Trump Criticizes OPEC, Calling Oil Prices ‘Artificially’ High

Trump Criticizes OPEC, Calling Oil Prices ‘Artificially’ High

Photo President Trump boarding Air Force One at Palm Beach, Fla., on Wednesday. He criticized OPEC on Friday, arguing that it “artificially” raised oil costs. Credit Tom Brenner/The New York Times President Trump railed in opposition to the OPEC oil cartel on Friday, declaring that the group of oil producers had “artificially” raised oil costs […]

At Home in the Jungle, Everything Is ‘Alive and Has a Spirit’

At Home within the Jungle, Everything Is ‘Alive and Has a Spirit’

The Sarayaku Kichwa who stay within the Ecuadorean Amazon consider within the “Living Jungle,” the place rivers, land, animals and even the wind are interconnected. “Everything in the jungle is alive and has a spirit,” stated Misha Vallejo, who has been documenting this indigenous neighborhood for 3 years. “If you destroy something, you will see […]

Total, With Energy Industry in Flux, Makes $1.7 Billion Bet on a Utility

Total, With Energy Industry in Flux, Makes $1.7 Billion Bet on a Utility

Statoil, the Norwegian big, has elevated its investments in offshore wind, playing that big generators stationed on huge floating platforms within the sea will ship a lot of the world’s energy. And in one of many extra intriguing strikes, the Italian oil firm Eni said last month that it might make an preliminary $50 million […]

Bulging Debt May Spell Trouble for Energy, Telecom and Retail

Bulging Debt May Spell Trouble for Energy, Telecom and Retail

One necessary constructive for Verizon, Mr. Wolfe mentioned, is that it has “the premier wireless network.” But the price of upgrading that community can also be a Verizon vulnerability. The firm is transferring aggressively to place in place 5G expertise, which makes use of greater frequencies to hurry wi-fi transmission. But 5G is dear to […]

New Zealand Bans New Offshore Drilling, Citing Climate Change

New Zealand Bans New Offshore Drilling, Citing Climate Change

The authorities stated it might enable the prevailing 22 energetic offshore permits, overlaying greater than 38,000 sq. miles, to run till their expiration, which is “as far out as 2030.” Companies that discover extra oil and gasoline reserves the place they have already got permits might drill for many years, and new onshore permits could […]

Solar Power Is Burning Bright. But It’s Not Quite Twilight for Fossil Fuels.

Solar Power Is Burning Bright. But It’s Not Quite Twilight for Fossil Fuels.

UNITED NATIONS — Solar panels are all over the place: perched on thatched roofs in rural Kenya, serving to Indian farmers pump groundwater for his or her fields, and powering United States military bases. Solar energy accounted for greater than a 3rd of all electrical energy generated from vitality sources that got here on-line in […]

Cyberattack Shows Vulnerability of Gas Pipeline Network

Cyberattack Shows Vulnerability of Gas Pipeline Network

The assault’s goal seems to have been Latitude Technologies, a Texas-based supplier of digital data-sharing between pipeline corporations and their gasoline producer and utility clients. The firm handles the crucial laptop communications of gasoline storage amenities, in addition to gross sales contracts and cargo scheduling. Chris Bronk, a cybersecurity professional on the University of Houston, […]

Brazilian Auction Draws Oil Companies Back to Offshore Drilling

Brazilian Auction Draws Oil Companies Back to Offshore Drilling

On Wednesday, two selection offshore blocks have been withdrawn from the public sale by a Brazilian court docket, which argued that they need to be granted solely underneath a manufacturing sharing mannequin that will profit the federal government. But Brazilian officers and vitality analysts argued that the public sale was a hit anyway. “The diversity […]

$9.5 Billion Purchase by Concho Is Latest Sign of West Texas Oil Boom

$9.5 Billion Purchase by Concho Is Latest Sign of West Texas Oil Boom

Oil corporations are typically out of favor on Wall Street, and the Permian Basin shouldn’t be with out issues at a time when oil costs stay effectively beneath the $100-a-barrel ranges of latest years. The present vary is $60 to $70 a barrel. Producers face rising bills as competitors for service corporations that do many […]