The United States added dozens of Chinese companies, including the country’s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as Continue Reading
The latest oil and gas lease sale in Colorado generated just $630,556 for 32 parcels totaling 43,438 acres, the Bureau of Land Management said. The BLM had offered 42 parcels Continue Reading
1. China’s oil import surge ended – China’s imports of crude oil are set to jump 10% this year, but the import surge occurred during the downturn earlier this year Continue Reading
US oil and gas rigs rose by 10 to 414 in the week ending Dec. 16, rig data provider Enverus said, as operators continue to replace production setbacks earlier in Continue Reading
Renewable gases and zero-carbon hydrogen will play a key role in decarbonizing the US natural gas distribution system and the industry’s environmental stewardship, according to David Anderson, president and CEO Continue Reading
Southern California residents now have the option to pay a little extra to get some of their natural gas from landfills and cow manure. (Bloomberg) — Southern California residents now Continue Reading
The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment in the industry, the president of Continue Reading
Oak Ridge National Laboratory (ORNL) researchers have developed a new family of cobalt-free cathodes with the potential to replace the cobalt-based cathodes typically found in today’s lithium-ion batteries that power Continue Reading
Canada Minister of Natural Resources Seamus O’Regan, released a national SMR Action Plan, which responds to the 53 recommendations identified in Canada’s SMR Roadmap that was launched in November 2018. Continue Reading
The total counts of rotary drilling rigs operating in the US and Canada moved in opposite directions this week, Baker Hughes reported Friday. The total counts of rotary drilling rigs Continue Reading
Meat packers across North America are bracing for a resurgence of coronavirus cases, trying to avoid the shutdowns that left supermarket shelves empty earlier in the pandemic. Cargill Inc. has temporarily idled Continue Reading
U.S. Rep. Deb Haaland (D-NM), President-elect Joe Biden’s choice for Interior Secretary, at the U.S. Capitol in January 2019. Credit: Chip Somodevilla/Getty Images President-elect Joe Biden rounded out his climate Continue Reading
A trio of recent picks by President-elect Biden for his environmental team will put environmental justice issues at the center of his administration’s agenda. As Juliet Eilperin, Brady Dennis and Continue Reading
Next year is already set to be among the hottest on record, even as the planet experiences the temporary cooling effect of La Nina phenomenon. Average global temperatures for 2021 are forecast Continue Reading
Sweden’s government is recommending wearing face masks on public transport during the rush hour, reversing its earlier Covid guidance. It will also cut from the current eight to four per Continue Reading
Economic mobility in Europe’s biggest economies slipped in the week ending Dec. 13, according to Google data, as regional governments announced a new round of curfews, lockdowns, and travel limits Continue Reading
Danish electrolyzer startup Green Hydrogen Systems A/S raised 28 million euros ($34.3 million) to scale up production of the technology that’s at the heart of the European Union’s climate goals. Competition is Continue Reading
Wind turbines generated a record amount of U.K. power on Friday as the growing number of turbines at sea take advantage of the windy conditions off the coast. The record production is Continue Reading
The Wilhelmsen-led Topeka project, which aims to construct the first zero-emission hydrogen vessels, has been awarded NOK 219 million (US$25 million) by the Norwegian government-owned organization Enova. These funds will Continue Reading
The technology group Wärtsilä and Grieg Edge, the innovation hub of Norwegian shipping group Grieg Star, are jointly running a project to launch an ammonia-fueled tanker producing no greenhouse gas Continue Reading
President Vladimir Putin said Thursday that the Russian budget was becoming less dependent on oil and gas, key exports for one of the world’s dominant petro-economies. Putin told reporters during Continue Reading
Crude oil prices ticked down during midmorning trade in Asia Dec. 18 as renewed uncertainty about the US stimulus package emerged while pandemic considerations weighed on the market. Receive daily Continue Reading
Crude oil prices are on the rise again after a short reversal of fortunes prompted by a huge crude oil inventory build reported by the U.S. EIA last week and Continue Reading
Oil prices slid from nine-month highs on Friday, with soaring COVID-19 cases seen as a threat to near-term fuel demand and a strengthening of the U.S. dollar also having a Continue Reading
