Tag: energy industry

June 23, 2023

The Kingdom of Saudi Arabia will welcome the first Shell service stations in the country. The mobility company has signed a trademark licensing agreement with ASYAD Group to enter the fuel retail market. The announcement is part of the Saudi […]

November 30, 2022

Speaking before a crowd of energy industry leaders in Frankfurt, Germany, Vadym Utkin held up what he said was a piece of a Russian missile. The chunk of steel was used to damage the electricity grid in Ukraine, where Utkin […]

March 4, 2021

The US will need “hundreds of gigawatts” of carbon-free energy installed within the next four years to meet its climate targets, new Energy secretary Jennifer Granholm has said. Speaking during energy industry conference CERAWeek 2021, Granholm used her first speech […]

August 12, 2020

The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry. “Big Oil” companies, referring […]

April 30, 2019

Warren Buffett is getting involved in a rare bidding war unfolding in the energy industry. Berkshire Hathaway has committed a $10 billion preferred stock investment in Occidental Petroleum contingent on the company completing its proposed takeover of Anadarko Petroleum. Last […]

March 7, 2018

Energy Secretary Rick Perry implored energy industry leaders on Wednesday to embrace a new era of innovation enabled by fewer regulations, fossil-fuel development and Trump tax cuts. Perry said the United States can achieve this future only by casting aside […]

March 2, 2018

Steel tariffs could slow booming pipeline and downstream infrastructure construction and feed producer inflation America’s oil and gas industry is steeling itself for Trump’s tariffs. The White House has kept details of the new taxes close to the vest, but […]

November 27, 2017

If you are looking for information to share at the Thanksgiving table about how the tax bills pending in Congress will affect the advanced energy industry, you’re in luck. A whirlwind November brought proposals from House and Senate Republican leadership, […]

November 15, 2017

A global liquefied natural gas (LNG) supply glut may soon be offset by a rapid uptick in demand, Oil Search CEO Peter Botten said Wednesday. “The market has fundamentally changed in the past few years,” Botten said at the Abu […]

October 20, 2017

Port Arthur, Texas, a crucial hub of the worldwide energy industry, is struggling to recover from the effects of Hurricane Harvey. The city of 55,000, also known as Energy City, is responsible for 6.3% of American oil refining through several […]

September 20, 2016

To be fair, Obama probably didn’t plan to take credit for low prices at the pump that day—it was shouted out from someone in the crowd, and he was quick to accept the credit, saying “Thanks, Obama!” And while unplanned, […]

September 12, 2016

Elizabeth Huber lost her job inspecting oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases. Despite crude trading 75 percent above its February lows and energy companies shifting […]

June 9, 2016

U.S. utilities and merchants are embarking on their biggest buying spree for Canadian natural gas since the start of the U.S. shale boom, taking advantage of record low prices and raising concerns about the U.S. industry’s deepening crisis. Traders have […]

May 27, 2016

The past year hasn’t been kind to oil and gas companies, as sliding oil prices have eaten sharply into bottom lines and caused layoffs and bankruptcies across the industry. However, the titans of energy are still standing tall, even as their businesses are pressured. ExxonMobil […]