News Desk

News Desk

GE shakes up its power unit

General Electric Co shook up its ailing power business again, naming a CEO for its new gas-power division and bringing a veteran GE executive back from retirement to help...

News Desk

Chevron granted RFS waiver

The US Environmental Protection Agency granted oil major Chevron Corp a 2017 hardship waiver from US biofuel laws for its Utah refinery earlier this year, according to a...

News Desk

Canada mulls rail car buy

Canada’s federal government is considering a proposal from its main oil producing province of Alberta to share the cost of buying rail cars to move oil stuck in the...

News Desk

Cimarex to buy Resolute

Oil and gas producer Cimarex Energy Co agreed to buy smaller rival Resolute Energy Corp for $1.6 billion including debt, adding more assets in the shale-rich Permian...

News Desk

EPA proposes biofuel ‘reset’

The US Environmental Protection Agency will propose new targets for the final three years of the nation’s renewable fuel programme in January, replacing ambitious decade-...

News Desk

US drillers cut oil rigs

US energy firms this week cut oil rigs for the first time in the three weeks as crude prices have fallen to their lowest in over a year.Drillers cut three oil rigs in the...

News Desk

Noble Group hit by probe

Singapore authorities are investigating Noble Group Ltd for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $...