US oil boom tempts Saudis to consider American crude sale
Even Saudi Arabia wants in on the U.S. oil boom.
US
As Saudis go nuclear, US seeks an edge over great-power rivals
At a meeting of the International Atomic Energy Agency in Vienna last September, word spread that Saudi Arabia had identified a handful of countries that could build two nuclear reactors in the kingdom. The U.S. wasn’t among them -- until Energy Secretary Rick Perry buttonholed the Saudi delegates and told them America wanted in.
US wants to make its own massive offshore wind turbines
With state officials eyeing $56 billion of wind farm projects off the American coastline, developers are worried the turbines will need to be stamped with a big "Made in the U.S.A." That’s because the U.S. doesn’t make any.
Billions from Trump tax cuts supercharge fossil fuel industries
Oilmen, wildcatters and refiners are reaping billions in windfalls from President Donald Trump’s new tax code, helping boost the staying power of old-style energy even as the world searches for cleaner fuels.
Wood says US rates drop to have ‘favourable impact’
Energy service company Wood said today that the US corporate income tax rate reduction would result in a “one-off, non-cash credit” to its profit and loss statement for 2017.
Here’s why British utilities are worst in Europe
U.K.’s biggest utilities may look like real bargains compared with their European peers. So why aren’t investors piling in?
Russian president says US Government’s Putin list is ‘hostile step’
Russian president Vladimir Putin has called a long-awaited US list of Russian businessmen and officials who have flourished under his presidency a "hostile step" that harms relations between Moscow and Washington.
Trump’s White House opts not to punish anyone under new Russia sanctions
The Trump administration has decided not to punish anyone - for now - under new sanctions retaliating for Russia's election-meddling, the State Department has said.
Texas oil and gas workforce at 7-year low
The Texas oil industry's attempt to do more with less may have left the state's oil and gas workforce permanently smaller.
Perry announces $3 million prize to boost solar manufacturing
Energy Secretary Rick Perry is putting taxpayer money where President Trump's mouth is.
Feds postpone public meetings on offshore drilling
The government shutdown is now delaying the rollout of President Donald Trump's plans to expand offshore drilling.
IEA sees ‘explosive’ growth in US oil output as prices rally
U.S. oil output is set for “explosive” growth this year as prices rally, potentially offsetting a further collapse in Venezuela’s production, the International Energy Agency said.
Global opportunities on show at Subsea Expo 2018
UK subsea service companies will have a chance to broaden their horizons at the sector’s main annual conference and exhibition.
Trump’s offshore oil plan will struggle to lure rigs from Guyana
The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude.
Updated: Oil extends slide on speculation hedge-fund buying went too far
Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback.
US expected to become net exporter of natural gas for first time in decades
The U.S. could become a net exporter of natural gas in 2018 for the first time since 1957, thanks to increased natural gas exports to Mexico, LNG exports to at least 20 countries and less gas flowing into the country from Canada, according to the U.S. Department of Energy.
Trump removes Florida from offshore drilling plan after objections
The Trump administration is ruling out plans to sell new drilling rights off the coast of Florida, including eastern Gulf of Mexico waters coveted by oil companies, amid pressure from Republican Governor Rick Scott.
Trump announces vast expansion of drilling off US coast
The Trump administration has moved to vastly expand offshore drilling from the Atlantic to the Arctic oceans with a plan to open up waters off the California coast for the first time in more than three decades.
North Korea keeps sneaking in oil using secret ship transfers
Donald Trump’s desire to squeeze Kim Jong Un’s regime risks being undermined by the furtive maneuvers of oil tankers at sea.
US stumps up $30m for unconventional oil and gas projects
New oil and gas recovery projects will receive a $30 million cash boost in an effort to develop unconventional methods to extract fossil fuels.
BP braces itself for $1.5bn hit from US tax changes
BP, the UK oil major that invests more in the US than anywhere else, expects to take a charge of about $1.5 billion as a result of recent tax changes in the country, despite the prospects of long-term gains from the legislation.
Rhum field may test Iran policy, report says
A North Sea field being sold by BP could test US policy towards Iran, a news report said.
Houston’s Talos acquiring Stone Energy in near-$2bn merger
Houston offshore oil and gas company Talos Energy will acquire Louisiana-based Stone Energy in a near-$2 billion merger.
Rig count jumps up, but only for natural gas
The number of active drilling rigs jumped up for the second straight week, but the increase of eight rigs is exclusive to those seeking natural gas.
Chemical safety board scraps recommendation on offshore safety
Offshore oil rig workers will remain without broad whistleblower protections after a federal agency this week opted to withdraw recommendations made in the aftermath of the 2010 Deepwater Horizon tragedy in the Gulf of Mexico.