Energy
Argentina's Economy Minister Issues Warning Over Fuel Shortages: Export Restrictions Loom
Sergio Massa, Argentina's Economy Minister and presidential candidate, has warned oil producers of impending export restrictions unless they address fuel shortages.
Saudi Aramco Plans Higher Dividends and Investments to Propel Saudi Arabia Economy
Despite a 24.7% profit drop, Saudi Aramco reported increased dividends in 2023 and billions of investments to keep Saudi Arabia's economy afloat...
Oil Prices Surge 2% as Fed Hints at Interest Rate Cuts
Oil prices surged 2% post-Fed Chair Powell's hints at rate cuts. WTI crude reached $79.73/barrel, reflecting monetary policy's impact on commodity markets...
Russia and China Are Planning to Build a Nuclear Power Plant on the Moon
Russia and China are planning to build a nuclear power plant on the moon by 2035...
Latest News
Department of Energy's ARPA-E Program Announced a Total of $1.3 Billion in Grants in Five Years
During five years, the Department of Energy’s ARPA-E program has invested in hundreds of projects for a total of $1.3 billion. The agency is still pushing forward to improve its funding system to help
D.C. Regulators Dump Exelon-Pepco $6.8 Billion Deal
It's been almost a year since Exelon and Pepco announced their possible merger. Both companies are now facing difficulties as they need to comply with new conditions the district imposed. They have t
Hedge fund investor Paul Singer wins 13-year battle with Argentina
The legal battle running for 13 years between hedge fund investor Paul Singer and Argentina is over as both the parties have reached to an agreement. Singer's Elliott Management will get $4.65 billion
Canada Among The Weakest Performers In The Clean Energy Sector In 2015
Global investment in the clean energy sector has been increasing year by year. However, Canada’s clean energy investment has been plunged by 46% in 2015 compared to the previous year. Canadian governm
China to lay off 6 million state workers
China has decided to layoff millions of workers from 'zombie enterprises' in the next two to three years. For relocating retrenched workers, the government will spend Yuan 100 billion ($15.27 billion)
Marathon Oil plans to sell shares through public offering
Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting s
Exxon may face downgrading by Moody's amid bleak oil prices
Exxon Mobil Corp may lose credit rating from Moody's Investors Service. Moody's on Thursday lowered its outlook for Exxon from stable to negative. Exxon is suffering from cash flows in the wake of con
Premier Oil's Loss Deepens in 2015 as Global Oil Industry Falls
Premier Oil posted a widened loss in the year 2015 amid lower oil price. The firm also urged the government to promote infrastructure policies in the North Sea to lure investment.
Chesapeake Energy posts Q4 loss on heavy write-down
Oklahoma-based Chesapeake Energy has posted losses over $14 billion for 2015 and a net loss of $2.23 billion or $3.36 a share for the fourth quarter. The major reason for deep loss was writing down va
Swiss Drilling Company Transocean Posts Profit Despite Poor Oil Price
Transocean's fourth quarter earnings exceeded the analysts' earnings estimate amid the ongoing fall in the oil market. The company managed to post a quarterly profit of $617 million by reducing its op