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Oil

Russia’s Rosneft starts drilling in Iraq

Russian oil producer Rosneft reported Monday it started new drilling operations in Iraq, alongside a Chinese contracting partner. Rosneft said it started a new exploration well, which according to state news agency Tass should be completed…

Obama’s mighty EPA falls into Pruitt’s hands

President Barack Obama leaned hard on the Environmental Protection Agency to carry out his climate agenda, bypassing a Congress that had refused to act. As a result, President-elect Donald Trump and Scott Pruitt will have sweeping power to…

Mammoth Texas oil discovery biggest ever in USA

Geologists say a new survey shows an oilfield in west Texas dwarfs others found so far in the United States, according to the US Geological Survey. The Midland Basin of the Wolfcamp Shale area in the Permian Basin is now…

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