Big Oil’s Best Survival Strategy
First, it was an oil price war that pummeled benchmarks into the ground. Then it was the coronavirus outbreak that swelled to a pandemic. Now, a third plague is coming Continue Reading
EU to Unveil World’s Greenest Virus Recovery Package
The European Union is poised to announce the world’s greenest recovery package next week, as it seeks to curb pollution and save its economy from the coronavirus pandemic. European Commission President Ursula Continue Reading
33% Of North Sea Oil Is Now Too Expensive To Extract
The oil price collapse will result in one-third of the North Sea oil left untouched because it will be uneconomical to produce, a new study from the University of Aberdeen Continue Reading
Is Russia Finally Complying With OPEC+ Cuts?
It looks like Russia is really trying to comply with its share of the OPEC+ production cuts this time, unlike in previous deals when it had regularly exceeded its cap, Continue Reading
Russia’s Nord Stream 2 loses court case against new EU gas rules
Russia’s Nord Stream 2 gas link developer has lost its court case against changes that apply EU gas market rules to the EU section of offshore links with non-EU countries. Continue Reading
EU hydrogen strategy to drive use in industry, transport: Simson
The European Commission’s upcoming EU hydrogen strategy paper is to look at how to drive demand in a range of sectors, including heavy industry and transport, according to EU energy Continue Reading
U.K. Grid Struggles as Renewables Overtake Fossil Fuels
Renewables supplied more than 40% of electricity during first quarter of 2020, overtaking fossil fuels as storms battered the U.K. Output from wind farms was up by 40% compared with the Continue Reading
U.K. Fast-Tracks New Road Laws to Get Scooters on London Streets
Renewables supplied more than 40% of electricity during first quarter of 2020, overtaking fossil fuels as storms battered the U.K. Output from wind farms was up by 40% compared with the Continue Reading
‘We’re expendable’: Russian doctors face hostility, mistrust
MOSCOW (AP) — There are no daily public displays of gratitude for Russian doctors and nurses during the coronavirus crisis like there are in the West. Instead of applause, they Continue Reading
Sellers beware: Price collapse triggers bartering over oil and gas deals
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first Continue Reading