U.S. refiners have started to release plans to lower their carbon footprints, with a focus on reducing Greenhouse Gas (GHG) emissions by boosting renewables output, and through carbon capture programs. Continue Reading
US crude oil inventories likely declined during the week ended Jan. 15 as exports remained steady, an S&P Global Platts analysis showed Jan. 19. Total commercial crude oil stockpiles are Continue Reading
US well completions activity should help to drive oilfield services growth in 2021, with more activity seen in Latin America and Asia as well, Halliburton’s CEO said on an earnings Continue Reading
The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some Continue Reading
Halliburton Co on Tuesday predicted a recovery in the global oil and gas industry from the second quarter after the oilfield services provider beat profit estimates on cost cuts and Continue Reading
Russia is preparing to make the earliest-ever shipment of liquefied natural gas to Asia, taking advantage of thinning ice in the Arctic Ocean and paving the way for a record-long Continue Reading
Gazprom has warned investors that the Nord Stream 2 pipeline project could be suspended or discontinued due to “political pressure,” among other exceptional circumstances, the Russian gas giant says in Continue Reading
The US has imposed sanctions against Russia-based KVT-RUS — owner of the pipe laying vessel Fortuna — because of its role in the construction of the Nord Stream 2 gas Continue Reading
Germany’s coronavirus deaths reached a record and Chancellor Angela Merkel extended restrictions, warning of possible travel curbs to keep out new strains. A study on the South African variant raised concern Continue Reading
Mercedes-Benz is taking on one of the most complex industry challenges with the rollout of its battery-powered EQA: selling small electric cars without a big profit squeeze. The brand’s first Continue Reading
Brent oil rose past $55 a barrel — with some assistance from a weaker dollar — even as the International Energy Agency cut its demand outlook for the rest of the Continue Reading
Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened. Futures in New York fell 0.5%. Premiums for Russia’s Continue Reading
Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the coronavirus outweighed a better-than-expected Continue Reading
The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a Continue Reading
Global oil demand will be lower in 2021 than previously expected, the International Energy Agency said on Tuesday, as renewed lockdowns to contain the coronavirus pandemic hit consumption. The IEA said Continue Reading
German Chancellor Angela Merkel is holding talks on a possible extension of the country’s virus measures, with curfews under consideration. European Union member states will be warned by the bloc’s Continue Reading
The world is on the brink of “catastrophic moral failure” because of the unequal distribution of Covid vaccines, the head of the World Health Organization (WHO) has warned. Tedros Adhanom Continue Reading
Using technology to suck carbon dioxide out of the sky has long been dismissed as an impractical way to fight climate change — physically possible, but far too expensive to Continue Reading
Gas-based “blue” ammonia will comprise the bulk of future hydrogen transportation given its lower production costs compared with renewable ammonia and the ease in transport compared with liquified hydrogen, equity 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
The International Energy Agency says oil and gas companies aren’t doing enough to reduce the release of methane, a potent source of planet-heating emissions, that is seeping out of pipelines Continue Reading
A leak that forced the shutdown of an oil pipeline in Libya has reduced its recovering oil production by as much as 200,000 bpd, Bloomberg reports , noting the challenges Continue Reading
Adnoc, the Abu Dhabi state oil company, Adu Dhabi Investment Holding, and Mubadala Investment Co., two state investment funds, have teamed up in an Abu Dhabi Hydrogen Alliance to develop Continue Reading
Tankers carrying oil from Iran to Syria have been intercepted in the Red Sea and delayed shipments of oil to Syria, the Prime Minister of Syria, Hussein Arnous, was quoted Continue Reading
Iran and China look to exploit Saudi oil deficit with new push in West Karoun Iran And China Exploit Saudi Weakness With New Oil Megaproject Iran And China Capitalize On Continue Reading
The first export cargo of Nigeria’s newest crude grade Anyala is on its way to Northwest Europe, trading and shipping sources said on Jan. 18. Receive daily email alerts, subscriber Continue Reading
Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse Continue Reading
