In a significant development, Chevron Corp stated, it will be writing down the value of its assets by $10 billion to $11 billion this quarter; the U.S. oil major is also considering selling some of its natural gas projects as… Read More ›
natural gas
Israel’s sign gas export deal with Egypt
Israel will start exporting gas to Egypt from January 2020. In a regulatory filing in Tel Aviv, Israel’s Delek Drilling stated, shares have been transferred to buyers in a joint venture called EMED between Texas-based Noble Energy and Delek wherein… Read More ›
Climate Action Rebate Act could generate $2.5 trillion in 10 years
Plans are afoot to get bipartisan backing for this bill. On Thursday, two Democratic U.S. senators are set to unveil a bill which aims to reduce climate change by slapping a fee on oil, natural gas and coal; the bulk… Read More ›
SEC investigating PG&E’s losses and public disclosures related to 2017, 2018 wildfires
PG&E is of the opinion that regulators are likely to conclude that its equipment started the wildfires, the deadliest in California’s history, which resulted in the death of 86 people and caused billions of dollars in liabilities. In a significant… Read More ›
Exxon Mobil halts oil survey survey over confrontation with Venezuela’s navy
Home of the world’s biggest crude oil reserves, production of crude oil in Venezuela, a OPEC member, has reached its lowest levels in 70 years. Guyana’s Foreign Affairs Minister Carl Greenidge stated, the government is “in discussion” with Exxon Mobil… Read More ›
LNG to become second largest energy source: International Energy Agency
Although LNG will largely replace coal in the global energy mix, the forecast growth trajectory for CO2 emissions has been once again tied down to the oil and gas industry. These emissions are “far out of step” based on current… Read More ›
China threatens to impose 25% tariff on U.S. crude
By targeting U.S. crude, Beijing has placed the Trump administration’s “energy dominance” in its cross-hairs. In a development that adds to pressure on the U.S. government to scale back trade pressures on China, energy analysts and executives have disclosed the… Read More ›
Afghanistan will have to be secured before it’s rich mineral resources can be exploited
Landlocked Afghanistan has many resources to offer, but they come at significant costs and risks. U.S. President Donald Trump is said to be eyeing Afghanistan’s mineral resources as a way to help fund reconstruction efforts in the impoverished nation and… Read More ›
EQT’s acquisition of Rice Energy will make the combined company the No. 1 natural gas producer in the U.S.
The deal places the combined company ahead of Exxon Mobil Corp. On Monday, EQT Corp, a U.S. oil and gas company disclosed it would be acquiring its peer, Rice Energy for $6.7 billion and create the biggest natural gas producer… Read More ›
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