Archives for March 2018
Oil head to monthly gain, driven by geopolitical risks
The prospect of flaring geopolitical tensions and falling U.S. oil stockpiles are helping lift crude again, after a five-month winning streak was broken in February. Source: FuelFix
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Saudis, Softbank plan large solar power development
Saudi Arabia and SoftBank Group Corp. signed a memorandum of understanding to build a $200 billion solar power development that’s exponentially larger than any other project. Source: FuelFix
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Exxon, Total join majors Interested in Iraq oil auction
Exxon Mobil Corp., Total SA and Lukoil PJSC are among international companies interested to win rights to develop 11 oil and gas border fields as OPEC’s number two producer continues to build production capacity. Source:...
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Exxon accused on bribing Liberian officials by NGO
The non-profit Global Witness has accused Exxon Mobil of paying $120 million in 2013 to gain access to an oil field in Liberia they knew had been obtained illegally by former politicians of the West...
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Energy company's bankruptcy generating Enron-sized legal fees
Hundreds of lawyers and financial consultants involved in the $42 billion corporate restructuring of Energy Future Holdings have been paid a gusher of cash, and more huge paydays may be in the works. Source: FuelFix
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