US liquefied natural gas (LNG) imports.
Oil prices skid on profit booking, supply risk holds losses
Oil prices dropped on low volumes as investors preferred to book profit to take advantage of overnight rally. The oil price is hovering above $50 a barrel on disruption in production in Brazil and Lib
Drilling activity in Canada set to slow down
The oil drilling activity in Canada is taking a hit as crude oil price is still hovering at $50 a barrel. The current situation is forcing Canadian oil companies to lower drilling activity in 2016.
Oil prices under pressure amid weaker demand outlook
Crude oil prices continued to trade in low range amid sagging demand and its bleak outlook for remaining part of 2015. Speculators are withdrawing from their previous bets on rising prices. The front-
Unsuccessful Oil Exploration leds BP and Shell Billions of Profits Loss
It's yet not over for oil prices to go plunging as BP and Shell will report this week that billions of pounds were shelled off their profits as the aftermath of low oil price associated with explorati
AltaGas LNG export plans on hold over import tax dispute
AltaGas Ltd has put its investment plan of C$600 million ($464mn) on hold over an ongoing dispute over the tax on imported equipment. AltaGas has drawn a plan to export Liquefied Natural gas (LNG), bu
Optimistic OPEC secretary-general expects balanced oil market in 2016
By the end of this year and next year, the global oil market will be in a fair and sensible condition. This is according to the expectation of the Organization of the Petroleum Exporting Countries se
Where do Americans spend their savings on gas?
It seems like that the whole America is enjoying their savings on gas and takes advantage of the situation while it still favors them. According to the analysis by JPMorgan Chase Institute, about 25 m
