Project cancellations, spending cuts, well shut-ins: the problems and dilemmas plaguing onshore oil producers have also spread to offshore. And while the effects of the Covid-19 pandemic on onshore drilling Continue Reading
Washington State University (WSU) and Pacific Northwest National Laboratory (PNNL) researchers, with colleagues at Beijing University of Technology and Brookhaven National Laboratory, have created a sodium-ion battery that holds as Continue Reading
Moscow’s oil pricing dispute with the Government of Saudi Arabia, a domestic U.S. oil boom, and a fall in global oil demand since the COVID19 outbreak have damaged Russia’s oil Continue Reading
Volkswagen is one of the few automakers already implementing its long-term electrification strategy and preparing for mass-scale electric vehicle manufacturing, despite the negative outlook for the auto industry due to Continue Reading
Balancing costs for April on the UK electricity grid were up 49% year on year as constraint payments to gas plants more than doubled to GBP56 million ($70 million), according Continue Reading
The U.K.’s sunniest spring on record has boosted solar power’s share of the electricity mix to new heights. Clear skies throughout May, with low power demand during the coronvirus lockdown, helped the Continue Reading
U.S. President Donald Trump and Russian President Vladimir Putin discussed via phone the OPEC+ production cut agreements on Monday, according the Kremlin . The discussions included acknowledgement that the current Continue Reading
The oil market took an initially neutral view on OPEC+ deliberations that could result in the producers group announcing a short-extension to unprecedented output curbs. Futures in New York were Continue Reading
Global oil demand will decrease by 11.5 percent year on year, according to Rystad Energy’s latest demand forecast. Global oil demand will decrease by 11.5 percent, or 11.4 million barrels Continue Reading
At the start of the global pandemic in March, refineries around the world had to cut back on processing amid collapsing demand. However, there is a structural problem underway in Continue Reading
