Shell sells stake in Gulf of Mexico field for $965 million
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
Shale Jobs In Jeopardy Despite Oil Price Rally
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
Why Amazon Is Suddenly Courting Big Oil
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
A Pivotal Moment For Natural Gas Demand
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 proposes mandatory slow steaming to cut shipping emissions
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
As end looms for coal, German mining region shifts right
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
Crude oil futures rangebound amid gloomy IMF growth forecast
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 edges up amid tightening supply, but economic slowdown weighs
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
Oil Hits 5-Month High On Libya Turmoil
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 drops on global growth worry, possible output rise
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