US Oil Industry Made History in December
API contends it’s a win for US consumers. U.S. crude oil production and exports reached historic highs in the final month of 2019, the American Petroleum Institute (API) reported Thursday. Continue Reading
EU’s ‘Green Deal’ guru detects hints of U.S. climate shift
There are signs U.S. President Donald Trump is starting to engage more seriously on climate change and listening to the concerns of corporations, the European Commission’s vice-president and head of Continue Reading
U.S. Shale Patch Sees Huge Jump In Bankruptcies
More than 200 oil and gas companies in North America have filed for bankruptcy since 2015, and the list of casualties could continue to climb this year. From 2015 through Continue Reading
U.S. Shale Must Get Ready For Energy Transition, Oil Banker Says
The heart of the U.S. oil industry, Houston, should be ready to position itself as a leader in the energy transition as climate change concerns will change the industry over Continue Reading
IBM Reveals “Staggering” New Battery Tech, Withholds Technical Details
IBM lifted the veil this week on a new battery for EVs, consumer devices, and electric grid storage that it says could be built from minerals and compounds found in Continue Reading
Oil industry in Davos: torn between Greta and Trump
Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures. It’s a Catch-22 situation: to meet ambitious emissions targets Continue Reading
The Hottest Energy Conflict Right Now
Belarus has just bought two cargoes of Johan Sverdrup , the recently commissioned Norwegian oilfield and is in talks with several oil-producing countries from the Soviet Union to ramp up Continue Reading
Exxon Prepares Sale Of UK, German Oil & Gas Assets
As part of its global program to sell assets, ExxonMobil is about to launch a process to sell its upstream oil and gas operations in the UK and Germany, Bloomberg Continue Reading
Equinor contracts for first green-ammonia-fueled supply vessel; 2MW SOFC
Norway-based energy company Equinor has contracted with Eidesvik Offshore for the Viking Energy supply vessel, which is being retrofitted to make it capable of covering long distances fueled by carbon-free Continue Reading
Oil falls as spectre of China virus looms over fuel demand
Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the Continue Reading