Electric vehicles cannot succeed without developing a nationwide network of fast-charging networks in parallel with the cars. Current EV business models are doomed unless manufacturers that have bet their futures Continue Reading
The partners in the Tamar gas field offshore Israel have reached a preliminary agreement over the marketing of gas production from the asset following a disagreement in 2020 over sales Continue Reading
Iraq’s federal oil exports in January rose 0.8% month on month amid signs OPEC’s second-largest producer continued to pump above its quota of 3.857 million b/d. Receive daily email alerts, Continue Reading
Singapore — 0352 GMT: Crude oil futures were buoyed as Saudi Arabia’s voluntary 1 million b/d production cuts, announced in January, took effect, even as concerns of flailing energy demand Continue Reading
Israel’s energy minister said on Tuesday it would take Iran around six months to produce enough fissile material for a single nuclear weapon, a timeline almost twice as long as Continue Reading
Iran tested a new rocket on Monday with improved technology that could be used in its missile program, its latest attempt to raise the stakes for the Biden administration ahead Continue Reading
More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be released for sale to the public if conditions are right, said the Governor of Saudi Arabia’s sovereign Continue Reading
Iraq’s oil exports increased slightly in January 2021 compared to December 2020, data from the country’s oil ministry showed on Monday, suggesting that Iraq is again looking to maximize oil Continue Reading
Driving in Lagos is a unique experience. Your first time on the bustling, hawker-filled streets of Nigeria’s biggest city will be like no other. The chaotic sounds of horns will Continue Reading
Average crude output by Venezuela’s state-owned PDVSA and its foreign partners in January rose to 520,000 b/d, or 100,000 b/d more than December, according to daily production reports reviewed by Continue Reading
The tiny South American countries of Guyana and Suriname are the focus of Latin America’s latest oil boom. A slew of oil discoveries by ExxonMobil since 2015 in its offshore Continue Reading
China, the world’s largest polluter, launched on Monday an emissions trading scheme as part of its efforts to become a carbon-neutral economy by 2060. The Chinese authorities introduced as of Continue Reading
Just days after residents of Perth, Australia’s fourth-largest city, were ordered to stay in because of the coronavirus, some were forced to flee their homes on Tuesday as a ferocious Continue Reading
China will witness positive growth in crude oil imports in 2021, albeit at a slower pace compared with 2020, as a sharp rebound in global oil prices and limited capacity Continue Reading
China’s state-run China National Offshore Oil Corp., or CNOOC, began planning its roadmap for reaching its carbon emissions peak and to achieve carbon neutrality in a high-level meeting in end-January, Continue Reading
Despite the retirement of 131.8 GW of coal-fired generation capacity since 2010, about 225.3 GW of such capacity remains operating today, led by Texas, Indiana and West Virginia, and replacing Continue Reading
China was the top destination for US LNG in January for the second month in a row, amid a historic run-up in Asian spot prices and despite ongoing constraints at Continue Reading
It’s one of the last hurrahs in the battle between the Trump administration and career scientists. More than a dozen high-level managers at one of the nation’s top science agencies Continue Reading
The U.S. economy is still deep in a recession and more fiscal relief will be needed to reach a full recovery and help some of the unemployed find jobs, two Continue Reading
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Smaller, slower and more profitable. These are the watchwords for Chesapeake Energy as it emerges from bankruptcy. Free of the colossal liabilities that sank it as the pandemic slashed global Continue Reading
What a difference two weeks make. America’s new president has taken admirably little time to address the climate change challenge his Democratic predecessor, Barack Obama, called the greatest threat to Continue Reading
Gas flaring in the largest U.S. shale plays has been in the spotlight since the shale revolution started. Pressure from society and ESG investors have recently turned up the heat Continue Reading
Powder River Basin coal production totaled over 42.1 million st in the fourth quarter of 2020, down 29.6% from the previous quarter and down 41.7% from the year-ago quarter, Mine Continue Reading
The nation’s unemployment rate will not return to its pre-pandemic levels through the rest of this decade, meaning millions could be out of work even after vaccines are widely distributed, Continue Reading
