President Donald Trump’s decision Thursday to name John R. Bolton as his new national security adviser greatly increased the likelihood of a US exit from the Iran nuclear deal next Continue Reading
U.S. Energy Information Administration, based on U.S. Bureau of the Census Overall electricity use in U.S. manufacturing has declined in recent years, based on data from the U.S. Census Bureau Continue Reading
A team at the University of Waterloo has developed a novel variable valve actuation (VVA) system, optimized to pursue minimum energy consumption and minimum sensitivity of the valve lift to Continue Reading
Baker Hughes reported another 5-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 995, which is Continue Reading
A dozen miles off the coast, on a rusty, aging platform, workers in hard hats and overalls spend their days extracting oil and gas from the ocean floor before retreating Continue Reading
Moving U.S. energy supplies into Eastern Europe is one of the more powerful ways to contain Russian influence, the U.S. energy secretary said. Addressing questions from Sen. Richard Blumenthal, D-Conn., Continue Reading
Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration Continue Reading
The winners in the global energy sector will be the companies that embrace both low-carbon and low-cost opportunities, Norwegian major Statoil said. The Norwegian company published its annual sustainability report Continue Reading
If U.S. oil production continues to boom at the current pace, OPEC and Russia should extend their production cut pact into 2020, Leonid Fedun, the vice president of Russia’s second-largest Continue Reading
Benchmark British wholesale gas prices will stay elevated for the rest of 2018, as operators across Europe race to replenish inventories that have plunged to their lowest in at least Continue Reading
Oil prices rose by around 1 percent on Friday, pushed up by Saudi plans for OPEC and Russian-led production curbs introduced in 2017 to be extended into 2019 to further Continue Reading
Crude oil prices retraced their steps following a major rally that extended over two consecutive trading days. Crude oil prices retraced steps Thursday after two consecutive days of gains as Continue Reading
Oil prices fell on Thursday as investors took profits after this week’s rally and as U.S. stock markets fell, but losses were limited by the continuing efforts of OPEC and Continue Reading
The views expressed are his own.) Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. Brent calendar spreads have risen significantly over the last week, erasing an Continue Reading
The trend indicates that global efforts to reduce emissions are “insufficient,” according to a new report from the International Energy Agency. Total energy-related emissions jumped by 1.4 percent to 32.5 Continue Reading
On World Water Day, March 22, universal access to clean water continues to be a privilege, when it should be a right. Experts predict that by 2030 the global water Continue Reading
Though renewable forms of energy outpaced all others, fossil fuels accounted for more than 70 percent of the global demand growth last year, the IEA said. The International Energy Agency Continue Reading
After three flat years that had hinted at a possible environmental breakthrough, carbon dioxide emissions from the use of energy rose again by 1.4 percent in 2017, according to new data released Continue Reading
Saudi Arabia may still move forward with an initial public offering (IPO) for oil company Saudi Aramco on an international exchange such as London or New York in the second Continue Reading
Three months ahead of Royal Dutch Shell’s scheduled departure as operator of the Majnoon oil field, Iraq has signed two stopgap contracts with international companies to manage the project. U.S.-based Continue Reading
Warri — Department of State Service, DSS, has called on Nigerians not to panic over reported threat by some groups under the aegis of Niger Delta Avengers to wreak havoc Continue Reading
Sara Meza is just the kind of voter Venezuela’s opposition could once count on at the ballot box. A 32-year-old teacher, she’s fed up with President Nicolás Maduro’s government. Her Continue Reading
The Trump administration’s efforts to jump-start offshore exploration got off to a weak start as a big auction of oil and gas leases in the Gulf of Mexico drew few Continue Reading
Shale oil skeptics claim that the global crude supply is turning alarmingly light due to the growth of shale production. The world is facing acute shortages of heavy and medium Continue Reading
President calls for levies on $50 billion of Chinese imports Dow drops more than 700 points, biggest plunge in six weeks President Donald Trump took the biggest economic gamble of Continue Reading
