Oil prices have skyrocketed in Friday morning trading across international markets after the US confirmed it had conducted an airstrike in Baghdad that resulted in the death of Iran’s top military General Qasem Soleimani. International benchmark Brent crude was up more than 3.6% at US$68.65 per...
The total number of LNG imports heading into China from the US jumped significantly last month as the Asian powerhouse seeks to meet record energy demand for heating and industrial use. Total shipments from the US reached 407,325 metric tonnes in November, up from zero in...
Canada Pension Plan Investment Board (CPPIB) plans to invest US$1 billion in the US oil and gas industry through a partnership with Encino Energy. The Encino Acquisition Partners (EAP) will focus on acquiring large, high quality assets with an established production base in mature basins across...
Latest US Energy Information Administration (EIA) figures reveal that renewable energy sources accounted for 19.35% of US electricity generation in the first quarter of 2017. This figure represents a much higher proportion of electricity originating from clean energy sources than expected by the EIA, in a...
Shareholders of Sibanye Gold have approved the company’s US$2.2 billion buyout of US-based Stillwater Mining, which was agreed back in December 2016. Following a recent shareholder meeting, the South African miner announced that 82% of the firm’s shareholders voted in favour of the deal. This conclusive vote...
US President Donald Trump has launched an investigation into cheap foreign imports of steel, citing concerns over national security. According to analysts, this move could raise the possibility of new tariffs being introduced on steel imports, thus strengthening the national steel industry in the US. The announcement...
Mines in the United States produced an estimated US$74.6 billion of raw materials, a small increase on 2015, reported the US Geological Survey. The calculation comes from the 40th annual Mineral Commodity Summaries report which includes statistics on more than 88 mineral commodities important to the...
US President Donald Trumped has given the green light to two controversial oil pipelines in a bid to improve the country’s energy infrastructure. Trump signed orders to put the wheels in motion for the US$6.1 billion Keystone XL pipeline, rejected by Barack Obama in 2015, and...
In one of his last moves as President of the United States, Barack Obama has set aside 122,405 acres of offshore North Carolina for potential wind energy development. Offshore wind energy remains only an emerging industry in the US, but the Bureau of Ocean Energy Management...
American oil major ExxonMobil (NYSE:XOM) has announced it will more than double its oil reserves in the Permian Basin following a US$5.6 billion acquisition of companies owned by the Bass family of Fort Worth, Texas. The Delaware Basin, an oil-rich area of the Permian Basin, located...