The very low natural gas prices in the Permian are dragging down exploration and production (E&P) investment returns in the most prolific U.S. shale oil basin, Moody’s Investors Service said Continue Reading
The number of active oil and gas producing companies in Western Canada declined by nearly 17.5 percent between December 2014, when oil prices were already crashing, and December 2018, a Continue Reading
Shell has sold its 22.45-percent interest in the Anadarko-operated Caesar-Tonga field in the U.S. section of the Gulf of Mexico to Israeli Delek Group for US$965 million. Besides the field Continue Reading
The US oil and gas rig count dropped by eight week on week Thursday to 1,090, resuming a five-month general downward trend even as oil prices remained in the low Continue Reading
Ford Motor Company is teaming up with Solid Power ( earlier post ) to develop all solid-state batteries (ASSB) for next-generation electric vehicles. The announced partnership will focus on further Continue Reading
Growing production of Texas super-light oil – and worries about its quality compared with other types of crude – is slowing down deliveries into the main U.S. storage hub in Continue Reading
When a deadly rainstorm unloaded on Houston in 2016, Sharobin White’s apartment complex flooded in up to six feet of water. She sent her toddler and 6-year-old to safety on Continue Reading
The idea of opening up the waters off the coast of Florida to oil and gas drilling has been among the least popular ones of the Trump administration and yet Continue Reading
The oil industry hates electric cars for good reasons. Intelligent executives in the industry (of which there seem few) see electric vehicles (EVs) as a death threat to their business. Continue Reading
Highlights Notley says Trans Mountain approval is imminent Kenney would scrap deal to lease 4,400 rail cars Platts Analytics sees crude-by-rail volumes falling Washington — Alberta’s oil production cuts and Continue Reading
Heat waves are covering wider areas, and people are suffering the consequences. With 2°C of warming, most summers will look like 2018, scientists say. Eduardo Velev cools off in the Continue Reading
Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Continue Reading
Belarus threatened Thursday to suspend transit of Russian crude to Europe via the Druzhba Pipeline in an attempt to pressure Moscow amid deepening economic disagreements between the neighbors. Russia exports Continue Reading
London — The UK’s Department for Business, Energy & Industrial Strategy has set out its aim to increase renewables generation 75% from 2018 levels by 2035, with the expectation that Continue Reading
European refiners are paying the price for U.S. oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with Continue Reading
Crude oil futures were lower during mid-afternoon trade Thursday on news of higher US crude inventories reported by the Energy Information Administration. Meanwhile, global economic concerns also kept a lid Continue Reading
Oil prices soared in recent days, with Brent rising to its highest point since early November. The tightness in the market is real, but prices may not increase a whole Continue Reading
Oil prices fell on Thursday, pressured as U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production and as economic concerns cast doubt overgrowth in Continue Reading
Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as Continue Reading
Global oil output is being hit by expanding U.S. sanctions and other unplanned disruptions which, in an echo of market conditions around five years ago, are pushing prices higher in Continue Reading
One of the great misconceptions of our time is the belief that we can move away from fossil fuels if we make suitable choices on fuels. In one view, we Continue Reading
One Saturday morning in November, Farhana Yamin took her place in a line of people gathered on Westminster Bridge and – when a signal was given – stepped off the Continue Reading
The global oil market is tightening due to sharp production falls in Saudi Arabia and Venezuela, the International Energy Agency said Thursday, but cautioned there are still “mixed signals” over Continue Reading
OPEC’s crude oil production dropped by more than 500,000 bpd month on month in March, to the lowest since February 2015, as Saudi Arabia followed through its commitment to cut Continue Reading
“Today, a very large meeting of terrorist groups and armed groups took place in Sirte, we know who they belong to. They have a plan proposed at the meeting to Continue Reading
OPEC’s research and analysis arm pointed towards a much tighter market in 2019 as the group has seen its production fall significantly this year, led by curbs to Saudi Arabian Continue Reading
