Initial third-quarter financial results from airlines show airlines have had low revenues due to weak travel demand caused by the coronavirus pandemic as global fleet capacity has increased, the International Continue Reading
Over the summer, environmental and clean energy groups put aside their reservations about Democratic presidential candidate Joe Biden and came together behind his $2.2 trillion dollar climate plan—the most ambitious Continue Reading
Natural gas could be the single most important energy source of the next decade. For investors who want both profitability and longevity, the natural gas sector is the very first Continue Reading
A comprehensive Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50 per barrel, down around 10% Continue Reading
There is a war going on. And no, it’s not the one you think. This is a war against energy efficiency. The attack is on two fronts: a battle against Continue Reading
When the coronavirus first spread around the world, emissions-tracking organizations reported good news: the drop in industrial activity and oil and gas drilling had resulted in lower emissions of a Continue Reading
Orange and yellow pixels flash over American drilling heartlands around the Gulf Coast, New Mexico, and Pennsylvania. Dark red stretches across Middle East and China, while disturbing dots of color Continue Reading
Israel and the United Arab Emirates (UAE) signed this week a preliminary agreement under which crude oil from OPEC’s third-largest producer could be shipped to European markets via an oil Continue Reading
Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean and whose operations Israeli officials treat as top secret. Europe Continue Reading
Saudi Arabia’s crown prince enjoyed a near free pass under his personal relationship with U.S. President Donald Trump, but the kingdom’s brazen young leader will have to tread more carefully Continue Reading
Nine months on from Saudi Arabia’s second major oil price war in the last five years, more negative consequences are manifesting themselves. Aside from the irrevocably damaged core relationship with Continue Reading
The Nigerian military offered on Wednesday to deploy in Lagos state if needed amid protests, the governor said on Thursday. Unrest has broken out across the state, which is under Continue Reading
Global outrage mounted Wednesday after security forces in Africa’s largest city opened fire into a crowd of protesters, deepening unrest spurred by anger at Nigerian police. Ten people died and Continue Reading
India is reopening its borders to international visitors in a bid to revive economic growth even as the South Asian nation battles the world’s second-worst coronavirus outbreak. Prime Minister Narendra Modi Continue Reading
Thanks to increased production at the prolific pre-salt offshore basin, Petrobras expects its oil and gas production this year to exceed earlier guidance, Brazil’s state oil firm said as it Continue Reading
Despite ambitious efforts to reduce air pollution levels across China over the last five years, results have fallen short of expectations, Reuters reports , citing a senior government official. “While Continue Reading
Japan will promote the use of offshore wind generation and battery storage in its new effort to become carbon neutral by 2050, according to a government official, indicating how the Continue Reading
The world’s largest oil importer, China, will continue to have a significant impact on the oil market in the coming months, as most of the rest of the world continues Continue Reading
China is expected to continue buying grains at a faster-than-expected pace in the coming months as the country looks to meet its internal demand and ensure stable domestic reserves in Continue Reading
Oilfield services provider Baker Hughes ( NYSE: BKR ) reported a loss for the third quarter, like its competitors Schlumberger and Halliburton, amid lower demand for drilling services and equipment Continue Reading
President Donald Trump told supporters at a rally that Democratic candidate Joe Biden planned to ban all fracking, taking aim at his opponent’s energy plans that would affect one of Continue Reading
More than $14 billion in big Permian deals this week Concho and Parsley were worth 75% more at beginning of 2020 More than 40 US E&P bankruptcies this year A Continue Reading
Baker Hughes remains committed to the oil and gas industry despite its ongoing challenges, but is also looking to grow its business portfolio to support energy transition, the company said Continue Reading
India is reopening its borders to international visitors in a bid to revive economic growth even as the South Asian nation battles the world’s second-worst coronavirus outbreak. Prime Minister Narendra Modi Continue Reading
The plastics and petrochemicals industry could, in an ironic twist, get a boost from a new technology that scientists say can turn plastic waste into the holy grail of hydrogen Continue Reading
