The Future of Batteries and Electric Vehicles
Electric cars have been on the horizon for years now, but what will it actually take for a majority of the world’s vehicles to be powered by batteries instead of Continue Reading
How water shortages threaten jobs and growth
An estimated three out of four jobs globally are dependent on water, meaning that shortages and lack of access are likely to limit economic growth in the coming decades, the Continue Reading
Michael Lynch: Threat To Value Of Fossil Fuel Resources Misplaced
My friend and colleague Marianne Kah, the chief economist at ConocoPhillips spoke recently about the perception that energy companies would find their reserves had lost their value, since climate change Continue Reading
Oil prices swept lower after Brussels blasts spook investors
Oil prices fell on Tuesday, swept lower by investor nervousness after deadly blasts in Brussels prompted a flight towards so-called safe-haven assets such as gold. As many as 13 people Continue Reading
Oil Prices Rise Late in Trading
Oil prices rose Monday after a quiet session trading little changed, as investors focused on the persistent supply glut that has weighed on the market. The U.S. oil benchmark for Continue Reading
Crude oil falls for second day as U.S. rig count rises
A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. Crude oil slid for a second session on Monday, down Continue Reading
Natural Gas Falls as Late Winter Cold Falls Short
Natural gas futures slumped Monday as bullish traders closed out positions and took profits from the recent rally that has come in the face of weakening supply-and-demand conditions. Natural gas Continue Reading
`Missing Barrels’ Don’t Explain Oil Rally, Says Morgan Stanley
The 800,000 barrels a day of crude production unaccounted for in the International Energy Agency’s estimates of oil supply and demand for last year are a “poor explanation” for the Continue Reading
OPEC Official Says Some Members May Not Attend Doha Freeze Meeting
Some members of the Organization of the Petroleum Exporting Countries may not attend a meeting in Qatar next month at which oil producers plan to discuss a global pact to Continue Reading
OPEC’s Badri hopes for positive producer meeting in April, says Iran could join group later
Iran may join other oil producers planning to freeze production to support prices at a later date, OPEC’s secretary general said on Monday, since the country is seeking to raise Continue Reading
Saudi Aramco Sees Oil Rising as Demand Catches Up With Supply
Oil prices will increase by the end of this year but won’t rebound to levels reached in 2013 and 2014, according to Amin H. Nasser, president and chief executive officer Continue Reading
Algeria: Following Attack, Oil Companies Pull Back
Two foreign oil companies pledged to reduce or pull out staff completely at two Algerian natural gas plants following a March 18 attack by militants on the Ain Amenas natural Continue Reading
BP, Statoil to withdraw staff from Algerian plants after attack
A view of a Krechba gas treatment plant, about 1200 km (746 miles) south of Algiers, December 14, 2008. BP and Norway’s Statoil will withdraw staff from two gas plants Continue Reading
Brazil’s Petrobras Hit by Lower Oil Prices
Brazil’s troubled state-run oil company, Petróleo Brasileiro SA, reported its biggest quarterly loss ever Monday after lower oil prices and higher borrowing costs forced it to write off 49.75 billion Continue Reading
PDVSA to receive U.S. crude cargo from PetroChina: traders
Venezuela’s state-oil firm PDVSA has bought a 500,000-barrel cargo of U.S. crude from trading company PetroChina for delivery April 1-10 at its terminal in the Caribbean island of Curacao, traders Continue Reading
China’s Big Oil Might Do Something Rare: Write Down Assets
PetroChina Co., the country’s biggest oil and gas producer, and China’s largest offshore explorer Cnooc Ltd., may write down assets following crude’s plunge, analysts say. Analysts from Macquarie Capital Securities Continue Reading
Dreaded ‘stealth’ supply becomes reality as U.S. drillers turn on ‘ducks’
