Chevron Launching Layoffs in April
Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year. Chevron Corp. will be launching a round of layoffs beginning April 6 Continue Reading
Environmental Groups Sue U.S. Over Lightbulb Energy Standards
Environmental groups led by the Natural Resources Defense Council sued the Trump administration on Tuesday over its decision to keep energy-efficiency requirements for household incandescent lightbulbs at their current level. Continue Reading
Port of Los Angeles Sees Coronavirus Impact Sharply Reducing Imports
As Chinese business shutdowns extended past the traditional Lunar New Year holiday into February, and workers stayed home from factories and ports, “it became pretty clear…that we were looking at Continue Reading
C.D.C. Officials Warn of Coronavirus Outbreaks in the U.S.
Federal health officials starkly warned on Tuesday that the new coronavirus will almost certainly spread in the United States, and that hospitals, businesses and schools should begin making preparations. “It’s Continue Reading
To Save Louisiana’s Vanishing Coast, Build a Mini Mississippi Near Boston
We were standing on the levee of the Mississippi River, about an hour west of Boston. Of course, the actual Mississippi River is a half-continent away. We were in fact Continue Reading
White House struggles to contain public alarm over coronavirus
White House chief economic adviser Larry Kudlow talks with reporters in December. (Evan Vucci/AP) Top White House economic adviser Larry Kudlow told The Washington Post late Monday that investors should Continue Reading
Shale Decline Inevitable As Oil Prices Crash
The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian. Financing stress has plagued the shale sector for Continue Reading
Climate activists say JPMorgan Chase’s fossil fuel loan restrictions don’t go far enough
The world’s biggest lender to fossil fuel projects just took a baby step toward curbing that investment. Yet for climate activists, JPMorgan Chase’s new restrictions on loans to coal mining, Continue Reading
Under Russia, Crimea’s Future Grows Dimmer — and Drier
An irrigation canal in Crimea runs dry without access to the North Crimean Canal. Russia’s annexation in 2014 has since severed the peninsula’s access to crucial Ukrainian water flows. View Continue Reading
Patents Secured for Revolutionary Nuclear Fusion Technology
Could the key to nuclear fusion be a low-temperature reactor with no radioactive fuel or waste? In HB11s reactor, lasers collide hydrogen and boron together to generate charged helium atoms. Continue Reading
Audi Suspends Electric Vehicle Production Due To Battery Shortage
Today in “news that affects all electric vehicle manufacturers but definitely not Tesla stock”, Audi has announced that it has suspended production of its e-Tron electric SUV effective February 20 Continue Reading
Jesuit order to ditch fossil fuels from $500 million equity portfolio
Catholic religious order Jesuits in Britain will ditch fossil fuel companies from its $500 million equity portfolio by the end of the year, it said on Wednesday, citing corporate failure Continue Reading
German economy nears stagnation in first quarter with coronavirus outbreak
Germany’s economy is nearing stagnation in the first quarter due to the coronavirus outbreak, the DIW economic institute said on Wednesday, adding that the German industry would be particularly hit Continue Reading
Electric truck ready for dynamic wireless charging on public roads in Sweden; Smartroad Gotland
ElectReon has successfully wirelessly charged a fully electric 40-ton truck and trailer at a test facility in Sweden. The next step will be to charge the truck through dynamic wireless Continue Reading
Global Stocks Stabilize After Deep Selloff
Global stocks and U.S. futures held steady Tuesday after escalating concerns about the economic impact of the coronavirus triggered a sharp selloff on Wall Street a day earlier. Futures tied Continue Reading
Wall Street plunges on fears of coronavirus pandemic
The S&P 500 and the Dow Jones Industrial Average on Monday suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries Continue Reading
Oil sinks 4% on demand concerns as coronavirus spreads
Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude. Continue Reading
Finance Ministers Grapple Over Economic Threat of Climate Change
The United States, under pressure from European countries to address the economic threat of climate change, agreed on Sunday to include a reference to those risks in a joint statement Continue Reading
World must avert ‘dramatic’ effects of coronavirus on health, economy: U.N.’s Guterres
United Nations Secretary-General Antonio Guterres on Monday urged countries to prevent the novel coronavirus epidemic from spiraling into a crisis with “dramatic consequences” for global health and the world economy. Continue Reading
Virus outbreak chills markets, outlook for global economy
The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute. Amid concerns that global output could Continue Reading
Coronavirus’s Global Spread May Not Be Contained, WHO Says
The World Health Organization said Monday it isn’t yet clear whether the new coronavirus, which has sparked large outbreaks in several countries, can be stopped from spreading further. Yet the Continue Reading
Coronavirus sparks new travel disruption; some markets extend losses
Global travel disruption worsened Tuesday in response to the widening coronavirus emergency, as South Korea neared 1,000 cases and Iran reported 16 deaths, though financial markets largely avoided a repeat Continue Reading
3 Energy Sectors Most Threatened By The Coronavirus
At a time when the energy sector is weighed down by debt and reeling from low commodity prices, American energy producers are now bracing for the biggest demand shock to Continue Reading
Energy Stocks Slammed By Coronavirus Hysteria
Energy stocks had a rough start of the week on Monday, as the newfound panic sets in about just how far the coronavirus will reach and how devastating the effects Continue Reading
The Dark Side Of Hydropower
Hydropower is the largest single source of renewable electricity in the world, dwarfing solar and wind. As such, it has established a positive reputation in the media and many academic Continue Reading
Iran faces further isolation after jump in coronavirus deaths
