Exxon Slashes Spending, Writes Down Assets
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Is Exxon’s Dividend Too High To Justify?
The energy sector has emerged as the best performer over the past few weeks, with WTI crude prices climbing to their highest level in nearly eight months thanks to a Continue Reading
U.S. Oil Production Is On The Rise Again
Crude oil production, including lease condensate, in the United States rose in September to 10.860 million barrels per day on average, according to the Energy Information Administration’s monthly report released Continue Reading
Utility union presses Biden to ease energy transition’s impact on coal workers
With the shift to cleaner power sources displacing workers in coal-reliant communities, one of the largest US trade unions for the utility sector hopes that President-elect Joe Biden will expand Continue Reading
ANALYSIS: US crude stocks expected lower as refinery runs, exports edge higher
US crude oil inventories likely declined in the week ended Nov. 27 amid an expected uptick in refinery demand and steady exports, an S&P Global Platts analysis showed Nov. 30. Continue Reading
EU emissions fell 3.7% in 2019 to lowest in 30 years: EC
The EU’s economy-wide greenhouse gas emissions fell by 3.7% in 2019 to the lowest in three decades, the European Commission said Nov. 30. Not registered? Receive daily email alerts, subscriber Continue Reading
Nord Stream 2 set to resume pipe-laying in German waters in December: notice
The developer of the almost-complete Nord Stream 2 gas pipeline from Russia to Germany is set to resume pipe-laying work in German waters next month, according to a notice to Continue Reading
German Joblessness Fell in November Despite Second Lockdown – Bloomberg
Germany’s labor market shrugged off a worsening pandemic and new restrictions, with unemployment unexpectedly declining for a fifth month in November.A drop of 39,000 left the total number of jobless Continue Reading
The World’s First Trial Of Green Hydrogen Heating
The UK and Scottish authorities are funding the world’s first trial of a 100 percent green hydrogen generation, storage, and distribution network to heat 300 homes in Scotland as part Continue Reading
Britain Bets Big On Battery Storage
The UK Department for Business, Energy and Industrial Strategy (BEIS) has approved the construction of the biggest battery storage project in the UK, and one of the largest such projects Continue Reading