Will Biden Lift Sanctions On Venezuela?
The country with the largest proven oil reserves in the world, clocking in at a whopping 299,953,000,000 barrels of proven oil, is currently suffering a fuel shortage so great that Continue Reading
China Overtakes U.S. as World’s Leading Destination for Foreign Direct Investment
China overtook the U.S. as the world’s top destination for new foreign direct investment last year, as the Covid-19 pandemic amplifies an eastward shift in the center of gravity of Continue Reading
The Latest: New virus clusters hit China’s north provinces
A Chinese city has brought 2,600 temporary treatment rooms online as the country’s north battles new clusters of coronavirus. The single-occupancy rooms in the city of Nangong in Hebei province Continue Reading
Heatwave sweeps Australian cities and raises bushfire danger
A bushfire burning in the Adelaide Hills A heatwave sweeping south-east Australia has sent temperatures soaring in the nation’s biggest cities and escalated the threat of bushfires. A large blaze Continue Reading
Canada’s Trans Mountain pipeline sees fortunes shine after KXL’s demise
The expansion of Canada’s government-owned Trans Mountain pipeline assumes greater importance for the oil sector after the cancellation of rival Keystone XL reduced future options to carry crude, potential buyers Continue Reading
Oil Industry Reels as Biden Targets Fossil Fuels in First Days
Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his Interior Department mandated that only top Continue Reading
Goldman Sachs: Biden’s Federal Land Drilling Ban Is Bullish For Oil
Oil stocks tumbled following yesterday’s one-two punch of Biden energy news, when first we learned that the Interior Department enacted a 60-day moratorium on issuing oil and gas leases that Continue Reading
Boeing commits to deliver commercial airplanes ready to fly on 100% sustainable fuels by 2030
Boeing is committing that its commercial airplanes are capable and certified to fly on 100% sustainable aviation fuels (SAF) by 2030. Boeing has previously conducted successful test flights replacing petroleum Continue Reading
Will Keystone XL Fallout Lead to the Courtroom?
Here is a look back at some of Rigzone’s most viewed downstream-related articles from the past week. The fate of TC Energy’s Keystone XL pipeline project figured prominently on Rigzone Continue Reading
U.S. oil refiners set for worst earnings quarter of the pandemic
U.S. refiners are girding for a painful slate of fourth-quarter earnings, reflecting the pressure of rising crude prices, weak demand due to renewed COVID-19 travel restrictions, and higher costs of Continue Reading