US crude oil inventory draws likely extended in the week ended Jan. 29 amid an uptick in export activity, an S&P Global Platts analysis showed Feb. 1. Receive daily email Continue Reading
Texas Governor Greg Abbott announced that he has issued an executive order relating to the protection of Texas’ energy industry from federal overreach. Texas Governor Greg Abbott announced that he Continue Reading
The chief executive officers of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two largest U.S. oil companies, Dow Jones reported, citing people familiar with the Continue Reading
Exxon Mobil Corp. pledged to spend $3 billion on low-emission technologies through 2025 to address investor concerns over its environmental record, unveiling a plan that comprises several projects that have Continue Reading
The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn’t expected to return to pre-pandemic levels until 2024, the Congressional Budget Office Continue Reading
The Senate is poised to approve Pete Buttigieg to be transportation secretary, the first openly gay person ever confirmed to a Cabinet post, tasked with advancing President Joe Biden’s wide-ranging Continue Reading
As a string of infrastructure projects hits the buffers, America’s oil and gas industry is facing up to an uncomfortable new reality: the era of building big new pipelines has Continue Reading
The U.S. oil industry has a message to President Joe Biden’s recent climate executive orders involving the oil and gas sector—restricting America’s oil production would increase its reliance on foreign Continue Reading
Highlights Prompt-month contract climbs 26 cents to low $2.80s Prices up 40+ cents from late-January low February outlook predicts colder temps for Midwest Prompt futures prices at the Henry Hub Continue Reading
The Washington state legislature held a public hearing on Clean Cars 2030, a bill reintroduced with 27 co-sponsors. The bill, HB 1204 / SB 5256 , requires all model year Continue Reading
On Wednesday January 27th, the International Energy Agency (IEA) released a long-awaited report called “Conditions and requirements for the technical feasibility of a power system with a high share of Continue Reading
BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of Continue Reading
BP is selling 20 percent of its 60-percent stake in a gas block in Oman to Thailand’s national oil company for US$2.6 billion as part of its plan to receive Continue Reading
Russia could turn to a national or contract jurisdiction court to protect its interests against interference against the completion of the Russia-led Nord Stream 2 gas pipeline project, Dmitry Medvedev, Continue Reading
The Nord Stream 2 gas pipeline project from Russia to Germany should be abandoned, a senior French government official said Feb. 1, given Moscow’s stance toward opposition politician Alexei Navalny Continue Reading
An EU plan for a fifty-fold increase in electric cars this decade to help cut greenhouse gas emissions will require an 80 billion euro ($96.5 billion) investment in charging points Continue Reading
Britain will need to install electric-vehicle charging points five times faster during this decade to prepare for a ban on the sale of new gasoline and diesel cars from 2030. Installations Continue Reading
BP reported a 96 per cent drop in fourth-quarter profits as the hit to energy demand from the pandemic and weaker trading results took the UK oil major to its Continue Reading
Oil climbed toward $53 a barrel — after the first back-to-back weekly declines since October — as investors weighed continued supply discipline from producers against a worsening short-term demand outlook. OPEC Continue Reading
We’ve known for decades that in order to curb the impact of perpetually rising carbon emissions, we would have to radically disrupt the machinations of global industry and change the Continue Reading
President Biden is eyeing an urgent restoration of the international nuclear deal with Iran as a first step to deal with a range of threats from that country, new national Continue Reading
Israel extended a national lockdown on Sunday as coronavirus variants offset its vaccination drive and officials predicted a delay in a turnaround from the health and economic crisis. Highlighting Israel’s Continue Reading
The chief executives of Exxon Mobil Corp. XOM -2.65% and Chevron Corp. CVX -4.29% spoke about combining the oil giants after the pandemic shook the world last year, according to people familiar with the talks, testing the waters for what Continue Reading
China’s factory activity grew at the slowest pace in five months in January, hit by a wave of domestic coronavirus infections, but still in line with the ongoing recovery in Continue Reading
If there were any doubts that the climate is changing in the Colorado River Basin, 2020 went a long way toward dispelling them, thanks to yet another year of extreme Continue Reading