China’s crude oil futures, to be launched on Monday, will be a major step in Beijing’s years-long push to win greater sway over oil pricing, but for western traders, it Continue Reading
Australia is doubling down on its solar push, striving to make renewable power generation available to everyone, including renters. That’s right – there are companies specifically targeting solar power for Continue Reading
Beijing issued temporary license plates for Baidu’s self-driving vehicles for public road testing on Thursday. The capital has opened 33 roads of a total length of 105 kilometers for autonomous Continue Reading
Russian natural gas giant Gazprom said that gas from its Siberia fields could start moving through pipelines to China within the next five years. The disclosure came as Gazprom representatives Continue Reading
Weekly US coal production totaled an estimated 15.21 million st in the week ended March 17, up 2.7% from the prior week and up 8.6% from the year-ago week, US Continue Reading
The Trump administration announced a suite of tariffs that could affect $60 billion worth of Chinese products, a move intended to step up pressure on what the administration argues is Continue Reading
A Chevron attorney said in court on Wednesday that the company supports scientific conclusions that humans are causing climate change, a response to a lawsuit that accuses five major energy Continue Reading
Canada’s Cenovus Energy is curtailing oil sands production to cut losses spurred by the continued lack of market access and deep crude price discounts, the company said Thursday. * Husky Continue Reading
Well, it happened again. 2017 was another down year for the US electric utility industry–despite a reasonably robust economy and increasing population. The 2.1 percent drop was bigger than usual. Continue Reading
Tesla CEO Elon Musk is facing a series of headache-inducing calamities as he pushes to transform the electric carmaker from niche player to mass-market manufacturer with the Tesla Model 3. Continue Reading
The problem with centralized power grids is that they can be crippled at just one point of failure, leaving consumers vulnerable to outages. According to Mark Feasel of Schneider Electric, Continue Reading
Following its initial public offering on the London exchange, Greek energy company Energean said it was making a $1.6 billion investment in gas offshore Israel. Energean said it was using Continue Reading
The number of electric vehicles registered by Norwegian drivers has increased by more than 40 percent from the previous year, the government said. Statistics Norway, the government’s record-keeping agency, reported Continue Reading
In 2016 the Dutch gas market achieved a major milestone when the TTF natural gas hub became the benchmark for European gas , taking the lead from the British NGC. Continue Reading
Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine efforts led by producer cartel OPEC to tighten the market. Brent crude futures Continue Reading
Questions about what the U.S. president will do with oil-related sanctions on Iran and a drop in U.S. crude oil inventories sent oil prices higher on Wednesday. “A lot of Continue Reading
Oil hit a six-week high on Wednesday, closing in on a 3-year peak set in late January, on a surprise decline in U.S. inventories, strong compliance on OPEC production cuts, Continue Reading
The world’s largest independent oil trader, Vitol, is looking to secure long-term deals with some of the biggest oil-producing countries in the Middle East, in what has become a challenging Continue Reading
The number of older VLCCs sent for scrap so far this year has been “somewhat astounding”, Clarkson Research states in its latest weekly report. Fellow broker Gibson reports that 15 Continue Reading
The world’s oil supermajors and largest oil trading companies are not in agreement on the future trends in oil demand, a recent event has revealed. This, although normal, should serve Continue Reading
Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast, a joint OPEC and the non-OPEC committee said, Continue Reading
A fractured political landscape is creating economic headwinds for oil-rich Libya, Human Rights Watch said. File photo by cherezoff/Shutterstock March 21 (UPI) — Oil-rich Libya is risking economic opportunities with Continue Reading
In February, Noble Energy and its partners reached an agreement with the Egyptian company Dolphinus Holdings to sell gas from offshore Israel to Egypt, a deal that could jumpstart a Continue Reading
The global oil market is close to regaining stability, Saudi Arabia’s Crown Prince Mohammed said at a meeting with President Trump at the White House ahead of bilateral talks on Continue Reading
Iran has drastically cut its gasoline imports in recent weeks as it started the second phase of an oil refinery, moving closer to reaching gasoline independence, Reuters reported on Wednesday, Continue Reading
