RICHMOND, Va.— Dominion Resources' third-quarter profit fell 7 percent as the energy provider spent heavily on the development of a third nuclear reactor at a Virginia facility and offshore wind operations. The Richmond company on Friday reported earnings of $529 million, or 90 cents per share, for the period ended Sept. 30, compared with $569 million, or 98 cents...» Read More
In an interview with OilPrice.com, the president of a private intelligence company discusses whether rebels can defeat Syria's President Bashar al-Assad.
Officials and industry experts are worried that the potential wealth to be made from Afghanistan's resources has increased the level of corruption, violence, and intrigue in the country.
When it comes to energy policy, investors need leaders with an unwavering long-term vision.
Nothing infuriates Americans more than volatile, spiking gasoline prices. But often the causes given for gasoline price hikes seem contrived.
Investing abroad always poses risk but if you’re careful, though, you can profit nicely in overseas markets, some with double-digit year-over-year growth.
Chinese companies competing for one of the U.K.’s biggest nuclear projects are unlikely to end up with a majority stake in any winning consortium in an attempt to allay concerns about Beijing gaining control of the Horizon reactor programme. The Financial Times reports.
Gulf states are planning to use ray guns to protect their oil and gas infrastructure and also dissuade pirate attacks.
The International Monetary Fund said Syria was one of the few countries in the Middle East whose economy is expected to contract in 2012. The IMF expected the regional economy to grow by more than 5 percent in 2012, an increase from last year. Economic problems for Damascus were compounded last week when the U.S. government extended sanctions on Iran to include the Syrian energy sector. Washington said the government in Damascus was generating millions in revenue through gasoline sales to Iran. With few political or military options available, economic warfare may be the best option for an international community frustrated with the bloodshed.
Turkey’s roaring economy has earned it the nickname “New Tiger” among foreign investors -— who are pouring money into the country.
Ankara’s effort at energy self-sufficiency will mean dishing out big contracts without offending any of its major trade partners.
Dominated by a highly-regarded banking sector and flourishing consumer goods industry, Turkey’s stock market is easy for foreign investors to access.
Iran has struggled to find a reliable consumer base given international sanctions pressure, and its recent production levels suggest the Islamic republic is retreating somewhat from the international energy sector.
A major oil find by Canada’s Tethys Petroleum in Tajikistan comes at a bad time for the Central Asian country, as the security situation is about to skyrocket out of control in a restive province on the border with Afghanistan.
For years, the prospect of Turkey joining the EU wasn't taken seriously. But Turkey has embarked on a series of economic and political reforms, making it more palatable to EU members.
The promise of discovering a clean, green, safe, and (due to the fact that it is fueled by the most abundant metal and gas on the planet, nickel and hydrogen) cheap renewable energy source is causing many investors and scientists to overcome their previous reluctance and enter the field.
U.S. Secretary of State Hillary Clinton is in the midst of an 11-day trip across sub-Saharan Africa. Speaking on 1 August on the topic “Remarks on Building Sustainable Partnerships in Africa,” Clinton at the University of Cheikh Anta Diop in Dakar, Senegal, Clinton told her audience, “The Obama Administration’s comprehensive strategy on Sub-Saharan Africa is based on four pillars: first, to promote opportunity and development; second, to spur economic growth, trade, and investment; third, to advance peace and security; and fourth, to strengthen democratic institutions.”
The Congressman responsible for writing many of the U.S. sanctions against Iran lashed out about London-based Standard Chartered’s business with the Islamic Republic and the negative reaction from Britain to the impact of U.S. sanctions on British banks.
Retail gasoline prices in the U.S. Midwest were as much as 50 cents higher than in the rest of the country this week, and a number of contributing factors are to blame.
Ever since its founding as an autonomous state in 1948, Israel has relied on imported energy to meet its domestic power demands. However, offshore exploration operations have now found giant natural gas fields able to supply the country with more gas than it can use.
The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north. The region's Ministry of Natural Resources said the resumption was a goodwill gesture meant to encourage the central government to settle the outstanding payments. With foreign companies seemingly focusing their financial energy in northern Iraq, however, the gesture may be more of a power play than a confidence-building effort.