The Biggest Problem Behind The US Shale Boom
U.S. shale production is expected to continue to soar well into the 2020s. And that is a major problem. Over the past decade, U.S. oil production has more than doubled, Continue Reading
Trump-California rift widens as auto emissions talks fail
U.S. federal officials have decided to end negotiations with California over the Trump administration’s plans to roll back fuel economy rules designed to reduce greenhouse gas emissions, a government official Continue Reading
The Ultimate Tool To Prop Up Oil Prices
In the late sixties, an economic debate began between East Coast economics departments (saltwater universities) and midwestern colleges (freshwater universities). Milton Friedman, the spokesperson for the freshwater universities, made the Continue Reading
The World’s Largest Battery To Power The Permian
Borden County, Texas, is set to become the home of the world’s largest battery storage system in 2021. IP Juno, a unit of Intersect Power LLC, has recently outlined plans Continue Reading
Revealed: How the Tobacco and Fossil Fuel Industries Fund Disinformation Campaigns Around the World
Fossil fuel companies have a long history of adopting public relations strategies straight from the tobacco industry’s playbook. But a new analysis shows the two industries’ relationship goes much deeper Continue Reading
Are we on the road to civilisation collapse?
Great civilizations are not murdered. Instead, they take their own lives. This article is part of a new BBC Future series about the long view of humanity, which aims to Continue Reading
New Sanctions Threat Puts Russian Energy Sector On Edge
Ongoing tensions between the U.S. and Russia continue to unfold, even as allegations of President Trump’s involvement in Russian meddling in the 2016 presidential election looks like it will finally Continue Reading
Russia’s Gazprom Neft expects oil output to rise 2 percent in 2019
Russian oil producer Gazprom Neft expects its oil output to rise by 2 percent in 2019, First Deputy Chief Executive Vadim Yakovlev said in Gazprom’s in-house magazine published on Thursday. Continue Reading
Record amount of new wind capacity financed in Europe last year: industry
The amount of future new wind capacity in Europe financed last year rose to a record high, industry group WindEurope said on Thursday, as falling costs and increased competition made Continue Reading
European wind power capacity additions in 2018 drop to lowest since 2011: WindEurope
Wind power capacity additions in Europe fell in 2018 to their lowest level since 2011, according to a report Thursday from industry group WindEurope. “Europe installed 11.7 GW (10.1 GW Continue Reading
Crude futures stable to lower on US unconventional output growth forecast for March
Crude oil futures were stable to lower during mid-morning trade in Asia Wednesday after the Energy Information Administration forecast a rise in US unconventional oil production in March. Expectations of Continue Reading
Oil dips below 2019 highs as surging U.S. supply counters OPEC cuts
Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Continue Reading
Oil Prices Nearing Breakout Levels
OPEC+ cuts, supply disruptions and an easing of trade tensions between the U.S. and China has boosted crude oil to a three-month high. Bank of America Merrill Lynch says that Continue Reading
A Worrying Trend For International Oil Giants
International ratings agency Fitch has awarded the Abu Dhabi National Oil Company (ADNOC) a stand-alone credit rating of AA+. This rating is evidence of ADNOC’s ongoing transformation from a traditional Continue Reading
Despite sanctions, Iran’s oil exports rise in early 2019: sources
Iran’s exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have Continue Reading
Iran’s Oil Exports Higher Than Expected In January, February
Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s Continue Reading
Will The U.S. Actively Pursue Regime Change In Iran?
While all eyes are on the unfolding crisis in Venezuela, the Trump administration is laying the ground work for its next target: Iran. The greatest source of pressure has come Continue Reading
Kurdistan government formation deal stalls
The Kurdistan region’s two leading political parties have stumbled in their efforts to implement an agreement to form a new government in Erbil and elect a new governor of Kirkuk. Continue Reading
Coal going from winner to loser in India’s energy future: Russell
India’s demand for electricity is expected to double in the next two decades, and coal has been long forecast to be the fuel of choice for power generation. But this Continue Reading
Trump Eases Off Hard Deadline for China Tariffs
That deadline to complete talks with Beijing is “not a magical date,” he told reporters Tuesday, as midlevel U.S. and Chinese negotiators started this week’s trade meetings. Cabinet-level officials will Continue Reading
New Oil Discovery Could Spur China’s Shale Boom
A PetroChina test oil well at a shale field in western China could finally mean a strong commercial potential for shale oil for the first time in the world’s top crude importer, Continue Reading
U.S. shale oil output to hit record 8.4 million bpd in March: EIA
U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day (bpd) in March to a record of about 8.4 million bpd, the U.S. Energy Continue Reading
The Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Amazon To Invest In Electric Pickups, SUVs
Amazon.com, Inc., just added electric trucks and SUVs to its broad investment portfolio. Electric truck and SUV startup Rivian just announced that its $700 million funding round is being led Continue Reading
The 30 Most Exciting Wildcat Plays Of 2019
After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according Continue Reading
Devon Energy beats production estimates in fourth quarter
Oil and gas producer Devon Energy Corp beat quarterly production estimates on Tuesday on the strength of its U.S. shale assets and forecast a strong year ahead, sending its shares Continue Reading
U.S. Nuclear Has A Tough Road Ahead
The United States nuclear industry is in a tough spot. It’s unpopular with the public due to high-profile disasters like 1979’s Three Mile Island meltdown, and its bottom line has Continue Reading
Cheaper Natural Gas Is Coming To Europe
The European Union recently updated its gas pipeline rules in a bid to assuage concerns about its deepening dependence on Russian gas. The move was generally praised by Nord Stream Continue Reading
Where Will Putin Build His Next Gas Pipeline?
