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  • Stanley Reed

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Oil Producers Announce New Increase in Production

In a show of confidence in the market, the group, led by Saudi Arabia, said it would begin unwinding a further set of agreed cuts.

Orsted Stock Plummets to Record Low After Trump Halts U.S. Wind Farm

An order to stop work on the Revolution Wind project off Rhode Island further rattled the beleaguered Danish company.

British Government to Rescue Another Ailing Steel Maker

The move, which comes after a court-approved liquidation of Speciality Steel, is meant to preserve jobs and domestic manufacturing.

As Trump Curbs Wind Farms, Orsted Plans $9.4 Billion Share Offering

Shares of the Danish renewable energy developer tumbled after it would issue more stock to raise funds instead of divesting a stake in a wind…

Norway’s Hedged Bet on Europe’s Energy Future: A Garbage Disposal for Emissions

A business called Northern Lights is seen as a model for efforts to pump carbon dioxide deep into wells, but high costs remain an obstacle.

Canadian Company Claims to Find Large Oil Reserves in Poland

The firm’s chief executive said that the field in the Baltic Sea might eventually produce up to 40,000 barrels of oil a day, making it…

How the Deep Sea Cables That Power the World Are Made

The conduits, which are spooled in big stacks on a boat before being buried in an underwater trench, are a crucial part of the grid…

OPEC Plus Agrees to Pump More Oil in August

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to…

BP, Once a Hunter in the Oil Industry, Is Now Prey. What Went Wrong?

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside.

Large Oil Producers Around the Persian Gulf Ramp Up Exports

Saudi Arabia and other oil states are rushing to load tankers in case the Israel-Iran fighting spreads to export installations.