Major oil companies joined the chorus in corporate America distancing themselves from their past political donations in the wake of the violent clash at the Capitol on Wednesday. At least Continue Reading
For decades, the potential for a nuclear catastrophe felt like a waking threat, just around the corner. Then, in 1968, many of the nations once responsible for pushing the world Continue Reading
A spell of cold temperatures last week revealed a mismatch between the U.K.’s goal to decarbonize and actions taken in order to keep the lights on. Low wind output was a Continue Reading
Shell will be cutting 330 jobs from its North Sea operations, mostly office jobs based in Aberdeen, the supermajor said on Tuesday, as carried by the BBC . The Aberdeen Continue Reading
Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, the companies said, marking a breakthrough for the mass production of renewable hydrogen. Continue Reading
In 2020, Volkswagen Passenger Cars delivered more than 212,000 electric cars in total (+158 percent versus 2019), including nearly 134,000 battery electric vehicles (+197 percent versus 2019). This brought the Continue Reading
Crude oil futures were rangebound during the mid-morning trade in Asia Jan. 12 as analyst expected profit-taking activities to put some pressure on a recent price rally, with any significant Continue Reading
Oil in New York climbed as the dollar declined, with the market assessing the potential for more supply after the International Energy Agency said a “big chunk” of U.S. shale is Continue Reading
The crude price rally stumbled Jan. 11, with futures settling mostly lower amid fresh pandemic demand growth concerns following the imposition of new lockdowns in Asia. Not registered? Receive daily Continue Reading
Goldman Sachs sees Brent crude rising to $65/b by the middle of 2021, up to six months earlier than previously forecast, as a demand boost from the rollout of COVID-19 Continue Reading
Oil closed little changed with a stronger U.S. dollar and broader market selloff sapping momentum from a recent rally. Futures in New York ended the session up 1 cent at Continue Reading
Over the past six months, excess U.S. crude oil and product inventories have declined from their surplus at the start of the summer of 2020. Petroleum inventories have been slowly Continue Reading
The United States is designating the Iran-aligned Houthi rebels in Yemen as a foreign terrorist organization, U.S. Secretary of State Mike Pompeo said on Sunday, after the Houthis are believed Continue Reading
The World Health Organization’s chief scientist warned that even as numerous countries start rolling out vaccination programs to stop COVID-19, herd immunity is highly unlikely this year. At a media Continue Reading
Saudi Arabia is preparing to return to global capital markets with a bond sale aimed at raising about $5 billion to help cover financing needs heightened by last year’s slide Continue Reading
Iran’s oil revenues have halved since the U.S. imposed sanctions on the Islamic Republic in 2018, Turkish news agency Anadolu reported , citing an Instagram post of the governor of Continue Reading
Foreign energy firms and contractors have to accept Iran’s new terms and conditions if they return to work in the country, Iran’s Oil Minister Bijan Zanganeh said on Monday. “If Continue Reading
A zero-carbon city will be built on the site of the Neom smart city project, Crown Prince Mohammed bin Salman said on Sunday, as quoted by Reuters. The city, dubbed Continue Reading
Ehe National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil production by Continue Reading
OPEC and its allies raised their crude oil production by 280,000 b/d in December to a seven-month high, as Libya pumped its most since mid-2013 and several other countries posted Continue Reading
Iran has been waiting since former U.S. President, Donald Trump, unilaterally pulled his country out of the Joint Comprehensive Plan of Action (JCPOA) in May 2018 and then re-imposed sanctions Continue Reading
A blast of cold weather in northeast Asia and a shortage of ships for transporting gas have sparked a scramble for cargoes of liquefied natural gas, igniting a steep rise Continue Reading
Shell has restarted production of liquefied natural gas at its Prelude offshore project in Australia after almost a year’s suspension. “LNG cargoes have resumed from Shell’s Prelude FLNG facility,” Argus Continue Reading
Another big battery project has been announced in Australia, as energy storage developers rush to profit from the nation’s abundant sunshine and wind resources. Origin Energy Ltd. issued an expression of Continue Reading
The scarcity of on-the-water LNG cargoes heading to Asia and a constriction in supply for loading in late January meant that buyers of prompt deliveries have been left with a Continue Reading
