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Energy

Chevron To Cut Up To 7,000 Jobs Due To Slump In Oil Prices

Chevron to export first gas from Australian project

Chevron said that its subsidiaries in Australia have entered into a non-binding Heads of Agreement with ENN LNG Trading Co. Ltd to sell liquefied natural gas to China. The delivery of LNG will be commenced in the first six-month of 2019, according to the company.

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Views Of Tankers & Refineries As Oil Trades Near 12-Year Low

Gas Station in Michigan Sold Gas as Low as 47 Cents on Sunday

The last time gas price in Michigan was at 47 cents was in 1973. As gas price continues its plunge, gas station in Michigan sold oil as low as that of 43 years ago on Sunday.

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Suncor Energy Inc. Chief Executive Officer Steve Williams Interview

Canadian Stocks Fell As Oil Price Hit $28

Canadian stocks market dropped as continuing plunge of oil price brings down the energy companies stocks. Meanwhile, two Calgary-based oil companies are merged under Suncor Energy Inc.

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Saudi Arabia Oil Minister Ali al-Nuaimi Press Conference

Ali al-Naimi hopeful on stability of oil market

Saudi Arabia oil minister Ali al-Naimi said that stability in the oil market will be attained only through the cooperation amid major manufacturers and this would take time. Ali al-Naimi added that although the worldwide oil market has been experiencing an instability for over 12 months, he is hopeful regarding the return and future of the oil market.

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JAPAN-AVIATION-ENERGY-BIO-ANA-EUGLENA

ANA and Japan Airline Eliminate Fuel Surcharge and Search for Alternative Fuel

As oil price continues to plunge, two Japan airlines:Air Nippon Airways (ANA) and Japan Airlines (JAL) decided to eliminate fuel surcharge. This will trim the airline tickets price substantially. Both airlines are also actively searching for alternative fuel.

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US-ECONOMY-GAS

Michigan First US State To Welcome Gas Price At $0.77, Gas Tax Hike Likely

Michigan appears to be the first US state to enjoy gas at $0.77 a gallon. The states closer to the refineries or containing those, enjoy gas at a relatively cheaper price. In the blink of further oil price fall, the US states, who are badly hit due to falling oil price, are considering to increase gas tax. These states aim to continue development works in communication sector, which they are unable to allocate with the problem riddled economies.

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OPEC Ministers Attend Conference In Iran

India to resume oil import as Tehran emerge from sanctions

With the lifting of international sanctions from Tehran, India would be able to recommence its unobstructed oil import from the Persian Gulf country. Iran is anticipated to boost its oil export of 1.1 million barrels per day by 500,000, according to the Indian Oil Cooperation.

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Saint Petersburg International Economic Forum 2015

Russian oil titans Rosneft OJSC, Lukoil PJSC differ in bond market despite low oil prices

Russia’s Rosneft OJSC is suffering more due to the below $30 crude oil prices than its privately owned counterpart Lukoil PJSC, which seems to be showing more resilience.

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Oil Boom Shifts The Landscape Of Rural North Dakota

North Dakota oil riggers lower drilling activity as oil further slid

The lower oil prices are forcing rig operators to reduce their activity in North Dakota. The number oil rigs operational fell to 49 indicating the lowest since August 2009. The number of oil rigs is expected to further drop to 30 this year. There're concerns over possible bankruptcies following the decline in oil drilling North Dakota.

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Kyocera Corp. Founder Kazuo Inamori Interview

Itochu Partners with Kyudenko to Build 21 MW Solar Power Station in Japan’s Saga Prefecture

21MW Solar Power Station will be built in Saga Prefecture by two leading Japanese company. Solar power becoming an important national project since the country’s shift in policies after Fukushima in 2011 to solar energy

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Boom Goes Bust: Texas Oil Industry Hurt By Plunging Oil Prices

YPF, American Energy Partners sign deals on shale gas

American Energy Partners and Argentina state-run energy company YPF have signed a partnership deal on developing the shale resources in the South American country. Argentina government is providing subsidies to attract investments in the energy sector and to enhance business climate in the country.

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Texas Oil Companies Work To Adapt To Falling Oil Prices

Brent Crude plunges below $30, Lowest Since 2004

Brent oil prices fell on Wednesday, dropping below $30 a barrel to touch $29.96 for the first time since April 2, 2004.

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Rio Hosts Annual Oil And Gas Conference

BP Plc to trim jobs in crude-oil production unit: Reports

UK-based Oil giant BP Plc plans to trim 4,000 jobs in its crude-oil production unit as crude oil price slump.

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Inside The 2016 Consumer Electronics Show

Nevada Governor to Face Impact Over Release of New Fee Solar Homes

Nevada governor Brian Sandoval get pressured after a group of 18 venture capital investors reverse new fees on solar homes that state utility regulator made effective on Jan 1. The regulation will give direct impact to development of solar energy and threaten future investment, the investor, and also the job cuts in the state.

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China Seeks Foreign Oil Supplies As Demand Surges

China Soon To Be The World's Greatest Crude Importer This Year, Enhancing More Investment In The Energy Industry

China is predicted to be the world's largest crude importer, replacing the U.S. This is also as a result the new policy made by the government in allowing smaller refineries import and process their own crude.

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