Articles by OilPrice.com

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Forties Pipeline Could Remain Shuttered For Weeks

The Forties oil and gas pipeline shutdown on Monday, caused energy prices in the United Kingdom to spike in the afternoon, according to a new report by Reuters. Brent Crude, which Forties carries, also spiked to a two-and-a-half-year high on news of th…


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Desjardins Ends Energy Loan Moratorium

Canada’s Desjardins, the largest association of credit unions in North America, has decided to lift a moratorium on loans for energy and pipeline projects, noting that it will weigh its clients’ environmental, social and governance practices in all fut…


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Desjardins Ends Energy Loan Moratorium

Canada’s Desjardins, the largest association of credit unions in North America, has decided to lift a moratorium on loans for energy and pipeline projects, noting that it will weigh its clients’ environmental, social and governance practices in all fut…


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Research Unveils New Promising Biofuel

New research indicates that poplar trees could be an economically viable biofuel material. In the quest to produce affordable biofuels, poplars are one of the Pacific Northwest’s best bets—the trees are abundant, fast-growing, adaptable to many terrain…


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Moscow Braces For More U.S. Sanctions

Whatever friendly feelings United States President Donald Trump might personally hold toward Moscow, the anti-Russian policy of his administration is even bolder than the course set in the last year of Barack Obama’s presidency. This conclusion was art…


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Nigeria Reforms Oil Sector To Draw New Investment

Provisions in the 2018 budget, published in early November, set out proposals that allow for the sale of state equity in joint-venture (JV) oil assets, a move officials say will raise N710bn ($2bn). The additional revenue generated from the reforms wil…


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Troubled GE Slashes 12,000 Energy Jobs

A day after labor unions warned that General Electric was planning thousands of job cuts in its troubled power-generation unit, GE confirmed that it’s planning to cut 12,000 jobs globally in its power business as the company’s new leadership tries to r…


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The Stunning Energy Cost Of Tesla’s Semi-Truck

Elon Musk’s reliance on shock-and-awe tactics and unjustifiably lofty performance projections is creating serious problems for the so-called visionary as a growing number of experts have come forward to explain that many of his claims would defy the la…


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Egypt Takes Giant Step Towards Energy Independence

The first flow of gas from the offshore Zohr gas field, located 200 km north of Port Said, is expected in December, according to government officials. Speaking in October, Tarek El Molla, minister of petroleum and mineral resources, said development of…


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Microsoft, Google Turn To Wind Energy

Most of us thought trawling online to grab bargains during Black Friday last week was hectic but the good folk over at Vattenfall can put us all to shame. Not content with signing an innovative deal to power one of the world’s biggest technology compan…