- Can the U.S. Be Energy Independent?
As the US finds itself with abundant nat gas supply and growing domestic oil production, the phrase ‘energy independence’ has become the new buzzword of politicians and industry officials.
- Rosneft, Statoil Sign Deal on Developing Fields in Arctic
Statoil signed a potential $100 billion cooperation agreement with Rosneft to develop Russia’s mostly untapped offshore energy resources in the Arctic.
- Oil Row With South Cost Sudan $2.4B
Sudan’s failure to agree with South Sudan on oil fees has cost the Sudanese economy $2.4 billion, Finance Minister Ali Mahmoud Al-Rasul said.
- Crude Off for 4th Day; Below $98/Bbl on Demand Woes
The bruising sell-off in crude oil futures continued for a fourth day, as election results in France and Greece stoked fears of a widening economic slowdown that will cut oil demand.
- Egypt Heavily in Debt for Natural Gas
Egypt’s petroleum ministry is struggling to keep its spending under tabs. Now overspending threatens one of the most important projects in the nation: the contract for natural gas.
- Chesapeake Still Offers Opportunity in Shale Gas
The energy company is the cheapest way of buying into the boom, market analysts say.
- UK Government Ordered to Comply in LNG Safety Ruling
There has been a further twist in the long-running saga over the safety of shipping Liquefied Natural Gas (LNG) into the Milford Haven waterway.
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