Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.
Oil Mining News
World’s largest CO2 pipeline is being built in Alberta, but underground sequestering of carbon gets little love from governments.
Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie.
Companies figured out how to survive in the lower-for-longer price era.
The emphasis is on getting more women at senior levels.
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll.
The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.
The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
"The law allows 100 percent ownership...and you can apply for exploration or mining licenses."
EBITDA will be down by about $148 million.
Industry leaders now appear to be positive that growth can be achieved after several difficult years.
The Saudis have the two key ingredients to continue pumping oil till kingdom come—huge reserves and low production costs.
SOFAZ held 50.95 tonnes of gold worth $2.1 billion at the end of 2018.
Glencore lost exclusivity on Messla and Sarir.
The entire portfolio generates around $700 million in operating cashflow a year.
"CCS is a get-out-of-jail card and a great business opportunity,” - Michael Liebreich, founder of Bloomberg NEF research group.
Changes to Brazil’s 50-year-old mining regulations also came in effect Wednesday and include measures that make the country’s industry more competitive and sustainable.
To cut and push up prices or not to cut and preserve market share.
It’ll be an important week for iron ore, which has been badly beaten up in November.
Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.
If the required steps to fully implement the amended settlement do not take place Crystallex will go back to court to seize assets linked to Citgo.
Many of the political uncertainties weighing on commodity markets have a significant chance of being addressed in Buenos Aires.
The race to export U.S. shale oil overseas is about to get fierce.
Demand for Saudi crude may be lower in January compared with December - Khalid Al-Falih