Ukraine’s state-held gas firm Naftogaz is reportedly opposed to the pricing formula for U.S. liquefied natural gas (LNG) it could receive under a long-term contract, while there isn’t enough infrastructure Continue Reading
Norway’s Equinor sees the development of blue hydrogen — fuel produced from natural gas in combination with carbon capture and storage — as currently more worthy of pursuing than green Continue Reading
Norway’s Equinor expects the startup of its flagship Barents Sea oil project, Johan Castberg, to be delayed into 2023 as the coronavirus pandemic holds up work across the construction yards Continue Reading
Russian LNG producer Novatek said July 24 it had shipped its first cargo from the Yamal LNG project to Japan eastbound via the Northern Sea Route, giving the company scope Continue Reading
Oil swung between gains and losses as deteriorating U.S.-China relations cast doubt over the strength of the demand recovery, but European economic data showed a return to growth. U.S. crude futures Continue Reading
Oil prices edged higher on Friday, supported by a weaker dollar, though tensions between the United States and China weighed. Brent crude LCOc1 was up 26 cents at $43.57 a Continue Reading
Oil’s afternoon attempt to hold a rally failed after a breakdown in U.S. equities added to growing negative sentiment spurred by signals of a global economic slowdown. The coronavirus pandemic Continue Reading
Oil prices could be in for a correction in the near term if fuel demand recovery further stalls amid surging coronavirus cases in the United States, Barclays said on Thursday, Continue Reading
Spending on oil and gas, and coal is still higher among members of G20 than spending on renewable energy, a data update from the Energy Policy Tracker has revealed. Across Continue Reading
Emission reduction has become nothing short of a mantra these days. Carbon dioxide still receives the most attention, although methane has also been getting headlines lately as the powerful greenhouse Continue Reading
The falling cost of wind power is shaping up to be a boon for another clean energy source: green hydrogen. Hydrogen — a fuel made by electrolyzing water — requires a tremendous Continue Reading
Oil revenues for the world’s largest oil exporter, Saudi Arabia, continued to slide in May after the Kingdom ended its oil price war with Russia, with the income from oil Continue Reading
Sharply weaker oil prices, falling investment and dwindling oil production are weighing heavily on Colombia’s economic outlook. Last decade, the strife-torn Andean country bet its economic future on oil and Continue Reading
PetroChina, China’s state-owned oil and gas firm, said on Thursday it would sell its major oil and gas pipelines and storage facilities to the newly launched China Oil and Gas Continue Reading
South Korea reported one of the first major coronavirus outbreaks outside China, yet has kept infections low compared with the U.S. WSJ’s Dasl Yoon shows how smartphones have become one Continue Reading
Two weeks ago, China’s foreign minister, Wang Yi, pleaded with the United States to step back from the brink and find ways to work together. Just days later, he complained to Continue Reading
The number of daily passenger flights in China has rebounded to 80% of pre-coronavirus levels, China’s aviation regulator said on Friday, as the aviation industry recovers from the plunge in Continue Reading
In the latest round of feuding between the world’s leading economies, China has vowed to retaliate after the United States ordered its consulate in Houston shut within 72 hours. Although Continue Reading
Crude throughput at China’s domestic refineries is likely to hit another record high in July as the state-owned oil companies, which collectively account for 69% of the country’s refining capacity, Continue Reading
A flare at an oil and gas processing plant outside Cuero, Texas, in 2015. The study, published this month the journal Environmental Health Perspectives , found that pregnant women who Continue Reading
A stodgy U.S. recovery showed little sign of accelerating over the last week with hints emerging that the quick job gains of May and June may be fading, according to Continue Reading
The number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly four months, suggesting the labor market was stalling amid a resurgence in Continue Reading
U.S. jobless claims rose last week for the first time since March, the clearest sign yet of a pause in the economic recovery as coronavirus cases surge in much of Continue Reading
A major insurance company dropped coverage for the Trans Mountain expansion project, an oil pipeline seen as vital to the growth of Canada’s oil sands. Under pressure from environmental groups Continue Reading
A growing number of banks are restricting access to funding to the U.S. shale industry in the wake of the oil price crash, although the aversion to lending more capital Continue Reading
