Jun 23, 2016

Itochu, CITIC to cooperate in oil, gas development

Trading house Itochu Corp. and China’s CITIC Resources Holdings Ltd. are to kick off joint projects in oil and gas production. An agreement calls on Itochu and the unit of CITIC Ltd., a Chinese state-owned conglomerate, to pursue joint acquisitions of oil and gas ...

G-7 calls for energy investment amid grim industry outlook

May 3, 2016

G-7 calls for energy investment amid grim industry outlook

The Group of Seven energy ministers have agreed that more investment is needed to lift energy output, but the outlook for boosting production remains tough. Energy companies still find it difficult to ramp up investment with no clear sign of a turnaround in the ...

G-7 vows to spur investment, security for stable energy supply

May 2, 2016

G-7 vows to spur investment, security for stable energy supply

Energy ministers from the Group of Seven nations agreed Monday on the need to strengthen energy security and promote investment in the sector, as low prices and other emerging issues threaten to destabilize supply. The ministers gathered in Kitakyushu, Fukuoka Prefecture, for two days ...

Buffett still bullish on U.S. economy despite weak spots

Mar 1, 2016

Buffett still bullish on U.S. economy despite weak spots

Billionaire Warren Buffett said the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn’t change his optimistic long-term view of the country’s prospects. Buffett appeared on CNBC Monday and addressed a variety of topics after ...

Massive gas leak near Los Angeles plugged after 16 weeks

Feb 12, 2016

Massive gas leak near Los Angeles plugged after 16 weeks

A blowout at a natural gas well that gushed uncontrollably for 16 weeks and drove thousands of residents from their Los Angeles homes was plugged Thursday, a utility said. While the well still needs to be permanently sealed with cement and inspected by state ...