Jul 30, 2014

U.S., Europe slap Russia with toughest sanctions yet over Ukraine

The United States and Europe targeted Russia’s key financial, arms and energy sectors Tuesday with tough new sanctions in response to Moscow’s intervention in the Ukraine crisis. Announcing the measures, U.S. President Barack Obama denied that the West had begun a new Cold War ...

U.S. cleans up, but coal exports reach new heights

Jul 29, 2014

U.S. cleans up, but coal exports reach new heights

As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution. This fossil fuel trade threatens to ...

Abe leaves Mexico, heads for Trinidad and Tobago

Jul 28, 2014

Abe leaves Mexico, heads for Trinidad and Tobago

Prime Minister Shinzo Abe left Mexico Sunday, having struck a series of energy deals, and headed for Trinidad and Tobago, his next stop on a tour of Latin America. The Japanese leader and his wife received a red-carpet sendoff flanked by soldiers at the ...

Problems dog plans for U.S. nuclear plants

| Jul 27, 2014

Problems dog plans for U.S. nuclear plants

by Ray Henry

The U.S. nuclear industry has started building its first new plants in decades using prefabricated Lego-like blocks meant to save time and money and revive the once promising energy source. But so far, it is not working. Quality and cost problems have cropped up ...

Abe tours ancient pyramids with Mexican leader

Jul 27, 2014

Abe tours ancient pyramids with Mexican leader

Prime Minister Shinzo Abe wrapped up a two-day visit to Mexico on Saturday, taking a break from sealing energy deals to tour pyramids with President Enrique Pena Nieto. Abe and Pena Nieto visited the pre-Columbian city of Teotihuacan with their wives, Akie Abe and ...

Jul 21, 2014

Overuse weakens sanctions

by John Kemp

As the U.S. becomes more cautious about military intervention, financial sanctions are being seen as an increasingly attractive alternative in the pursuit of national security and foreign policy goals. But their overuse could spur a major effort to reroute financial transactions away from the ...

Jul 18, 2014

The real shale revolution

by John Kemp

It was the mastery of horizontal drilling around 1990 — originally for oil rather than gas exploration — that lit the long fuse for the so-called shale revolution that erupted 15 years later.

China studies floating gas plants for South China Sea

Jul 17, 2014

China studies floating gas plants for South China Sea

by Chen Aizhu

Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea. While the state-run company has ...

U.S., Europe expand economic sanctions on Russia to hit key energy firms, banks

Jul 17, 2014

U.S., Europe expand economic sanctions on Russia to hit key energy firms, banks

Both the U.S. and European Union imposed new economic sanctions on Russia Wednesday, with President Barack Obama declaring that Russian leaders must see that their actions supporting Ukraine’s rebels “have consequences.” Though the American and European sanctions were coordinated, they nonetheless exposed fissures in ...

Shale oil to push U.S. past Russia, Saudi Arabia

Jul 10, 2014

Shale oil to push U.S. past Russia, Saudi Arabia

Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world’s largest producer of crude oil, most analysts agree. When that happens and by how much, though, has produced disparate estimates that depend on uncertain ...