The Covid-19 downturn has caused a shocking decline in new fracking operations in the US, with monthly numbers plunging to a bottom of just 325 wells in June. A Rystad Continue Reading
Despite the fact that U.S. shale producers have brought back a quarter of the output they had curtailed, production is set for a new slump after the summer as new Continue Reading
More a tenth of gas flares in the Permian play tend to malfunction and release unlit methane into the atmosphere, the Environmental Defense Fund has reported, based on a new Continue Reading
Multiple issues could affect the future of Oklahoma natural gas and oil production, including a recent US Supreme Court ruling likely giving the state’s Native American tribes more control over Continue Reading
The US oil and gas rig count rose by six to 294 on the week, rig data provider Enverus said July 23, marking the second consecutive week of increases after Continue Reading
Tesla deployed 419 MWh of electricity battery storage in the second quarter, an increase of 61% compared from the first quarter, but just a 1% increase over deployments made in Continue Reading
In California’s sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state’s clean-energy programs to cut costs. (Bloomberg) — In California’s sun-drenched Kern Valley, Chevron Continue Reading
The official numbers have begun to confirm what many Americans feel in their bones: the economy is buckling once again. Despite assurances from the Trump administration that better times are at Continue Reading
Germany took a step forward in its recovery from the coronavirus slump, with a key measure of activity showing growth for the first time in five months. IHS Markit’s composite Purchasing Continue Reading
I have established a reputation as a bit of a contrarian in certain areas of the energy market. I have been tough on pipeline companies in particular. Pipelines have attributes Continue Reading
The economy is sending up alarms across the map, showing how the pandemic’s resurgence is dragging a fledgling rebound back into a skid. Economists are watching a raft of real-time Continue Reading
Just below the Arctic tundra, in the vast plains that blanket much of northern Russia, a once-unthinkable business is taking hold: soybean farming. It’s the result of years of rising global Continue Reading
Perched between Norway’s two longest fjords, Bergen might appear an unlikely place to glimpse the possible future of transport. But close to one in five cars in Norway’s second city Continue Reading
Crude oil futures were higher in Asia afternoon trade July 23 as the market reacted positively to news of further developments in the race for a COVID-19 vaccine, after they Continue Reading
Oil rose toward $45 a barrel in London, with a weaker dollar and stronger equity markets countering an expansion in U.S. crude stockpiles. Brent futures traded near their highest level since Continue Reading
Crude nearly erased all losses with a declining dollar and strong U.S. equities lending support to a market weakened by sluggish demand. Futures in New York settled close to flat after Continue Reading
Renewable energy has surged to capture a record share of global electricity generation, seizing more market share during the coronavirus downturn. The steep drop in electricity demand, down by more Continue Reading
While net-zero emissions goals started in England last year are spreading to governments, utilities, and private companies worldwide, natural gas doesn’t have to go the way of coal. Coal is Continue Reading
If governments and companies want to move more quickly toward net-zero emissions, progress on early-stage technologies needs to be accelerated, the head of the energy technology policy division at the Continue Reading
A major new study of the relationship between carbon dioxide and global warming lowers the odds on worst-case climate change scenarios while also ruling out the most optimistic estimates nations Continue Reading
Emerging economies could see the gains they’ve made over recent decades unravel, with economic, social and political consequences for the rest of the world, according to a senior Singaporean official. The Continue Reading
The world’s largest oil exporter, Saudi Arabia, plans to put up for privatization state-held assets in the healthcare, education, and water utility sectors in order to raise money while its Continue Reading
The field will initially target 50,000 bpd – about half the production level it averaged before shutting down amidst the coronavirus pandemic. In mid-July 2019, workers from the state-owned Iraqi Continue Reading
Iran’s foreign ministry said on Thursday foreign governments may have been behind recent cyberattacks on Iranian facilities, but played down the possibility of them having a role in a series Continue Reading
Turkey is looking to reduce further its reliance on Russian gas, and for the first time in almost two decades, Turkey may not receive gas at all from Russian gas Continue Reading
