Nuclear power generation is necessary for the world to have cleaner energy solutions, although nuclear has yet to convince naysayers who generally associate it with Chernobyl or nuclear weapons, according Continue Reading
The chief executives of the biggest airlines in the United States are set to meet virtually with the White House National Climate Adviser and an economic adviser to the President Continue Reading
Highlights Prices retreat following epic winter storm Production rebounds quickly following freeze-offs The US natural gas storage industry posted its second-largest draw on record last week, but the Henry Hub Continue Reading
Highlights Permian operators add 5 rigs week on week Potential DAPL shutdown widens Willison-Clearbrook spreads EcoPetrol to triple Permian investment The US oil and gas rig count stood steady at Continue Reading
Texas, the fossil fuel center of the US, was let down by its natural gas delivery system during last week’s energy crisis, according to the head of the country’s top Continue Reading
Pfizer Inc. PFE 0.21% and BioNTech SE BNTX -1.61% have begun a study testing in people whether the companies’ Covid-19 shot can provide protection against emerging strains of the coronavirus. The companies said Thursday they have started the small Continue Reading
The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though applications for aid remain at a historically high level. Jobless Continue Reading
QuantumScape Corp., an electric-vehicle-battery startup, soared as much as 12% in late trading after saying it cleared a key hurdle in the development of its technology. The company, which is attempting Continue Reading
France’s nuclear safety authority agreed Thursday to extend the operational lifetime of the country’s 32 oldest nuclear reactors by a decade to as much as 50 years. The public electricity Continue Reading
Some 14.7 GW of wind power capacity were installed in Europe last year, down 6% on 2019 and 19% below forecast, sector association WindEurope said Feb. 25. Not registered? Receive Continue Reading
EU leaders vented frustration over sluggish deliveries of coronavirus vaccines and manufacturing delays as anxiety rises over the rapid spread of new variants. The bloc’s presidents and premiers expressed their fears Continue Reading
France’s national hydrogen council has presented initial plans for 3.2 GW of large-scale electrolysis capacity to key ministers, the council said Feb. 25. The projects, which require some Eur8 billion Continue Reading
Crude oil futures ticked higher during midmorning trade in Asia Feb. 25 as the market overlooked bearish data from the US Energy Information Administration to focus on optimism over declining Continue Reading
Oil extended gains from its highest close in more than a year on a slump in U.S. oil inventories and a broader lift to the reflation trade taking place across Continue Reading
Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay Continue Reading
While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel. Azerbaijan’s Continue Reading
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand. Futures in New Continue Reading
Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week. U.S. crude oil Continue Reading
A planned overhaul of how the world’s most important benchmark crude price is calculated has caused a surge in trading of swaps used to hedge North Sea oil prices. From next Continue Reading
Little more than a year after a Joint Development Project (JDP) to develop an ammonia-fueled tanker design was launched by LR, MISC Berhad, MAN Energy Solutions and Samsung Heavy Industries Continue Reading
The COVID-19 crisis has accelerated the timeline of peak oil demand while government policies to build back better and greener are speeding up the energy transition, major oil companies and Continue Reading
The world faces two possible futures: one in which all nations band together to bring covid-19 under control, and another in which the wealthiest countries emerge from the pandemic but Continue Reading
Oil prices have rallied since the start of this year, pushed up by the OPEC+ cuts tightening the market and the vaccine rollouts. Analysts and industry leaders have already called Continue Reading
OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources told Reuters on Wednesday. The group is set to meet on March 4, Continue Reading
Iraq is willing to spend the money needed to buy coronavirus vaccines, but global supply availability is hampering its efforts to begin inoculating citizens against covid-19. More than 1.5 million Continue Reading
India has unveiled a national hydrogen mission to accelerate plans to generate the carbon-free fuel from renewables, but analysts said that green hydrogen will struggle to compete with fossil fuel Continue Reading
India announced an expansion of its COVID-19 vaccination program on Wednesday but warned that breaches of coronavirus protocols could worsen an infection surge in many states. Nearly a month after Continue Reading
Venezuela and Iran, both sanctioned by the United States, have found a way to help each other as shipping companies stay away from dealings with the two oil-producing countries for Continue Reading
The ruling Communist Party is celebrating the official end of extreme poverty in China with a propaganda campaign that praises President Xi Jinping’s role, part of efforts to cement his Continue Reading
Hyundai Motor Company recently signed a memorandum of understanding (MOU) to work with the South Korean government as well as logistics, battery and mobility companies to demonstrate the electric vehicle Continue Reading
CNOOC’s oil rig in China’s Bohai Sea © Reuters That makes Bozhong 13-2 one of the biggest crude oil production bases in the country, according to the company. The new Continue Reading
Several major financial firms have upped their forecasts for U.S. economic growth based on expectations that President Joe Biden’s proposed $1.9 trillion COVID-19 relief bill will come to fruition and Continue Reading
One in every seven Texas gas stations is without fuel a week after the historic freeze crippled refineries and trucking, prompting at least one major retailer in the second-largest U.S. Continue Reading
At first, Amanda Fuller thought she was one of the lucky ones. Then the water stopped running. As Texas started dipping into single-digit temperatures overnight Sunday, power companies began instituting Continue Reading
Oil prices have staged an extraordinary rally in the last three months, rising by 50%. Biden’s presidency, the vaccine rollout, a weak dollar, low interest rates, no inflation, and hopes Continue Reading
The Bureau of Ocean Energy Management has issued a lease for the first wave energy research project in federal waters off the U.S. West Coast. The Bureau of Ocean Energy Continue Reading
Past presidents—even progressive ones—have viewed climate change as a problem for the future. President Barack Obama, for example, “took the view that climate change was a moral issue,” said Jeff Continue Reading
Almost half of Electric Reliability Council of Texas generation capacity – 52.3 GW in all — was forced out at the highest point during the winter storm starting Feb. 14, Continue Reading
New variants of COVID-19 risk a third wave of infections in Germany and the country must proceed with great care so that a new nationwide shutdown does not become necessary, Continue Reading
ExxonMobil will sell most of its non-operated assets in the UK’s central and northern North Sea to private equity fund HitecVision for more than $1 billion, the U.S. supermajor said Continue Reading
Just weeks after a bitter cold blast that brought heavy snow to Germany, the Netherlands and Britain, much of Western Europe is enjoying a taste of spring. Temperatures some 25 degrees Continue Reading
First output is now being produced by Russia’s number two gas producer (after state-owned Gazprom) – Novatek – from its much-awaited fourth train at the Yamal LNG project, according to Continue Reading
Crude oil futures fell during midmorning trade in Asia Feb. 24 after data from the American Petroleum Institute showed an unexpected build in US crude inventories, and as fears of Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.026 million barrels for the week ending February 19. Analysts had predicted an inventory draw Continue Reading
Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher. (Bloomberg) — Oil rose toward $63 a barrel with Continue Reading
Oil prices settled near year-long highs on Tuesday on signs that global coronavirus restrictions were being eased, although concerns about the pace of a U.S. economic recovery and the return Continue Reading
Brent Crude prices could hit $70 a barrel in the second quarter of 2021, while they are set to average $60 this year, Bank of America said this week, raising Continue Reading
The energy transition and the growing share of electrification of transportation will not lead to a fast decline in global oil demand—any drop in consumption will be very gradual, Argus Continue Reading
The five integrated supermajors – ExxonMobil (NYSE: XOM), BP (NYSE: BP), Shell (NYSE: RDS.A), Chevron (NYSE: CVX), and Total (NYSE: TOT) – posted a combined record loss of $76 billion Continue Reading
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month when companies are set Continue Reading
