Rystad Energy is now changing its base-case scenario for oil demand, banking on a second wave of Covid-19. The new assumption for the base case now incorporates a mild second Continue Reading
The world is gearing up for a battle over developing-country debt like few it has seen before. Rich and poor countries are at loggerheads with private investors that, over the Continue Reading
When JP Morgan’s EMEA head of oil and gas research said last month that this crisis was fundamentally no different from previous crises, he was right – at least in Continue Reading
The oil majors are set to unveil their second-quarter earnings in the coming days, and analysts expect the figures to be pretty rough. Despite their size, the integrated oil majors Continue Reading
To my four-year-old son, electricity must seem magic—this invisible stuff that comes out of the wall sockets to power the fridge, to light up the TV, or run his favorite Continue Reading
Military contractors linked to the Kremlin have seized control of two of Libya’s largest oil facilities in recent weeks, heightening tensions between Russia and the U.S. over Moscow’s growing footprint Continue Reading
The idea of developing the 4.36 billion-barrel Nasiriyah oilfield in southern Iraq’s Dhi Qar province has been seriously mooted by the each of the rapid succession of governments in Iraq Continue Reading
Lauded in the early stages of the pandemic for taking decisive steps to limit Covid-19 infections, South Africa is now battling one of the world’s fastest-growing coronavirus outbreaks that is Continue Reading
Nesbitt, who is a professor at the University of Illinois at Urbana-Champaign, had dedicated much of the last 15 years to studying the freakish storms of this sleepy agricultural region. Continue Reading
Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in crude oil options Continue Reading
In the world of hydropower two factors matter when considering the construction of a dam for electricity production: the movement of large quantities of water and rapid changes in altitude. Continue Reading
China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices Continue Reading
The euro area economy is for once set for a sprightlier recovery from crisis than the U.S., thanks to starkly different responses to the coronavirus. America’s failure to get a grip on the Continue Reading
US oil companies have increased production by 1.2m barrels a day over the past six weeks, as they restore wells shut earlier this year and start producing from others they Continue Reading
The current year has been shaping up as the worst in decades for oil and gas mergers as the deep uncertainty surrounding the sector killed Big Oil’s appetite for acquisitions. Continue Reading
When a company called Nikola debuted on the stock market last month, its stock soared more than 100 percent in just the first few days of trading. The company had Continue Reading
The US House of Representatives launched a bipartisan caucus on Friday to focus on ways to increase domestic production of specialised minerals used to make missiles, cell phones and other Continue Reading
Inspired by naturally occurring processes, a team of Boston College chemists used a multi-catalyst system to convert carbon dioxide to methanol at the lowest temperatures reported with high activity and Continue Reading
Major banks play a major role in financing environmental damage. International banks including JPMorgan Chase, Wells Fargo, the Royal Bank of Canada, and BNP Paribas are among the top providers Continue Reading
Even before the COVID-19 pandemic shook up the oil industry, America was full of defunct oil wells. Tens of thousands, if not hundreds of thousands, or perhaps millions of holes Continue Reading
In November 2019, beer maker Anheuser-Busch made its first emissions-free beer delivery in its hometown of St. Louis using a hydrogen-electric truck made by Nikola Motor Company. This post has Continue Reading
EU leaders’ decision to cut tens of billions of euros from a fund to help Europe’s green transition risks undermining Brussels’ attempts to accelerate emissions-cuttinggoals over the next decade, experts Continue Reading
German businesses are growing increasingly optimistic that government support at home and an unprecedented euro-area fiscal plan will bolster demand and drive an economic recovery later this year. Expectations at companies Continue Reading
The number of electric cars on Britain’s roads will jump to 30 million in the next 20 years, helped by government policies to phase out the sale of polluting cars. Continue Reading
France will dedicate 30 billion euros ($35 billion) in stimulus spending for environmental projects, Finance Minister Bruno Le Maire was quoted as telling Journal du Dimanche. Among the plans are an Continue Reading