A pump jack stands idle in Dewitt County, Texas January 13, 2016. A dreaded scenario for U.S. oil bulls might just be becoming a reality. Some U.S. shale oil producers, Continue Reading
U.S. on track for record summer gasoline demand: Kemp
The United States will probably consume a record amount of gasoline in 2016, passing the previous peak set in 2007, and the prospect is helping lift crude oil prices. Recent Continue Reading
North Dakota rig count remains steady
As crude oil prices hold relatively stable, North Dakota, the No. 2 oil producer in the nation, saw its rig count hold steady from last week, state data show. The Continue Reading
New Market for U.S. Shale Gas Opens in Europe
Swiss petrochemicals giant Ineos Group Holdings SA plans to accept the first American shipment of a type of shale gas to Europe on Wednesday—a milestone that marks the opening up Continue Reading
Amid a Graying Fleet of Nuclear Plants, a Hunt for Solutions
The H.B. Robinson nuclear power plant, about 70 miles from Columbia, S.C., has been producing electricity with few interruptions since the Nixon administration. But as of now, its fate is Continue Reading
Schlumberger Expects 1Q Revenue To Fall 15% From 4Q
Schlumberger Ltd, the world’s largest oilfield services provider, said revenue in the current quarter is expected to fall 15 percent from the fourth, as spending cuts by oil producers take Continue Reading
23 percent increase in earthquakes
The total number of earthquakes across Oklahoma has increased 23 percent from this time last year, though most of the quakes are very small according to USGS data. Oklahoma started Continue Reading
Ride to the Bottom: U.S. energy workers hit hard by company stock bets
An electronic display identifies the post that trades SandRidge Energy stock on the floor of the New York Stock Exchange January 11, 2013. Nearly 15 years since Enron’s collapse decimated Continue Reading
Rosneft’s $25 billion debt seen rising after Essar deal: Moody’s
The logo of the Russian state oil company Rosneft is pictured behind a pipe at the Samotlor oil field outside the West Siberian city of Nizhnevartovsk, Russia, January 26, 2016. Continue Reading
Russian Poverty Jumps to Most in Decade as Consumer Plight Eases
Russia’s biggest drop in domestic demand under President Vladimir Putin eased further, marking a respite after millions sank into poverty in 2015 as the country’s economy headed for its second Continue Reading
Statoil testing battery storage for wind energy
Norwegian energy company Statoil said it started a pilot project for battery storage of energy generated from wind at a project off the coast of Scotland. Dubbed Batwind, the company Continue Reading
‘Game-Changing’ Horse Hill-1 Well Produces ‘North Sea-like’ Oil Flows
UK Oil & Gas Investments plc announced Monday that the final production test at the Horse Hill-1 discovery, onshore the UK’s Weald Basin, flowed oil at a stable rate of Continue Reading
It’s Not Peak Oil, It’s Peak Affordable Oil
Lately there has been some suggestion that “Peak Oil is dead” — that because of the recent drop in demand and price for oil, we will never again see high Continue Reading
Oil Drops a Second Day as U.S. Rig Count Decline Halts Amid Glut
Oil fell for a second day, extending declines from a three-month high, as the number of drill rigs active in the U.S. rose for the first time in three months Continue Reading
Crude oil falls for second day as U.S. rig count rises
Crude oil slid for a second session on Monday, down more than 1 percent from last week’s 2016 highs on concerns over a supply glut after the U.S rig count Continue Reading
Speculators Most Bullish on Oil Since June as Output Talks Loom
An oil worker passes stores of pipe drilling sections in the village of Otrada, Russia. Speculators became the most bullish on oil since June as a meeting of major producers Continue Reading
Why the Global Oil Glut Might Not Fill Swimming Pools After All
One of the warning lights that there’s too much oil around is no longer flashing, adding to signs that global crude markets are finally on the mend. Just a month Continue Reading
Saudi Arabia Won’t Let Oil Prices Stay Over $40
Saudi Arabia faces a stark choice: either let markets crush American frackers or watch American frackers crush markets. After testing the upper twenties for a couple times, oil prices have Continue Reading
