After more than five years in the making, several producers moved a major regulatory step closer to developing a potential 5,000-well oil and natural gas project on federal land in Continue Reading
Powder River Basin coal production totaled 49.2 million st in the April-June quarter, down 21.5% from the previous quarter, Mine Safety and Health Administration data showed August 3. From the Continue Reading
Range Resources Corp. sold its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller. Range Continue Reading
President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federally owned corporation for hiring foreign workers. Trump told reporters at the Continue Reading
More than thirty billion dollars: this is the size of the collective debt of oil and gas companies that filed for bankruptcy protection in the first half of the year. Continue Reading
In Russia’s Dagestan region, the official coronavirus figures started to seem suspicious to residents back in April. The mountainous republic in the North Caucasus region along the Caspian Sea was Continue Reading
Russian oil companies pumped 16 percent less oil last month than a year earlier, government data reported by Interfax showed. At 39.63 million tons, Russia’s average daily output for July Continue Reading
Russia’s finance ministry is looking to raise as much as US$1.93 billion (143 billion Russia rubles) in taxes from the oil industry over the next two years, as the oil Continue Reading
A series of measures have been announced aimed at making the economy more environmentally friendly such as a ban on outdoor heaters at bars and restaurants, more efficient domestic heating Continue Reading
BP ( BP.L ) cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and Continue Reading
As U.S. lawmakers plot to stop one of Moscow’s most important projects in Europe, the Nord Stream 2 pipeline, lobbyists supporting it are busier than ever but disclosing few details Continue Reading
The British energy giant aims to increase its low carbon investments to $5 billion a year by 2030, from around $500 million, at the same time as seeing its oil Continue Reading
Despite recommendations by the authorities, Russian refineries are not expected to raise runs significantly in August. The Russian energy ministry has urged oil producers to send additional volumes to domestic Continue Reading
BP expects its oil and gas production to fall by at least 1 million b/d of oil equivalent or 40% over the next decade, as it transitions to a lower-carbon Continue Reading
Oil edged below $40 a barrel in New York as OPEC and allied producers started supplying more crude to a global market where many countries are still struggling to contain Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Aug. 3 as weakening demand and rising supply weighed on market sentiment. At 10:48 am Singapore time (0248 GMT), the Continue Reading
Oil prices fell on Monday on oversupply worries as OPEC and its allies are set to wind back output cuts in August and a rise in worldwide COVID-19 cases points Continue Reading
A general view shows people walking across the flooded St. Mark’s Square, by St. Mark’s Basilica on November 15, 2019 in Venice, two days after the city suffered its highest Continue Reading
The contest over newfound gas riches in the Eastern Mediterranean has triggered a slew of rival maritime claims, pushing the region’s main powers—all of them America’s partners or allies—toward open Continue Reading
Contractors working for the Qeshm Heavy Oil Refinery Co. staged a protest outside the company’s building after announcing a strike over pay, the semi-official Iranian Labour News Agency reported. The workers Continue Reading
Iraq’s oil exports, excluding those from the semi-autonomous Kurdish region, fell 2% in July, the oil ministry said Aug. 1, ahead of OPEC’s second-largest producer’s pledge to reach 100% compliance Continue Reading
Iran has been the worst-affected country in the Middle East The number of deaths from coronavirus in Iran is nearly triple what Iran’s government claims, a BBC Persian service investigation Continue Reading
After three consecutive months of raising its crude oil prices, the world’s largest oil exporter, Saudi Arabia, is widely expected to make the first cut to its official selling prices Continue Reading
Iraq’s chronic power shortages and its OPEC+ commitment to cut crude output have pushed the country closer to Iran at a time when the US wants to isolate Tehran. OPEC’s Continue Reading
How does a utility make money in the midst of one of the worst hits to power demand in modern history? By burning a little coal. At least, that’s what Kyushu Electric Continue Reading
