Japan’s pledge to be a net-zero greenhouse gas emitter by 2050 is running into headwinds: smaller power utilities addicted to coal and natural gas. Regional electricity providers including Hokkaido Electric Power Co. and Shikoku Continue Reading
The Chinese economy has been the single largest contributor to global growth over the past several decades. Fossil fuel producers around the world closely watch Beijing, as the goals set Continue Reading
ExxonMobil is keeping its quarterly fourth-quarter dividend flat at $0.87 per share – the first time in 38 years that the company has failed to increase the dividend that it Continue Reading
US natural gas storage volumes expanded well below market expectations last week, while a net withdrawal is anticipated for the week in progress, kicking off the heating season two weeks Continue Reading
New York — The US oil and gas rig count climbed one to 348 in the week ended Oct. 28, rig data provider Enverus said, as gas drilling activity hit Continue Reading
The White House coronavirus task force warned that much of the country is in the grips of an “unrelenting” surge in COVID-19 cases and urged tough countermeasures, as the number Continue Reading
Thirty-five percent: this is the size of the spending cuts oil and gas companies are likely to have made this year in response to the effects that the coronavirus pandemic Continue Reading
At a time when oil prices remain stuck in limbo, Tesla Inc. (NASDAQ:TSLA) has continued to defy bearish expectations that low oil prices would put a damper on its core Continue Reading
With the sun streaming into the Niagara Gorge, visitors lined up in socially distanced groups waiting to shuffle onto the Maid of the Mist, the boats that have ferried tourists Continue Reading
The storm is cutting off electricity all along its path. Hurricane Zeta barraged the South with powerful winds on Thursday, shredding homes and businesses, knocking down trees and leaving about Continue Reading
Behind a low-slung building in Zelienople, Pa., stands a towering mechanical structure where Deep Well Services trains employees in the highly specialized work of completing fracking wells for natural gas. Continue Reading
Americans may feel whiplashed by a report Thursday on the economy’s growth this summer, when an explosive rebound followed an epic collapse. The government will likely estimate that the economy Continue Reading
BloombergNEF’s latest New Energy Outlook—or NEO, as we call it—is our annual examination of the energy economy’s changes. We define them in thousands of gigawatts of generation capacity, millions of barrels Continue Reading
Exxon Mobil Corp. will slash its global workforce by 15% by the end of 2022, an unprecedented culling by North America’s biggest oil explorer as it struggles to preserve dividends. The Continue Reading
Demonstrators hold banners during a rally near the Eiffel Tower in Paris on Dec. 12, 2015 on the sidelines of the COP 21, the UN conference on global warming. Credit: Continue Reading
“Would you close down the oil industry?” President Trump asked his opponent at the final presidential debate in Nashville, Tennessee, last Thursday. “I would transition the oil industry, yes,” Joe Continue Reading
European reservation holders of Tesla’s Model Y could begin to receive their vehicles manufactured at Tesla’s Gigafactory in Berlin earlier than expected, Teslarati reports , citing a tip from one Continue Reading
A new report by the European Automobile Manufacturers’ Association (ACEA) shows that despite strong growth, the available charging infrastructure for electric vehicles in the EU still falls far below what Continue Reading
Germany and the rest of the euro area’s biggest economies surged in the third quarter, in a rebound that’s now being derailed by an intensifying pandemic and new government restrictions Continue Reading
Vestas Wind Systems A/S, the world’s biggest wind turbine manufacturer, will buy out its offshore joint venture partner in an all-share deal that looks to take advantage of an expanding Continue Reading
French President Emmanuel Macron and German Chancellor Angela Merkel announced new lockdown measures Wednesday, as Europe sees mounting cases and deaths related to the coronavirus. Photo: Christophe Simon/AFP/Getty Images Europe Continue Reading
Crude oil futures were fairly stable late morning in Asia Oct. 29 as traders took advantage of an overnight plunge in prices, following a large build in US crude inventories, Continue Reading
Oil held near a four-week low after a surge in European virus cases and a bigger-than-expected jump in American crude stockpiles pushed prices down by the most in almost two Continue Reading
Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments’ renewed restrictions to curb the second wave of coronavirus infections and signs of a growing Continue Reading
Oil hit a four-month low in London alongside a broader market selloff as swelling U.S. crude stockpiles added to concerns that a fresh surge in coronavirus cases may derail the Continue Reading
