New Solar Breakthrough Turns Carbon Dioxide Into Fuel
Plants and their ingenious way of turning light and air into fuel have been an inspiration for many scientists. Now, photosynthesis has made the basis for a possible solution to Continue Reading
Upstream Oil & Gas Investment Crashes To 15-Year Low
Following the publication of the upstream industry’s first quarter results, a Rystad Energy analysis reveals a gloomier investment-budget picture than previously thought. Global spending is now forecasted to reach $383 Continue Reading
US oil, gas rig count falls 12 on week to 299, Enverus says, amid shut-in output return
The US oil and gas rig count fell by 12 to 299 on the week, Enverus said June 11, as upstream operators continued taking rigs out of domestic fields as Continue Reading
California Will Use Diesel This Summer to Help Keep Lights On
Despite environmental concerns, California will allow PG&E Corp. to use diesel-powered mobile generators to keep some electricity flowing when the utility proactively cuts power to prevent live wires from sparking fires Continue Reading
The Unique Ways Oil Companies Are Looking To Avoid Bankruptcy
Many U.S. shale firms have cruised through the past couple of years by borrowing money and drilling new wells, making the United States the world’s top crude oil producer. The Continue Reading
Is A Shale Comeback On The Horizon?
It’s been a tough year for U.S. shale. Even before the novel coronavirus pandemic pummeled oil markets, the shale revolution had been pronounced dead, with investors shying away from the Continue Reading
Spotlight: US oil and gas companies file for bankruptcy amid depressed prices
The low oil price environment is causing hardship for US operators as NYMEX light, sweet crude trades around $35/b. In reaction to the sharp decline in oil prices, 38 US Continue Reading
Exxon Slows Gulf Refinery Expansion
Exxon Mobil Corp. will delay the startup of its Beaumont refinery expansion on the Texas Gulf Coast by a year as the oil giant weathers low demand for petroleum products Continue Reading
Exxon Prepares To Unload North Sea Assets
ExxonMobil is considering moving forward with its sale of some North Sea assets after months of delays, industry and banking sources told Reuters on Thursday. The sale, with the potential Continue Reading
Nuclear Reactor Disruptions Unlikely To Cause Blackouts In France
France doesn’t expect to see shortages of electricity or power blackouts even though nuclear power output in the country will be lower this year due to disruptions to nuclear reactors Continue Reading