The below OPEC charts were taken from data in the OPEC Monthly Oil Market Report . All data is through March 2019 and is in thousand barrels per day. There Continue Reading
After seeing significant interest with an unprecedented $100 billion in orders on Tuesday, Aramco’s bond saw but mild upward moves on Wednesday, its first day out of the gate. The Continue Reading
When the super-giant Majnoon oil field was threatened by flooding, it wasn’t just the state-run Basra Oil Company (BOC) that sprang into action – it was also Hadi al-Amiri, the Continue Reading
South Africa is facing an energy crisis. The once distinguished national public energy provider, Eskom, has been driven to the point of collapse by “years of corruption, incompetence and political Continue Reading
Venezuelan leader Nicolas Maduro is lambasting U.S. Vice President Mike Pence’s remarks at the U.N. Security Council as both “ridiculous” and “racist.” In a televised address early Wednesday evening, Maduro said Continue Reading
Venezuela’s oil output sank to a new long-term low last month due to U.S. sanctions and blackouts, the country told OPEC, deepening the impact of a global production curb and Continue Reading
U.S. crude oil stocks rose more than expected last week to the highest in nearly 17 months as imports climbed, while gasoline inventories posted their steepest drawdown since September 2017, Continue Reading
President Donald Trump will issue two executive orders in the heart of the Texas energy hub on Wednesday seeking to speed gas, coal and oil projects delayed by coastal states Continue Reading
As the Trump administration prepares to drastically weaken Obama-era rules restricting vehicle pollution, nervous automakers are devising a strategy to handle their worst-case scenario: a divided American auto market, with Continue Reading
U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 5, 2019, which was 251,000 barrels per day more than the previous week’s average. Continue Reading
The promise of renewable energy as a better alternative to fossil fuels is certainly considerable. Solar and wind farms produce no harmful emissions while they operate, and their efficiency rates Continue Reading
President Donald Trump has signed an executive order seeking to limit states’ powers in the approval or rejection of new oil and gas pipeline projects. CNBC reports the signing was Continue Reading
The U.S. Department of Energy (DoE) believes that more natural gas-powered capacity will be in the best interest of recovering Puerto Rico’s power grid, Bruce Walker, Assistant Secretary at the Continue Reading
Natural gas prices fall to record lows as crude strengthens Some regional gas processing plants are starting to flare 2 million b/d of crude pipeline takeaway capacity expected this year Continue Reading
Royal Dutch Shell has agreed to sell its stake in the Caesar Tonga field in the Gulf of Mexico for $965 million in cash to a subsidiary of Israel’s energy Continue Reading
Oil prices are climbing to new heights, but many shale companies are not exactly riding high. U.S. shale drillers have run into a series of problems that have resulted in Continue Reading
For years, Big Tech has been a vocal advocate of powering their data centers with renewable energy, while the multi-billionaire founders of companies like Amazon, Microsoft, and Facebook have teamed Continue Reading
US natural gas-fired combined-cycle capacity overtook coal-fired capacity in 2018, the US Energy Information Administration reported on Wednesday. In the United States, natural gas-fired combined-cycle (NGCC) capacity has increased for Continue Reading
France’s delegation to the International Maritime Organization has proposed mandatory slow steaming as a means of cutting the shipping industry’s greenhouse gas emissions. France is suggesting that speed limits differentiated Continue Reading
SPREMBERG, Germany (Reuters) – A German far-right party is using a simple message to attract voters in a mining region threatened by government plans to phase out coal: jobs are Continue Reading
Singapore — Crude oil futures moved sideways in mid-morning trade in Asia Wednesday, as investors adopted a risk-off mood and waited on the sidelines after the International Monetary Fund downgraded Continue Reading
Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown Continue Reading
Between 2013 and 2017, Pennsylvania was the largest exporter of electricity, shipping out 59 million megawatt hours (MWh) on average each year. – California, on the other hand, imported an Continue Reading
Oil prices edged lower on Tuesday, slipping off five-month highs after the International Monetary Fund cut its global economic growth forecasts and as Russia signaled it may retreat from its Continue Reading
