Natural gas production and liquefied natural gas (LNG) exports, including in the United States, could get a boost from a relatively new and not-so-self-evident revenue stream—the global shipping industry. Driven Continue Reading
Pressured by plunging oil prices and the need to adjust to the lower oil demand, U.S. oil producers have slashed costs and managed to bring down their average breakeven costs Continue Reading
As Chapter 11 filings by US E&Ps continue to pile up, onshore oil production from companies that filed for bankruptcy in the last two years is set to decrease by Continue Reading
The first VLGC powered by liquefied petroleum gas was headed toward the Panama Canal Dec. 17 after loading at Enterprise Products Partners’ hydrocarbon terminal on the Houston Ship Channel, Platts Continue Reading
With clean hydrogen gaining recognition worldwide as a carbon-free fuel capable of making a significant contribution to addressing climate change, Southern California Gas Co. (SoCalGas) will field test a new Continue Reading
A total 45 bankruptcies in the North American E&P patch were filed in 2020, the second-highest number since oil prices abruptly plummeted to the $50/b level six years ago, Haynes Continue Reading
President-elect Joe Biden will tap US Representative Deb Haaland, Democrat-New Mexico, to head the US Department of the Interior, in a move that could potentially curb fossil fuel development on Continue Reading
The North American Council for Freight Efficiency (NACFE) released its latest Guidance Report , Making Sense of Heavy-Duty Hydrogen Fuel Cell Tractors . Almost every day there is a new Continue Reading
Sweden’s King Carl XVI Gustaf says 2020 was a terrible year Sweden’s king has said his country “failed” to save lives with its relatively relaxed approach to the coronavirus pandemic. Continue Reading
Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT. “This means that, while we’re not completely Continue Reading
U.K. retail sales fell in November as shoppers stayed home during an England-wide lockdown, although the decline wasn’t as sharp as some analysts feared. The volume of sales in stores and Continue Reading
Siemens AG sees the rail market bouncing back from a coronavirus slump, aided by an international push to slash carbon-dioxide emissions from transport. The global market for trains and related Continue Reading
Australia is studying plans to transform a disused underground coal mine into a pumped hydro facility, part of a wider effort to reuse retiring fossil fuel sites for renewable energy Continue Reading
At the core of Russia’s hydrocarbons-related power is its Arctic oil and gas reserves , with the Russian Arctic sector comprising over 35,700 billion cubic metres of natural gas and Continue Reading
Lloyd’s of London, the world’s largest insurance market, said it’s joining efforts to support the pivot to a lower carbon economy and set out a timetable to phase out coverage Continue Reading
Oil extended gains from the highest settlement in almost 10 months after broader markets rallied and American crude stockpiles declined more than expected. Futures in New York rose 0.5% to Continue Reading
Oil closed higher on a surprise decline in U.S. crude inventories, but gains were limited with increased gasoline and diesel supplies underscoring weaker fuel demand. Futures in New York rose Continue Reading
Crude futures settled higher Dec. 16 on the heels of a larger-than-expected US crude inventory draw. Not registered? NYMEX January WTI settled 20 cents higher at $47.82/b and ICE February Continue Reading
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 11. The report came out Continue Reading
Oil prices, defined as an average of Brent , West Texas Intermediate , and Dubai prices , are expected to rise to an average of $44 per barrel next year Continue Reading
Oil market optimism risks derailing its own recovery, with the recent rise in crude prices above $50/b possibly harming demand and incentivizing additional supply. Hopes that vaccines will revive the Continue Reading
Smack dab in the middle of an oil price crisis caused by an unprecedented demand loss, Exxon announced the latest in a string of discoveries off the eastern South American Continue Reading
Egypt and Iraq have signed an oil-for-reconstruction plan this December, expected to come into effect once constitutional procedures have been completed. This deal marks the start of several joint projects Continue Reading
Saudi Arabia reduced its budget plan for 2021 by 7 percent from this year’s in response to the economic fallout of the pandemic, which pushed oil prices to multi-year lows. Continue Reading
Iraq has extinguished a fire at two wells in the northern Khabbaz oil field, oil minister Ihsan Ismaael said Dec. 16, after they were set ablaze on Dec. 9 in Continue Reading
Iranian President Hassan Rouhani said Thursday that he has “no doubt” the incoming U.S. administration will rejoin the 2015 nuclear deal and remove punishing sanctions on Iran’s economy. His remarks Continue Reading