Stocks tumbled in the U.S. and Europe as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic. The S&P 500 Index fell 3.5%, the Continue Reading
Crude oil tanker rates—which fell in September to their lowest since 2003 on the key route from the Arabian Gulf to Asia—are expected to remain low until global oil demand Continue Reading
For decades, the hydrogen sector went through more false dawns than Groundhog Day, repeatedly failing to break the glass ceiling of mass-market appeal mainly due to a host of technical Continue Reading
Gigawatt upon gigawatt of green hydrogen capacity is being planned across Europe, Asia, and Australia. According to proponents of the technology, green hydrogen – the kind produced through electrolysis powered Continue Reading
Desert locusts are breeding afresh in Ethiopia and Somalia and new swarms will form by mid-December and are likely to move southwards toward Kenya. “Although countries are better prepared compared to Continue Reading
Global demand currently is not supportive for OPEC+ easing the oil production cuts on January 2021, Ibrahim Al-Buainain, president and chief executive of Aramco Trading, told Gulf Intelligence on Wednesday. Continue Reading
The Atlantic Basin could see a major showdown between the region’s key sweet crude producers as around 1 million b/d of Libyan crude is set to return to a brittle Continue Reading
Iraq’s semi-autonomous Kurdistan Regional Government (KRG) is moving forward with plans to privatize electricity distribution and tariff collection to reduce power losses and streamline billing, multiple KRG energy officials said. Continue Reading
Estimated resources at the ExxonMobil-led offshore Stabroek block in Guyana have been raised to roughly 9 billion boe, up from more than 8 billion boe earlier this year, thanks to Continue Reading
Venezuelan President Nicolas Maduro on Wednesday said the country’s Amuay oil refinery was victim of a terrorist attack on Tuesday that involved a “powerful weapon”, but said the country had Continue Reading
China has launched the construction of a refinery and petrochemical complex worth US$20 billion in the Shandong province, the home of the independent Chinese refiners, Reuters reports , citing a Continue Reading
Americans may feel whiplashed by a report Thursday on the economy’s growth this summer, when an explosive rebound followed an epic collapse. The government will likely estimate that the economy Continue Reading
An employee wore a protective mask and face shield at the Ocean Casino Resort in Atlantic City, N.J., in July. Connecticut acted fast. Social distancing, lockdowns and testing slashed Covid-19 Continue Reading
Summary of Weekly Petroleum Data for the week ending October 23, 2020 U.S. crude oil refinery inputs averaged 13.4 million barrels per day during the week ending October 23, 2020 Continue Reading
If you’re in the camp that is wishfully thinking U.S. oil production will rebound anytime soon north of 13 million barrels per day, U.S. Energy Secretary Dan Brouillette is ready Continue Reading
General Motors and Ford have known about the effect burning fossil fuels has on climate for 50 years, a report from E&E News has revealed. And not just this: the Continue Reading
The Bureau of Land Management approved a ConocoPhillips-led oil exploration project in Alaska, which could yield some 160,000 barrels of crude daily when it becomes operational, the BLM said . Continue Reading
Two-thirds of the US Gulf of Mexico’s crude oil volumes were shut in Oct. 28 ahead of Hurricane Zeta, which strengthened into a Category 2 storm just hours before an Continue Reading
Hurricane Zeta barreled towards the Louisiana coastline Oct. 28, posing yet another threat to Gulf Coast industrial gas demand. As the fast-moving system zooms across the southeast, though, demand from Continue Reading
The US vehicle market showed ongoing signs of recovery in October with sales continuing to follow positive trends over the six months since April’s historic lows, industry analysts said Oct. Continue Reading
PBF Energy Inc.’s Paulsboro refinery in New Jersey has became the latest oil processing facility to fall victim to a Covid-driven collapse in fuel demand, announcing plans to idle operations Continue Reading
Chris Wright stands out as an oilman who might be more at home in Silicon Valley than the shale fields of North Dakota. A mountain climber and Massachusetts Institute of Continue Reading
Boeing said Wednesday that it will cut 7,000 more jobs as it continues to bleed money during a pandemic that has smothered demand for new airline planes. The company said Continue Reading
The Trump administration is taking new steps to tighten ties with Greenland as part of an attempt to exert more influence in the Arctic region and ice out China, the Continue Reading
The U.S. Army is expanding research efforts to solve the current challenges to battery technologies and drive advancements in battery science and energy storage that will become increasingly critical with Continue Reading
