BMW is seeking alternative cooling technologies for vehicle batteries to further improve peak cooling capacity during fast charging while reducing cooling components’ vibration and noise emission. Solutions that meet the Continue Reading
Oil market sentiment has swung from bearish to bullish in the last few days as tailwinds for the commodity strengthen. A string of updates from OPEC and Venezuela, along with Continue Reading
Brent crude oil eased on Monday, but remained on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC’s supply cuts will Continue Reading
The oil industry is no stranger to environmental discussions. Its long-term forecasts have focused for years on how global warming and the rise of electric vehicles may reduce the world’s Continue Reading
Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS 2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, Continue Reading
The Arabian Peninsula has, for most of its existence, not been of significant strategic value. The region is mostly dry and, until recently, didn’t produce much the world needed. Saudi Continue Reading
Venezuela’s opposition has no plans to use funds belonging to U.S. refiner Citgo, which is owned by state oil company PDVSA, despite having named a new board for the company Continue Reading
US economists led by former US Federal Reserve chair Janet Yellen are uniting in record numbers to back the idea of a carbon tax as the most effective and immediate Continue Reading
California, which has ambitious targets to cut its carbon footprint and boost renewable energy use, is a U.S. leader in the construction of zero net energy buildings—homes that produce as Continue Reading
Oil and gas companies that have pursued production or reserve growth have underperformed companies that have instead focused on shareholder returns, even if that meant slower growth. More to the Continue Reading
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
A Canadian National Railway Co train derailed early on Saturday in Western Canada, leaking an undetermined volume of crude oil, the company said. Thirty-seven tank cars derailed near St-Lazare, Manitoba. Continue Reading
Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under Continue Reading
Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under Continue Reading
Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia’s offshore oilfield boosted expectations for tightening supply while progressing U.S.-Sino Continue Reading
Unplanned work at Phillips 66’s Bayway, New Jersey, refinery and further sanctions on Venezuela’s oil sector helped rally the oil complex Friday. NYMEX March RBOB settled 6.44 cents higher at Continue Reading
Oil prices headed higher on Friday for the fifth day in a row as fears related to U.S.-China trade talks subsided and production cuts continued to make headlines. Oil posted Continue Reading
Oil majors increasingly are trying their hand at being alternative-energy minors. Royal Dutch Shell Plc, which traces its roots back to the late 19th century, just bought Greenlots, a California Continue Reading
Even as oil-producing states in OPEC and beyond begin implementing the output cuts they agreed in December, the world’s need for their crude is shrinking further, suggesting that they will Continue Reading
The Safaniyah oil field in Saudi Arabia—the world’s largest—is producing at a reduced capacity after a ship’s anchor cut a main power cable, Reuters reports citing a knowledgeable source. An Continue Reading
ABUJA (Reuters) – Politicians and voters across Nigeria expressed dismay and disappointment on Saturday after a national election was postponed hours before polls were due to open, with one opposition Continue Reading
The United States ratcheted up pressure on Venezuelan President Nicolas Maduro on Friday by sanctioning some of his top security officials and the head of the state oil company, and Continue Reading
A Citgo Petroleum Corp refining unit in Aruba plans to dismiss workers following sanctions imposed by the United States on Venezuela’s state-run PDVSA, the parent company of the U.S. refining Continue Reading
Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U.S. sanctions on the OPEC nation’s energy sector, a source with direct knowledge of the matter Continue Reading
Due to the U.S. sanctions on Venezuela’s oil industry and state firm PDVSA, one of the world’s largest commodity traders, Trafigura, has decided to halt its oil trade with Venezuela, Continue Reading
Litasco, the international trading arm of Russia’s second-biggest oil producer Lukoil, stopped its oil swaps deals with Venezuela immediately after the U.S. imposed sanctions on Venezuela’s oil industry and state Continue Reading
Chinese scientists have revealed plans to build and launch in orbit a space solar station that could capture the Sun’s rays 24/7, Chinese media report. China has already started to Continue Reading
The US Department of the Treasury on Friday added Venezuelan oil minister Manuel Quevedo to its list of sanctioned individuals blocked from the US financial system, calling him the “illegitimate” Continue Reading
Mexico will inject $3.6 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the Continue Reading
U.S. energy firms this week increased the number of oil rigs operating for a second week in a row amid concerns that crude supplies will swamp global demand as U.S. Continue Reading
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
Autonomous vehicles relying on light-based image sensors often struggle to see through conditions such as fog. MIT researchers have now developed a sub-terahertz-radiation receiving system that could help steer driverless Continue Reading
The US added a net total of two rigs this week. The United States added three oil rigs and dropped one gas rig for a net gain of two rigs Continue Reading
India’s largest LNG importer might join Driftwood. Petronet LNG Limited INDIA (PLL) may invest in Tellurian Inc.’s proposed Driftwood LNG liquefaction and export facility near Lake Charles, La., Tellurian reported Continue Reading
The US Department of Energy (DOE) has launched its first lithium-ion battery recycling center, called the ReCell Center . Recycled materials from lithium-ion batteries can be reused in new batteries, Continue Reading
Southern California Gas Co. (SoCalGas) and biogas producer Calgren Dairy Fuels announced that renewable natural gas produced at Calgren’s dairy digester facility in Pixley, California is being injected into SoCalGas Continue Reading
A French wind power tender has attracted interest from a slew of international energy heavyweights, signaling that France’s offshore wind industry could finally be taking off after years of missteps. Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Friday amid an expected draw reported in US oil rig data while signs of continued compliance between OPEC producers and Continue Reading
Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged Continue Reading
Oil prices edged higher on Thursday and Brent hit the highest level this year, but gains were capped after the steepest decline in U.S. retail spending since 2009 heightened investor Continue Reading
Goldman Sachs thinks Saudi Arabia is leading oil cartel Opec in a policy of “shock and awe,” making bigger than expected supply cuts in an effort to lift pnces. Khalid Continue Reading
Three months into his tenure, Oil Minister Thamir Ghadhban has reshuffled his senior staff – his first major initiative to put his imprint on the structure of the ministry. In Continue Reading
Undeterred by the prospect of peak oil demand, Saudi Arabia is betting its long-term future on oil. Not only is Saudi Arabia pouring investment into lifting oil production capacity at Continue Reading
It is genuinely difficult to predict what the Iran conundrum would lead to in the end, however, the current setup appears to be a very sophisticated collision course. Quite remarkably, Continue Reading
Iraq’s autonomous Kurdistan Regional Government (KRG) issued an order Thursday to end all oil and refined product exports to Iran immediately. The directive will stop the flow of hundreds of Continue Reading
Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. In reality, a lot of this oil is extra-heavy crude oil, and may not Continue Reading
The Nigerian Navy (NN) says it has destroyed no fewer than 637 illegal refineries in the Niger Delta in 2018, through “Operation River Sweep”. The Chief of Naval Staff, Ibok-Ete Ibas, Continue Reading
The Niger Delta Avengers (NDA)—the militant group responsible for most of the attacks on Nigeria’s oil infrastructure in 2016— resurfaced days before the Nigerian presidential elections this weekend, saying that Continue Reading
Shell Nigeria Exploration and Production Company (SNEPCo) has announced the release of Invitation to Tender (ITT) to contractors for the development of the Bonga South West Aparo (BSWA) oil field. Continue Reading
Venezuela’s president Nicolas Maduro has declared that the country will increase its crude oil production by 1 million bpd along with production increases in other commodity sectors, TASS reports , Continue Reading
