Oil Prices Down for the Week
Posted on Thursday January 23, 2020

WTI and Brent crude oil prices faltered again Friday.

Seadrill Rig Order Goes to Semco
Posted on Thursday January 23, 2020

This photo shows the Seadrill-operated West Bollsta harsh-environment rig, which will mobilize on the Norwegian Continental Shelf. PHOTO SOURCE: Semco Maritime.

UK Prosecutors Allege Iraq Oil Boss Corruption
Posted on Thursday January 23, 2020

British prosecutors told a London jury that Iraqi oil bosses were wooed by shopping trips, cash and offers of new TVs from businessmen seeking lucrative contracts.

Santa Retiring from Pipeline Advocacy Group
Posted on Thursday January 23, 2020

After 17 years at the helm, Don Santa is retiring as president of the Interstate Natural Gas Association of America (INGAA).

Mnuchin Questions Need for Carbon Tax
Posted on Thursday January 23, 2020

U.S. Treasury Secretary Steven Mnuchin called it "a tax on hard working people."

Oil Industry Climate Suits Have Poor Track Record
Posted on Thursday January 23, 2020

Attempts to make Big Oil pay for climate change may be impossible.

US Extends Clampdown on Iran
Posted on Thursday January 23, 2020

The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Islamic Republic's revenue sources.

Global LNG Poised for Terrible Year
Posted on Thursday January 23, 2020

Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption.

Ammonia-Fueled Supply Vessel on the Drawing Board
Posted on Thursday January 23, 2020

Equinor announced Thursday that the world's first carbon-free ammonia-fueled supply vessel is on the drawing board.

US Energy Independence Fuels Persian Gulf Insecurity
Posted on Thursday January 23, 2020

The U.S. drive for energy independence fuels Persian Gulf insecurity, according to a new report by Verisk Maplecroft.

WSJ.com: US Business

Apple Was Headed for a Slump. Then It Had One of the Biggest Surges Ever.
The surge is partly being driven by renewed iPhone anticipation, and investors are eager for more, as some are aware of the cyclical nature of past rallies.

Kraft Heinz CEO, Pushing for Growth, Separates Winners From Losers
Kraft Heinz CEO Miguel Patricio talked to board members about winners and losers in the company?s stable of packaged-food brands last week, as he moves ahead with a plan to place fewer, bolder bets to boost sales.

The Pharmacist Is Out: Supermarkets Close Pharmacy Counters
Hundreds of regional grocery stores are closing or selling struggling pharmacy counters, as consumers make fewer trips to fill prescriptions and big drugstore chains tighten their grip on the market.

Saudi Prince Courted Amazon's Bezos Before Bitter Split
One of the world?s richest men, Jeff Bezos, and one of the most powerful princes, Mohammed bin Salman, have become archenemies, each accusing the other of betrayal after working cordially to try to establish an Amazon presence in Saudi Arabia.

Fiat Chrysler Faces Rough Road Before PSA Merger
Fiat Chrysler is banking on the planned $50 billion deal to help it catch up with rival car makers. But in the year or so until it happens, the Italian-American company risks falling further behind.

Mnuchin Sees U.S. Trade Deal With U.K. This Year
The U.S. hopes to complete a new trade agreement with the U.K. by the end of this year, Treasury Secretary Steven Mnuchin said.

U.S. Business Activity Increases in Early 2020
The U.S. improvement contrasted with weaker economic performance in some of the world?s other major economies. Europe?s economy remained a global weak spot.