Energy

Anglo American Announces Plans to Leave Diamond, Platinum, Coal Mining to Avoid BHP Acquisition Plans

Anglo American decided on abandoning its diamond, platinum, and coal operations in order to realign its operations on nickel and avoid acquisitions offered by BHP Group.


Joe Biden Signs Law Banning Uranium Imports From Russia to Revive America's Nuclear Fuel Industry

President Joe Biden has signed a bipartisan bill that bans imports of enriched uranium from Russia. Uranium is the fuel most used by nuclear power plants...

Chinese Companies Dominate Licensing Bids to Explore Iraq Oil and Gas Fields as US Snubs Energy Bidding Round

Chinese companies won five more bids to explore and develop oil and gas fields in Iraq...

UK Government Abandons Hydrogen Town Pilot Amid Heating Decarbonization Efforts

The UK government canceled a crucial hydrogen town pilot, which damaged plans for hydrogen heating systems and raised questions about decarbonization strategies...


Latest News

Oil price drop to $30 per barrel as Iran begin delivery to Europe
The price of the oil dropped once again to $30 per barrel after Iran delivered its first shipment to Europe. This fall is seen as a boon for some nations while it is considered as a disaster for other
BP widens natural gas project in Oman
BP enters into an agreement with Oman government to widen the license area of Block 61. The company strengthens its commitment in Oman with a view to broadening its business in the country.
Oil Price Soars While Stocks Follow The Trait Too
The average oil price has dipped well below $30 a barrel on Thursday, which has been reported to be sold at $31 on Friday. Sharp fall of oil prices on Thursday has been analyzed as the triggering fact
Investment in US mining, exploration drops 35%
The oil price drop is forcing several mining and exploration companies to reduce costs and investments. As a result, the investment in US mining and exploration fell 35 percent in 2015. Some mining co
Abu Dhabi keen on aviation, energy sectors in India
India seeks investments from United Arab Emirates (UAE) in oil, aviation and infrastructure segments. Abu Dhabi is also keen on developing projects in India. Sheikh Mohammed bin Zayed, Crown Prince of
Disclosure Of Fourth Quarter Earnings Slashes SolarCity Stock Prices By 33.59%
SolarCity Corp. has been displaying a tremendous growth during the last couple of years. The largest solar plant provider in the US has disclosed fourth quarter earnings during late hours on Tuesday.
US economic woes not due to lower oil prices
The US economy woes are not due to oil price drop, opine economists, who rule out the common view of financial media, government officials and academic that attribute the oil price drop to the America
IEA warns of worse than expected oil glut
The International Energy Agency (IEA) has warned that short-term risks downside have increased as oil glut is expected to be worse than anticipated. With Iran resuming oil production, the sluggish glo
Hedge funds betting on risks in US bluechips debt
The bonds are gaining momentum amid sluggish financial markets and uncertainty about the global economy. Majority of hedge funds are betting on the $4.5 trillion market as the safest for US corporate
Carl Icahn lost $90 million in his portfolio
Two of the many energy related shares in Carl Icahn portfolio's plunged on Monday trade causing the activist investors a paper loss of $90 million. The two companies are Chesapeake Energy Corp. and Tr
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