When the Chinese city of Wuhan went into lockdown due to coronavirus a year ago this week, the country’s economic and political model seemed to face a moment of reckoning. Continue Reading
China is battling the worst outbreak of COVID-19 since March 2020, with one province posting a record daily rise in cases, as an independent panel reviewing the global pandemic said Continue Reading
China’s automotive-chip shortage could persist for as long as a decade, but it has little to do with the current supply glitches snarling production, according to the official who oversees Continue Reading
After a pandemic-hit slow start to 2020, China’s refiners boosted production from April, thanks to ultra-low crude oil prices and a rebound in the Chinese economy and fuel demand, setting Continue Reading
Highlights JKM drop triggers fear of abundant spring LNG deliveries to Europe Asian storage demand expected to cushion as stock fell below 3-year average But summer arbitrage opportunities to Europe Continue Reading
Enthusiasm for electric vehicles has long been held back by concerns about battery life, but what if drivers were able to charge their cars while driving? Several automotive, utility and Continue Reading
Signaling his commitment to quickly confront climate change, President-elect Joe Biden is planning to move within days to quash the controversial multibillion-dollar Keystone XL pipeline, according to two individuals familiar Continue Reading
U.S. President-elect Joe Biden’s expected move to cancel the Keystone XL pipeline prompted Canada’s main oil-producing province of Alberta on Monday to threaten to seek damages as Ottawa made efforts Continue Reading
Shareholders have approved ConocoPhillips’ acquisition of Concho Resources. PHOTO SOURCE: ConocoPhillips ConocoPhillips (NYSE: COP) reported Friday that it has completed its acquisition of Concho Resources (NYSE: CXO), with shareholders of Continue Reading
When Hurricane Zeta made landfall on the Gulf Coast in October, 2.6 million people in the Southeast U.S. were left in the dark. From the Mississippi coast to Atlanta to Continue Reading
The United States has informed Germany that it plans to impose sanctions on a Russian pipe-laying ship involved in construction of the Russian-led Nord Stream 2 gas pipeline from Russia Continue Reading
German Chancellor Angela Merkel is likely to agree with regional leaders on Tuesday stricter requirements for working from home among other measures as they try to rein in the coronavirus, Continue Reading
Signaling his commitment to quickly confront climate change, President-elect Joe Biden is planning to move within days to quash the controversial multibillion-dollar Keystone XL pipeline, according to two individuals familiar Continue Reading
European car sales plunged by nearly a quarter last year as the pandemic provoked the worst crisis ever to hit the capital-intensive industry. New car registrations sank by 23.7%, or Continue Reading
After western demand for Asian-made goods rebounded in the second half of the 2020, competition among shippers for available containers sent freight rates soaring © Costfoto/Barcroft Media/Getty The cost of Continue Reading
Russia’s imports of gasoline surged eight times in November compared to October, after the end of a four-month ban on refined oil product imports ended in October, according to data Continue Reading
Oil edged lower in Asia as a stronger dollar and a still-surging coronavirus outweighed Chinese economic data that beat estimates. Futures in New York fell toward $52 a barrel after closing down Continue Reading
The coronavirus pandemic delivered a lingering, and possibly permanent, hit to business travel that is likely to weigh on employment and economic growth in some communities for years. Beyond the blows to airlines, Continue Reading
Aggregate fossil fuel demand on a global-scale is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of Continue Reading
Emissions of planet-warming methane fell last year as oil and gas production declined, but they were still equivalent to the European Union’s total carbon dioxide emissions. Oil and gas operations emitted Continue Reading
The International Energy Agency on Jan. 18 called on on companies, governments and regulators to take “urgent action” to cut methane emissions from the oil and gas sector, and warned Continue Reading
Massive blackouts and smog have hit cities across Iran. It’s a toxic mix as the country, already under economic duress and suffocating U.S. sanctions, simultaneously battles the region’s worst coronavirus outbreak. Continue Reading
Washington’s European allies hope the incoming Biden administration will take swift steps to restore the Iran nuclear deal amid mounting pressures, including Tehran’s boost in uranium enrichment and elections later Continue Reading
