energy and resource

South Sudan renews oil contracts with China, Malaysia companies

South Sudan has renewed oil mining contracts with China’s National Petroleum Corporation and Malaysia’s Petronas for five more years, Petroleum Minister Ezekiel Lul Gatkuoth said Friday.

Damaged power lines cut power to Istanbul

Power outages in temperatures hovering around freezing tested the patience of Istanbul's residents on Saturday as the Turkish Energy Ministry revealed that heavy snowfall and storms had damaged...

US, Canada to ban future oil drilling in Arctic

The US and Canada will freeze future oil and gas drilling in their Arctic waters, the White House said Tuesday.

Other countries join OPEC to cut oil output by 1.76 million barrels

The Organization of the Petroleum Exporting Countries (OPEC) managed to broaden its efforts to cut oil output on Saturday, when 11 countries outside this group joined a plan that is aimed at...

No agreement reached between Russia, Ukraine on gas deliveries

Russian and Ukrainian officials failed to reach an agreement on gas deliveries this winter in a first round of EU-led talks on Friday.

New EU energy proposal promises jobs, investment, lower energy bills

The EU doubled down on the economic potential of a global shift towards clean energy on Wednesday with a massive package of proposals to reform the bloc's energy industry.

Oil prices jump as OPEC ministers expect to agree on production cut

Oil prices jumped Wednesday as members of the Organization of the Petroleum Exporting Countries (OPEC) voiced confidence that they could reach a deal to cut output for the first time since 2008....

OPEC officials optimistic about output cut, but markets uncertain

Members of the Organization of the Petroleum Exporting Countries (OPEC) voiced optimism Monday that they could reach a price-boosting deal this week to cut oil output, but markets were not...

EU: Hungary's nuclear deal with Russian firm did not violate rules

Hungary did not break EU public procurement rules when it awarded a nuclear expansion project to a Russian firm in 2014 without seeking other bids, a commission spokeswoman confirmed Friday.

Putin, Merkel discuss gas transit via Ukraine as temperatures drop

Russian President Vladimir Putin on Monday warned Germany about Ukraine possibly disrupting gas supplies to Europe during an expected severe winter.

OPEC urges non-cartel oil producers to cooperate with output limit

Global oil supplies are at risk in the long run unless countries both in and outside the Organization of the Petroleum Exporting Countries (OPEC) cooperate now to bolster oil prices, OPEC ...

At least 2 dead, 9 injured in power plant explosion in east China

At least 2 people were killed in an explosion at a thermal power plant in east China's Shandong province on Tuesday, state news agency Xinhua reported.

Russia joins OPEC nations in talks over freeze on oil production

Members of the Organization of Petroleum Exporting Countries (OPEC) met Saturday with Russia and six other non-OPEC states to discuss a possible freeze on production, after talks continuing late...

Dakota pipeline opponents rally after police make arrests, clear camp

Activists trying to block construction of an oil pipeline remained near the scene Friday in North Dakota even after their protest camp was cleared by police.

OPEC meets in Vienna to discuss possible freeze on production

Members of the Organization of Petroleum Exporting Countries (OPEC) met Friday in Vienna for talks about a possible freeze on production.