Oil climbed to the highest since February as U.S. lawmakers discuss a virus relief deal that could provide a near-term boost to demand ahead of a wider distribution of the Continue Reading
Since the Oil Crisis of 70’s and early 80’s, the price of crude oil has remained, mostly, in a $10-$30 band before breaking out of it in 2004. This breakout Continue Reading
Commodity trading giant Trafigura expects a strong rebound in oil demand next year thanks to mass vaccinations, which will push crude oil prices to $55-60 a barrel, Argus Media reported, Continue Reading
The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world’s demand for oil may peak. The rise Continue Reading
The global oil industry needs some $12.6 trillion in investments through 2045, the secretary-general of OPEC said at a videoconference, adding these investments would be essential for the industry to Continue Reading
Oil prices may be ticking upward, but oil demand still isn’t getting any relief from jet fuel demand, according to the Energy Information Administration’s This Week in Petroleum report published Continue Reading
Global coal demand is poised to rebound next year as the economy recovers and the U.S. and Europe may see the first increase in consumption in several years, the International Continue Reading
The lithium-ion battery that billions of people carry daily in their mobile phones is a Nobel Prize-winning scientific achievement. We’ve been living in the age of the lithium-ion battery ever Continue Reading
After decades of stagnation and multiple false dawns, the hydrogen economy appears primed for a major takeoff. A growing number of countries and industries are proactively investing in hydrogen technologies Continue Reading
A presidential election. A national reckoning over race and justice in America. A worldwide pandemic that ground economies to a halt. 2020 was a momentous year. Yet looming over each Continue Reading
Having lost out on buying stocks on the cheap during the global financial crisis, Saudi Arabia’s sovereign wealth fund wasn’t going to make the same mistake twice. So, when the Continue Reading
Saudi Arabia’s crude oil exports rose to 6.159 million barrels per day (bpd) in October, up by nearly 100,000 bpd from the 6.066 million bpd exports in September, data from Continue Reading
Iraq may be the birthplace of OPEC and its second largest oil producer, but the bonds of its membership to the exporters group are likely to be tested again in Continue Reading
Despite differing views on the pandemic, the OPEC+ alliance will continue to manage the oil market, Saudi energy minister Prince Abdulaziz bin Salman said Dec. 17. Receive daily email alerts, Continue Reading
This update reports data from the Monthly Oil Market Report (MOMR) published by OPEC on December 14, 2020. The latest data point in each chart presented is November 2020 and Continue Reading
The United States supports the EastMed pipeline project that is expected to deliver natural gas from offshore Israel via Greece and Cyprus to the wider European market, U.S. Secretary of Continue Reading
The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea) Venezuelan state oil company Petroleos de Venezuela has begun transferring crude Continue Reading
There is too much hype surrounding electric vehicles (EVs), one of the world’s top automakers, Japan’s Toyota, says, noting that the electricity needed to charge electric cars would strain grids Continue Reading
The U.S. is preparing to blacklist Semiconductor Manufacturing International Corp. and dozens of other Chinese companies, Reuters reported, citing people familiar with the matter. Shares in China’s top chipmaker slid 5.2% Friday Continue Reading
The U.S. Securities and Exchange Commission (SEC) approved on Wednesday in a 3-2 vote a final rule on resource extraction disclosures, relaxing the requirements for oil and mining companies to Continue Reading
Sinopec’s Economics & Development Research Institute, or EDRI, foresee China becoming the world’s top refiner with about 1 billion mt/year, or 20 million b/d, of capacity by 2025, its vice Continue Reading
The planned shutdown of some coal-fired power plants in South Korea will likely propel low sulfur fuel oil demand, which has already seen an increase due to stricter environmental rules Continue Reading
During the summer of 2020 , monthly exports of liquefied natural gas (LNG) from the United States were the lowest in 26 months but have since increased, and in November, Continue Reading
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens Continue Reading
As President-elect Joe Biden works to fill key roles in his administration, WSJ’s Gerald F. Seib outlines four characteristics of the prospective team. Photo: Laura Kammermann President-elect Joe Biden plans Continue Reading
Joe Biden’s decision to name two staunch environmentalists to the top climate and energy jobs in his administration underscores not only the urgency of the president-elect’s mission to tackle global Continue Reading