India hasn’t put the pandemic behind it, but its oil refineries have. Three state-run processors including Indian Oil Corp., the nation’s top refiner, are currently operating at close to 100% capacity or Continue Reading
For nearly 80 years, Mexico kept its borders closed to foreign oil interests, with the state-owned and -run Petroleos Mexicanos (Pemex) being the only entity allowed to drill for gas Continue Reading
Tropical rains have washed away most outward traces of the oil spill that ravaged Rio Seco this fall. But the fishing village in the shadow of Venezuela’s main refining hub Continue Reading
China’s Zhejiang, Hunan and Jiangxi provinces, along with the autonomous region of Inner Mongolia, had restricted the electricity usage of industry and government agencies to combat the shortages of electricity Continue Reading
China’s electric vehicle sales would be more than 1.3 million units in 2020, up 8% year on year, Xu Haidong, the deputy chief engineer of China Association of Automobile Manufacturers, Continue Reading
For 2021, Toyota has fully rebooted the Mirai, originally offered in 2016, as a premium rear-wheel drive sports-luxury fuel cell electric vehicle (FCEV) with striking design, cutting-edge technology, more engaging Continue Reading
Native Alaskans and environmental groups are asking a federal court to block the Trump administration from selling oil drilling rights in the Arctic National Wildlife Refuge. (Bloomberg) — Native Alaskans Continue Reading
US gasoline inventories climbed for a fifth straight week in the week ended Dec. 11 as pandemic lockdowns weighed on demand, US Energy Information Administration data showed Dec. 16. Receive Continue Reading
President-elect Joe Biden continued to make choices for top officials in his cabinet that underscore his emphasis on combatting climate change and accelerating the move toward a clean energy transition, Continue Reading
Highlights Argues for gas plus CCS as backup Worries about cost implications of 100% renewables President-elect Biden should strike a new bargain in which Washington supports a role for gas Continue Reading
t’s a tale as old as time: there’s a new sheriff in town, and the first item on the agenda is wiping out or otherwise undermining the policies of the Continue Reading
One public hospital in Los Angeles is at a level below triage when it will have to discourage people from coming altogether Medical staff perform a tracheotomy on a covid Continue Reading
When Jennifer Granholm was governor of auto-manufacturing Michigan, she led a charge that secured a whopping $1.35 billion in federal funding for companies to make electric cars and batteries in Continue Reading
Five different decarbonization pathways examined Grid may need to triple in size by midcentury The U.S. can completely decarbonize its economy by midcentury without spending significantly more on energy, according Continue Reading
Elevated price volatility and trade volume at the US benchmark Henry Hub this autumn will likely continue into 2021 as domestic production weakness keeps the market off balance. Receive daily Continue Reading
New Mexico’s State Land Office is putting an end to the commercial sale of fresh water for oil and gas developments to protect the state’s scarce freshwater resources. Effective December Continue Reading
Electric vehicles (EVs) are set to erase the current price advantage of conventional cars when battery pack prices drop to $100 per kilowatt-hour in 2023, BNEF’s new 2020 Battery Price Continue Reading
Monitoring and maintenance of pipelines costs energy companies approximately $1.4 billion every year . But what if innovative solutions could help rein in this cost by automating monitoring processes and Continue Reading
Exports of liquefied natural gas (LNG) out of the United States hit an all-time high in November due to recovering global gas demand and prices and unplanned outages at LNG Continue Reading
Despite market uncertainty and construction delays in the pandemic, U.S. renewable power capacity installations have surged to a record this year. Both the solar and wind power markets will see Continue Reading
Electric vehicles may cost about the same as their gas-guzzling brethren in just three or four years — and only get cheaper from there, according to a new report from Continue Reading
The hydrogen-powered aviation startup ZeroAvia Inc. has raised $37.7 million from the U.K. government and a group of investors that includes funds founded by Bill Gates and Amazon.com Inc. ZeroAvia said it Continue Reading
U.S. drivers are facing the highest pump prices in two months, a consequence of the costlier crude oil used to make the fuel. Domestic retail gasoline averaged $2.19 a gallon on Continue Reading
The California Coastal National Monument started with 1,711 acres of donated land, then expanded with the help of funding from the Land and Water Conservation Fund. Now it offers unique Continue Reading
