The country says it will increase production by 30 percent over the next seven years.
ExxonMobil’s recent oil discovery off the coast of Guyana has reignited the country’s 200-year border conflict with Venezuela.
Australian Mining reported that the International Energy Agency (IEA) believes new major liquefied natural gas (LNG) projects in Australia will struggle to turn a profit due to the low oil prices.
Mining Weekly reported that BHP Billiton (ASX:BHP,LSE:BLT,NYSE:BHP) and joint venture partner ExxonMobil Australia will spend AU$400 million to replace a 187 kilometer pipeline in Victoria.
Not all stocks got hurt in the Black Monday bloodbath. Here’s a few precious metals stocks that avoided the carnage to post gains.
Imperial Oil Ltd. (TSX:IMO,NYSE:IMO) announced that it’s successfully begun its Kearl oil sands expansion project.
Sintana Energy Inc. (TSXV:SNN) announced that Patriot Energy Sucursal Colombia, wholly owned by the Company, has received notice that ExxonMobil Exploration Colombia Limited has commenced drilling operations for the Manati Blanco-1 well in Colombia’s Middle Magdalena Basin.
In May, US Energy Secretary Ernest Moniz said that the Obama administration is considering lifting the country’s crude export ban. Interestingly, a report from IHS suggests that the US could stand to reap multiple benefits from the rule change, including the addition of up to nearly 1 million jobs in
Forbes reported today that Vietnam is asking Beijing to call off the movement of a Chinese oil rig towards large reserves discovered and owned by Exxon and PetroVietnam. According to Forbes, the action followed president Obama’s ‘China containment tour,’ although the United States is not expected to retaliate against the
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.
Coal Investing News recently spoke with David Schwedel, founder and lead investor of Coalview, about why it’s important to recover coal fines and how it’s done. He also touches on why he believes a positive future is in store for the much-maligned fuel.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provided an update on recent testing activities at the Kutai West PSC, signed a Memorandum of Understanding (MOU) with PT Navigat Energy, and arranged a $3.8 million non-brokered private placement.