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
Oil Majors Poised To Make Biggest Geothermal Investments In 30 Years
The green energy revolution is well and truly underway. Renewables have proven to be highly resilient, emerging as the only energy sector to record any kind of growth at a Continue Reading
Biden’s Green Energy Boom Could Send These Electric Vehicle Stocks Soaring
Elon Musk is now the richest person in the world–richer than Bezos. And Tesla (NASDAQ:TSLA) has gained over 700% in a year, while Chinese Nio (NYSE:NIO) has soared over 1,300% Continue Reading
Oil services companies signal worst is over for sector
The companies that carry out the oil industry’s grunt work have signaled that the worst crash in decades is over but cautioned that the sector was still many months away Continue Reading
Nord Stream 2 says pipe-laying vessel has started work in Danish waters
A pipe-laying vessel has started work in Danish waters ahead of the resumption of construction of the Nord Stream 2 gas pipeline, the consortium behind the project said on Sunday, Continue Reading
BP’s oil exploration team swept aside in climate revolution
Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of Continue Reading
Head of French health regulatory body: COVID situation is worrying
The COVID-19 situation in France is worrying, the head of the country’s Haute Autorite de Sante (HAS) health regulator told France Inter radio on Monday, as President Emmanuel Macron’s government Continue Reading
Shell to acquire UK’s largest electric vehicle charging network
Royal Dutch Shell said on Monday it was acquiring the owner of the UK’s largest public electric vehicle charging network, ubitricity, for an undisclosed amount. The deal for the company Continue Reading
Dutch police clash with anti-lockdown protesters in 2 cities
Rioters set fires in the center of the southern Dutch city of Eindhoven and pelted police with rocks Sunday at a banned demonstration against coronavirus lockdown measures, while officers responded Continue Reading
H2morrow steel concludes feasibility study of blue hydrogen for steel mill; partners to continue cooperation
Norwegian-based broad energy company Equinor, gas transmission system operator OGE and steel producer thyssenkrupp Steel Europe have concluded their joint feasibility study started in October 2019 and will continue their Continue Reading
Oil Prices Fall Amid Rising US Inventories
Oil declined the most in a week with rising U.S. crude stockpiles seen as an obstacle facing a market that is still recovering from a pandemic-induced demand slump. Futures fell Continue Reading
Bearish EIA Inventory Report Sends Oil Prices Lower
Crude oil prices fell further today after the Energy Information Administration reported a crude oil inventory build of 4.4 million barrels for the week to January 15. This compared with Continue Reading
Oil Tumbles As Chinese COVID Cases Rise
Oil prices tumbled more than 2.5 percent early on Friday, dragged down by concerns that oil demand in the world’s top oil importer, China, could falter amid rising COVID-19 cases Continue Reading
Energy Shares Plunge As Oil Rally Stalls
Energy shares were hit hard as the oil rally came to a halt, with new lockdowns reigniting oil demand fears With 2021 shaping up to be one of the most Continue Reading
Goldman Bullish On Oil As It Eyes Major Relief Package
Oil prices will be supported this year by the upcoming massive economic stimulus package in the United States and the low probability of much Iranian oil returning to the global Continue Reading
Non-OPEC September Oil Production Flat
A post by Ovi at peakoilbarrel Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Continue Reading
Southern Ocean is warming quickly, threatening ice in Antarctica
The Southern Ocean is one of the most important yet least explored and understood regions of the planet when it comes to determining how global warming may affect the future Continue Reading
Iran’s supreme leader makes online threats to attack golfing Trump
The image from the Khamenei-linked account appears to depict Donald Trump playing golf below an aircraft Iran’s Supreme Leader Ali Khamenei has posted online an apparent call for an attack Continue Reading
Iran Begins Boosting Oil Production
Iran has started ramping up its crude oil production eyeing a return to pre-sanction levels in a month or two, Deputy Oil Minister Amir Hossein Zamaninia told media, as quoted Continue Reading
ExxonMobil lifts force majeure on Nigerian Qua Iboe crude exports as production returns
Crude exports of Nigeria’s key crude Qua Iboe are set to resume for the first time in almost six weeks after a fire at the terminal halted production and loadings, Continue Reading
Panama Canal constraints persist for LNG tankers arriving without a reservation
LNG tankers passing through the Panama Canal without a reservation faced average wait times of more than a week Jan. 22, continuing the constraints that began in earnest in October. Continue Reading
Oil flow on Colombia’s Cano Limon-Covenas pipeline halted after attack
Oil flow through Colombia’s Cano Limon-Covenas pipeline was suspended on Friday after an attack with explosives started a fire, Cenit, a subsidiary of the country’s majority state-owned oil company Ecopetrol, Continue Reading
China Pushes for High-Level Meeting to Ease Tension With U.S.
