News / International
Bill to Give State Full Authority Over Fracking in Texas Closer to Law
A bill giving Texas the sole right to regulate the oil and gas industry and take away the power of municipalities to pass anti-fracking rules moved a step closer to becoming law on Monday after it passed the Senate.
Shale Stocks Drop as Major US Investor Criticizes Industry
Money manager David Einhorn slammed the shale drilling industry that ushered in a new era of U.S. oil production as wasteful, expensive and a terrible investment.
OPEC Bulletin: Speculators Also to Blame for Oil Price Slump
Oil supply and demand don’t fully justify the 60% drop in prices between June and January as speculation also played a role, according to OPEC.
Iran and US Trade Claims Over Oil Contracts, Meetings Claims
The US State Department says it cannot confirm a report that an American oil delegation plans to visit Tehran within the next few days to discuss business.
GCC PetroChem Exports On Rise But Still Face Supply Problems
Gulf petrochemical and chemical exports exceeded 65 million tonnes last year, in comparison to less than 36 million tonnes in 2006, according to an expert.
Bahrain Four-Year Action Plan to Reform Subsidies
Subsidy cuts are set to hit wealthy expatriates and companies first under proposals being considered following the Bahrain Cabinet's approval of the new national budget yesterday (May 4).
ExxonMobil-led Strikes Oil Offshore Angola
Exxon Mobil Corporation has announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project offshore Angola.
Shell and Exxon Beat Earnings Expectations Amid Low-Price Environment
The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected.
