After a year of non-existent liquefied natural gas (LNG) exports from one of the fastest-growing global suppliers, the United States, to the fastest-growing world importer, China, American LNG cargoes started Continue Reading
Tucked into a port in western Japan sits a spherical tank that may soon hold the country’s energy future. The import terminal in the city of Kobe, is slated to Continue Reading
For the lucrative business travel industry, Brian Contreras represents its worst fears. A partner account executive at a U.S. tech firm, Contreras was used to traveling frequently for his company. Continue Reading
Dave Sapsis went to bed on Sunday, Aug. 16, with a sense of foreboding. As the head of risk mapping at the California Department of Forestry and Fire Protection, he’d seen Continue Reading
Global liquid fuels The November Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity related to the COVID-19 pandemic has Continue Reading
The world’s largest independent oil trader, Vitol Group, is considering potential acquisitions in the U.S. shale patch, chief executive Russell Hardy said on the Reuters Commodity Trading Summit on Tuesday. Continue Reading
“This has probably been the most challenging quarter in past decades,” Schlumberger’s chief executive Olivier Le Peuch said in the second-quarter results release of the world’s largest oilfield services provider. Continue Reading
Winter gas prices at the US benchmark Henry Hub are down sharply over the past week as mild weather and buoyant production threaten to keep the market well supplied into Continue Reading
The US Energy Information Administration on Nov. 10 cut its outlook for 2021 global oil demand growth by 360,000 b/d from last month’s forecast to 5.9 million b/d on uncertainty Continue Reading
Oil and natural gas industry executives have given a cautious welcome to the prospect of a Joe Biden presidency in the US, with Occidental Petroleum CEO Vicki Hollub saying the Continue Reading
The US Energy Information Administration continues to forecast lower average levels of US natural gas production and consumption in 2021, compared with the prior two years, but has raised its Continue Reading
Texas’s oil regulator took action to reduce routine natural gas flaring but its efforts fall short of more aggressive measures requested by some investors and major producers. (Bloomberg) — Texas’s Continue Reading
The decline of ExxonMobil has been remarkable in its magnitude and unexpectedness. Why it matters: While all major oil companies are facing troubles, Exxon has fallen the farthest, in large Continue Reading
The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link Continue Reading
Joe Biden’s victory gives the people who dream up big climate ideas something they haven’t experienced in years: an opportunity to wield power in U.S. and shape the future of Continue Reading
Occidental Petroleum Corp. became the first major U.S. oil producer to aim for net zero emissions from everything it extracts and sells, accelerating an industry trend that’s become commonplace in Continue Reading
Tanks of liquid oxygen and tents for Covid-19 patients at the Hospitals of Providence Sierra in El Paso, Texas.Credit…Joel Angel Juarez for The New York Times Alex M. Azar II, Continue Reading
This satellite image released Tuesday by NOAA shows busy storm activity in the Gulf of Mexico. With the naming of Subtropical Storm Theta this week, the 2020 Atlantic hurricane season Continue Reading
Not every Republican lawmaker has publicly acknowledged that Joe Biden won the presidential election as President Trump refuses to concede. But trade groups often aligned with the GOP have already Continue Reading
Highlights 2020 coal production estimate lowest since 1965 Coal to make up 20.2% of 2020 power share; 24.8% in 2021 Houston — The US is estimated to produce 520.6 million Continue Reading
Ford Motor Company announced that its Kansas City Assembly Plant will build the all-new E-Transit van, part of a more than $3.2 billion investment in Ford’s North American manufacturing facilities Continue Reading
A new report from the National Renewable Energy Laboratory (NREL) finds that about 12.0% and 49.6% of the necessary Level 2 and DC fast EV charging equipment (EVSE), respectively, required Continue Reading
Electrify America has opened more than 500 electric vehicle (EV) charging stations across the US, with more than 2,200 individual DC fast chargers. Since opening its first site in May Continue Reading
In a new blow for US LNG in Europe, the High Court in Ireland has ruled to quash all development consents for the planned 5 Bcm/year Shannon LNG project. Receive Continue Reading
Russia’s Sputnik V vaccine is 92% effective at protecting people from COVID-19 according to interim trial results, the country’s sovereign wealth fund said on Wednesday, as Moscow rushes to keep Continue Reading