U.S. defense contractor Huntington Ingalls Industries Inc has joined a long line of creditors seeking to enforce a judgment against heavily indebted OPEC member Venezuela, court documents filed on Friday Continue Reading
Last year, shale driller Apache Corp. (NYSE: APA) made waves after it sacked one of the most iconic CEOs in the shale patch, Steven Keenan. Keenan was reportedly shown the Continue Reading
A massive wave of investment has poured into LNG export terminals around the world in recent years, and nearly all of the projects have China at the center of their Continue Reading
During a recent virtual fundraiser focused on climate action, former vice president Joe Biden made a direct appeal to voters young enough to be his grandchildren. “I want young climate 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
Back in March of 2018, Axios reported on what they called the “ oily path to tackling climate change .” For the article, reporter Amy Harder visited Petra Nova, a Continue Reading
A post by Ovi at peakoilbarrel All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply monthly PSM . At the Continue Reading
The United States is in a new phase of the novel coronavirus outbreak with infections “extraordinarily widespread” in rural areas as well as cities, White House coronavirus experts said on Continue Reading
In the public imagination, the arrival of a coronavirus vaccine looms large: It’s the neat Hollywood ending to the grim and agonizing uncertainty of everyday life in a pandemic. But public health experts Continue Reading
Russian oil and gas condensate production increased to 9.37 million barrels per day (bpd) in July, Interfax news agency reported on Sunday, citing energy ministry data, indicating it missed its Continue Reading
Last summer around this time, I did an interview with Ulf Lindahl, the chief executive of currency manager AG Bisset. At the time there was growing concern that the unwinding Continue Reading
Russia slightly increased its oil production in July, ahead of OPEC+ plans to start easing record supply cuts starting this month. The nation’s producers pumped 39.63 million tons of crude and Continue Reading
Europe has kept its coronavirus cases low after reopening. Measures like mask wearing have been credited for the early success. WSJ’s Margherita Stancati and Bojan Pancevski explain how sentiments toward Continue Reading
China may have saddled itself with as much as $42 billion in unpaid renewable energy subsidies, but it pales in comparison to the enormous amount of money Europe is pumping Continue Reading
Nowadays it is not very frequent that one would hear of a new nuclear project coming onstream in Europe. Perhaps unsurprisingly the Old Continent’s forthcoming nuclear launch takes place in Continue Reading
Russian crude and condensate production totaled 39.63 million mt, equivalent to around 9.37 million b/d, in July, up 0.4% month on month, and down 16% year on year, according to Continue Reading
Researchers from the GEOMAR Helmholtz Center for Ocean Research Kiel have found that considerable quantities of the greenhouse gas methane escape uncontrolled into the water from abandoned oil and gas Continue Reading
Poland’s anti-monopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million) ( GAZP.MM ) for lack of cooperation in its proceedings with regard to the Continue Reading
Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC’s restraint on production. Deep crude output curbs by the Organization of Petroleum Exporting Countries and its Continue Reading
Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC’s restraint on production. Deep crude output curbs by the Organization of Petroleum Exporting Countries and its allies Continue Reading
With crude stuck in a range for a month or so, my attention has increasingly been on natural gas. That is unusual for me. Anything that moves in big chunks Continue Reading
U.S. West Texas Intermediate crude oil is trading higher on Friday, but down for the week. Thursday’s steep drop also wiped out most of market’s monthly gain. Although the foundation Continue Reading
Oil prices are unlikely to go much higher than current levels if global oil demand recovery doesn’t pick up in a meaningful way in the second half of the year, Continue Reading
Oil prices fell on Thursday following a truly devastating second-quarter GDP report in the U.S., with WTI now stuck at the $40 mark. For Global Energy Alert members there are Continue Reading
Report cards on the massive economic toll of the coronavirus were issued in the U.S. and Europe this week and they were downright abysmal. The U.S., Germany, France, Spain and Italy Continue Reading
