Pipeline Protesters May Face 20-Year Federal Sentence
Under the federal plan released Monday, protesters who block the construction of oil or gas pipelines could face up to 20 years in prison. (Bloomberg) — As Texas goes … Continue Reading
Weatherford Demise Represents Warning To Oil Services Sector
The oil-field services sector is in the tough position of being the first to get hurt when oil prices plunge and the last to profit when a recovery finally happens. Continue Reading
Permian gas flaring hits new record highs for “widespread waste,” pollution
The flaring of natural gas in West Texas’ booming Permian Basin has exceeded previous estimates and is now contributing to far more “widespread waste” and pollution than ever before, according Continue Reading
U.S. report urges steps to reduce reliance on foreign critical minerals
The U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of rare earths and other critical minerals, warning that a halt in Chinese or Russian exports could Continue Reading
Russia’s oil output falls to 3-year low due to contamination crisis
Russia’s average daily oil output has dropped to a three-year-low after contaminated crude clogged its main export route. Average oil output was 10.87 million barrels per day (bpd) on June Continue Reading
Shell Vows To Pay Back A Whopping $125 Billion To Shareholders
Royal Dutch Shell is building a business with the potential to return US$125 billion or more in the form of dividends and share buybacks to shareholders between 2021 and the Continue Reading
Shell sees LNG market growth at 4% a year, plans to ‘grow with it’: CEO
Anglo-Dutch major Shell expects the global LNG market to grow by 4% a year to 2035 and the company plans to “grow with it,” maintaining its leading position in the Continue Reading
How the oil industry and Russia trivialize the Druzhba pipeline disaster
The Russian government and European oil refineries have reported only sparsely and misleadingly about a big pipeline disaster that has sent customers scrambling for alternative supplies and led to refinery Continue Reading
Battery Breakthrough Solves Major Electric Car Problem
It’s no secret that batteries are the most expensive part of an electric vehicle. As such, this is the root of the industry’s problem and a roadblock to making larger Continue Reading
Russia Is Silently Preparing For An OPEC+ Deal Extension
Russia’s largest oil producer Rosneft is in talks with the government for possible compensation for losses in case OPEC and its Russia-led non-OPEC partners decide to extend the production cut Continue Reading