NASA Doubles Down On Nuclear Fusion Ambitions
Energy analysts tend to agree that nuclear fusion will have to replace fission at power plants to bring back more support for nuclear as a clean energy source. The challenge Continue Reading
The $22 Billion Railway Bringing Hope To Canada’s Oil Province
U.S. President Donald Trump is set to approve a $22-billion freight railway project that will run between Alberta and Alaska to transport a variety of commodities such as oil, ore, Continue Reading
Haynesville drilling, gas production climb bolstered by rising Henry Hub forwards
Rig counts and gas production in the Haynesville Shale are on the rise recently as stronger winter forwards prices and an anticipated uptick in LNG demand brighten the outlook for Continue Reading
PG&E Will Cut Power in Parts of California to Prevent More Fires
A wildfire ripping through Northern California’s wine country has more than tripled in size, forcing thousands of evacuations and endangering properties in a region devastated by blazes just three years Continue Reading
Devon to Become Bigger Permian Player
Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal, creating one of the largest independent U.S. shale producers and answering investor calls for consolidation Continue Reading
Rosneft warns BP and Shell creating ‘existential crisis’ for oil supplies
Russia’s Kremlin-controlled oil company has warned that BP and Royal Dutch Shell are creating an “existential crisis” for oil supplies that will lead to higher prices, attacking their shift towards Continue Reading
German car industry counts cost of Covid and technological change
Under overcast skies, a scythe-wielding man dressed as the Grim Reaper led hundreds of masked protesters out of the gates of one of Germany’s oldest manufacturing sites in the Bavarian Continue Reading
Oil Falls Below $40 on Uncertain Demand With Libya Supply Rising
Oil slipped near $40 a barrel in New York, with Vitol Group seeing uncertain global demand and Libyan production surging after a blockade on energy facilities was partially lifted. Prices have little Continue Reading
Biggest Independent Oil Trader Sees Price Gains Unlikely in 2020
Crude prices will have little room to rise in the next quarter because the recovery in global demand is slowing due to new coronavirus-related restrictions on the economy, according to Vitol Continue Reading
Global oil inventories expected to drop below 5-year average in Q2 2021: OPEC
OECD commercial oil inventories are expected to stand slightly above the five-year average through Q1 2021, before dropping below that benchmark for the remainder of the year, OPEC Secretary General Continue Reading