Oil prices rose on Friday, lifted by some supportive economic data, but tensions between the United States and China limited gains. Brent crude futures LCOc1 rose 3 cents to settle Continue Reading
Oil prices have once again fallen back to the $40 mark as the EIA bearish data that dampened optimism in markets For Global Energy Alert members there are now two Continue Reading
The adage “timing is everything” seems to be particularly relevant nowadays among North American oil producers. That is one takeaway from this week’s recap of developments in the oil and Continue Reading
Oil edged higher with a weaker dollar overshadowing signs of a slowing global economic recovery. U.S. crude futures flipped between gains and losses during Friday’s session, eventually closing higher and posting Continue Reading
COVID Market Update: M&A Is Back With little to no notable activity on the oil deal scene since the oil price crash, Chevron’s offer to buy Noble Energy Inc. for Continue Reading
Almost 40 countries have reported record single-day increases in coronavirus infections over the past week, around double the number that did so the previous week, according to a Reuters tally Continue Reading
A rare, translucent, black-and-white crystal that sat in a box for 30 years has led scientists to a startling discovery: The East Antarctic ice sheet , which holds 80 percent Continue Reading
India’s oil-to-telecoms conglomerate Reliance Industries surpassed on Friday Exxon as the world’s second most valuable firm doing business in energy after Saudi Arabia’s oil giant Aramco. Reliance Industries is the Continue Reading
Chinese state-owned oil and gas majors have sold pipeline networks worth a total $56 billion as part of a government plan to restructure the nation’s energy industry by setting up Continue Reading
Brazil’s state-held oil firm Petrobras launched on Friday a tender for three new Floating Production Storage and Offloading (FPSOs) units for one of the largest deepwater oilfields in the world, Continue Reading
On Wednesday, EPA Administrator Andrew Wheeler announced that the U.S. was proposing to regulate greenhouse gas emissions from airplanes for the first time. Credit: David McNew/Getty Images Environmental Protection Agency Continue Reading
A draft of the Democratic National Committee’s (DNC) climate platform calls for net-zero emissions by 2050, in line with the policy goals set forth by presumptive presidential nominee Joe Biden Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 2, to 251, marking the twentieth straight loss in Continue Reading
Tropical storm Hanna is expected to make landfall in Texas on Saturday with heavy rains that could result in flash flooding along the Texas coast, where oil refineries and LNG Continue Reading
U.S. West Texas Intermediate crude oil futures are trading slightly lower on Friday, but still holding on to its weekly gains. The price action is being manipulated by escalating tensions Continue Reading
The world’s largest oilfield services provider, Schlumberger ( NYSE:SLB ), reported on Friday a second straight quarterly loss on the back of a dramatic revenue slump in U.S. shale and Continue Reading
The US International Development Finance Corporation has ended a ban on financing nuclear power projects and “will prioritize the support of advanced nuclear technology in emerging and frontier markets,” the Continue Reading
Despite a wave of well shut-ins by operators across the Bakken Shale this spring, associated natural gas production looks to rebound sooner than expected, leading to an increase of flows Continue Reading
NextEra Energy executives are bullish about long-term opportunities for hydrogen to help achieve US decarbonization goals, along with associated market opportunities for the rapid development of renewable energy, the officials Continue Reading
Another Bakken Shale crude oil pipeline is on the verge of potential closure as a series of governmental and court rulings have threatened the operation of existing pipeline systems. The Continue Reading
The number of rotary drilling rigs operating in the United States fell to 251 this week, Baker Hughes Co. reported Friday. The number of rotary drilling rigs operating in the Continue Reading
U.S. fracking is set for its first monthly rise this year, according to a new Rystad Energy analysis. U.S. fracking is set for its first monthly rise this year, according Continue Reading
Russia’s central bank doesn’t think that copying the Mexican oil hedge is a good idea, the Governor of Bank of Russia, Elvira Nabiullina said at a news conference on Friday, Continue Reading
Russia’s gas giant Gazprom will start producing “clean”, that is, zero-emission, hydrogen beginning in 2024 under a new government plan to develop a hydrogen economy. The plan sees Gazprom building Continue Reading