Most of Western Canada’s oil production has been restored, according to the Canada Energy Regulator, but U.S. oil producers haven’t had as much luck. Both countries had to curtail oil Continue Reading
The Port of Long Beach has had its busiest month and highest quarterly throughput in its 109-year history on the back of a demand surge on the eastbound trans-Pacific lane. Continue Reading
Cheniere Energy, the biggest LNG exporter in the US, received no cargo cancellations from customers for December loading at its two terminals, market sources said Oct. 21. Receive daily email Continue Reading
A new study finds ongoing operations and construction in Texas’ pipeline industry provided nearly $49 billion in economic impact last year. Ongoing operations and construction in Texas’ oil and gas Continue Reading
The U.S. is broadening the sanctions against service providers and those funding vessels involved in the construction of Nord Stream 2 in a fresh attempt to prevent the Russia-led gas Continue Reading
Highlights Nord Stream 2 to announce its plans in due course US broadened scope of sanctions threat on Oct. 20 Seen to put pressure on Akademik Cherskiy retrofit work London Continue Reading
European stocks hit their lowest level in almost a month on Thursday, as a fall in German consumer morale, worries about soaring coronavirus cases and a U.S. stimulus impasse weighed Continue Reading
British Airways owner IAG ICAG.L warned the travel slump from the coronavirus pandemic had deepened, forcing it to axe even more of its winter flying schedule after it reported on Continue Reading
Crude futures were lower in mid-morning trade in Asia Oct. 21, erasing overnight gains, after data from the American Petroleum Institute pointed to a build in US crude inventories and Continue Reading
Oil surged to a seven-week high in New York as U.S. lawmakers negotiated the size of a potential spending bill to boost economic recovery, presenting a rare bright spot for Continue Reading
Energy prices settled higher Oct. 20 amid signs of progress on a US coronavirus stimulus bill, but demand outlooks remained under pressure amid renewed social restrictions in Europe. NYMEX November Continue Reading
Oil bulls predict demand for oil will snap back quickly as global economic conditions improve. The International Energy Agency (IEA), on the other hand, expects a more muted recovery. Not Continue Reading
During America’s last election cycle, one of President Trump’s key campaign promises was to revive the dying coal sector and bring back coal jobs. But even intense lobbying by the Continue Reading
“It is unrealistic to suggest that renewables could replace conventional baseload fuels. “–Gregory Boyce, former CEO Peabody Energy Corp., 2010. Every time an oil and gas major announces a major Continue Reading
Oil markets retained strength over the past week despite many bearish factors influencing the global economy. COVID-19 cases spiked in Europe leading to new lockdown measures in France and the Continue Reading
Oil prices are set to recover beginning in the second quarter next year, helping Iraq’s oil industry and its plans to increase production capacity, Iraqi Oil Minister Ihsan Abdul Jabbar Continue Reading
While the deeply impoverished South American country of Guyana is attracting the lion’s share of attention when it comes to oil, it is neighboring Suriname where the next major petroleum Continue Reading
Lagos was under lockdown on Wednesday as a heavy police presence enforced a round-the-clock curfew, hours after soldiers opened fire on protesters in Nigeria’s biggest city, witnesses said. Slideshow ( Continue Reading
Authorities on Tuesday imposed a round-the-clock curfew on the Nigerian state of Lagos – including Africa’s biggest city – in response to protests against alleged police brutality which they said Continue Reading
Armenia and Azerbaijan said on Tuesday their foreign ministers would meet U.S. Secretary of State Mike Pompeo in Washington on Friday in efforts to end the heaviest fighting in Nagorno-Karabakh Continue Reading
The desolate red sands of the Pilbara region in western Australia, home to most of the iron ore mines that account for a major chunk of the nation’s export income, Continue Reading
Highlights Biden plan would decarbonize electricity by 2035 Trump’s efforts to save coal have largely failed New York — A Democratic victory in the approaching U.S. elections would accelerate the Continue Reading
Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts and executives said. Pioneer Natural Resources Co, one Continue Reading
Pioneer Natural Resources Co PXD.N said on Tuesday it would buy smaller rival Parsley Energy Inc PE.N for $7.6 billion, including debt. Parsley, focused on the Permian basin, will receive Continue Reading
Russia’s second-largest producer, Lukoil, is eager to increase its oil production in Iraq once the production cuts of the OPEC+ group end, Egor Zubarev, Managing Director of Lukoil Mid-East, told Continue Reading