Iran’s health ministry said a further four people infected with the coronavirus have died, bringing the total number of fatalities in the country to 12 as neighboring states shut their Continue Reading
What Iran’s Election Result Means For Oil Markets
Ever since the Joint Comprehensive Plan of Action (JCPOA) was agreed in principle in 2015 by Iran and the P5+1 group of nations (U.S., U.K., France, Russia, and China plus Continue Reading
Libyan Oil Chairman Calls On U.S. To Help End Oil Blockade
The United States should step in and help lift the blockade of Libyan oil ports that has decimated the country’s oil production, the chairman of the National Oil Corporation, Mustafa Continue Reading
Analysis: Saudi Arabia unlikely to become gas exporter even with $110 billion Jafurah field investment
Dubai — Saudi Arabia is unlikely to start exporting gas despite plans to invest $110 billion to develop its biggest unconventional gas field, although the asset could help wean the Continue Reading
Iran urges citizens to stay at home as coronavirus spreads: TV
As the death toll of those infected by the new coronavirus reached 16, Iran’s health ministry on Tuesday urged Iranians to stay at home, a ministry spokesman told state TV. Continue Reading
OPEC+ countries should not be complacent about coronavirus – Saudi energy minister
Saudis Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, said on Tuesday that OPEC+ countries should not be complacent about the coronavirus. “Everything serious requires attendance,” he told reporters on Continue Reading
Saudi energy minister has confidence in OPEC+, Russia still engaged
Saudi energy minister Prince Abdulaziz bin Salman on Tuesday said he has confidence in OPEC+ and Russia, which is leading the non-OPEC members in the OPEC+ alliance, as Moscow is Continue Reading
Nigeria Unlikely to Become Net Petrol Exporter in 2020 – Report
A new report – the Benchmarking Exercise Report (BER) 2019 – by the Nigerian Natural Resource Charter (NNRC) has said it is unlikely that Nigeria will become a net exporter Continue Reading
Trump administration to step up pressure campaign on Venezuelan oil: U.S. envoy
U.S. President Donald Trump has decided to step up a sanctions campaign on Venezuela’s oil sector and will be more aggressive in punishing people and companies that violate it, the Continue Reading
This Country Could Soon Become The Biggest Buyer Of U.S. Oil
South Korea, the world’s fifth largest crude oil importer, is set to purchase growing volumes of U.S. oil this year to the point of overtaking Canada as the top destination Continue Reading
Latest on coronavirus spreading in China and beyond
U.S. President Donald Trump will seek $2.5 billion from Congress to fight the coronavirus epidemic and U.S. and South Korean militaries are considering scaling back joint training as the virus Continue Reading
South Korea to launch mass coronavirus testing, U.S. pledges $1 billion for vaccine
South Korea aims to test more than 200,000 members of a church at the center of a surge in coronavirus cases, as countries stepped up efforts to stop a pandemic Continue Reading
China fall in coronavirus cases undermined by questionable data
As President Xi Jinping vows to restart China’s economy, a marked slowdown in reported new coronavirus cases is helping his cause. On Monday, Chinese health authorities reported only 11 new Continue Reading
Great Australian Bight: Equinor abandons controversial oil drilling plans
Drilling in the Great Australian Bight could spoil the marine environment, critics argued Oil giant Equinor has abandoned controversial plans to drill in the Great Australian Bight in a move Continue Reading
How Cobalt Could Fuel Hydrogen Adoption
A research team from the Tokyo Institute of Technology created the first visible-light photoanode made of titanium dioxide or TiO2 enhanced with cobalt. The anode is a key element needed Continue Reading
Norway’s Equinor to discontinue ‘uncompetitive’ exploration in Great Australian Bight
Norwegian oil and gas company Equinor said Tuesday it will discontinue exploration in the Great Australian Bight off the country’s southern coast after deciding the program was “not commercially competitive.” Continue Reading
Canceled Teck oil sands project underscores global climate-energy policy tension
Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to Continue Reading
Costs, delays scuttle 124-mile Constitution Pipeline project
The nearly $1 billion Constitution Pipeline project, which had been designed to take natural gas from Pennsylvania’s shale gas fields to metropolitan New York and New England, has been abandoned Continue Reading
Supreme Court wades into battle over Atlantic Coast Pipeline
The U.S. Supreme Court is set to wade into a long-running battle between developers of a 605-mile (975-kilometer) natural gas pipeline and environmental groups who oppose the pipeline crossing the Continue Reading
Canadian police move to clear indigenous protest in Ontario
Canadian police moved on Monday to clear an indigenous rail blockade in Ontario that has crippled freight and passenger rail traffic in most of eastern Canada for nearly three weeks. Continue Reading
Supreme Court Signals Resistance to Blocking Atlantic Coast Pipeline
The Supreme Court on Monday suggested it was unlikely to block a planned natural-gas pipeline from running under a section of a major East Coast hiking trail. At issue is Continue Reading
Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Teck Cancels $20 Billion Frontier Oil Sands Project
Teck Resources has withdrawn its application for a regulatory review of the Frontier oil sands project, the company said in a news release . “Investors and customers are increasingly looking Continue Reading
Canceled Teck oil sands mine extends uncertainty for Canadian upstream
Teck Resources’ withdrawal of its application for the major Frontier oil sands mine in Alberta exacerbates uncertainty for the Canadian upstream as the country’s political leaders clash over climate goals Continue Reading
BNSF 2019 coal revenues, volumes decline on lower natural gas prices
BNSF Railway saw a decrease in coal volumes and revenue in 2019, primarily as the result of lower natural gas prices and adverse weather conditions, the company reported Monday. Receive Continue Reading