Energy & Resources articles

11 Biggest Iron Ore Producers in the World in the 2017

Iron is one of the most needed metals in industry today, since steel production depends on it very much and the biggest economic forces such as China or USA are demand huge amounts of of this metal. These countries are also the ones that import the most of iron by percentage: 94% of the whole

21 Countries with the Purest Tap Water in the World

Water is one of the most precious elements and one of the basic things in the world and all living creatures depend on it. Apart from the Sun energy, water is the most important source we have on our planet. Even though it is fairly well known fact, huge amount of water resources are nowadays

Transocean LTD (RIG) Hit Large By Oil Prices Slump, Moody’s Expect $9.1 Billion Debt to Curve Out As Junk

The New Year hasn’t brought any good news for Transocean LTD (NYSE:RIG) as the oil drilling company is losing its share value aggressively. The $9.1 billion debt of the company might reach a junk status without any improvement in crude oil prices, says Moody’s Investor Service. The shares of the owner of the world’s largest

Chevron Corporation (CVX) Halts Canadian Arctic Oil Project Amidst Price Slump

Chevron Corporation (NYSE:CVX) has signified its intention to indefinitely halt its previous plans of drilling oil in the Canadian Arctic’s Beaufort Sea, citing “economic uncertainty in the industry” in a letter submitted on Wednesday to Canada’s National Energy Board. A  number of companies have announced budget cuts for 2015 even as oil prices have continued

Petroleo Brasileiro Petrobras SA (PBR) Risks Losing International Bond Funding Due to Corruption

Petroleo Brasileiro Petrobras SA (NYSE:PBR), the state controlled oil company of Brazil,  is facing the risk of being left out of the capital markets even as the corruption probe currently besetting the company reveals that it is deeply entrenched in a wide corruption scandal. Reuters reports that an early repayment of bonds amounting to $11

Tesla Motors Inc (TSLA)’s $5 Billion Gigafactory Poses Threat To Traditional Utility Business

The electric carmaker, Tesla Motors Inc (NASDAQ:TSLA), announced a $5 billion Gigafactory for the production of batteries in September 2014 and it is certainly one of the biggest of its kind. However, the Gigafactory, helping in lowering electric car costs, is scaring the biggest names in the utility industry. The electric car manufacturer has started

Exxon Mobil Corporation (XOM) Presents a Picture of Confidence

In the face of uncertainty over prices in the oil sector triggered by OPEC’s announcement of maintaining production targets, Exxon Mobil Corporation (NYSE:XOM) expressed confidence in being able to withstand the volatility even if prices plunged to as low as $40 per barrel. During his interview with CNBC, CEO of this oil-and-natural gas giant, Rex

Chesapeake Energy Corporation (CHK) Facing Legal Defeat Over Early Bond Redemption Dispute

Chesapeake Energy Corporation (NYSE:CHK) has lost legal battle for redeeming notes worth $1.3 billion earlier than the maturity date. The opposition, Bank of New York Mellon Corp, has gained support from the court as well as other investment firms. The 2nd U.S. Circuit Court of Appeals in New York revoked earlier ruling that agreed with