A new report says the underexplored basin may mirror America’s massive Permian Basin.
On Monday, French oil and gas producer Total announced that it had signed an agreement to acquire Saft, a leading lithium-ion battery maker, for 950 million euros. This marks Total’s second foray into the clean energy space, as the company acquired a controlling share of SunPower, a leading US solar
The environmentally conscious companies have partnered their Bi-Direx inverter and AHI™ high-performance batteries with great success.
Paul Rankine of TomCo Energy discusses oil shale as an alternative source of oil in the United States.
Sanctions imposed on Russia by the United States were less harsh than expected, but the intertwining of Russia’s Rosneft with other international oil companies highlights Russia’s importance in the oil market.
As global oil demand and prices continue to rise, an increasing number of exploration and production companies are choosing to focus their efforts on West Africa. Boasting some of the world’s highest-potential oil and gas reserves, this region is becoming increasingly attractive to investors.
Weaker US retail sales and consumer sentiment raised doubts about the strength of the country’s economic recovery this week, while General Electric made a big move to expand its oil and gas unit.
The Cyprus banking crisis is symptomatic of larger economic troubles in the Eurozone that are making investors wary of commodities.