Blog
The book “The Black Swan” was written by former Wall Street trader Nassim Nicholas Taleb to describe rare, outlier events that can’t be predicted beforehand, but that have potentially huge consequences. The phrase “black swan” has been used to describe any number of financial events, such as the 1987 stock market crash, and the 2008
Nigeria assured foreign oil investors on Monday that the African OPEC producer is open to business and can guarantee high returns on investment, the country’s President Muhammadu Buhari told an energy conference. “Let me assure our foreign investors that your investments in Nigeria are very much secured and this can’t be better anywhere else,” the
The cost to build Justin Trudeau’s pet oil-pipeline project just got a few billion dollars more expensive. The price tag for the Trans Mountain expansion has increased 70% to C$12.6 billion ($9.5 billion) because of legal delays and accommodations made to indigenous communities along its route, the pipeline’s operator said Friday in an emailed statement.
A Republican defending his seat on Texas’s all-powerful energy regulator is preparing a first-of-its-kind report on natural gas flaring, a practice that’s come under fire from environmental groups and even some producers. The report will showcase flaring trends, its proportion to surging oil production and potentially a list of the best and worst operators, said
President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockpile as part of his fiscal 2021 budget plan. The proposal, which requires approval from Congress, would use the proceeds of the sale to fund certain Energy Department activities, including the environmental remediation of an oil field in Elk Hills,
Aquaterra Energy has secured a significant agreement from Chevron to design and support installation of a Sea Swift offshore platform solution off the coast of Angola, through its wholly owned subsidiary in Angola, Cabinda Gulf Oil Company Limited (CABGOC). Destined for the Lifua-A field, the conductor supported platform (CSP) will be designed and installed in
As the deadly coronavirus triggers shortages of medical supplies in China, businesses are urging employees and their clients to bring back face masks from overseas. In a sign of how desperate shortages may be getting, companies from PetroChina Co. to Geely Automobile Holdings Ltd. are scouring the world for medical supplies to send back home.
The U.S. Court of Appeals for the Ninth Circuit will hear arguments on Wednesday whether to allow lawsuits against Big Oil by several California cities be heard in state court, as the communities want, instead of federal court, on which the oil corporations insist. Should the appeals court decide in favor of the plaintiffs in
Chevron Technology Ventures (CTV) commissioned a pre-FEED study that will explore the potential for trialing carbon-capture technology in Chevron’s operations. The study will evaluate the feasibility and design of a 10,000 ton per year carbon capture unit from Svante Inc. in one of Chevron’s California facilities, and is expected to be complete in the first
The U.S. is weighing whether to sanction Russia’s biggest oil producer, Rosneft PJSC, for maintaining ties with Venezuela’s Nicolas Maduro, though American officials are wary that the move could cause chaos in global oil markets, according to people familiar with the matter. Officials at the Treasury Department worry that sanctions on Rosneft may drive up