Looking to reset the troubled U.S.-China relationship, Beijing is pressing for a meeting of its top diplomat with senior aides to President Biden to explore a summit between the two nations’ Continue Reading
China’s Offshore Purgatory Snares More Australian Coal Cargoes
After loading up with coal the DZ Weihai slipped into the turquoise waters off the coast of Australia this month and began a 14-day voyage to the southern Chinese port Continue Reading
GEV and Pacific Hydro sign MoU to explore export of green hydrogen using new compressed H2 ship
Australia-based Global Energy Ventures (GEV) and Pacific Hydro Australia Developments Pty Ltd (Pacific Hydro) have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground Continue Reading
World’s Top Oilfield Services Provider Optimistic About Oil Demand
The largest oilfield services provider, Schlumberger ( NYSE: SLB ), reported on Friday better-than-expected earnings for the fourth quarter and, like its rivals Halliburton and Baker Hughes, expects spending and Continue Reading
Alberta’s Premier: Killing KeystoneXL Is Gut Punch To Canadian Economy
The Premier of Alberta has called on the Canadian federal government to retaliate against the incoming U.S. administration after President Joe Biden said he would suspend the Keystone XL project. Continue Reading
US working natural gas volumes in underground storage decline 187 Bcf: EIA
The US Energy Information Administration reported the largest weekly draw from gas in underground storage of the current heating season on Jan. 22, but Henry Hub futures continued to flounder Continue Reading
Port of Corpus Christi crude shipments up 65% in 2020, sees record tonnage
The Port of Corpus Christi saw a 65% increase in crude shipments in 2020 to 96.4 million mt, leading to a record tonnage throughput of 159.7 million mt in a Continue Reading
US gasoline stocks tighten as demand sees largest uptick since June
US gasoline inventories saw a counter-seasonal decline in the week ended Jan. 15 amid a sharp uptick in demand, US Energy Information Administration data showed Jan. 22. Total gasoline inventories Continue Reading
U.S. Rig Count Increases As Oil Rally Takes A Breather
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 5 to 378. The oil and gas rig count has risen Continue Reading
Even without Keystone XL, U.S. set for record Canadian oil imports
CALGARY/NEW YORK (Reuters) – The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years Continue Reading
Canada must ‘respect’ decision to cancel Keystone XL, minister says
Canada’s energy minister said the country must “respect” Joe Biden’s decision to scrap the controversial Keystone XL pipeline and dismissed calls from provincial politicians to pursue punitive measures against the Continue Reading
U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline
Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their total proved reserves Continue Reading
Keystone Pipeline Cancellation Raises Pressure on Canadian Producers – WSJ
President Biden’s revocation of a permit for TC Energy Corp.’s Keystone XL pipeline is raising pressure on Canada’s energy industry to seek new markets for oil and gas, its top export. Mr. Biden revoked Continue Reading
Restoring Environmental Rules Rolled Back by Trump Could Take Years
President Biden, vowing to restore environmental protections frayed over the past four years, has ordered the review of more than 100 rules and regulations on air, water, public lands, endangered Continue Reading
Forget the ‘beginning of the end’, Covid is a permawar
San Francisco usually experiences an eerie change in January. The city’s casually dressed residents are suddenly infiltrated by thousands of suits, delegates at the annual JPMorgan healthcare conference. This year the Continue Reading
Eurozone and UK business activity slows sharply as lockdowns take toll
Business activity has dropped sharply in the eurozone and the UK in the latest sign that tighter restrictions to contain rising coronavirus infections are dragging economies towards a double-dip recession. A Continue Reading
British PM says new variant may carry higher risk of death
British Prime Minister Boris Johnson said on Friday the new English variant of COVID-19 may be associated with a higher level of mortality although he said evidence showed that both Continue Reading
EU hit by delay to Oxford/AstraZeneca vaccine delivery
AstraZeneca has warned EU countries to expect significant shortfalls to early deliveries of its coronavirus vaccine, in a fresh blow to the rollout of the bloc’s immunisation programme, European officials Continue Reading
Denmark’s coronavirus sequencing shows U.K. variant cases exploding
Like a speeding car whose brake lines have been cut, the coronavirus variant first spotted in Britain is spreading at an alarming rate and isn’t responding to established ways of slowing Continue Reading