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Halliburton to Buy Baker Hughes for $34.6 Billion

Halliburton Acquisition of Baker Hughes Faces a Legal Obstacle

United States Justice Department has prepared a lawsuit to block acquisition of Baker Hughes. Halliburton took over the company in November 2014.

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Russian Oil Drilling Platform As Specter Of $20 Oil Recedes

Russian Output Reached 30-Year High Ahead of Meeting with Oil Producing Countries

Russia produced 10.91 million barrels per day in March. This recorded as the highest in 30 years and raising the doubt on the production freeze.

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Bronze Equestrian statue of George Washington in the Public..

Meketa Investment Group enhances staff ownership team

Meketa Investment Group has increased its employee ownership team. It has included seven new shareholders into employee ownership team. Meketa is optimistic on adding new expertise and talent that supports its business expansion plan across different geographies.

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Nellis Air Force Base Commemorates Opening Of Solar Array

BayWa teams with Spruce Finance to offer solar loans for US customers

BayWa has partnered with Spruce Finance to provide finance products for its solar distribution clients in the US. With regard to this partnership, dealers across the US will have access to loan products from Spruce Finance.

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Bergermeer Gas Storage Site As Abu Dhabi National Energy Co. Begins Preliminary Commercial Operations

Abu Dhabi's TAQA Slashes Capitex As Oil-Decline Limits Revenue

Abu Dhabi's TAQA is cutting its capital expenditures by reducing its workforce around the globe and sells it assets to recover from its losses.

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BRICS/SCO Summits - Russia 2015

Russia's oil giant Rosneft promises to make investments amid weak oil prices

Rosneft, the Russia-based oil firm, has promised to make investments of roughly EUR 13 billion annually through 2018, which is an increase of 30% for the year 2016.

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Tesla Motors Inc. Chief Executive Officer Elon Musk Speaks At StartmeupHK Venture Forum

Elon Musk Learned Hard Lesson in Energy Storage

Tesla launched Powerwall last year as a residential backup power supply. However, as the market is not enthusiastic, the company quietly remove one of its product.

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Ineos Plans to Relocate HQ to England this 2016

After moving its headquarter for six years in Swiss, the petrochemical giant sets to return home. Founder and CEO Jim Ratcliffe planned to relocate its headquarter back to England.

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Protesters Take To Kayaks To Demonstrate Against Shell's Plans To Drill In Arctic

Shell reportedly plans to dispose of its North Sea assets

Royal Dutch Shell is reportedly seeking buyers for its North Sea assets following the merger with BG. The oil company intends to raise $30 billion from the sale of its global assets in order to balance the BG merger expenses.

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Moon Rises Over Whitelee Wind Farm

Developing markets show growth in renewable energy investments

Investments in renewable energy soared high with China and India leading the emerging markets in their commitments in the wind and other related renewable sources. India, China and Brazil outstripped developed nations in 2015 renewable investments.

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Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Toscana names Anand Ramnath as chief financial officer

Toscana Energy said that Anand Ramnath has been named as chief financial officer with effect from March 18, 2016. Ramnath, with more than 19 years of experience in financing and accounting, has been the acting chief financial officer of Toscana from July 31, 2015.

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U.S. Stocks Fluctuate As Commodity Shares Surge, Tech Declines

Some US energy chiefs make more cash amid oil turmoil

Contrary to a notion that oil rout is impacting everyone in the industry, there are few bosses at energy companies making more money based on their performance. Few top managers are excelling in meeting targets and getting hefty paychecks.

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Ineos Started Shipping US Shale Gas to Europe

Shale gas from U.S. has begun shipment to Europe. The world-largest LNG carrier Ineos Intrepid has bound for Norway carrying 27,500 m3 of liquified ethane gas.

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Saudi Arabia to takeover largest US refinery

Saudi Arabia's state-owned oil major Aramco will takeover Port Arthur Texas refinery in the US. Saudi Arabia will refine its oil shipped from Middle East at Port Arthur refinery and also sell it in the huge North American market.

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A large dump truck dwarfs a nearby vehicle

Financiers Back Away From Coal Ventures, See No Clear Future

U.S. coal industry is facing tough times as one by one files Chapter 11. Due to high debts, decline in demand and stricter regulations, most have no other choice but to shut down. Lately, Peabody Energy announced that it may go bankrupt.

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