Worsening ice conditions at China’s northern ports could disrupt shipping activity and cargo deliveries, at a time when the region is experiencing fuel shortages due to record low temperatures. Not Continue Reading
Carnival Corp. CCL -1.61% said it is continuing to burn cash and expects to post another sizable loss after almost a year since onboard coronavirus outbreaks brought its voyages to a halt in the Continue Reading
The decline in oil and natural gas prices in 2019 interrupted a 2-year trend of rising proved reserves of oil and natural gas in the United States. Proved reserves of Continue Reading
The Age of Renewable Energy is upon us, with the global shift to renewable energy in full swing, but like any huge rally, the divide between the bulls and the Continue Reading
An international team of researchers demonstrated that pulverized coal powder can be converted into high-value nano-graphite in just 15 minutes. In a study published in the journal Nano-Structures & Nano-Objects Continue Reading
It’s long been established that warming temperatures cause more frequent and intense precipitation. But placing a dollar value on the contribution of climate change to storm damage has been tricky. Now, Continue Reading
There’s a breaking energy story that could potentially be a repeat of Texas’ multi-billion dollar Midland Basin… A basin that has been producing since the 1930s and won’t reach peak Continue Reading
Tesla may be closer to producing the US$25,000 electric vehicle sooner than the market thought, according to media reports. At Tesla’s Battery Day in September 2020, Elon Musk said that Continue Reading
Recent growth in industrial natural gas demand has continued into January, outperforming year-ago levels, despite recently expanded lockdowns related to the ongoing coronavirus pandemic. Receive daily email alerts, subscriber notes Continue Reading
Three species of farm-cultivated bamboo towering in Hawkinsville, Georgia. Credit: Audrey Gray This report was made possible in part by the Fund for Environmental Journalism of the Society of Environmental Continue Reading
Chesapeake Energy Corp’s value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer’s trial indicated, and is worth $5.13 billion, far above the shale Continue Reading
President-elect Joe Biden’s pick for attorney general, U.S. Appeals Court Judge Merrick B. Garland, is set to bring deep expertise on environmental law to the Justice Department. Garland is best Continue Reading
With infections rising throughout Britain, England’s chief medical officer, Chris Whitty, warned Monday that the next few weeks could be the “worst” of the pandemic, and British Prime Minister Boris Continue Reading
Mercedes-Benz experienced a sharp increase in xEV deliveries in 2020, with more than 160,000 plug-in hybrids and all-electric vehicles sold worldwide (+228.8%), including about 87,000 units in the fourth quarter Continue Reading
Oil edged lower as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months. Futures in New York lost Continue Reading
China said an expert team from the World Health Organization will visit on Jan. 14 to investigate the origins of the coronavirus, following a rare rebuke last week from the global Continue Reading
The roll-out of coronavirus vaccines in many countries will not provide herd immunity from the global pandemic this year, several health experts said on Monday, citing limited access for poor Continue Reading
As the outlook for oil is uncertain for 2021, following a turbulent 2020, companies look toward new technologies and innovation to drive the industry forward. From Houston to Scotland, we Continue Reading
High in the atmosphere above the North Pole, a spike in temperatures may soon send bone-rattling chills spilling down through the Northern Hemisphere.The icy blasts threatening to sweep across North Continue Reading
With Brexit out of the way, Green will be the buzzword of the year in Brussels. Under the EU’s massive economic recovery program, more than 500 billion euros will start flowing to Continue Reading
The West Coast drinks from the wind. When westerly gales carry humid air from the Pacific Ocean into the Sierra Nevada and the Cascade mountain ranges, the West turns green, Continue Reading
A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in Continue Reading
Three of OPEC’s biggest oil producers raised monthly pricing for shipments to Asia, their largest regional buyer, after markets tightened on Saudi Arabia’s plan to slash output. Iraq, Abu Dhabi and Continue Reading
The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, is rarely far from the center of global tensions. A major shipping route that handles around Continue Reading
Iran’s capture of a South Korean-flagged tanker at sea last week has been described by the US as extortion. But Tehran says it is Seoul that is the hostage taker Continue Reading