Kenyan President Hosts Ugandan Leader for Talks on Oil Pipeline
Kenyan President Uhuru Kenyatta hosts his Ugandan counterpart Yoweri Museveni in the capital, Nairobi, on Monday for talks on a proposed pipeline to ferry crude from oilfields being developed by Continue Reading
CCM: slowdown in China Li-ion unit output growth signals shift in market structure toward new energy vehicle applications
In 2015, China’s total output of Li-ion batteries increased by 3.13% year-on-year (YoY)—a significant slowdown in the output growth rate from the prior 5 years, according to the National Bureau Continue Reading
Chevron Ships First LNG From Gorgon Project Off Australia
Chevron Corp. has shipped its first cargo of liquefied natural gas from its new multibillion-dollar plant off Australia’s west coast to a customer in Japan, the U.S. energy company said Continue Reading
Dreaded ‘stealth’ supply becomes reality as U.S. drillers turn on ‘ducks’
A dreaded scenario for U.S. oil bulls might just be becoming a reality. Some U.S. shale oil producers, including Oasis Petroleum and Pioneer Natural Resources Co, are activating drilled but Continue Reading
Peak Oil Returns: Why Demand Will Likely Peak By 2030
Think Progress has a post on the “peak oil demand” theory that seems to have come into vogue to replace traditional peak oil theory based on supply depletion – Peak Continue Reading
Peak Oil Revisited: Did I get anything right?
In 2014 I wrote on the arrival of peak oil. That now appears at best premature. So what did I get wrong, and what (if anything) did I get right? Continue Reading
China Diesel Exports May Rebound Further on Oil Price Rally
Shipments in February rose 8.6% from lowest level in 5 months China’s diesel exports may be climbing further after rebounding from a five-month low as rising global crude prices make Continue Reading
Oil Rally Ends as Number of U.S. Drilling Rigs Rises
The rally in the oil market came to a halt Friday after new data showed U.S. oil producers increased the number of rigs drilling for oil–by one–raising worries that the Continue Reading
Oil Holds Near $40 on Weaker Dollar, Falling U.S. Production
Oil held near $40 a barrel after the dollar headed for a third week of losses amid signs central banks will continue to provide stimulus, and as U.S. output dropped Continue Reading
Oil hits 2016 high on output-freeze hopes, set for longest winning streak for a year
U.S. oil futures touched new highs for 2016 on Friday and were set to post gains for a fifth straight week on growing optimism that major producers would strike a Continue Reading
IEA warns consumers of spike in oil prices
The International Energy Agency (IEA) is warning consumers not to let cheap oil lull them into a false sense of security amid forecasts of a price spike by 2021. In Continue Reading
Major Production Projects Start Up Around The World
Oil and gas production projects get underway in Europe, Asia, the Middle East and Africa. Production start-ups have occurred all over the globe within the first few months of this Continue Reading
DNO optimistic about future in Iraq
Iraqi-focused energy company DNO said its full-year 2015 revenues were down sharply, though its reserve estimate from the region was up 20 percent. DNO, which focuses on reserve basins in Continue Reading
Exclusive: After Motiva split, Saudi Aramco aims to buy more U.S. refineries – sources
Saudi Arabia’s national oil company wants to buy more U.S. refining and chemical plants to expand its footprint in the world’s largest energy market once the break-up of its joint Continue Reading
Statoil gas facility in Algeria hit by explosive
Norwegian energy company Statoil said it was dispatching an emergency response team to Algeria following an explosion at one of its gas assets in the country. The company said its Continue Reading
Yemen war: Saudi coalition ‘causing most civilian casualties’
Image caption Thousands of civilians have been killed or injured in the conflict The UN human rights chief has accused the Saudi-led coalition of causing twice as many civilian casualties Continue Reading