Russian gas giant Gazprom has invested billions in extending and diversifying its pipeline infrastructure to Europe through Turk Stream and Nord Stream 2. Both projects are part of Moscow’s vision Continue Reading
Crude oil futures mixed on output flows and bearish China data
Crude oil futures were mixed during mid-morning trade in Asia Tuesday as markets digested bullish reports on Saudi crude exports and bearish reports on China demand data. At 10:35 am Singapore Continue Reading
Oil hovers below 2019 highs on OPEC cuts, trade talks in focus
Oil stayed within sight of its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts although concern about slowing economic growth that would curb demand Continue Reading
Bank Of America: Oil ‘Anchored’ Until 2024
Brent oil prices should trade between a relatively narrow range of $50 to $70 per barrel through 2024, with prices “anchored” around $60, according to a new report from Bank Continue Reading
Why The Oil Rally Isn’t Over Yet
Crude oil sentiment is shifting in a bullish direction, with OPEC+ cuts and a growing list of serious outages taking supply off of the market. Saudi Arabia recently signaled that Continue Reading
Does Saudi Arabia Really Have As Much Oil As Analysts Think?
Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. But, a lot of this oil is extra-heavy crude oil, and may not be Continue Reading
Saudis Started Slashing Crude Oil Exports In December
Saudi Arabia’s crude oil exports plunged by nearly 550,000 bpd to 7.687 million bpd in December 2019, down from a two-year high in November, as the Kingdom started to limit supply after Continue Reading
Iran Says It’s Now Self-Sufficient In Gasoline
Iran has launched the third phase of a new refinery, making the country self-sufficient in gasoline production, Iranian Oil Minister Bijan Zangeneh said on Monday. At the opening ceremony of Continue Reading
Nigeria’s Biggest Indian Oil Buyer Signs First Deal for U.S. Oil
State-owned Indian Oil Corp (IOC) has signed its first annual deal to buy US oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 Continue Reading
Saudi Arabia Boosts Pakistan Energy Relations With $20 Billion Pledge
Amid increasing tensions between longtime regional antagonists India and Pakistan, Saudi Arabia’s Crown Prince Mohammed bin Salman (MbS) pledged $20 billion to Pakistan on his trip to Islamabad on Sunday. Continue Reading
Kenya says crude oil capacity insufficient for refinery
Crude oil deposits discovered in Kenya are insufficient to justify construction of a refinery, a senior petroleum ministry official said on Tuesday. Kenya discovered commercial oil in 2012 in its Lokichar Continue Reading
Indian state to move planned Saudi Aramco refinery after farmers protest
Opposition from farmers has prompted India’s western state of Maharashtra to move the location for what would be the country’s biggest oil refinery, Chief Minister Devendra Fadnavis said. Stare-run oil companies Continue Reading
Trump Delivers Blunt Warning to Venezuela Military Over Aid Impasse
President Trump on Monday delivered his sharpest warning yet to Venezuela’s military authorities in an increasingly tense showdown over that country’s crisis, proclaiming they would “lose everything” by remaining loyal Continue Reading
U.S.-China Trade Deal Could Boost Gasoline Prices
After months of persistent concerns that global economy will suffer from a heated U.S.-China trade war, leading to lower oil demand growth in the world, renewed hopes that an agreement Continue Reading
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line
The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s Continue Reading
As More Electric Cars Arrive, What’s The Future For Gas-Powered Engines?
Most American automobiles are powered by internal combustion engines: Gas or diesel goes in, tiny explosions power pistons and turn a crankshaft, the car moves forward, and carbon dioxide goes Continue Reading
A Real Tube Carrying Dreams of 600-M.P.H. Transit
California just decided to sharply scale back its plans for a high-speed rail artery meant to transform travel up and down the state. But in the desert outside Las Vegas, the transportation Continue Reading
Europe feels strain from tighter sour crude oil market
European refiners are feeling the pinch from purchasing sour crude grades at higher prices, hurting already weakening refining margins as US sanctions upend traditional trade flows into the region. Refineries Continue Reading
Oil Majors Double Down On Battery Investment
Last week, Shell became the latest supermajor to make a big bet on battery storage with the announced acquisition of German energy storage startup Sonnen. Sonnen focuses specifically on household Continue Reading
Scientists Develop Wave Energy Device That Generates Low-Cost Electricity
Engineers from Scotland and Italy have developed a new wave energy technology that could generate low-cost electricity for thousands of homes. Engineers from the University of Edinburgh and from several Continue Reading
Europe set for warmer than usual temperatures in Mar-May:
London — Almost all of Europe is set for warmer than normal temperatures through March, April and into May, the Weather Company said in its latest medium-range forecast Tuesday. Receive Continue Reading
Bye Aerospace’s Sun Flyer 2 completes first flight with Siemens electric propulsion motor
Bye Aerospace’s electric Sun Flyer 2 successfully completed the first official flight test with a Siemens electric propulsion motor 8 February at Centennial Airport, south of Denver, Colo. The Sun Continue Reading