Crude oil prices pared back sharp overnight gains in mid-morning trade in Asia Nov. 10 as concerns over weak near-term demand fundamentals weighed on the rally spurred by the announcement Continue Reading
Oil extended gains, following Monday’s rally on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand. Crude futures in New York approached $41 a barrel, after advancing Continue Reading
Oil surged by the most since May as news of a potential Covid-19 vaccine breakthrough injected fresh hope that an end is in sight to the worst demand slump in Continue Reading
Pfizer Inc. said Monday that its COVID-19 vaccine may be a remarkable 90% effective, based on early and incomplete test results that nevertheless brought a big burst of optimism to Continue Reading
In meteorology, the “Fujiwhara effect” is a phenomenon that occurs when two cyclones come together to form a larger storm. In April 2020, a Fujiwhara effect of sorts hit the Continue Reading
It takes energy to accomplish any of the activities that we associate with GDP. It takes energy to grow food: human energy, solar energy, and–in today’s world–the many types of Continue Reading
The humble shipping container has a new status in the Covid-19 pandemic: hot commodity. Shortages of the ribbed steel boxes that have plied the global economy for a half-century are plaguing Continue Reading
The renewed lockdowns in major European economies are set to weigh on the oil demand outlook, Keisuke Sadamori, Director of the Office for Energy Markets and Security at the International Continue Reading
BloombergNEF (BNEF) published its New Energy Outlook 2020 (NEO) last week. The NEO projects the evolution of the global energy system over the next 30 years. It is widely utilized Continue Reading
Peak oil was supposed to have arrived a decade ago, but then the US tight oil boom spoiled the party. Can looking into the rear vision mirror now help us Continue Reading
It takes energy to accomplish any of the activities that we associate with GDP. It takes energy to grow food: human energy, solar energy, and–in today’s world–the many types of Continue Reading
$15 trillion: this is the amount of money to be invested in new power capacity globally over the next three decades. Most of this—80 percent—will be poured into renewables. This Continue Reading
Global LNG supply is expected to turn tight gradually in the next five years due to the delay of final investment decisions on many LNG projects, which would ultimately lift Continue Reading
It’s the latest signal that the group is reconsidering plans to hike production in January. (Bloomberg) — OPEC+ ministers talked openly about the possibility of tweaking their oil-cuts deal, the Continue Reading
OPEC+ could change the terms of its oil production cut deal if the members of the pact agree to do it, Saudi Energy Minister Abdulaziz bin Salman said today as Continue Reading
Libya’s crude oil production topped 1 million bpd, the National Oil Corporation said this weekend, although it added this level of production may not be sustainable. “It is worth mentioning Continue Reading
The net present value of Iran’s supergiant South Pars natural gas field has jumped from an estimated US$116 billion at this point last year to US$135 billion now, a senior Continue Reading
Group CEO of the Abu Dhabi National Oil Company (ADNOC) on Monday forecast that oil demand will reach more than 105 million bpd within the next decade. Dr. Sultan Bin Continue Reading
Middle Eastern oil producer Oman is looking to raise $3 billion in a debt issue next year via a new company expected to hold the country’s majority stake in its Continue Reading
Saudi Arabia’s economy contracted for a fifth straight quarter but the slump eased, according to estimates released on Tuesday by the statistics authority. Gross domestic product shrank 4.2%, still battered by Continue Reading
A Russian military helicopter crashed in Armenia Monday after it was shot down by Azerbaijan, killing two crew members, an incident that could prompt the Kremlin to depart from the Continue Reading
Russian peacekeeping troops deployed to the mountain enclave of Nagorno-Karabakh on Tuesday as part of a ceasefire deal designed to end six weeks of heavy fighting between Azerbaijan and ethnic Continue Reading
Nearly a decade ago South America’s emerging offshore oil boom was viewed as a fad triggered by soaring oil prices which by 2011 had recovered from the Great Recession to Continue Reading
Glaciers in China’s bleak, rugged Qilian mountains are disappearing at a shocking rate as global warming brings unpredictable change and raises the prospect of crippling, long-term water shortages, scientists say. Continue Reading
Chinese refineries will likely have to lower utilization rate in 2021 amid growing refining capacity and limited oil product outlets overseas, Han Bing, marketing director at PetroChina’s sales division said Continue Reading
